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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 15 JANUARY: | ASX down 0.6pc over the week | Lithium sector springs back to life amid acquisition deals and price rises | China stocks fall as consumer, liquor firms retreat |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 15 JANUARY: | ASX to rise | Wall St lifts on Biden stimulus |The potential life-changers on Tolga Kumova’s radar in 2021 |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 14 JANUARY: | ASX gains 0.4pc | Consumer firms drag China shares lower; Alibaba, Tencent boost Hong Kong | Azure Minerals starts accelerated exploration and resource drilling program at Andover |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 14 JANUARY: | ASX to edge up | Here’s what ASX stockspert Bhavdip143 likes so much about the $35m Chimeric IPO |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 13 JANUARY: | ASX snaps loosing streak | China stocks mixed on profit-taking; consumer, healthcare down | BPH Energy’s investee Advent closer to drilling Baleen gas target, carbon capture and storage research |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 13 JANUARY: | ASX to slide, Wall St mixed | Felix becomes 2021’s first ASX tech IPO; shares edge upwards |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 12 JANUARY: | ASX falls 0.3pc | iCandy Interactive offers sneak peek into first of four new mobile games | China stocks rebound, Hong Kong hovers near 1-year high |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 12 JANUARY: | ASX to edge up, Wall St retreats | Airbnb breaks into top 10 US stocks for Australian investors |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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  • Charts

    The Cotton Row Journal, week of 11-15 Jan

    Cabrera Capital Daily Game Plan

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    GMTT – chart of the day – Coffee – Jan 15, 2021

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 15 JANUARY: | ASX down 0.6pc over the week | Lithium sector springs back to life amid acquisition deals and price rises | China stocks fall as consumer, liquor firms retreat |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 15 JANUARY: | ASX to rise | Wall St lifts on Biden stimulus |The potential life-changers on Tolga Kumova’s radar in 2021 |

    The Cotton Row Journal, week of 11-15 Jan

    Jason Sen: Emini S&P Nasdaq Emini Dow Jones

    Jason Sen: Dax FTSE EuroStoxx

    Jason Sen: FX

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    NASDOG.com: Corn, What Changed Today?

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    NASDOG.com: Stocks Getting Serious; Quick Word on Beans

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Home Commentary

Don’t force your will on the market, take what it gives you

In The Money Stocks by In The Money Stocks
Wednesday, August 21, 2013
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It was the legendary trader Jesse Livermore who said,  “There is only one side of the market and it is not the bull side or the bear side, but the right side.” In other words, Mr. Livermore was not picking sides or teams when it came to trading. Too often traders and investors have this bias about the stock market and fail to capitalize on the opportunities that the stock market gives us every trading day.

A couple of years ago I read an article about Michael Burry. He was a hedge fund manager from 2000 – 2008. He made his fame and fortune by betting against subprime mortgages. What I found so interesting was that he said he rarely shorted stocks and most other equities, he usually bought stocks most of the time. But when he saw the opportunity to bet against subprime mortgages, he took the bet. You see, he took what the market was offering, he didn’t force his will on the stock market. When the stock market told him that it was ready to break or fall, he simply started to load up on the short side trades.

Something else I find traders and investors doing wrong is that they often look to get even with a stock after taking a loss in the equity. In other words, if they have lost money in a particular trade they try and get revenge on that stock. If there is any lesson to take from this article, it is to not take trading personally. The market is always right, until it isn’t. Remember, the CEO of a company does not know who is trading in their equity. Do not take stocks personally. Just trade every stock the in same manner by using charts and patterns.

ITMS821Another mistake that many traders make is that they fall in love with particular stocks. In 2012, many traders were in love with Apple Inc. (AAPL). The stock was being upgraded every day by countless major firms. Individual traders and investors would talk about the next great iPhone release like it was curing cancer. The truth is, at that time there was smart phone saturation taking place in the market and the stock was under slow institutional distribution. As you all know, Apple Inc. stock topped out just above $700 a share and dropped by more than 200 points in four months – a call which we traded for profit. The current Apple chart looks more like Cisco Systems (CSCO) and Intel Corp. (INTC) from the 2000 top these days. In other words, the stock market knows that the company can no longer achieve the growth it once had. Every stock goes through this cycle, it is not just Apple Inc. The point here is to not fall in love with a stock or company — stocks are for trading, not marrying.

The moral of the story is to not force your will on the market, just take what it gives you. Every trading day the stock market will give us opportunities. If the charts tell us the level looks good for a trade, we take it. If the chart does not tell us that the level is solid, then we leave it alone. Trading is all about buying major support and selling major resistance. The minor support/resistance levels should be left for the amateurs. This does not mean that we will win on every trade, but it does allow us to have the odds in our favor, and that is really all a trader can ask for.

Nick Santiago

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