Dear Traders, President Ronald Reagan once said that the “nine most terrifying words in the English language are: I’m from the Government, and I’m here to help.” I do not think any investors these days are really in agreement with that sentiment. Financial markets are blowing up everywhere in the world, and governments are stepping […]
An electronic online trading platform is a computer software program that is used to place orders for day trading. A trading platform is different from direct-access brokers themselves, but I often see traders confusing these two as one. The trading platform sends and places your order at the Exchange so the direct-access brokers can clear […]
Dear Traders, Happy Tuesday! I am back from my week-long week trip to the UK, where I spent a few nights in the hospital for surgery. I could not trade at all over the last 8 days, but I was honored to witness the Windsor part of Queen Elizabeth’s funeral. I also happened to be […]
Mountains fascinate me. I spent much of my youth in the mountains, and I still thoroughly enjoy being able to explore the higher altitudes of our world. I began alpine climbing in college, and later I developed a passion for the financial markets. When I am asked by new traders and aspiring traders how they […]
As an individual trader or investor, you cannot trade directly on a Stock Exchange. For that, you will need a “broker” or “brokerage account.” A broker is simply an intermediary that gives people access to a Stock Exchange. For day trading, you need a good direct-access broker. In fact, you don’t need just a good […]
Trade the Best, Leave the RestAs part of the algorithmic trading by computer systems, the majority of stocks will trend with the overall market unless they have a reason not to. So, if the market is moving up, the majority of stocks will be moving up. If the overall market is going down, the prices […]
Dear Traders, Another volatile week has commenced, with the market gapping down over 1% but then rebounding in the Open session. I am in the United Kingdom, and actually staying in Windsor, near the castle grounds where Queen Elizabeth II will be laid to rest. It is quite the historic moment to be in Windsor […]
What Are Candlesticks? Candlesticks are a very common way to chart the price of stocks. They allow you to see the opening price, the highest price in a given time period, the lowest price in that time period, and the closing price value for each time period you wish to display. Although some people prefer […]
Dear Traders, The markets were destroyed yesterday, with the technology sector QQQ down over 6%. More aggressive hikes are on the way, and central banks all around the world (with the exception of China and Japan’s) will continue to raise interest rates. Today, the market found some stability, and I made one great trade on […]
Dear Traders, Happy inflation number day! Inflation did not ease as expected in August 2022, with an 8.3% rise showing that the squeeze on consumers remains persistent even when gas prices fell. The market is falling apart as I am writing this newsletter, with the tech sector’s QQQ dropping over 4% and SPY over 3%. […]
Some traders focus heavily on technical indicators like the RSI (Relative Strength Index), the moving average convergence divergence (also known as the MACD), or the moving average crossover. There are hundreds, if not thousands, of sophisticated technical indicators out there. Some traders believe they have found the Holy Grail of technical indicators, and it might […]
Dear Traders, I had a “meh” trading day with a heavy loss on AMD and a great win on TSLA. You can watch the recap that Brian and I posted here. The market rallied for the second day as investors assess whether monetary tightening (high interest rates) is getting closer to being already priced in […]
Why You Need to Manage Risk Risk management is the science, and often the art, of limiting the losses your trading account may suffer. All professional and great traders lose money. What distinguishes the successful ones from the burnouts is that they manage their risk well. There are two elements in risk management: a proper […]
Dear Traders, My apologies for the long absence from trading. I was completely offline at Burning Man in Black Rock City, Nevada. This was my 3rd burning, and it was an amazing experience. The market opened choppy this morning but has stayed strong as I am writing this newsletter. I traded small share sizes on […]
What Is Day Trading? As the name suggests, day trading is based on buying and then selling stocks within a single day, and sometimes within minutes or seconds. Unlike traditional investing, which usually involves thoughtful market analysis and long-range planning, day trading focuses on the countless up-and-down price fluctuations that characterize a typical trading session […]
Dear Traders, The market rallied at the Open and we took some amazing trades on TSLA and TQQQ with Brian. You can watch our recap here. It was a big move! The market is red, and only the Energy sector is strong today. Brian’s natural gas and uranium trades are doing well for him. It […]
Dear Traders, Today was an astonishing day. NVDA’s earnings were missed by 15% and the stock gapped down 7%, but then traded higher for the day at 5%! What a crazy market. Brian and I had a great trading day. We posted our recap on NVDA and AMD here. Is the market at its bottom […]
Dear Traders, We had an amazing seminar in Southern California on Saturday, with over 60 traders from our community attending for a half day of presentations. It was a very successful event that we plan to repeat over the coming months in both Florida and the New York City area. Meme stocks are on fire […]
Dear Traders, Today was an amazing day as a day trader in the market. Despite all the indexes being negative for the day in a big way, Brian and I were able to take advantage of some very volatile moves in the market, including on tickers such as BBBY, TSLA, and TQQQ. Please take the […]
Dear Traders, Registration is now open for the 6th round of Peak Capital Trading’s boot camp. It gets better every time thanks to the incredibly hard work of our directors, Peter and John, and our Chief Education Officer, Mike. Since our launch in 2020, many traders have returned to take the boot camp again (and […]