CPA JOSS

There is no auto-pilot for the successful trader because trading is the ultimate decision making game. As with most professions that rely heavily on cognitive abilities and mental clarity, we must do everything we can as traders to simplify the process of trading. Overly complex trading systems do not meaningfully improve results because they Lead to poor decision making due to information

The best thieves never get caught.  Let's talk about how they do it . . . yeah, I know what you are thinking:  WTF does this have to do with trading?  Bear with me. The best thieves make it easy for themselves. If they come across a house with a "beware of dog sign", they move on to the next house. If a car door is locked, they'll move on and quickly find the car that is unlocked.

The Biotechnology ETF IBB had gone parabolic and sold off on Friday and continued with a hard pullback to the 50 day moving average. Yesterday we went long at the close. Why did we go long on a stock that sold off so hard? A few days ago we talked about not fearing pullbacks. Here, the stock was testing the 50 day moving average and stochastics were extremely oversold under 20. This is a low

Today's swing trade stock chart of the day is CYBR. Cyber security stocks have been on fire since early February. When stocks go parabolic like CYBR, it is often tough to find a good entry level. Now the stock has pulled back to the 50 day moving average giving us an entry that makes it easy to mange our risk. There are multiple ways to trade CYBR.  An entry here, with stop at $46 and target at

We have been talking a lot about risk management and how it relates to being a successful trader.  In fact, three of the first five trading quotes in the 100 trading quotes series related to risk management. This should clue you in on how important I believe risk management is to winning as a trader. My latest BOW winning trade, SHAK, is a great example of applying risk management. A range had

MNST broke out on heavy volume a few weeks ago and has been forming a nice post breakout base ever since. This consolidation sets it up for a leg higher and a "trading the post breakout range" setup. Look to enter either 1) on pullback to bottom of the range or 2) breakout of the top of the range. If you would like to learn more about how I trade, receive my nightly focus list with market

In a perfect world you as a swing trader would never look in the rear view mirror, would always be in the now and have a crystal ball that pointed you in the right direction. If it were only that easy. In reality, many of us can't let the past go, let the present slip by and fear the future. 1. My Story Let me tell you a personal story. When I first started trading over 15 years ago, I

I forbid any trader I am working with to set this type of trading goal: "I plan to make xxx dollars per month." This is a common goal that almost every trader has made at one time or another in their trading careers. So why should you avoid this goal like the plague? First, if you have a set dollar amount to make per day, week or month, you will more than likely execute trades you should not

The greatest boxer of our time can't punch worth a lick. So why is Floyd Mayweather one of the greatest boxers of all time? It is because he is a defensive prodigy. He protects himself. The man is a risk management wizard. Even the most aggressive leaders understand that you can not go haphazardly into battle with your guns blazing. Before going on the offensive, you must protect yourself.

Bruce Lee Statue Hong Kong "This is not a trader's market!"  If you have spent anytime listening to media pundits or traders on social media, you will often find them bashing the market.  They complain about choppy markets, trending markets, overbought markets, oversold markets, stop gunning, unpredictability . . . the list goes on and on.  Heck, I have complained about these negative

The first quote in the "100 trading quotes to put into action and change your life series" speaks to a specific trader type.  When thinking about risk, we often think of the trader who is impulsive, trigger happy and position sizes much too aggressively.  However, there is another type of risk of which former Indian Prime Minister Jawaharlal Nehru spoke: The policy of being too cautious is

Everybody loves stock trading quotes.  However, for most they are huge time wasters.  Why would someone like me, who posts a quote on Twitter almost every day, say something like that? It is because most of us read them, think about the meaning for a few seconds, nod and maybe even save the quote, but then forget about it and *never put the message to action*.  What is the point if you're

Salvador Dali Have no fear of perfection, you will never reach it - Salvador Dali  As swing traders we all know that a market pullback is our friend. If we go back and look at any market index chart, we will see that the best time to enter the market was on a pullback after and extended run. Take a look at this short one minute video that illustrates the power of doing nothing more than

Recently my husband and I had the privilege of staging and selling this lovely home... My husband is a Realtor and I am his stager. I love being a team! We helped this homeowner through the steps of selling and they got a contract in 5 days! BEFORE After some decluttering and packing by the homeowner, the room invites you in. AFTER It's miraculous what editing a room does for MLS photos! BEFORE AFTER BEFORE AFTER The mantel was left uncovered to highlight the molding and the height of it. Several subtle changes in here, can you spot them? BEFORE AFTER If you noticed, the dining room chandelier and kitchen knobs both got spray painted in Rustoleum's Oil Rubbed Bronze Paint and Primer. Some barstools were added to the breakfast bar and the "littles" were removed. BEFORE AFTER This master bedroom room just needed some better lighting and a bedskirt. BEFORE AFTER BEFORE AFTER Less is more. BEFORE See what I mean? AFTER Online, one couldn't tell what this room was supp

Yesterday I listened to a fascinating Tim Ferris's interview with Arnold Schwarzenegger.  Ferris was able to bring out the best in Arnold, who went deep into the psychological aspects of competition and basically everything he has achieved in his life.  From escaping poverty in Austria, becoming the greatest bodybuilder of all-time, creating a real estate empire even before becoming a