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How to Make Money Trading Part Time – Workshop

February 22, 2011 by 3 Comments

I want to thank everyone that attended my workshop at The Traders Expo New York:
How to Make Money Trading Part Time

The turnout was fantastic as it appeared to be standing room only within the first 10 minutes of the workshop. I discussed profitable techniques of how to build a successful stock watch list using quality fundamental and technical screening methods in your spare time. Case studies in the form of chart examples were studied interactively to identify and teach how to spot major market trends and successfully trade watch list candidates, both long and short. We discussed how to trade in situations when the odds are in our favor by properly employing risk management strategies such as position sizing.

It was explained that this method exclusively uses after market data which allows you to focus on your career, family, and friends or anything else but a computer during the typical working day. A half hour per night or a few hours on the weekend is all you need to consistently grow your wealth using these techniques.

Workshop slides can be found through this link in PDF format (please note that the case studies won’t work properly in static PDF format – the PDF is not interactive):
How-to-Make-Money-Trading-Part-Time

For Questions, e-mail me at:

In the coming days and weeks, I will be posting the individual slides from this workshop while expanding on the lessons from each.

Until then, review these posts for some of the topics that I will expand upon:

I look forward to the next workshop, thank you again!

Filed Under: Education

Ten Must Read Stock Market Books for 2011

December 30, 2010 by 4 Comments

I highly suggest that all new “traders” begin with William O’Neil’s book based on the CANSLIM acronym.

1. How to Make Money in Stocks (4th edition) by William J. O’Neil (1988)
2. Reminiscences of a Stock Operator by Edwin Lefevre (1923)
3. The Nature of Risk by Justin Mamis (1991)
4. Trader Vic: Methods of a Wall Street Master by Victor Sperandeo (1991)
5. Trade Your Way to Financial Freedom by Van K. Tharp (1999)
6. The Battle for Investment Survival by Gerald M. Loeb (1935)
7. Martin Zweig’s Winning on Wall Street by Martin Zweig (1986)
8. How to Trade in Stocks by Jesse Livermore (1940)
9. Market Wizards: Interviews with Top Traders by Jack D. Schwager (1988)
10. When to Sell: Inside Strategies for Stock-Market Profits by Justin Mamis (1994)

**Original copyright dates are listed even though many of the books linked are later editions**

Filed Under: Books

Future Stars: Stocks to Watch in 2011 – Update

December 18, 2010 by 1 Comment

It’s only one week since my post Future Stars: The IPO Holiday Gift List for 2011 so we can’t get ahead of ourselves but the list of 18 IPO’s from last week saw some wild swings, both up and down. Overall, the majority of the stocks moved up or down only a few percent, on average.

Recap:
11 of the 18 stocks are up an average of 7%
6 of the 18 stocks are down an average of 6%
1 of the 18 stocks is virtually unchanged

MCP was the biggest gainer with a 22% surge while MOTR dropped the most at 15%.

Future Stars: Top Performers (1-week update):

  • MCP – 38.26, Molycorp was up 22% over the past week on the largest volume in nearly two months. I said this: “The current consolidation is ideal to shake out weak holders and allow new supports to jump on board.” Now, let’s see if MCP can blast to new highs (it’s an important test).
  • QLIK – 26.14, Qlik Technologies was up nearly 12% on above average volume. As mentioned last week: “A move to new highs would be positive for grabbing shares.” A move to $28 or above would be very positive.

Future Stars: Bottom Performers (1-week update):

  • MOTR – 20.00, Motricity dropped 15% last week on the largest weekly volume since it’s debut. I noted last week: “is consolidating back to its 50-d moving average”. The stock dropped hard Wednesday but reversed from it’s low and closed the week higher. It’s still a longer term opportunity. The key here is to reestablish trading above the 50-d m.a.
  • ONE – 20.71, Higher One Holdings dropped 11.20% on above average volume but it stopped at the 50-d m.a. As mentioned last week: “Solid support is down near the $16 area with moving average support at the 50-d (just above $18).” Now is the time to buy shares if it holds support above $16-$18.
  • KH – 18.20, China Kanghui dropped more than 11% on heavy volume as many Chinese stocks continue to get hit hard. The stock is currently trading at its support level so its key to hold above the $17.50 area.
Filed Under: IPO, Technical Analysis

