Shorting RTX Below 200-Day Line, Tight Stop Loss
I rarely talk about my short positions, mainly because I short individual stock so infrequently so there are very few, and 99.99% of my wealth from stock trading came from the long side. But I did short $RTX today. Looks very heavy under the 200-day line. Chart broke down and stock can't rally. Looks like it wants lower. As always, I use a stop loss and would not give this trade more than about 8% room on the upside. Shorts can have a tendency to run over the stops on short covering rallies. Generally speaking, I hate shorting.
Patience Beats Comparison: Your Trading Timeline Matters
One of the most important things you can do as a stock trader is to be patient with yourself and allow yourself time to grow. Not all flowers bloom at the same time, and not every journey unfolds on the...
Indices Pull Back; Trim Positions, Protect Gains
The major indices pulled back on Friday, with the NYSE registering a distribution day. Distribution now stands at four for the NYSE versus just one for the Nasdaq Composite, not at ominous levels. Even so, the market is beginning to...
Nasdaq's 16% Gain Fueled by Four Stocks
We are in a very concentrated environment. The Nasdaq 100 is up 16.2% year-to-date. Four stocks – Alphabet, Nvidia, Micron, and Intel – are responsible for 8.4% points, or 52.3% of the gains. With the market hitting all-time highs, only...
Self‑directed Investing Beats Trusting Friends with Money
There have only been a couple of times in my life when I entrusted others to manage my money—mostly early on, when I was inexperienced looking for guidance and looking for someone to get me rich. In hindsight, I’m actually...
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Honestly, what more can I say? I’ve been a member for 30 years. Limited-time offer: Save $125 TRY 30 DAYS FOR $24.95 The future of charting has arrived and has everything you need to trade like a pro. If you want to trade...
All‑time Highs Meet Bearish Sentiment: Classic Lockout Rally
Stocks are pushing to all-time highs while sentiment is getting more bearish—bulls down, bears up. That’s a sign of disbelief. Investors are fighting the rally, which is a classic Lockout Rally condition. https://t.co/7NiHKuPACd https://t.co/LJ8u8etwnj
Sold MU at Peak; Expect Sharp Short‑term Pullback
I sold my $MU nto strength. This price move is getting climactic. Short term the stock is becoming prone to a sharp pullback. https://t.co/7NiHKuPACd
Crowded Markets Mute Breakouts; Preserve Capital for True Moves
When breakouts fail to gain traction, it’s often a signal that the market is crowded and retail activity is elevated. This helps explain why the vast majority of significant stock advances begin out of corrections and bear markets—periods that effectively...
Cautious Play Amid Strong Setups and Geopolitical Uncertainty
A meaningful number of setups have emerged from constructive bases, yet recent breakouts have been accompanied by an elevated rate of pivot sloppiness—an indication that follow-through remains inconsistent. The sharp rise in oil prices underscores a lack of progress on the...
Every Day Counts: Small Steps Toward Your Dream
I can't remember one single day in the past 40 years that I didn't move at least a tiny bit closer in the direction of my dream. What did you do today to get you closer to your dream?
Forgiveness, Gratitude, Love Release You From Bitterness
If you are living an angry life, feeling like a victim, and you think you are hurting or spitting others by being unkind or apathetic, you are only depriving yourself of the fullness of life and you are living a...
Extended Leaders Signal Near-Term Pressure
With many leaders extended and fresh distribution in the major indexes, odds favor near-term pressure and consolidation. https://t.co/7NiHKuQ8rL
Change Happens Instantly When You Shift Your Belief
If you want real lasting change, the first thing you need to change is your limiting belief that change needs to take time and lots of work.. because it doesn't. It takes a change in perception and a...
One $29 Book Could Transform Your Life
With the right inspiration, change can happen in an instant. In my life, I have found the best reward to risk bets I've made are in books written by those who have succeeded. Is it worth $29 to possibly change...