I have been dazzled by DWTI’s apparent invulnerabillity to time decay ever since I’ve started trading it. Since it’s a triple leveraged ETF product (meaning it seeks to go up 3% for every 1% ), it HAS to go down on average. In other words, this product should slowly see its value erode through time. […]
Please completely disregard my last text on technical analysis. Technical Analysis is perfect. I was wrong. Proof? The following hate mail. Now, very rarely do I receive an e-mail that I consider a masterpiece, but this one is just too good to pass: You’re an idiot. I can’t believe someone would be stupid enough to write […]
In order to make my stream more interesting, I present to you the list of the following achievements. Each achievement comes with its number of points attached to it. Achieving achievements earns achievements points which unlock rewards for the viewers. The rewards are: Points needed Reward’s name Reward Description 10,000 Stocks 101 Free class on […]
As I am typing this, I about 30 minutes from beginning my daytrading livestream on Youtube. I thought I would take a few minutes to present Ten Fundamental Rules of Daytrading. As those rules were passed down to me by The Masters, I am now passing them onto you. Those rules are what I consider […]
Before I go on, let me explain what “technical analysis” is for me. Technical analysis is the art of looking at this graph and thinking: “THIS ONE IS GOING UP TO SKY, BABY!!!” Or looking at this: And thinking, “THE MARKET IS GOING TO CRASH.” I like how they added “analysis” to “technical analysis” as […]
I finally discovered how to make money with almost 0 risk: shorting NYSEARCA:VXX. One small caveat before I start: the managers were kind of smart and put an expiration date to their scam. Therefore, it will not hit “zero, zero,” but rather a number close to it. It already did quite a few reverse splits to […]
Everytime someone tells me oil will absolutely keep falling, I ask the exact same question: “So, then, you are shorting oil, right?” … and every timeI get the same answer. “No.” Why not? If you are absolutely sure oil will keep falling, why aren’t you taking the free money by shorting oil? In other […]
I read Carl Icahn’s most recent letter about Apple with much interest. I admit I was at first shocked by his conclusion that Apple was worth $240 a share. If Apple goes over $200 in the coming year, I will be so rich I will actually be able to afford an iPhone 6… Plus! Nevertheless, […]
The rise of the US Dollar creates an incredible opportunity to invest in foreign markets. While nobody knows for sure just how strong the US Dollar will get (it currently sits at $0.82 USD=$1 CAD and it used to be at $0.60 USD=$1 CAD around a decade ago), I do believe now is a great time to […]
SO some market manipulators have managed to push Alibaba down below $80. “Alibaba is a scam! Alibaba is over! It’s going to crash!” I laughed it hard as they tried to give a negative spin to every single piece of news they could find. “Alibaba is acquiring too many companies!” “Alibaba is selling too many things […]
