There seems to be an unspoken assumption that professional traders have to be “right” when they make a call on a stock or a market. This assumption, in my view, is made by the majority of the public and by novice traders. One of the best lessons I learnt in…
Friday’s breakout of the consolidation on the S&P 500 (futures) may have delighted the “bulls” in this market. However, even with the unconvincing volume behind this move (see chart 1), I remain sceptical.
I often get asked which books I would recommend for trading. If I had to make a list, I would not have to think hard as to which ones would be at the top of my list. The books listed below are what I consider to be some of the…
A month ago, I made a prediction: that in less than 12 months, there would be riots and protests in every major city in Europe, in America and all over the globe. The protests that started as “Occupy Wall Street” are not just about Wall Street. It is about
The last seven days has seen the stock market rallying hard. You’d hardly guess there is a financial crisis going on. So has this been a victory for the bulls? Should the bears get ready to pack their bags or should they sharpen their claws? I believe the market could…
One of the biggest problems with modern society is that most people think that if they ever got into financial problems, the government will be there to rescue them. That is the issue: this dependence on our government to “sort things out” for us. For example, if you live in…
If you are worried about a recession and how that will affect you and your investments, then one option would be to take long positions with the ProShares ETFs. Personally, I still like selling short on stocks and stock index futures, but I know that many people do not. So…
A brief update on Gold and Silver. The close above the highs of the 26th September candle has not happened on Gold, in order to establish long positions. So while intra-day or swing short positions can be placed on Gold and Silver, we need to watch out for their respective…
In the above video I will show you a live example of a simple day trading strategy that I like to trade, called “The Opening Gap”. The video was recorded by myself today at the market open (9:30 EST or 14:30 GMT). I don’t claim to have invented this strategy.…
Over the past few days I have been inundated with email and comments of support from thousands, if not millions, of you all around the world. I have had almost every major news television and radio station in the world wanting to interview me, plus offers for making films and…