Archive for October, 2012
Video Review of the Indexes 10-28-2012
October 28, 2012 at 3:03 pm
Here’s a rundown of the major averages as they currently stand, along with the key levels they’re dealing with as we head into a brand new week of trading. This is where the trading week starts, knowing the impact the indexes will have on how individual names move.
Run time is 5:45.
(Direct video link is here for those interested in embedding it elsewhere to share).
Trade Like a Bandit!
Jeff White
Take a trial to our Stock Pick Service to get our trades.
Let the Market Dictate Which Plays You’re Learning
October 26, 2012 at 3:27 pm
Newer traders quickly learn that there are a multitude of strategies to employ and a variety of timeframes in which to apply them. And then they make a huge mistake: they try to learn them all simultaneously.
Picking up new plays and honing skills takes time. You start out with one strategy and get better at it until you have an understanding of how and when it works best. And then you add another and keep repeating the process.
But few understand where to begin, so let me simplify it for you. Let market conditions dictate which plays you focus on.
Whatever is working in the here and now is the play you need to be working on. In a momentum tape, naturally it’s going to be breakout plays. In a trading range, you work on trading more reversals from key levels of support and resistance. When a steady trend comes along, it’s going to mean the best way to get involved is on pullback plays. And when corrections kick in like the one we’re currently caught in, you learn to trade the short side after failed bounces back to broken (former) support zones.
Don’t try to perfect a dozen plays simultaneously. You’ll feel overwhelmed and get nowhere.
You don’t acquire an entire wardrobe in a day. You build it over time as weather conditions change. With your trading, it’s the same way. Take it one play at a time based on current conditions, and you’ll grow your skill set with greater consistency over time.
Trade Like a Bandit!
Jeff White
Subscribe to our Stock Pick Service to get our trades.
Next Target for $YHOO
October 23, 2012 at 5:35 pm
In this video, we’ll look at the post-earnings pop in Yahoo ($YHOO) and where it may be heading next.
Run time is 3:30.
(Direct video link is here for those interested in embedding it elsewhere to share).
Trade Like a Bandit!
Jeff White
Subscribe to our Stock Pick Service to get our trades.
Find a Way!
October 22, 2012 at 5:36 pm
Years ago as an aspiring professional golfer, I had a conversation with a veteran (PGA) Tour player. I asked him what he thought some of the differences were between a guy like him and the guys on the next level down. Both might go out and shoot 65 on a given day, but what was the missing ingredient for the guys below the top level? They had plenty of game, but just couldn’t get to the next level. What set him apart?
His response surprised me with how simple it was. He said that a Tour player would almost always find a way. He’d find a way to hit the fairway on the narrowest hole on the course. He’d find a way to grind out a par after a poor shot. He’d find a way. It was about will, about focus, and attitude – not merely gaining distance or accuracy or putting in more practice.
It translates into trading.
Great traders don’t necessarily find better trades than those who struggle. But they do find a way to limit the damage on their poor positions. They find a way to get involved in a move – on some timeframe. They keep learning even though they have plenty of past successes to reminisce about. They have a will about them, a focus, which prevents their mistakes from becoming catastrophes the way a struggling trader might. Their attitude promotes success, not rationalizations for a shrinking account.
Stop accepting excuses for your underperformance. HFT’s are prevalent in today’s markets, find a way to co-habitate with them (pun intended). Elections happen and cause some uncertainty. Terror threats emerge from time to time. Market volume dries up periodically. Find a way in spite of it. Those who are successful always find a way, no matter the conditions.
Trade Like a Bandit!
Jeff White
Subscribe to our Stock Pick Service to get our trades.
Video Review of the Indexes 10-21-2012
October 21, 2012 at 2:30 pm
Here’s a rundown of the major averages as they currently stand, along with the key levels they’re dealing with as we head into a brand new week of trading. The trading week begins here for me, knowing the impact the indexes will have on how individual names move.
Run time is 7:24.
(Direct video link is here for those interested in embedding it elsewhere to share).
Trade Like a Bandit!
Jeff White
Take a trial to our Stock Pick Service to get our trades.
Don’t Ignore Event Risk
October 17, 2012 at 5:50 pm
In this video, we’ll look at a cup and handle pattern which is starting to play out but which may be interrupted due to a key event.
Run time is 3:25.
(Direct video link is here for those interested in embedding it elsewhere to share).
Trade Like a Bandit!
Jeff White
Subscribe to our Stock Pick Service to get our trades.
The Only Way to Bottom Fish for Stocks
October 16, 2012 at 6:03 pm
In this video, we’ll look at the old adage of “buy low and sell high” and discuss some important conditions which should be present when looking to buy a beaten-up stock near support.
Run time is 4:25.
(Direct video link is here for those interested in embedding it elsewhere to share).
Trade Like a Bandit!
Jeff White
Subscribe to our Stock Pick Service to get our trades.
