Week-In-Review: Another Volatile Week On Wall Street

Another Volatile Week On Wall Street:

It was another volatile week on Wall Street as investors digested a slew of earnings and the latest round of economic data. The market was quiet on Monday, then rallied 500 points on Tuesday, fell 300 points at Wednesday’s open, rallied back to close down 91 points. Then, Thursday was a big down day and it jumped 200 points on Friday’s open before the Nasdaq fell into negative territory. Remember, in a normal healthy bull market (Feb 2016-Feb 2018 as the most recent example- or just about any other healthy run in the past) we do not typically see large bouts of volatility. Instead, large swings typically show up in sideways or down markets. It is important to note that it is not just this week where we have seen a jump in volatility, it’s been happening all year. Typically, that is not “healthy” action. It is also disconcerting to see the Russell 2000 give up most of its gains for the year. That doesn’t mean the market can’t rally from here, because it definitely can, it only means that until the major indices get back above resistance (their respective 50 DMA lines) – we have to expect more sloppy action to continue -for now. On the downside, major support is the 200 DMA line and then Feb’s low. Until either support or resistance are breached, by definition, we have to expect more sideways/sloppy action.

Monday-Wednesday Action:

Stocks ended mixed on Monday as investors digested the prior week’s shellacking. The small-cap Russell 2000 ended slightly higher while the Dow, Nasdaq, and S&P 500 fell. Separately, Sears filed for bankruptcy protection as the retailer continues to struggle to make any traction. In other news, Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney said the U.S. budget deficit jumped by 17% as spending rose. The deficit climbed to $779 billion which is $113 billion higher than the previous year. On Tuesday, stocks soared after the latest round of earnings were released. Goldman Sachs and BlackRock were some of the large banks that helped the market rally on Tuesday. Technically, the bulls showed up and defended the longer term 200 DMA line which has served as important support for most of 2018. After the bell, Netflix reported earnings and gapped up as the number of subscribers soared. On Wednesday, the Dow fell 300 points at the open ahead of the Fed minutes. Buyers showed up shortly after the open and erased most of the day’s decline. Then, at 2pm EST, the Fed released the minutes of its latest meeting and basically said it will continue raising rates for the foreseeable future. Stocks ended the day lower.

 

Thursday & Friday Action:

Stocks fell hard on Thursday as sellers showed up and erased most of Wednesday’s big gain. The inability for the market to bounce – even from these deeply oversold levels tells you how weak the market is right now. Strength is being sold and that is not a good sign. Stocks ended mixed on Friday after China said it’s economy grew by 6.5%, missing estimates for a 6.6% gain. The Shanghai Composite which is technically in a bear market- because it fell over 30% since January. The Shanghai Composite rallied nearly 3% on Friday because weaker than expected GDP number means more stimulus will likely come from Beijing. 

Market Outlook: Pullback Time

At the end of September, I noted that the Russell 2000 broke below important support and said it should be watched closely. One week later, we saw a big sell-off on Wall Street as rates spiked. The next big level of support is the 200 DMA line and then February’s low. The Dow and Nasdaq are trading near their 200 DMA lines. The bulls want to see that level hold. After that the big level to watch is Feb’s low. As always, keep your losses small and never argue with the tape.

Bear Bull 2

Week-In-Review: Biggest Weekly Decline Since February

Biggest Weekly Decline Since February

Stocks were smacked last week as fear spread that the Federal Reserve will tighten rates faster than initially expected. I urge people to be careful and not blindly follow the public narrative all the time. The current narrative on Wall Street is that stocks fell because rates are rising – but that is not a direct correlation. For example, the $TNX, which is the yield on the 10-year, actually fell last week as stocks were smacked. The prior week, the TNX rallied as stocks fell. Stepping back, it is important to note that we are in an aging bull market and we all know it is just a matter of time until the next bear market hits. Additionally, we know that volatility tends to spike in the latter stages of a bull market and during a bear market. For now, the big level of support to watch is February’s low. If the major indices break that level then odds favor lower prices will follow. Until then, we have to expect more sideways to higher price. Going forward, the market is very oversold and due to bounce as we enter earnings season. 

