Monthly Archives: August 2011

//August

Recommended Reading List

As Jesse Livermore said: "Trading is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or for the get-rich-quick adventurer." In other words, to excel in the stock market, you have to work hard, have emotional control, and develop confidence in your strategy. I constantly get asked to recommend [...]

By | August 15th, 2011|

Market Wants Lower

It’s important to keep an open mind when evaluating the stock market. It doesn’t make sense to always be Bullish or Bearish because the market is not always in an uptrend or a downtrend. Simply do your homework, look objectively at both the positive and negative signs, and invest accordingly. That being said, let’s review [...]

By | August 14th, 2011|

10 Random Thoughts

1) Everyone needs a "mental break" from trading once in a while. The best time to take one is during corrective markets. It helps you protect capital and confidence. 2) If "Pro" is the opposite of "Con," then Progress is the opposite of Congress. 3) If you have a -50% loss, it takes a +100% [...]

By | August 10th, 2011|

Cash is a Position

In a recent blog post (July 26, 2011), I mentioned that I moved to a 100% cash position. I received many emails asking me why I sell my stocks and get out of the market. Here are my reasons: 1) I am a trader, not an investor. The market is healthy 2 to 3 times [...]

By | August 9th, 2011|

The Gloucester Fisherman Triathlon

The following blog post has nothing to do with stock trading, but if you're looking for a little inspiration (and hopefully a few laughs) please read on. Over the past 18 months, I lost over 40 pounds. I wrote about it earlier this year (click here to read). After losing the weight, I figured the [...]

By | August 7th, 2011|

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