Price of Oil: Hovering below the $50 level the price of WTI crude, the American benchmark, has been cut in more than half since the highs of $107 reached in June 2014. It is now in a price range not yet seen since the depths of the 2009 recession, coming after a precipitous fall paralleling… Read More »
Here are the Ten Facts One Should Know before Starting to Trade 1. There is no single trading system or philosophy that is right for everyone. There are successful traders out there who mostly use fundamental analysis, while there are others who use only technical analysis or a combination of them both. 2. You should… Read More »
Facebook’s Valuation : This week marks the six year anniversary of the bull market in US stocks and six months since Facebook passed $200 Billion in market capitalization. While the Nasdaq has increased in value a little bit over three times during these six years, Facebook capitalization has gone up some twenty times over the same… Read More »
Six Years of Bull Market for US Stock – This past Friday marked the six-year anniversary of the bottom in US stock market as represented by the popular S&P500 and DJIA indexes. It is surprising when we realize how far they’ve come since Friday, March 6th, 2009. That day, which just like yesterday, was a… Read More »
Stanley Kroll was a legendary commodity trader. After ten years as a broker, he decided to become a money manager for his and a few partners’ accounts in the early 1970s. He then succeeded in having a few years with triple and even four-digit annualized returns before taking a five-year sabbatical to travel around the… Read More »
This post was triggered by an article on Tradeciety: Why Being a Lazy Trader Will Make You Profitable. I wrote a reasoned comment at that time but here we are two months later and it still hasn’t been published. That makes me wonder why would you put a comment form in the first place if… Read More »
This post was inspired by an email exchange I had over the weekend with a reader of my site who, in his own words, is ‘an absolute beginner’. He was surprised when I told him that even experienced traders can have negative years. So it lead me to think about this common misconception that most… Read More »