The time has come to head to the the 21st century and move my site off blogger: www.PaulJSingh.com. That's right, it's a .com now!
I would have loved to keep "themarketspeculator" handle, but unfortunately some imitator has it. Ugh! First world problems I guess . . .
So now we go by my full name: Paul J Singh (www.pauljsingh.com).
Make sure to change how you follow me. At the site there will be an email list pop up. Make sure to add your email to the list so you continue to get me in your email whenever I post!
I've also started posting to instagram. Yes you get to see more of my pretty face here: https://www.instagram.com/therealpauljsingh/
Oh and I know you are already following me on youtube and twitter, right?
Right.
Monday, November 14, 2016
Saturday, November 12, 2016
Inaugural #AskPaulAnything Episode 1: Exits, Risk Management, Intraday and Deliberate Practice
In my inaugural episode of #AskPaulAnything, I talk about the the difficulty of stock trading exit strategy and how to simply the process, risk management, a fantastic intraday trade, deliberate trading practice for both newbie and experienced traders, how I use VWAP and more.
If you honestly don't learn at least one thing in this 14 minute episode, I will do 100 pushups!
Join me live for the second episode of #AskPaulAnything Sunday, November 13th at 5pm Pacific.
Join here (and subscribe): https://youtu.be/q2g4ni9UaPc
What would you like to know?
If you honestly don't learn at least one thing in this 14 minute episode, I will do 100 pushups!
Join me live for the second episode of #AskPaulAnything Sunday, November 13th at 5pm Pacific.
Join here (and subscribe): https://youtu.be/q2g4ni9UaPc
What would you like to know?
Monday, November 07, 2016
Bad Information Leads To Bad Trades
Most of the trading content you read on social media is garbage. Sure some blogs are good, but most are bad. Yes some tweets are mind-bending, but most are worthless.
You know this and have an inkling of what is good and what is garbage. The problem is it all goes in your head, stays there and mucks with your emotions.
Pretty soon you are no longer patiently waiting for setups. All that bad information that you can not unlearn mucks with your analysis and your emotions, and a bad trade is made.
Bad information leads to bad trades.
Create process that lead to good information. Good information pays it forward to good trades.
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If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up at BullsonWallStreet.com
Tuesday, November 01, 2016
I Will Pass Out If Donald Trump Is Elected President
Donald Trump is bad for Wall Street.
He can't be controlled, he's a loose cannon, he has ties to the evil Russian empire, he bankrupted his own companies, he hates women, minorities and anybody else making money.
Yet I love him.
Well not him, but the idea of him winning the election. Now before you get ready to let me have a piece of your mind, take a step back and . . .
R-E-L-A-X.
It's not for political reasons, so don't hate.
As a swing trader, I love volatility.
Guess what happens if the Donald wins the election?
The market will go insane. Even more insane than the man with the bad hair could ever actually do to the market himself. The market tends to overreact to uncertainty, so you can bet we'll see an overreaction and some wild swings.
On the flip side, the market wants Hillary to win. She's the "safe" choice. If she wins, we probably get a nice little rally and then it's back to trading as usual. We can profit from this, but not like we can if the market is scared.
Up, down, all around . . . it doesn't matter. We don't care which way the market goes, as long as it moves, and moves big.
Make America great again? It already is great.
Make the market great again? The President does not have that power.
Make the trading great again? It will happen if Donald is President.
Subscribe to The Market Speculator by Email and never miss a post!
If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up at BullsonWallStreet.com
Wednesday, October 26, 2016
When You Have Inside Information And Still Lose Trading Apple
I wish I had a best friend named Billy that worked at Apple.
I'd call him up and discreetly ask him in hushed tones:
"Yo Billy, what's going on with Apple's earnings?"
He'd hang up on me because everybody knows Apple taps employee phones. So I drive over to his house, we turn the speakers on full blast just like in any good conspiracy movie and he says:
"It's going to be big. I'm talking blow out earnings, huge iPhone 7 sales and increased guidance."
Holy smokes!