Monday-Wednesday Action:

Stocks opened lower on Monday as rates continued moving higher. But the bulls showed up mid-day and helped stop the losses. The small-cap Russell 2000 which has been leading the other indices – up and down- all year bounced off important support (the 200 day moving average line) and then the other indices turned higher. In other news, Alphabet, Google’s parent company, said it was hacked and lost exposed information for up to 500,000 users. Separately, shares of Square Inc. fell hard after a report was released that said the company was exposed to a “credit risk.” Stocks ended mixed on Tuesday after the IMF lowered its forecast for global economic growth and investors digested a few tough down days on Wall Street. Once again growth stocks were under pressure as investors waited for the next bullish catalyst to emerge. On Wednesday, the Dow fell over 800 points and the small-cap Russell 2000 broke below its 200 DMA line. In that past, that line has served as important near term support and the bulls were hoping it would serve as support again.

Thursday & Friday Action:

Stocks fell hard on Thursday as the market continued to fall and buyers were no where to be found. In the morning the market tried to bounce but sellers showed up in the afternoon and sent stocks sharply lower. It is a weak sign to see the market open higher and close lower. Stocks opened higher on Friday as the market tried to bounce from deeply oversold levels. The key now is to analyze the health of the bounce and see how the market reacts to earnings season over the next few weeks. 

Market Outlook: Pullback Time

At the end of September, I noted that the Russell 2000 broke below important support and said it should be watched closely. One week later, we saw a big sell-off on Wall Street as rates spiked. The next big level of support is the 200 DMA line and then February’s low. The Dow and Nasdaq are trading near their 200 DMA lines. The bulls want to see that level hold. After that the big level to watch is Feb’s low. As always, keep your losses small and never argue with the tape.

Beth Marconi

Interview with Beth Marconi

Beth MarconiBeth Marconi is the Founder and CEO of LEVitrade, a program designed to help traders overcome the psychological and environmental barriers to trading successfully.   She has been trading stocks successfully full time for the past 7+years, generating positive returns and consistently outperforming the major indexes.

Beth developed LEVitrade to help traders elevate their performance but doesn’t do it with providing a new strategy or method. She does it by helping them remove the barriers that she has found hinders 9 out of 10 individuals who attempt to trade stocks from being successful. To be in a position to trade successfully, Beth has found that there are 3 key areas where one must find harmony: Lifestyle, Environment and Vision.

You may recall that I worked with Beth and her LEVitrade program (read my blog post about it here). She promised to keep in touch as she does with all her clients, checking in with me every so often to make sure I’m staying on track with her RoadMap or just to talk stocks!

What follows is a discussion on the ins and outs of LEVItrade and how it came to be, trading, and what all conversations usually end up being about, life.

[su_horizontal_ads]

 

Mike: Let’s dive right in, can you tell us more about LEVitrade, what it is, and why you created it?

Beth: It started with me evaluating what it was about my lifestyle over the years that had allowed me to beat the odds as a trader.  However, and probably more importantly, I was reaching a point where I knew I wanted “more.”  This led me to design a platform where I am able to share my experience and knowledge in working with others who are looking to successfully manage a potential shift in their life, either personally or professionally.  You can relate.  Even though you hold a full time position that you value, the draw to help others achieve an understanding of the markets led you to launch CYT on the side.

Mike: Yes, CYT has been very rewarding for me and hopefully for my readers as well.  However, as you know, while CYT was ramping up I let my health take a back seat which led to a major wake up call.

 

Mike: When we agreed to work together I thought it was going to be all about my diet and exercise but it turns out it had more to do with organizing my time so I could better manage my stress.

Beth: Yes … most people would be surprised if they knew the extent to which the state of our mind effects the choices we make on a day to day basis.

Mike: Can you tell us how you discovered that the road blocks most people face have less to do with trading strategy or smarts and more to do with lifestyle, environment, and vision as you have based your program on?

Beth: Sure. Over the years, I have stuck to my plan of studying, analyzing and strategizing when it comes to trading. I’m a very analytical person and love to read, stay up on world events … so this process has always been something I enjoy and is what keeps me engaged in the trade. Yes, I love to make money, but if I’m not engaged in the process it would not be worth it to me. I value my time too much. So, after looking over my performance and noticing blips of time where my performance was not up to par, they all seemed to occur in time frames when my personal life was “off’ for one reason or another. It didn’t matter if we were in an uptrend or correction, my performance was reflecting how I felt about what was going on inside “me.”

