Roller Coaster Ride Anyone?

What a wild ride the market had this past week. The $INDU was already trading below its 200dma (daily moving average) however on Friday of last week the SPY (or the ETF for the S&P 500) also closed below  that same moving average so we now had a fairly good idea what was coming —…

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Mid Year Mayhem?

Hi all. Its now the middle of the year. We’ve seen new highs this year and a bit of a tight trading ranges for the overall broader market. There was a saying “Buy in October, Sell in May” May is over and if anyone has been holding anything for long term investing on the overall…

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jan effect

All time highs

  We have seen an all time high in the market in March and are now midway into April. Interesting stuff coming up ahead this week includes Taxation in the Middle of April, FOMC at the end of the month as well as May’s NFP incoming. We also can now see a tightening range of…

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January effect this year?

There’s a saying in the stock market “As January goes, so goes the year?” This barometer of the stock market generally says, that the rest of the year will follow the start/finish of the entire month of January. It has been right 62 out of the last 85 years. We can see now that January…

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happy holidays

Happy Holidays

  Greetings all Smart Traders. Its been an awesome year in 2014. Our weekly hedged strategies have been performing well. Please note that there’s one more FOMC announcement to go and note your entry days and timing. On behalf of our Entire team at Wealth Mentors. I’d like to send out blessed holiday greetings to…

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Daylight Savings timing (Nov 2)

Hi all, Do take note that those living in the USA should adjust their clocks for DST adjustments. And for those of you in Asia, the market will now open an hour later. What a move we had in the market during the FOMC announcement. Whatever that was given away in the last 2 weeks…

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Update As At 29 Sep 2014

The market had a bit of a pullback over the past week. I would not be surprised to see a bit of rally for the coming week as it is the last week of September and also the end of a quarter. Generally the end of a quarter represents what is called Window Dressing which…

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The Week Ahead…

As a reminder the US stock market will be closed on Monday of next week (1 September 2014) as it is a US banking holiday. Typically ahead of a US banking holiday the markets have a tendency of rallying however the FAS has a separation of more than 10% from their 200dma. On the daily…

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Psychology of a Professional Trader (Part 2)

Remember that the stock market has its own rhythm and while trading is never 100% accurate we can learn to stack the probabilities of success in our favor. What things can we do to stack those probabilities in our favor? Make sure to align the proper style of trading with your timeframe. For example buying…

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Psychology of a Professional Trader (Part 1)

When I began trading live I believe I became my own worst enemy – sabotaging certain successful trades into losing trades because I became emotionally involved in the outcome. My issue was specifically closing out winning trades too soon and hanging on to the losing trades too long. I read many books on the subject…

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