When you listen to interviews of successful traders, you’ll often hear them say that controlling your emotions is 90% of becoming a consistently profitable trader. But if you didn’t know any better… You’d think being calm, stress-free, and consistently profitable was a genetic trait. However, I’ve studied the methods and lives of some of the…
It’s all too often that traders allow their ego to ruin their trading plan. But when the market takes a few thousand dollars from you, you are quickly reminded of why you must check your ego at the door and stick to a realistic trading plan. For example, I’ve been doing this now for about…
So, Nvidia is at the center of the AI boom (or a potential bubble, as discussed here). The chip-maker is still up more than 219% this year, even after the recent pullback. And after the company reported better-than-expected earnings last night… Analysts expect that the stock could soon shoot past $500 per share. But as…
I don’t trade crypto, and I don’t have any intention of doing so. The underlying technology, blockchain, is certainly impressive. But unlike a little-known oil and gas ETF responsible for some of my biggest wins over the last 13 years… There’s just more volatility in the cryptocurrency market than I’m willing to tolerate. It’s also…
In the first quarter of this year, ChatGPT was everywhere. You couldn’t open the fridge without hearing someone say it would make us extinct. It felt like artificial intelligence had already won. It grabbed our attention, transformed every workplace conversation, and even helped tech giants recover from 2022’s losses. Tech stocks like Nvidia, Alphabet (Google),…
Mortgage rates surged this week, reaching a 20-year high of 7.09%. That’s the highest point since the first week of April 2002 and marks just the third time rates have exceeded 7% since then. The increase is being driven by the Federal Reserve’s efforts to combat inflation. Of course, higher rates make it more difficult…
Buying stocks is easy. Some investors buy after a detailed analysis of a company. Others chase hot tips. Some use specific signals and rules. No matter how you decide to buy, it’s usually the easiest part of any investment decision. The hard part is deciding when to sell. If you sell too early, you might…
Do you believe her? Say whatever you want, but I feel quite differently! In fact, I believe she’s covering up the truth that would tank the economy. Treasury Secretary Janet Yellen says: “everything is JUST FINE with the economy”. “Over the past year, our task has been to transition the economy from rapid recovery to…
Last week, the Biden administration stepped up its crackdown on Chinese technology in what is becoming the global conflict of the century. An executive order signed this past Wednesday roadblocks and regulates United States investments in Chinese technology, ranging from advanced computer chips and microelectronics to quantum IT and AI. We’re knocking on the door…
The gap between Wall Street and Main Street is getting bigger. And it wasn’t long ago during the Covid-19 Pandemic that we reached all-time high household savings. But just three short years later, households are upside down in debt. United States cardholders are $1 TRILLION DOLLARS in credit card debt today! As many of you…