Future Stars: The IPO Holiday Gift List for 2011

December 13, 2010 by 2 Comments

The past year has been very kind to IPO’s, the young growth stocks that will typically lead the market for years to come. With the NASDAQ up more than 90% since the March 2009 low, many have predicted time after time that it is far too extended to move higher. I have been one of those people, one that has been consistently watching for the possible Dow Theory Reversal (1-2-3 Setup). It hasn’t happened to date and the latest attempt to stall at resistance has actually propelled the tech laden index to move to new highs. The trend in higher until the charts tell us otherwise and always remember what Livermore said:

“Just because a stock is selling at a high price does not mean it won’t go higher” – this applies to markets as well.

Whatever the market will do in 2011, I decided it was prudent to point out a number of strong growth stocks, young companies that have debuted within the past year (many within the past six months). This is NOT a buy list but it is definitely a watch-list for anyone that searches to buy young, innovative companies that are growing both earnings and sales. Several, if not many, of the stocks listed below will lead the market from time to time over the next few years, A couple of them may even become household names, similar to the GOOG, BIDU and AAPL’s of the past.

As it stands right now, Sunday (night), December 12, 2010, the major market indexes are all trending higher in the short, intermediate and long term phases. Until that changes, grab shares at ideal low risk entry points. Enjoy the possible future leaders.

Future Stars: Young Growth Stocks to Watch in 2011 and beyond:
*All charts are listed below*

  • HSFT – 27.46, only five months young, HiSoft Technology has currently pulled back to the 50-d moving average line, providing some support for a new entry or an opportunity to add shares.
  • MOTR – 23.55, after a three-fold run from it’s IPO price, Motricity is consolidating back to its 50-d moving average for an opportunity to add shares or enter for the first time
  • RP – 28.83, RealPage is forming a short term base that resembles a subtle cup with support above the 50-d moving average. A breakout to new highs will continue the up-trend.
  • QLIK – 23.40, Qlik Technologies is has been trading mostly sideways over the past three months after nearly tripling from it’s IPO launch. A move to new highs would be positive for grabbing shares.
  • MCP – 31.28, Molycorp is trying to maintain support at the 50-d m.a. after running from $14 to a high above $40 per share. The current consolidation is ideal to shake out weak holders and allow new supporters to jump on board.
  • TSLA – 31.52, Tesla Motors has been all the rage in the automotive world over the past several months, partly due to it’s stock run from $17 to more than $36 in a few short months. A bit extended here but further consolidation to the 50-d m.a. will offer new opportunities to grab shares.
  • KH – 20.48, some of my longer standing readers know I have had a long love affair with Chinese IPO stocks dating back to 2007 (BIDU, EDU, MR). China Kanghui looks like another solid young growth stock – always grab shares at or near a support level like a major moving average. Note this: other young Chinese stocks are starting to show sings of a breakdown so be careful.
  • VRA – 36.41, Vera Bradley makes my list because I know and understand this company, one of her bags was a recent gift to my wife. If VRA can be anything like Coach (COH), I’d love to jump on the ride now, nice and early. We can all dream for a ride like COH, extending back much of the past decade.

    • [Read more…]

Filed Under: IPO, Stocks, Technical Analysis

How to Make Money Trading Part-Time

November 1, 2010 by 7 Comments

Join me on Friday, November 19, 2010 at 8:00am at the Las Vegas Traders Expo.

It’s my first ever public workshop and it’s 100% free. I will be discussing topics covered on this blog over the past five years.

The workshop will allow traders to learn profitable techniques of how to build a successful stock watch list using quality fundamental and technical screening methods in your spare time. In this workshop, chart examples will be studied to identify and teach you how to spot major market trends and successfully trade your watch list candidates, both long and short.

Traders will be prepared to trade in situations when the odds are in their favor by properly employing risk management strategies such as position sizing. This method exclusively uses after market data which allows you to focus on your career, family and friends or anything else but a computer during the typical working day. A half hour per night or a few hours on the weekend is all you need to consistently grow your wealth using these techniques.

The workshop will cover exactly what I do: trade part time while working a full time career.

See these posts for some of the topics I will discuss in an open Q&A session:

Register FREE today:
Please come join me at the Las Vegas Traders Expo
Workshop details

Filed Under: Education
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