Here are two primary ways to find and own monster stocks: 1) Identify Shared Characteristics Before you can find the next monster stock, it is important to understand the broader concept of what characteristics most monster stocks share before their explosive moves. Let’s look at Starbucks for example. The idea is to find and own…
Stocks Race Higher As Earnings Season Kicks In Stocks soared last week. Hope of a tax cut was renewed. The vast majority of earnings (that were announced) beat estimates. The market went from being extended to being VERY extended! Buyers continued to show up and aggressively accumulate stocks. From any normal perspective, the market is…
Profits are a function of time. By definition, any trade that is exited with a profit requires a certain element of time. The problem is that most people have a natural tendency to seek immediate gratification at the expense of long-term gratification. That is why most people lose money on Wall Street. Think about a…
Contrary to most people, I am not glued to my screen all day and do not read every headline that crosses the wire. Instead, I prefer to only read one headline… The MARKET. I make my best decisions when the markets are closed, typically nights or the weekend. This process allows me to remove my emotions from the decision-making…