Category: Uncategorized

  • 7 Strategies To Master Trading Countertrend Setups

    How many times have you heard the trading cliche that you should never trade against the trend? My guess is enough times that through osmosis this bad advice has unwillingly seeped into your subconscious and stopped you from trading profitable countertrend setups with the frequency that you should be trading…

  • Live From Torrey Beach: Overbought Sectors | Big Picture Weekly Reflections

    Did you ever play hot potato as a kid? For those who didn’t, you pass a hot potato around as fast as you can until someone yells “hot potato”. You lose if you get stuck with the hot potato. That’s what the steel sector is like right now. As the…

  • Big Picture Weekly Trading Reflections

    Reflections The old me was living this quote (watch weekend reflections); a fledgling trader blindly jumping from trade to trade and doing a ton of research, but never truly learning anything. Then ten years ago I started doing a simple weekly “big picture review” that focused on reflection and key…

  • Why do traders feel powerless?

    Why do traders feel powerless? Because it takes personal responsibility away from you the trader and transfers it to market gods, market makers, algos and quants, big banks, hedge funds or whatever else is conspiring against you. I mean, how in the world can you contend with these powerful forces. You…

  • Inaugural #AskPaulAnything Episode 1: Exits, Risk Management, Intraday and Deliberate Practice

    In my inaugural episode of #AskPaulAnything, I talk about the the difficulty of stock trading exit strategy and how to simply the process, risk management, a fantastic intraday trade, deliberate trading practice for both newbie and experienced traders, how I use VWAP and more. The Pledge If you honestly don’t…

  • Personal Mentoring

    Need a mentor to make you a profitable trader? I have been through it all over the past 20+ years of trading (read my story here). Yes, I’ve made all the mistakes and after years of trial, error, and that light bulb moment, figured it out to live my dreams…

  • I Will Pass Out If Donald Trump Is Elected President

    Donald Trump is bad for Wall Street. He can’t be controlled, he’s a loose cannon, he has ties to the evil Russian empire, he bankrupted his own companies, he hates women, minorities and anybody else making money. Yet I love him. Well not him, but the idea of him winning…

  • Secret Trading Leak: Your Winning Trades Will Crush You

    What if I told you that your wins are your biggest trading problem? That’s right, wins are what hold average traders from moving past break even to profitability. Most traders focus on their losses, completely ignoring the real problem. The hardest trading leaks to identify and correct are the one…

  • Only a fool accepts widely held trading maxims

    Trading maxims that are treated as gospel, but nobody actually investigates their accuracy. Why do we implement them into our trading plans without investigating?  It is because we are sheep, and it’s easier to be a follower. Successful traders think like wolves and never follow the herd. In fact, they…

  • Stock Chart of the Day: IBB

    Biotech ETF IBB has been on a spectacular run since the market selloff, but now the chart is telling us that it looks ready to rest. Intraday today a negative candle pattern is forming at overbought conditions. If this pattern can hold going into the close, we could see a…

  • Chart of the day: ANFI

    Yet another earnings season is upon us and we have our first earnings breakout setup. ANFI broke out  from a down trend and remounted the 50 day moving average on huge relative volume. I will look to enter on a slight pullback. Subscribe to The Market Speculator by Email and never miss…

  • It’s scary buying the dip and what ever happened to the Zune

    Fear and greed control every stock that ever existed. Even the greatest stocks of all time have had mini-scares that now seem ridiculous. Apple bears, remember when you said Microsoft Zune would spell Apple doom? Blockbuster online was supposed to kill Netflix. The courts and anti-privacy legislation was supposed to…

  • The Art of Learning to Trade: Become a Master and Not A Jeopardy Contestant

    I rarely read trading books. Experience tells me most are a waste of time. However, I read every performance book I can get my hands on. One of the best is Josh Waitzkin’s The Art of Learning. Josh was the chess prodigy that the movie “Searching For Bobby Fischer” was…

  • Chart of the day: CENX

    Today’s stock chart of the day is Aluminum stock CENX. The stock is forming a bottom pattern and has remounted the 50 dma.Subscribe to The Market Speculator by Email Please retweet if you liked this article! Tweet If you would like to learn more about how I trade, receive my nightly focus…

  • Chart of the day: Sketchers

    Today’s stock chart of the day is Sketchers. The stock broke out on huge volume after posting knock out earnings.Subscribe to The Market Speculator by EmailThere are a number of ways to play this earnings setup. The breakout pullback requires patience, waiting for the stock to form a trading range…

  • Ugly Chart of the day: BABA

    Baba was the talk of the Street when it IPO’d last fall and quickly zoomed up from $80 to $120 in a matter of weeks. However, after forming a classic short formation back in November, it has given back all it’s gains and now sits 5 points below where it opened.Subscribe…

  • Cash as a position and why the best thieves never get caught

    The best thieves never get caught.  Let’s talk about how they do it . . . yeah, I know what you are thinking:  WTF does this have to do with trading?  Bear with me. The best thieves make it easy for themselves. If they come across a house with a…

  • Chart of the Day: Biotechnology

    The Biotechnology ETF IBB had gone parabolic and sold off on Friday and continued with a hard pullback to the 50 day moving average. Yesterday we went long at the close. Why did we go long on a stock that sold off so hard? A few days ago we talked…

  • Chart of the day: CYBR

    Today’s swing trade stock chart of the day is CYBR. Cyber security stocks have been on fire since early February. When stocks go parabolic like CYBR, it is often tough to find a good entry level. Now the stock has pulled back to the 50 day moving average giving us…

  • Psychological warfare for traders the Arnold Schwarzenegger way

    Yesterday I listened to a fascinating Tim Ferris’s interview with Arnold Schwarzenegger.  Ferris was able to bring out the best in Arnold, who went deep into the psychological aspects of competition and basically everything he has achieved in his life.  From escaping poverty in Austria, becoming the greatest bodybuilder of…

  • The smart way traders use Twitter: Getting past the love-hate relationship

    As traders we all have a love-hate relationship with Twitter.  If used correctly Twitter is a great tool for traders.  The benefits of twitter include: Forging relationships with other traders thousands of miles away Learning from others Getting a feel for what sectors or stocks are hot Let’s use some…