..Trading skills count but money management is more important.
Money is everywhere in the market. Getting your share of it is the goal. However getting it on a consistent basis is not easy.
You are competing with others who want to take your money. Of course your trading skills count but more importantly, over a period of time, the difference between a lucky trader and an excellent investor, is applying good risk management and money management skills.
To get your…
Trading skills count but money management is more important.
In today's market, contrary to the past, I believe in two important factors:
Price action and live market/stock information.
I consider that more important than fundamental and technical analysis metrics.
I know fundamentals and chart technical analysis are measures used to buy and sell securities. However, in today's world, market survival is contigent on making fast and quick decisions.
Three weeks of steady stock gains can easi…
I like momentum stocks but only if they make me money ... and they have .... but will it continue ?
The S&P 500 closed today at record highs....
There appears to be too much Street and media news about momentum stocks.
One from Barron's is titled 'Today all the momentum is from.. momentum stocks'.
One from Morningstar said momentum stocks that did the best last year will persist....
When the headlines spew about momentum, when the Street spews about momentum stocks ... then …
Is Tesla obliterating the Shorts ?
For Tesla longs, once you have established your plan of attack, do not hesitate to execute your trades. Once you have established your position let the Market push you along.
Let the weak Shorts get flushed out in their panic ! Keep offering them at progessively better prices to you.
When you sense capitulation, unleash the balance of your position !
Good traders are swift and precise and move their short opponents with the prospects of net gain…
Is TSLA the 'New Market Darling ' ?
More announcements after the bell on Wednesday.....
1. Announces 1.6 billion convertible notes offering
2. Will use net proceeds to accelerate development of 'GEN III' mass market vehicle !
2B Expects GEN III vehicles to be ready in THREE years !
3. Will also use net proceeds for development of Telsa's Gigabattery factory
4. By end of first year of volume production, expects Gigabattery factory will reduce cost of battery pack by 30%
5. Expects Gi…
Massively overvalued Telsa is exploding upwards again today. Morgan Stanley has upgraded their target from 153 to 320.
EDITED & added 6PM Tuesday night
Bulletin ! TSLA up big in after-market trading on battery factory news !
The word on the street is that Apple (AAPL) missed out on Facebook's acquisition of WhatsApp.
One Street analyst noted that 450 millions WhatsApp users is nothing to sneeze at.
FB's Mark Zuckerberg becoming a force to the tune of the former apple founder Steve Jobs.
The Street thinks AAPL board of directions are 'ancient ole foggies' controlled by ultra conservation retirement funds that don't want to 'rock the boat'
Apple is doing the talk but they need to do something real.…
(Following is reprinted by permission from MightyMO's RobtheMarketsBlind blogsite.)
Jon Najarian says Tesla will keep pushing higher, and value investors need to get on board.
The headline today on Yahoo Finance states 'TSLA explodes higher, VALUATION BE DAMNED "
It's high time the Street comes along to my way of thinking. I have been stating this for a very long time.
Certain high capitalization momentum stocks are driven by the 'Promise' and Valuation means little. The quarterly earnings r…
The San Francisco Chronicile reported in this Sunday's online newspaper that Apple (AAPL) and Telsa (TSLA) conducted a secret meeting regarding Apple making a bid for TSLA !
As reported, the meeting was very high level.
Both companies remain mum on the subject of a merger.
I hold Telsa and as Telsa reports earnings Feb 19, one needs to make a decision on what, if any, action to take in that regard. Any stock on earnings can be volatile but momentum growth stock can be extremely volatile when reporting earnings.
However, first, let's look at TSLA and momentum growth stocks in general. TSLA is back to a record share price, up 30% already this year.
The general argument about momentum growth stock has to do with valuation. Why buy something higher than it is …
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