Hey Market Pilots, Sometimes in trading, a few days can make your whole year. In my case, and the Moxie Traders, it was only nine days. Those nine days provided me with +56%, +46%, and +38% account growth using only stocks. These are the kinds of returns that options traders look for, but I’m over … Read more
Hey Market Pilots, In trading, we never know what the next trade will lead to because we simply don’t know the future. All we can do is take the setups we recognize and follow our rules. Last week I wrote about how the markets were shifting and setting up for perfect trading potential. This week, … Read more
Hey Market Pilots, The other week I wrote “Not My Trade” which was detailing how there can be moves in the market, but because they don’t set up the way I want, I skip them. This can be difficult because we feel like we are missing out, but if you trade long enough you realize … Read more
Hey Market Pilots, Early this week, Pfizer came out with news that their vaccine trials demonstrated a 90% efficacy rate. On the surface, this is great news and the market reacted in kind, with massive gap ups in sectors that need a vaccine in order to get back to business as usual. On the flip … Read more
Hey Market Pilots, “Not my trade” is a phrase I use fairly often when Moxie Subscribers ask me about stocks that have moved and why I didn’t go in. First off, there are thousands of tickers out there all moving in their own way and I can only trade about 10 of them at a … Read more
Hey Market Pilots, So we finally had the 2020 election on Tuesday, but now it’s Thursday and we don’t have an answer. I believe this was of no surprise to the vast majority of us, as we knew this year’s election was going to be just another crazy thing to add to the list of … Read more
Hey Market Pilots, On Friday we saw traders head for the exits as it appears nobody wanted to be invested over the weekend going into the election. We saw the market top on October 13th, but I was looking to see how well price might hold up as it was coming into support of a … Read more
Hey Market Pilots, The market continues to be dragged down by several cross-currents of events and information. We have the election, earnings, COVID, and lack of Stimulus. All these items are making people not want to put money to work in the markets and therefore prices keep sliding. In previous newsletters I had been viewing … Read more
Hey Market Pilots, Trading is tricky. If it weren’t, then it wouldn’t be so difficult to extract wealth from the market. But this is the reality of the market and we have to accept it and figure out ways around it. Part of that acceptance is to balance the risk of losing money with conviction … Read more
Hey Market Pilots, I am starting to see a common pattern arise out there in the market which is generally bullish, but it can also hold for a long time before it finally takes off. Many tickers out there did an amazing job running up in early October, and I view this as a great … Read more