Hey Gang,    “The key to wealth is to buy when there is blood running in the streets and sell when they are pounding at your doorâ€?   This is a quote that I keep on my desk in my home office.  Unfortunately, I don’t have who wrote it, but it has been a quote that has helped spur my confidence in trading and investing in some of the toughest times of the market.     So when is there blood in the street?  And what does that refer to?  […]

Hey Gang,   In tonight’s call, we discussed Point and Figure charting.  This is a style of charting that studies pure price movement without the effects of time.  Personally, I use P&F charting to understand the long term trend of my potential trades.  By trading with the P&F trend, entry and exit points for medium term to long term trades becomes very simple.    P&F Charts have several advantages: Eliminate the insignificant price movements that often make bar charts appear ‘noisy,’ Remove the often misleading effects of time from the […]

If you are like me, you have a bit of a gambling streak in you. In trading stocks and options, the gambling mentality must be controlled, but I occassionally enjoy taking a portion of my profits and putting them on trades that have high risk, but high reward. It helps keep things fun and exciting. Please don’t place the types of trades that I will discuss if you are struggling to make profits in your trading account. Lets take a look at the stocks above $10 that have fallen by […]

Hey Gang, In tonight’s grad call, we looked at various trade possibilities. We noted that the market is highly volatile and any trade needs to be made with tight stops. Energy stocks are starting to show signs of exhaustion selling, but any trade taken should be a small position with a good stop as trying to call a bottom is always a trecherous task. Generally a stop underneath support is a great way to go. We also looked at some of the trade recommendation functionality on www.barchart.com. It is a […]