 

Mike: How did you overcome it and how long did it take you to overcome it?

Beth: Ha!  This is an ongoing process, I believe, for all of us but having a vision of what I want for myself and my loved ones has been the key.  This is a process I have been refining over many years but I would say in the past 3+ years I have reached a place where I am “comfortable” in my own skin and know what it is I want and don’t want, which provides a “compass,” if you will and this is what I hope to be able to help others incorporate into their lives both personally and professionally.

 

Mike: What would you say had the biggest negative impact on your trading?

Beth: I would say the biggest impact on my trading that I needed to examine was letting my ego get in the way. This usually would occur if something else in my life was not in balance lending to my wanting to “make up for it” in a trade.  NOT a good idea!

 

Mike: What is the toughest thing you have faced as a trader?

Beth: Again, ego — not taking a loss sooner than later.  When I’m feeling good about myself, you know, eating “right,” exercising and on top of my “to-do” list, aka having my life in order, this frees me up to focus on what’s in front of me, what is real and not what I am hoping for in order to make up for something else that may be lacking or missing.

 

Mike: So it sounds as though it is these external factors that have little to do with the market that were having a major impact on your decision making in the market. Are you able to share one of these experiences?

Beth: I would be more than happy to share with you and your readers the set backs I’ve had personally and how I dealt with them but I would prefer to do so in a one on one basis.  My initial call that I offer through LEVitrade is complementary so there is no upfront monetary commitment to do so.

 

Mike: What do you feel is unique about the LEVitrade program compared to other lifestyle coaching programs?

Beth: There are many wonderful coaches out there! I believe everyone needs a good mentor, whether you’re a trader, investor or entrepreneur. This will allow you to get to where you want to go faster. What I see as my differentiator is I can relate to this group (traders, investors, entrepreneurs) as I live this lifestyle and can empathize, show compassion and offer an educated vision for how to move forward.

 

Mike: Do you see yourself giving up trading to coach exclusively?

Beth: No … I love the markets but I’m sure there may be a lot of people out there who, like me, may be feeling the need for more in their life and would do something about it if they only had a plan.  Also, someone to mange their investments, to free up the time needed to pursue other interests.  This is where I think our two offerings are highly complementary. I hope to be in a position where I am so busy with LEVitrade that I will not only subscribe to your services for direction and to save time but turn over my portfolio to you and your team at 50 Park Capital to manage.

 

Mike: That would be wonderful on all fronts! What is the best way for our readers to contact you?

Beth: They can reach me here: beth@levitrade.com to ask any questions or setup a call.  All of my work I offer is customized. I won’t put anyone through a pre-fab type of program as this is not my style. I want this process to not only be effective, but to be fun!

 

Mike: Thanks Beth!  Always a pleasure speaking with you!

Beth: Likewise!

Interview with Adam Sarhan

Adam SarhanAdam Sarhan is a +20 year market veteran, a Forbes Contributor, and is regularly quoted on CNBC, Fox Business, the Wall Street Journal, BARRONs, and a host of others.  He is also the Founder & CEO of 50 Park Investments and as of late November 2015, a proud partner of ChartYourTrade!  

We finally had the opportunity to sit down with Adam and pick his brain.  In the following interview, we’ll get to know him, his trading style, as well as what he finds that works best in the market and what doesn’t work well at all.  

 

ChartYourTrade: Adam, you’ve been running FindLeadingStocks.com for over 10 years and have provided a model portfolio for your subscribers to follow.  The model portfolio has been consistently profitable year after year.  You provided all of the trades ahead of time each weekend with exact entry and exit points.  Mechanically speaking, this should make it extremely easy for someone to follow or mimic the portfolio trade for trade.  However, it still may be challenging for some traders to follow due to their own personal psychology or when emotions get involved.  Can you speak to the emotional aspects of trading and in particular, following someone else’s trades one for one? 

