For today’s letter, I wanted to do something a bit different and talk about the final result of my stock picking process. Now, you’ve heard a lot about specific picks I make, along with the tools and strategies I use. But, today I wanted to give you my watchlist. A watchlist is critical to have, … Read more
Like adapting to the weather… They always say, “Sell in May, and go away.” We hear phrases and sayings like this frequently. While we never know if they’ll come through, they’re good to keep in the back of your mind. Why? Because, to some extent, they can be a self-fulfilling prophecy. “Uh oh…it’s May! Sell … Read more
The past two weeks, the movement in the stock market has largely been due to news announcements — President Trump’s tweets and escalating trade war rhetoric. Even though it’s now May 2019, and the stock market has essentially traded directly higher since December 26th, it wasn’t too long ago it seemed as though the sky … Read more
“Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.” – Earl Nightingale This past week has been the most volatile trading that we’ve seen in 2019. Today, to start the day off, we opened with an almost 500 point drop in the … Read more
In the last edition, we discussed strategies to use to prepare for market pullbacks. Market pullbacks are just part of our reality as traders. For me, like I noted, I tend to stick with a swing trading approach and hold through a minor reversion to the mean. Typically, especially on a news related drop like … Read more
I was able to join Judy Hoberman on her podcast “Selling In A Skirt.” A podcast that’s near and dear to my heart as it’s put on by The Women 4 Women Network, and it’s focused on women in business both inside and outside of the home. I took the opportunity to join her for … Read more
On April 25th, in my Wrong in the Best Way episode, we talked about using Fibonacci extensions to determine when a market is too extended to the upside and needs to take a breath. While in this instance, the extended state of the market went on for seemingly forever, it’s still critical to know the … Read more
On Friday, I was able to close out a butterfly for over 1200% profit. I bought it for $1.34 per contract, and sold it for $16.30. This is the type of lotto ticket type trade in which all of my experience and analysis came together, for the perfect trade. Whenever that happens, it’s critical to … Read more
Seattle As I prepare to head back to Seattle this summer, and speak at the MoneyShow Seattle, I reflect back on all that has happened in my trading career since I first made the move to Austin and took this position, teaching my craft. It’s been a bit of a whirlwind, but I know how … Read more
Last week, I wrote to you about FAANG earnings, and I noted the volatility that this week in earnings season can cause. Now, at the end of the day, I always think it’s better to be overly cautious rather than overextended. The consequences of the latter are much worse. However, in this instance, I feel … Read more