Dennis Wilborn talks about how a trader’s attitude about being “rich” can affect their performance in the stock market. Dennis prefers the word “wealthy” to “rich.” He suggests being rich is temporary, but being wealthy means you can leave a legacy that can last for generations.
The big headline is that the Fed cut interest rates by .5%. For self-guided independent traders, that news isn’t important — what’s important is how the market reacts to the news. As a presidential election looms, and the Middle East seems poised for a larger regional war, there is likely to be a lot of…
John Frost is keeping a model portfolio to test the A.M.P.D. strategy. John talks about using prospective stops to defend against big losses, to lock in gains, and to try to stay in “profit land.” John also discusses the indicators he uses to measure market conditions and explains how he uses A.M.P.D. to decide when…
Sellers showed up yesterday (9/3/2024), and if we weren’t convinced the recent rally attempt had failed last week, we are today. The model portfolio stopped out of a few positions. Here’s a little mid-week update. (Charts courtesy of StockCharts.com). Market Conditions – Red Light We’ve been following the $QQQ as the leading index. It led…