Hey 5-Star Trader, September left us with a lot of baggage and the first half of October was spent trying to claw our way out of the “pinball zone.” What is the “pinball zone?” I like to use the term “pinball zone” when a market is stuck in chop. This behavior occurs when a trend is broken and the indexes are stuck between support and resistance, have frequent overnight news-related gaps, and/or days of wide range fueled by a lot … Read more

Hey 5-Star Trader, “Tuesday Trade” Journal: One of the most important concepts in trading is to review your work, and learn from the good and the bad. Identifying what is working is critical — to do more of it. So, to lead by example, each Tuesday, you’ll get a trade from my trading journal, in which I explain my thought process from start to finish. Trading is all about finding something that works, and applying it over and over again. … Read more

Hey 5-Star Trader, Earnings season is right around the corner and usually this is one of my favorite trading times of the year. However, as outlined in last week’s newsletter* there are a few outstanding factors that are making me a little nervous going into this quarter. *Recap: In case you missed last week’s newsletter, we discussed inflation, supply chain issues, and the Federal Open Market Committee (FOMC). Read the full article here. In addition to those concerns, typically quarter … Read more