For those of you that followed my recommendations to get long globally earlier this year, click on the link below. http://www.schwab.com/public/schwab/nn/articles/Earnings-may-be-about-to-do-something-they-ve-never-done-before On the one hand, Schwab makes a good case for higher prices. On the other hand, is this a sign to sell? We shouldn't have to wait too long to … [Read more...]
Performance Metrics for Past 6 Years
I recently bought a third party Excel spreadsheet that analyzes trading performance metrics. I'm not allowed to share the actual file but the developer allows screenshots of the file. The developer has sold thousands of his analytics worldwide. This is what he said of my performance... "Although I’ve seen some really great performance, on average, the numbers that I generally see are not nearly as good as yours." Evidently, my 35 year trading research journey has not been in … [Read more...]
It Feels Like 1999 Again
Everything Tech is just going crazy, just like the late 1990's. Everywhere you went people were talking about how much money they were making in Intel, Microsoft, Qualcomm, etc. You literally couldn't go out in public and not hear someone talking about tech stocks. Then the unthinkable happened, the bottom dropped out. The Dot Com bubble popped and then silence. The silence lasted for almost 20 years. It feels like 1999 again. Everywhere I go people are talking about how much money they … [Read more...]
The Best Performing Stock Market This Year
If you bought iShares India Index (INDA) when I recommended it on January 17th of this year you are a very happy camper. Price is up 18% since that day. iShares India Index (INDA) daily The financial media is finally taking notice. Boy, are they late to the party or what? Read here...http://www.businessinsider.com/buffett-gundlach-gilbert-wall-street-love-indias-stock-market-2017-5 Trade Smart, Don … [Read more...]
Get Rid of Losers Early
After gains of 22%, 15%, 2% and 14% on our last four closed trades, we finally have to cut losses on one. Quick reminder: small losses are actually a good thing. No one is right 100% of the time. But if our losses are small, and our gains are larger, then we're happy and very profitable. So... time to cut losses at 6% on PSA. Public Storage (PSA) daily Sell it and take the 6% loss. Price has broken support. Hold all other open positions... which are all profitable as of right … [Read more...]