We have all heard the phrase, "the trend is your friend" and as traders we also know just how amazing profitable it can be trading alongside it as well as how devastating it can be to out accounts when we trade against it. But before we are truly able to spot likely trend reversals, we must be able to spot a trend itself.Read More
This could open the floodgates of opportunity in marijuana stocks.
In late June 2018, the Canadian Senate overwhelmingly passed Bill C-45, also known as the Cannabis Act, which legalized the use of recreational marijuana. While it’ll now take Canadian provinces another eight to 12 weeks to prepare for likely demand, the support opened a sizable market for the country.Read More
I love when traders tell me technical analysis doesn’t work.
While they’re entitled to be wrong, the fact remains that technical analysis does work, sometimes by up to 80% of the time. Granted, there is no Holy Grail, but if we use the right indicators, we increase our odds of success. Especially if we apply those indicators to well known stocks that may only be down temporarily.Read More
The artificial intelligence (AI) revolution is quickly emerging.
And it’s likely to change the world, as we know it.
The automotive industry is applying the technology with driverless cars.Read More
One of the best ways to make money on the Street is by spotting excessive bouts of fear and greed.
In fact, that’s how some of the most famous investors made their money.
In short, they were buying when others were scared, and selling when others got too greedy. They were exploiting the very psychology of herd mentality.
And we can do much of the same.Read More