A few years ago a friend (who had never placed a single trade) told me she was going to day trade during the Summer to make money instead of getting a
Chart Tube
I've been meaning to do it for a long time ... and I finally did it! Yes, I've joined the YouTube phenomena. I have to say, it's a cool community
“ME”
The first time I visited the CME (Chicago Mercantile Exchange) was very intimidating. I was reminded of the Guns N Roses song, "Welcome to the
Tricks of the Trade
The pros trade differently. That's why they're pros! Everyone needs an "edge" in trading. Without it, you're dead meat. Have you ever felt that
Are You Keeping Up?
"The times, they are a-changin.'" The world in which we trade is changing DRAMATICALLY. I'm primarily a technical trader. However I learned a
Da Bulls!
After a surge in energy to the downside, the S&P completed it's A, B, C pattern and has now made a Higher High. Technically it made a Lower Low
“Da Bears”
I just returned from the Wealth Expo in Atlanta where I gave a talk on Friday. It's always fun to meet with other traders and share our
You’re a Genius!
I saw Robert Kiyosaki on PBS today. He's the author of the best-selling book Rich Dad, Poor Dad. By the way, if you don't have the book, get it now.
You Can’t Handle The Truth!
In the movie "A Few Good Men" written by Aaron Sorkin the following dialog takes place in a courtroom as Tom Cruise questions Jack Nicholson on the
OUCH!
Today was the worst sell-off in the stock market in many years. At one point the DOW was down over 500 points! Is this a disaster? I don't think
The Middle Way
One of the keys to life is BALANCE. St. Paul admonished people to practice "moderation in all things." Buddha's teachings are summarized in the
The Best of the Best
Here's a question I get all the time: "Yo, Barry, what trading books do you recommend?" I get this question so often that I decided to address it in
Any Given Sunday
The Super Bowl is over now (my condolences to all the Chicago traders), so this is my last chance to provide a football analogy for awhile. There's
Can You Outperform the S&P 500?
The benchmark that most money managers are measured against is the S&P 500. It's common knowledge that most do not outperform it. Amazing that
Fibonacci Extensions
Everyone and his parakeet uses Fibonacci retracements in their trading. But there's another Fibonacci tool that is equally valuable, if not more so.