As a trader you probably have heard people talking of cutting losses quickly and managing one’s emotions, but what does this really mean? It’s hard for people to understand until they really experience it for themselves. This is why I feel all new traders should not only spend some time paper trading, but also a …
It’s a fact that most people fail at trading penny stocks because they don’t use a trading system and a trading system is essential to one’s success in the market. Nobody makes consistent profits without having a trading system. But a trading system is not magic. It is merely something that provides a statistical edge. …
I bet you have heard about the arrest of Martin Shkreli the failed hedge fund manager of MSMB Capital and later Biotech CEO, that was recently arrested on charges of fraud and operating a Ponzi-like scheme. Martin Shkreli is better known as the AIDS drug douche bag because he raised the price of the drug …
The last time I visited Asia was in May 2014 and I went to Thailand, Malaysia, and Singapore. This time I chose to travel to the Philippines in South East Asia and Japan in North Asia. I like traveling in Asia because it’s relatively easy to get from place to place, in South East Asia …
For most people that are searching for a way out of their boring 9-5 life, the thought of trading for a living seems like a fantasy job. The good news is that becoming a full-time trader is completely possible if a person is willing to take the time to learn how the markets works (not just …
It was another good week with the market with the S&P 500 up 4 days. The SPY is now sitting at $203.20 with an all-time high above $213.00. The key level I am watching is $206.00 as this is a potential turning point for the SPY. The overall market is important to watch regardless if …
You may have learned at a young age that life is not fair. You do not always get what you want—and occasionally you may not even get what you need. The penny stocks game is rigged, but it doesn’t really matter. When things do not work out the way the way that we want them …
This new market environment is a lot different from the past. Many of the old patterns are no longer working like they used to. This has to lead me to start looking for new tradable setups and I recently stumbled on a new one. This pattern has been paying my bills quite nicely over the …
It’s nearly summertime and the markets have been a bit sleepy lately, but the global markets have recently come to life, which has caused some great volatility. The main reason for this is because the global markets are on alert due to the fact that Greece is approaching it’s day of reckoning. If they default …
A couple of weeks ago I mentioned my huge trades in VLTC. There’s a new game going on in the penny stock market and it can make you rich if you follow the rules and learn how the game is played… After VLTC got pumped by Carl Icahn, the next stock to get pumped by …