This type of setup generates some serious volatility and can provide some great continuation patterns as well as lucrative dip opportunities.
I’m back in front of the screens today after my holiday break was extended by a nasty head cold. As expected, earnings were light going into the end of the year, so my trading followed suit. While I logged a total of 338 trades in Q4, December as a whole accounted for only 14 of […]
Mainstream financial media is quick to caution against short-term active money management strategies, just as our new 401k provider had done, but my personal experience leads me to question traditional advice.
This is an interview I did several years ago with a fellow trader, whose website is no longer up and running. I thought I’d post it here since it offers insight into my trading journey. We talk about my trading education, struggles, nightly preparation, philosophy, and more.
When I search for the best stocks to buy, I look for three easily identifiable catalysts: a positive reaction to earnings, a high percentage of the float sold short, and a technical breakout.
Any AIR member will attest to a stock’s ability to generate abnormal returns in the sub $20 niche, especially when an earnings catalyst is applied. This became apparent to me as I was introduced to the “penny stock” niche in mid 2012, and I immediately recognized the potential for exponential growth.
I’ve been penny stock trading for more than fifteen years, and in that time, I’ve turned $12,415 of my bar mitzvah money into more than $4.2 million in trading profits. I like to challenge myself, but I’ve already reached my goal of becoming a millionaire. Now, I’m turning my focus to teaching. My new goal […]