Monthly Archives: January 2013

//January

Could the NASDAQ 100 Play Catch Up?

Picture this scenario. You're a big fund manager and you came into the year cautious because of the Fiscal Cliff. Now, the market has started the year off strong. You already underperformed last year (as did most money managers), and you don't want to underperform TWO years in a row. You're beginning to feel some pressure and [...]

By | January 30th, 2013|

Stay Humble

"Every day I assume every position I have is wrong." --- Paul Tudor Jones When the market is strong, everyone is a genius. Since 4 out of 5 stocks move with the general direction of the market, pretty much any stock you pick will move higher during an uptrend. I have always said that "strong [...]

By | January 27th, 2013|

The Number One Challenge For Traders

I get many emails about stock trading. Although the questions cover a wide range of topics, I usually read the same theme in between the lines: Uncertainty, fear, lack of confidence, etc. I can sum them up in one word: Indecision. The number one challenge traders face is the ability to make decisions. When do I [...]

By | January 19th, 2013|

My Quick Take on the Stock Market

1) The price action is very strong. The indices (especially the Small and MidCap) don't want to give anything back. 2) Short-term, many stocks are extended from proper buy points. Keep in mind that I'm a trader and entry point is EVERYTHING to me. If you have a good entry, you can sit through normal [...]

By | January 14th, 2013|

Defending Jim Cramer

Oh boy! If the title of this blog post alone bothers you, then do me a favor and don't continue reading. If you're cool and open-minded, then please read on :) I don't know Jim Cramer. I've never met him, never spoken to him, but I have tremendous respect for the man. I was recently on [...]

By | January 2nd, 2013|

Pay Attention to Price Action

Back on July 22, 2011, I was long 6 stocks. A sharp trader friend of mine looked at the 6 charts and said: "Those are REALLY good setups, if they fail, the market is screwed." Two trading days later, I got stopped out of the 6 stocks and went into 100% cash (I wrote a [...]

By | January 2nd, 2013|

Why Is No One Talking About Defense Spending?

I'm a trader. I keep the news on in the background most of the trading day. There are two main points I constantly hear about the Fiscal Cliff: Democrats want to raise taxes and Republicans want to reduce spending, specifically "entitlement" spending in the form of Social Security, Medicare and Medicaid. Yes, I know there [...]

By | January 1st, 2013|

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