Trading 101: Fibonacci Indicators with Pro Trader Abdel Ibrahim

Golden Ratios and Spirals are the sexy sounding discoveries of famed mathematician Leonardo Fibonacci. At some point, most people have a fling with Fibonacci’s discoveries in ubiquitous things such as The Da Vinci Code, the mathematical constant Pi (3.14…), sunflowers, hurricanes, or Nautilus Shells. However, traders can be wooed for a much longer love affair. [...]

Chart Junkie: A Picture’s Worth … 6.26.09

  A short set for the hardcore junkies who can’t live without …   Cyclical Psychology: Knowing how our brains work is 80% of the battle. (Source: The Kirk Report)   Running Out of Gas: First it was taking money out of the house, then it was taking money from our imaginary Uncle Sam. Now [...]

Risk Management for Small Caps with Trader Kunal Desai

After watching the horrific 50% haircut in Insmed Inc. (INSM) yesterday, I contacted pro small cap trader Kunal Desai for feedback on proper risk management when trading these high beta plays. In Kunal’s experience, “Position sizing and risk management for small caps are totally different than for the more liquid S&P traded brothers. Due to [...]

FOMC Statement

Press Release Release Date: June 24, 2009 For immediate release Information received and manipulated since the Federal Open Market Committee met for lavish meals and chit-chat in April suggests that the pace of economic contraction is slowing when we tweak our models to add seasonal jobs that don’t truly exist. Conditions in financial markets have [...]

Iron Condors: Video Tutorial With Steven Place

Steven Place has a gift for making complicated options strategies seem simple. Below is a video tutorial in which Steven explains the basics of using Iron Condors as an options strategy:

Top Three Mistakes New Traders Must Avoid

In life, following directions is half the battle. When trading, avoiding the top mistakes is equally as important. I recently spoke with top StockTwits traders Joe Donahue (UpsideTrader) and Joey Fundora (DowntownTrader) to learn what they believe are the top three mistakes new traders must avoid. I think you will benefit greatly from their advice. [...]

Chart Junkie: A Picture’s Worth … 6.22.09

Welcome to our first installment of Chart Junkie: A Picture’s Worth … Chart Junkie will be a weekly series sharing some of the best charts and graphics we find on the web. However, this is also an interactive series because without your help we can’t possibly find all the vein-popping visuals. So, if you’d like [...]

WSCS Trading Combine: Lesson 5

Chapter 1: Change Lesson 5: Transform Emotion by Trance-formation Dealing with emotions is one of the biggest challenges for traders. Emotions are powerful forces that shift our behavior from Dr. Jekyll to Mr. Hyde. As traders, we can follow our plan flawlessly when calm, yet commit the most novice errors when jacked up on emotions. [...]

Level 2: Video Tutorial With Brian Shannon

Brian Shannon is one of the best indie traders in the business. I owe a lot of my maturity as a trader to his excellent lessons. Below is a video tutorial in which Brian explains the basics of using Level 2 while trading. If you haven’t already read my review of Brian’s book Technical Analysis [...]

Feet Dragging: Top Banks Stalling Foreclosures to Reap Gains

This morning’s Wall St. Journal ran an interesting article about condo associations trying to collect back dues by foreclosing on bank-seized properties. Banks claim they are stalling the foreclosure process due to political pressures. Condo associations say banks are stalling to avoid paying back dues. Our friend David Proman at boutique investment management fund Kore [...]

General Motors: Truth in Advertising Campaign

Getting Started Trading: The Setup

Trader Mike’s posts for newbie traders were some of the most helpful resources I found when I began trading. Therefore, I know the priceless value of high quality Trading 101 information. This post will be the first of a comprehensive series focusing on trading basics for new traders. As all pro traders know, you cannot [...]

Shittibank

Citibank $C is the poster child for shitty banks. Under Sandy Weill’s command, a once normal-sized banking entity became a Frankenstein conglomerate resembling a bureaucratic jigsaw puzzle. The C-level execs and investment bankers siphoned billions from the bank’s revenue stream during the deal-making frenzy. Shareholders haven’t fared as well. The stock is back to the [...]

WSCS Trading Combine: Lesson 4

Chapter 1: Change Lesson 4: Change Your Environment, Change Yourself Many traders desire to change their ways when things are not working. However, I’ve noticed that these same traders continue to repeat their mistakes as if they are processing a software program they cannot escape. For example, I know a trader who was continuously getting [...]

Chasing the Pot: What Happens in Vegas Happens on Wall St.

This article was originally printed in the March 2009 Issue of our Premium Newsletter. We may have to wait a while to see bargain valuations in the stock market. However, the market should rise quickly when the next party gets underway because the Boomers are now in a classic position to chase the pot. “Chasing [...]

Film Review: I.O.U.S.A

Today Bloomberg reported: Federal Reserve Chairman Ben Bernanke said large U.S. budget deficits threaten financial stability and the government can’t continue indefinitely to borrow at the current rate to finance the shortfall. Since most of our citizens still haven’t figured out that 13 minus 11 equals fiscal destruction, it’s a great time to watch and [...]