When you look at the stock market, it might seem like every stock has a chance to make you rich if you just hold on long enough. But research tells a different story. Only about 4% of all stocks ever publicly traded in US created all the wealth that the market has produced beyond government […]
Tag: SPY
The optimistic US stock market at all-time-highs has started to concern many and I’ve been asked how one should prepare for the possible downturn. There is no single indicator nor holy grail to let us know about a bull or bear market, but I’ve found price to be the most reliable indicator when it comes […]
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The best loser is the long-term winner
Winning is easy, losing is hard. In school and sports we are taught to be winners. In trading we need to learn to lose. Amateurs like to take quick profits cause it feels good, they hold on to losing positions cause having it on paper doesn’t feel as bad as actually taking it. Pros do […]
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Trading is not easy, but it’s simple
I got back from my trip to NYC to attend a workshop by Dr. Alexander Elder and Kerry Lovvorn. It was fun. First night we gathered at Dr. Elder’s apartment near Manhattan, a short walk from my hotel. I met other traders from around the world, cigars on the balcony and off we went to […]
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Live to fight another day
Today I sold. I got my reaction rally to get the latest SPY position adds off the table breakeven. Tho it’s a relief, let’s look at what went wrong and what I have learned. In late December, I wrote about my failed dollar cost averaging and how not to throw good money after bad. I […]