Trading can often feel like a solitary pursuit.
But there's immense power in community.
Connecting with fellow traders can accelerate your growth and success.
If you’re new to trading stocks, you’ll likely hear terms like “leverage”, “position”, and “options”.
Well let’s take a few minutes to talk about one of those that is commonly misunderstood.
Options 101:
I lost $20,000 in a single day when I was working as a floor trader…
Even experienced traders make mistakes.
Recognizing common pitfalls is the first step to avoiding them and improving your trading performance.
Let’s talk about mistakes in trading:
This one simple move is what separates winners from losers in trading.
It’s not a fancy software, not a “hack”.
It’s a Roadmap.
And it could be the most important first-move you can make as a trader:
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Wells Fargo is feeling the pressure.
High rates have hit the mortgage industry hard, and Wells Fargo decided it had enough.
The company sold most of its mortgage business to Trimont, making Trimont the largest loan servicer in the US.
OpenAI isn’t a publicly traded company… yet.
But with its latest funding round, we could see the company valued at over $100 billion.
Meaning that if/when it does hit IPO, we could be looking at the next big thing in stocks.
Airlines are typically less-than-ideal stocks to invest in.
Razor-thin margins, very expensive inventory, and expensive labor contribute to a myriad of reasons why.
But people still need to travel, and until teleportation is invented, air travel remains king.
Etsy and American Airlines were dropped from the S&P500.
But it’s good news for the investor—the S&P 500 has very strict rules on which companies can join.
Shares of Costco are trading higher than ever this year.
Economic conditions have pushed consumers to buy in bulk to save a bit of cash.
And with the strongest brand amongst the bulk retailers, Costco is winning.
Consistency is key in trading.
It’s not about making a quick buck; it’s about developing a disciplined approach that allows you to capitalize on opportunities over time.
You can get lucky once. But winning on repeat is a developed skillset.
Pfizer blew past their Q2 expectations as they looked to cut costs.
Everyone knows Pfizer as a major player in the fight against Covid.
But now that Covid’s over, they’ve been seeing a rapid decline for Covid products (rightfully so).
Dollar stores just aren’t popular anymore.
Dollar General, one of the biggest discount retailers out there, reported disappointing earnings.
Which led to shares dropping to a 6-year low.
Join me today LIVE at Noon CST on Market Minds as we discuss the market action and volatility. How do you know if an option is cheap or expensive? Tune in to find out.
Remember the risks involved: trading options can lead to both substantial gains and significant losses if not approached with caution.
Done well, options trading can be life-changing.
Join me at noon cst today for a mid-day live update. End of the month and end of the quarter – who knew it would be like this? (Not me). What happens now with China? What if we get a port strike?
Join me LIVE from the CBOE trading floor at NOON CST as I discuss the latest inflation data. I will also take a deep dive into something called THE EXPECTED MOVE. Hope to see you there.
A trading community provides a platform for sharing ideas and strategies.
You can learn new approaches and get different perspectives on market events.
Emotional discipline is key:
Your plan should include strategies for managing emotions and avoiding impulsive decisions.
You would be amazed how many investors have made poor decisions in emotionally charged states.
Some companies cut workers because they’re not making enough, and others cut workers because they’re “trimming the fat.”
The latter is often why company stocks go up after layoff announcements.
The company announced that it would be cutting 1,000 jobs in August, but shares are still up a fair amount YTD.
It’s important to note that investors react to the reasoning behind layoffs:
If you are investing, you can guarantee that highs and lows are coming.
It’s what you do during those times that matter most, so maintain emotional discipline in light of your goals.
Companies have to be big enough and profitable for a certain amount of time to join.
And since Dell and Palantir met the criteria, they were added in—while Etsy and American Air were benched to make room.
Would a Japanese-owned U.S Steel change the stock price?
Nippon Steel is looking to acquire U.S Steel for a staggering $15 billion.
While political opposition is slowing the deal down, U.S Steel seems ready to take the deal...
Participating in community discussions can help reinforce your learning.
Explaining concepts to others is a great way to solidify your own understanding.
Investing can be a roller-coaster ride, and if you don’t have a clear idea of your goals, you’ll end up cashing out or buying it at the wrong time.
Goals help you stay the course, they’re the backbone of your roadmap.