How Struggling Traders are Attacking the Current Market

Sometimes we get lost in the need for money.

Sometimes we need a friend to wake us up…

Trading for a Living Versus Earning a Paycheck

Trading is not punching a clock for a 9-5 paycheck.

We chose to be in charge.

We made a decision to go for the big bucks.

Now we need to make the decision to run our trading like a real entrepreneur.

There will be days our store is slow.

Get used to it, be a responsible money manager.

Slow down.

Be patient.

Every day is not busy.

When the market is obvious, then we can be aggressive

Friday’s Heat Map

struggling traders

┬áToday’s Heat Map (Monday)

struggling traders

Great traders adapt to the market.

They don’t force the market to produce what isn’t there.

Forcing trades results in one thing.

A lighter trading account.

Struggling traders are adding to positions and giving losers too much room.

Pay attention and keep a good trading journal.

The back-and-forth we are having is a lesson.

How much that lesson costs is up to you…

Have you reserved your spot for our new Pre Market Game Plan meetings?

Join us here, we plan to discuss this topic and much more.

All the Best,

Pete

IBM in Play
struggling traders
Earnings and a significant price level have put IBM on my watch list.

IBM beats on earnings, but the stock is flat after a brief blip

IBM just reported earnings, and it’s a big beat on earnings with a slight shortfall on revenue. The company’s revenue has now declined for 12 straight quarters.

Here are the big numbers:

  • $19.59 billion in revenue, versus $19.73 billion expected.
  • Non-GAAP EPS of $2.91 versus expectations of $2.82.
  • Non-GAAP net income of $2.9 billion, up 4% from last year.

Click to read more IBM Earnings on businessinsider.com

What Investors Should Expect From IBM’s Quarterly Results Today

International Business Machines Corp. (NYSE: IBM) is scheduled to report its quarterly earnings following the closing bell on Monday.

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