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”] This was created by design. It was something that I wanted to see in the marketplace and just wasn’t there. At the beginning of my journey, (remember, I’m a self-taught student of the market and know how it feels to want to “learn” about markets) – I wanted to follow other people and “learn” from these experts. Unfortunately, I couldn’t find anything “good” out there. So I created FindLeadingStocks.com because I know (first hand) the value of good/useful information. Most people in the is business want to make a few bucks and are not intellectually honest. I’ve built my business by helping people, putting my best foot forward at all times and the rest followed. Most people in this business give 50 -100 “recs” (short for recommendations) then go out there and cherry pick the top 5-10 stocks. That doesn’t do anyone any good. What about the 90-95% of stocks that blew up? They don’t care, they just want to post here are our top 5-10 winners – look at these BIG gains (and all the other tacky marketing that follows). I’m not like that. I created FindLeadingStocks.com which is a weekly service that helps you make better decisions. Each week, when the market’s are closed, FLS members get specific entry and exit points with an exact percent to risk from entry (long and short). This way there is never any Monday morning quarterbacking or he-said she said with the ideas. In addition, to the model portfolio we provide at least 10 new setups (long and short). This way members can see a realistic easy to use watch list and don’t have to spend countless hours scanning the market. If they like anything from the trade setups page they can initiate the positions on their own and they can see (we provide annotated charts) exactly what I see and am focused on each week. The idea behind FLS is to empower you to make better investment decisions. Not to sell you subscriptions with tacky marketing. In fact, one could fault me for not doing enough marketing. I prefer to work with intelligent people who want good/useful information. All we focus on are liquid quality institutional stocks in FLS. We do not cover penny stocks or look for a quick buck. [/su_testimonial]

ChartYourTrade: What are some of the key aspects you look at when sizing up the market? 

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]Price is king, everything else is second. We all make or lose money based on one thing: The difference between our entry and exit price. Nothing else. So when I size up the market each week- I want to see how the market is behaving. I like to ask, The market is speaking, Are you listening? [/su_testimonial]

ChartYourTrade: What are some of the major buy and sell signals you take and under what circumstances? 

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]99.9% of the time I like to be aligned with the broader trend. Remember there are only three things any asset class in the world can do (stock, bond, currency, commodity, real-estate etc): Go Up, Down, or Sideways. In uptrends I want to be long, downtrends I want to be short and I tend not to take heavy positions in sideways (choppy) periods. Then I look for early (advanced) entry points to align myself with the trend. [/su_testimonial]

ChartYourTrade: Who are some of your greatest trading influences and why?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]There are a few private people who do a fantastic job consistently taking money out of the market.  They do not want to be mentioned publicly.  Otherwise, the normal “legends” come to mind, people like Livermore, Paul Tudor Jones, Bruce Kovner, etc.  [/su_testimonial]

ChartYourTrade: For someone just starting out who is attempting to trade part-time with little or no experience, where would you recommend they start?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]Trade small. Very, very, very small until you prove that you can consistently make money. Many people think they have to have a lot of money to start trading. The reality is, knowing what to do (when to buy and sell) is FAR MORE IMPORTANT. Would you operate on someone or fly a jet without getting a proper education? Probably, not. Why would you start trading without a proper education? Yet, people do it all the time.[/su_testimonial]

ChartYourTrade: How long do you typically hold positions?  Days, weeks, months, longer?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]I’m not like most people on Wall Street. I let the market guide me and I do my best to remain flexible (and humble) at all times. That means, by design, the market dictates my holding period. I always keep my losses small and do my best to let my winners run. Therefore, there are times where my holding period is very short (if the market moves against me and triggers my protective pre-determined stop) and there are times where I hold a position for several months. It all depends on what the market giveth. In general, I do my best work in the intermediate term time frame (weekly-monthly) and look to capture the bulk of the move, not pick a top or bottom. [/su_testimonial]

ChartYourTrade: Why do you trade?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]Great Question. In short, because I love the game. It keeps me sharp and is intellectually stimulating.[/su_testimonial]

ChartYourTrade: What do you trade?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]I run two strategies: A Global Macro (futures) Strategy and a long/short U.S. Equity Strategy. [/su_testimonial]

ChartYourTrade: What do you like most about trading and why?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”] * I love the intellectual challenge and flexibility that comes with this business. Markets are constantly evolving and it is like one big puzzle to me. It’s my job to figure out how to put the pieces together. Some people like crosswords or Sudoku. I prefer markets. There’s an infinite number of opportunities in front of us each and every day. It’s our job to spot the opportunity and capitalize on it.  My 4-year-old daughter asked me the other day: Daddy, what do you do at work? I told her, I play a game and help people get smarter.  [/su_testimonial]

ChartYourTrade: What do you like least about trading and why?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]There’s nothing I don’t like about it. If anything, they should give us more days off.[/su_testimonial]

