December 6th, 2013
In my last controversial post about Bitcoin I answered the question, “Is Bitcoin a good investment?”. I explained why you shouldn’t just blindly chase a bubble or be a cheerleader for the hottest trends. I also mentioned some major risks and unknowns around Bitcoin. At first, I brushed off crypto-currencies as a bubble and scam, but after a lot of research, I think they’re a huge threat for fiat currencies like the U.S. Dollar.
Risks & Opportunities With BitCoin
Even though I’m going to make some predictions about BitCoin, I can promise you nobody really knows the impact BitCoins will ultimately have on the world, and things are going to happen that will surprise everybody. Right now I see major opportunity and threats to the BitCoin ecosystem.
The three biggest threats to BitCoin are: governments, hackers, and other competing crypto-currencies.
It’s virtually impossible to predict how …
November 26th, 2013
Earlier this year I wrote this post about how my wife has been developing into one hell of a trader. And this week she had another record breaking profit as seen in this post.
Follow her on Twitter and Facebook.
Today she knocked out another 2 profitable trades straight from our Stock Trader Formula course. In today’s post she’s going to give you some insight to some things she’s learned over the past year of trading. You should really pay attention to her, because she’s an up-and-coming trader who started from nothing!
My trading journey has been such an adventure for me over the past year! Through the ups and downs, its been nice to finally grasp the most difficult concepts, and keep pushing through milestones. We get a lot of questions and comments from people all over the world interested in what we do …
November 24th, 2013
“The World is a book, and those who do not travel read only a page.”
- Saint Augustine
In this post I’m going to explain why you should travel more, and how my wife and I are able to spend 6-9 months of the year traveling around the world.
According to the DailyMail, a survey revealed that over 75% of people over age 35 said they wish they’d traveled more
. Unfortunately, many people squander away the best years of their lives in a “box lifestyle”. In other words, they spend 50+ weeks a year sitting in rush our traffic, working at an unfulfilling job, and being life’s spectator by watching too much TV.
If you think about it, some of your best memories are probably from family trips, exotic vacations, or exciting adventures away from home. Why not design your life in a way that maximizes these …
November 22nd, 2013
I’m so proud of my wife, AKA “Fit Trader Chick”. Today she had her biggest profitable trade yet on ticker $MACK.
After a year of hard work, she’s really started to come into her own as a trader. Recently, she’s been working on increasing her position size (the number of shares she trades).
The trade setup was a nice breakout straight from the Stock Trader Formula course, and was on her daily watchlist she gives her students.
Here’s a video snapshot from yesterday’s watchlist with Nikki telling our students to be on the lookout for the breakout on $MACK today!
The Trade – Entry & Exit
The reward-to-risk ratios were very high on this trade. She was initially risking about $.07 to make about $.30, so well over a 3/1 reward-to-risk ratio.
As soon as the trade went parabolic in her favor, she closed 40% of …
November 21st, 2013
Even though we’ve been having fun day trading the stock market lately, I’ve been getting a lot of questions from people asking, “Is Bitcoin a good investment”. There’s a TON of speculation right now around Bitcoin, and I want to help you make an informed decision. In this post I’ll talk about the basics of Bitcoin, how it works, and if it might be a good investment for you.
The Basics Of How Bitcoin Works
The best and most simple definition of a Bitcoin is that it’s a virtual form of currency. You can purchase them, only, online and as-to-date, there’s no form of Federal regulation governing them. This unique, border-line ingenious, creation was invented by Satoshi Nakamot.
According to several sources, this programmer initially gave a summarization of the Bitcoin in an academic paper. Once this, “unusual”, concept was introduced, the “supposedly” Japanese …
November 19th, 2013
Do you know what REALLY moves the price of a stock? Most often price is driven by the emotional behavior of investors and traders. This is the #1 reason why most people lose money in the stock market.
Yesterday’s trade example is a perfect example of how undisciplined investors chase hyped-up news, and why they consistently buy at the top and lose money quickly.
Synutra International Inc (Symbol: SYUT
) is a Chinese baby formula company. And this stock popped huge after the Chinese government announced they’re easing the law that restricts families from only having 1 family.
So, everyone jumped on board anticipating that this company would profit from the news. However, notice how the stock gave back ALL of its gains on the very next day!
Imagine you were one of the “investors” late to the news who put a market buy order in the day after …
November 18th, 2013
This morning our E-mini Trading Academy members has two beautiful setups on the E-mini S&P 500 – one long and one short. The key thing about trading is not to worry about longer-term trends, but look to profit on both sides of the market with pre-calculated moves.
Members of my Pro Trader Challenge have been loving the ebb and flow of the e-minis. Some days have been incredibly volatile, while others have set up for slow grinding trends.
Today the E-mini S&P 500 opened and topped out at the key level of resistance around 1,800. After a quick shift in momentum, we had an amazing short setup that hit our 2 point target:
Then the market rebounded and gave us a nice long. Notice how we’re getting in with relatively smaller risk compared to if you chased price and bought higher. In the e-mini market it’s all about finding “wholesale” …
November 15th, 2013
This week has been incredible for trading — And I’m exhausted. Some weeks are just really active with a ton of plays, and this week was no exception.
New to trading? Grab this free beginners trading course & subscribe to my YouTube channel to get a TON of free training.
In today’s post I’m going to show you how to buy stock dips with lose risk. And I’m going to use the trade on ticker GALE as an example. This stock has been in play for quite a while, which is good because it attracts other traders who can move the stock in your favor. It also has great liquidity for being a $2 stock… Enough to attract other traders and get good price fills, but not too liquid to attract high-frequency trading robots.
When it comes to finding good dip buys, it’s all about being able …
November 14th, 2013
A few weeks ago, everyone got news that one of the biggest pump and dump promoters shut their doors. According to this article, the 26 year old owner of AwesomePennystocks.com has shut down the business and is hiding from the FBI and the Canadian Government in Lebanon.
“Babikian’s wife Alima Beg claims in divorce papers filed in September that Babikian has amassed a fortune of more than $100 million by running a business in which ‘he acquires, directly and indirectly, large stakes in penny stocks, then ‘promoting’ these penny stocks through multiple web sites, thereby causing the price of these stocks to run up, so that he can ‘dump’ the stocks with enormous profits.’”
I think this is going to have huge implications for penny stock traders. What has been working well for both penny stock promoters and penny stock short sellers is starting to change.
November 13th, 2013
Well, it’s great to be back from Thailand after 5 weeks of scuba diving, eating amazing food, and hanging out with some great traders. I can’t wait for our E-mini Trading Academy students to come to Austin for our live trading week!
Today we had a slam-dunk trade from Nikki’s Stock Trader Formula Watchlist. Ticker MWW has been in play since it released earnings last Thursday, and gave us a beautiful breakout today. This was a textbook play from our stock trading course.
If you’re not following Nikki on Twitter yet, you’re missing some great trade alerts! Every day she does a comprehensive watchlist for our students and gives free alerts on Twitter.
3 Key Points About Stock Trading
I continue to beat a few key points about stock trading. Over the past 12 years I’ve seen the market dynamics change a lot. In other …