In my previous blog post, I covered three bad trading habits to break pronto. They included averaging down an investment, going “all in,” and buying and holding. In this follow up, we’ll look at three more bad trading habits that can also hold you back from reaching your potential as a trader. As I mentioned,…
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Qorvo manufactures components for mobile devices, among other things, so it is one of those companies that sees its fortunes rise and fall with the success of Apple (Apple has a habit of making or breaking the year for some companies – but that’s another discussion). Of course, relying heavily on one revenue source is…
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We humans are creatures of habit, and because our lives are so busy, that means we tend to fall into set routines. Many of us are unaware of these habits; they become instinctual. This is often the case when trading, and while some routines are efficient and allow us to make decisions quickly, others are…
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Options Trading Webinar: How to Filter the Noise and Focus on Price Action There has been lots of noise with the new President, forecasts and expectations. Even though the Dow Industrials closed above 20,000 this week for the first time ever, don’t expect the pundits to quiet down. Now is the time to filter the noise and…
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Lately we have seen some of the biggest names slump or move sideways, and many of these stocks are big industrial and transportation companies. However, the rail group recently came alive lately with some decent earnings and a rumor of a takeover. This time that rumor is swirling around CSX, which bolted higher last Thursday…
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If there’s one thing, and one thing only, you need to know about trading, it’s this: price is always king. Always. As a technician, I scour indicators looking for patterns and trends that indicate the next move in price. Though nothing is perfect, patterns and trends are your best bet for accuracy (in direction); strong…
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Options Trading Webinar: How to Analyze Volume When it comes to analyzing options, everyone knows price is king – but not many realize that volume is queen. During this options trading webinar, we dove into everything you need to know about volume, including: How to analyze volume How to find trades in both high and low…
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by Mike Obel Now that we’re more than a fortnight into 2017, it’s time to see if we can discern some direction in the market. For example, there has been tremendous strength in the restaurant space, particularly casual dining and fast-foods plays, Jim Cramer said during his Mad Money program’s “Off the Charts” segment. To…
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Broadcom is one the marquis names in the semiconductor space, and while there is worry about its growth potential (especially among iPhone chip providers), this company seems well-diversified enough to take advantage of other opportunities. The market believes it too, providing Broadcom with a hefty multiple. With the stock only 2% off all time highs…
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A new year is always a great time to reflect on what happened in the past and look ahead to the future. Each year, I analyze my trading history and pinpoint where I can improve. I also look to others for new ideas, and one of my favorite sources is the book, “Reminiscences of a…
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