ChartYourTrade: What do you find most difficult or challenging about trading?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”] For the first 10 years or so on Wall Street I found the hardest thing to do was keep things simple and wasn’t sure how to get out of my own way. I’m very analytical by nature and tend to over think things. My moment of clarity came when I realized that markets are neutral and largely a reflection of you. Most of you know of fundamental and technical analysis but I realized something was missing. So I developed Psychological Analysis for investing and trading markets. In short, we are all free to do whatever we want in markets. There are no “rules” per se. My only rules are: It’s 1. legal 2. moral 3. ethical and 4. Has a positive bias (it’s profitable).  Outside of that, we are all free to do whatever we want. So it is our job to find an approach that works for you. [/su_testimonial]

ChartYourTrade: What do you find easiest about trading?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]That’s a very good question. The easiest thing for me to do is follow my rules.[/su_testimonial]

ChartYourTrade: Do you like to do your own research?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”] I love it. It’s one of my favorite parts of the week. Doing my research allows me to stay sharp and keep my finger on the market’s pulse. I do my research on the weekend when markets are closed (that helps me remove my emotions from the decision making process and set up a game plan for next week). Then, all I have to do is follow my plan. My strategy is conservative in nature and I place a very strong focus on risk management. It’s a dry subject but very important. [/su_testimonial]

 

ChartYourTrade: What sort of research tools do you use?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]I read a lot and have built several in-house tools. I’m in the process of building MarketTerminal.com which will allow people to use these tools and, more importantly, make better investment decisions by accessing better information. [/su_testimonial]

ChartYourTrade: What do you like in a research tool?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]The market is VERY fragmented and it blows my mind that in 2016 we still have to go to several sources to find basic information. For example, if you want to find the strongest performing IPO’s in the last 2 years where do you go to find that information? If you want to search for the fastest growing companies in the past quarter or the past year? You’d likely have to use another source. I want to aggregate and simplify all this information into an easy to use tool for people to use. [/su_testimonial]

ChartYourTrade: What would you want to see in a report built just for you?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]Intelligent and actionable ideas. I don’t like reports that are 50-100 pages of “fluff.”  Traditional research is 50-100 pages long but doesn’t help you make money. [/su_testimonial]

ChartYourTrade: How much trading experience do you have?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]More than I want to admit. Over 20 years, I bought my first stock as a young teenager and have been following markets ever since. [/su_testimonial]

ChartYourTrade: Are you interested in trading education?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]Extremely! I know that I don’t know. Actually, I tell people that’s one of my biggest strengths. Humans are born in ignorance and we all spend our lives learning new things.  All of us received an education at some point in time. And people for the rest of eternity will need to be educated on all subjects, especially financial topics.[/su_testimonial]

ChartYourTrade: What do you do? 

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]Like I told my daughter: I help people get smarter.  * In 2004, I founded Sarhan Capital which is an independent firm that offers three main services: 1. Asset Management –  2. Global Macro Strategy and Long/Short U.S. Equities 3.  Institutional Advisory Service:  * Actionable Ideas For Professional Investors: AnalyzeWallStreet.com * Research:  * Actionable Ideas For Individual Investors: FindLeadingStocks.com [/su_testimonial]

ChartYourTrade: Any last thoughts?

[su_testimonial name=”Adam Sarhan” photo=”https://chartyourtrade.com/wp-content/uploads/2016/02/TlWg3Wvm_400x400.jpeg” company=”Twitter: @AdamSarhan” url=”https://twitter.com/adamsarhan”]You can do it. I honestly believe that we can all make a fortune on Wall Street. It’s not easy, but it is possible. The key is to be open-minded and find an approach that works for you. I see too many people who are committed to an approach that just doesn’t work. They spent years (and thousands of dollars) learning a “system” and have every “rule” memorized but never make any money. Einstein’s definition of insanity is doing the same thing and expecting different results. Sometimes it’s important to hold yourself accountable (which is not easy by the way) and change your approach if your “system” is not yielding the results you want. You are in control. Use that power wisely. Finally, I like to say, “Always keep your losses small and never argue with the tape.” [/su_testimonial]

Thank you so much, Adam for taking the time out to speak with us and in such great detail!  

 

If you would like to learn more about Adam Advanced Stock Reports, click here.

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