I wanted to write an article to explain some of the processes I go through when trading US stocks. Since August was a particularly quiet month with only a few winners I have decided to go back to a trade I made in July in Omnova Solutions ($OMN). Read more »
In the provocative book, The Black Swan, Nassim Nicholas Taleb reminds us that it is often easier (and more useful) to try and disprove something than it is to prove something is categorically true. The best way to do this is through experiments.
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We got a few things right last week. Stock markets continued their momentum after breaking to new highs, DRDGOLD sold off as expected and breakout pick CUDA rallied nicely. If only it was always that easy.
This week I am travelling but I have been able to come up with a few more setups which you will find below. Read more »
One of my favourite websites now is Quora which lets you ask and respond to questions on virtually anything.
Since I answered quite a few questions myself this week I thought it might be a nice idea to compile all the answers together in a new weekly segment that I will now call ‘Q&A Friday’! Read more »
I have been using the free version of Finviz on a daily basis for several years.
Just recently I decided to subscribe to Finviz Elite to take advantage of the live market data, more powerful screener and backtesting features.
So far I have been more than happy with that decision. At $25 per month, I think the service offers amazing value for money and I have already seen it have a real improvement to my trading and analysis. Read more »
We took some good trades last week, the cream of the crop being $OMN which continued to surge after posting strong earnings.
This week should be interesting with the S&P 500 a whisker away from record highs. Read more »
As mentioned in the previous post, we do not have a lot of faith in the market at present. Many indicators are flashing red but stock markets continue to rally thanks to the backdrop of loose monetary policy.
Even so we will stick to our trading strategies and hope to find alpha in un-correlated opportunities. It should be another interesting week and non-farm payrolls could prove to be a big event.
Below are the setups we are watching this week: Read more »
The 4th of July US holiday always seems like a good time to reflect on what is going on in the world and the current situation in financial markets.
Unfortunately, the events of the last couple of weeks have caught many traders by surprise and many have lost a lot of money.
Let’s analyse what’s been going on and then make some comments about what to expect in the coming weeks ahead. Read more »
It is my belief that to succeed in the financial markets you need to have some kind of trading system in place.
Trading systems protect the trader from his ‘inner chimp‘ – the limbic side of the brain that relies heavily on emotions and gut instinct. The inner chimp is quick to react and respond to incoming dangers. It often makes snap decisions based on emotion or a feeling. Read more »