The stock is going to skyrocket, and I'm in the know just like the shady Wall Street CEOs.
I would load up with 10000 shares since this is a sure thing and I'd nail this one when the stock market opens tomorrow. In the meantime, I would head over to the Porsche dealership so I could spend my ill-gotten gains.
As Eminem would say, snap back to reality. Yes, Apple ($APPL) had blow out earnings yesterday, but . . .
At the open the stock is down four points off a "sell the good news" event. Dream scenario? Armed with insider information I would be down $40,000 right now.
Even with a crystal earnings ball you still could not have predicted this move. This is exactly why I rarely trade pre-earnings. Instead, I use a 7-setup post earnings-breakout strategy that allows me to play probabilities and patterns rather than gambling.
Today's lesson is to dream big, but trade smart, and never gamble on earnings.
Subscribe to The Market Speculator by Email and never miss a post!
If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up at BullsonWallStreet.com
Monday, October 10, 2016
Secret Trading Leak: Your Winning Trades Will Crush You
What if I told you that your wins are your biggest trading problem?
That's right, wins are what hold average traders from moving past break even to profitability. Most traders focus on their losses, completely ignoring the real problem.
The hardest trading leaks to identify and correct are the one that masquerade as wins.
You see that 65% win rate and feel good about yourself, then wonder why you are not crushing it. So you review your past 100 trades and analyze every single loss in search of that trading leak that you'll correct, magically turning you into the second coming of Jesse Livermore.
Unfortunately that's not how it works, even though that's what just about everybody does (no wonder 95% of traders fail).
So you want to trade Jesse Livermore?
Then fix your wins.
Every losing or break even trader I've ever worked with made a fatal flaw: he or she did not know how to win. That 65% win rate is deceptive. It often means you are either micro-managing your positions by cutting your wins off early, or you are winning less than you risk, creating a negative reward to risk.
Now go back and analyze every single win and ask yourself these three questions:
1. Did I stick to my initial plan (assuming you had one)?
2. Are my wins bigger than my losses?
3. Did I exit at the right time?
If the answer to these questions is "no", then you've got some work to do.
You must figure out how to win big, even if that means lowering your win rate. Remember, winning traders care about profitability, not win rate.
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If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up at BullsonWallStreet.com
Wednesday, August 10, 2016
The Shocking Way That Winning Trades Blow Up Trading Accounts
You may have just crushed it with your biggest winning trade of the year, but you still do not know how to trade.
That rush your feeling means it was a bad trade. Good trades are not exciting. If this trade was your biggest win of the year, you probably committed a cardinal trading sin.
Common big win trading mistakes (and their mental trigger) include:
There's a pattern at work here that ultimately leads you to blow up your account. Trust me I know because I have done it twice (see my story and listen to there interviews here and here).
The patterns goes a little something like this.
Fledgling trader (actually I also see way too many seasoned pros do this too) gets an idea from a member of the twitterati. Her rules allow here to risk up to 1 percent of her account, but this trade looks too good and she envisions the big gain. She uses all of her 25K account for this one trade and ends up risking 10%.
Earnings are three days away and again she imagines blow out earnings. While her rules tell her to get out of the trade before earnings, she fears missing out and gambles the entire position.
The trade worked and her account is now at 33K. She does this 10 more times and after a wild ride she's doubled up to 50K.
You think you are the shit. Best damn trader this side of Wall Street.
Thoughts of quitting your job fill your head. The two week notice is ready and your playlist has "take this job and shove it" on loop.
As any degenerate gambler knows, eventually your luck will run out.
You WILL blow up your account.
You do not know how to trade.
Before that happens get your stuff together and learn.
I'm here to help.
If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up at BullsonWallStreet.com
That rush your feeling means it was a bad trade. Good trades are not exciting. If this trade was your biggest win of the year, you probably committed a cardinal trading sin.
 |
| A few big wins doesn't make you a big elephant |
- Taking on too much risk (greed).
- Gambling by holding through earnings (FOMO-fear).
- Traded too big for your account size (greed).
- Piggybacking somebody else's trade without understanding the trade (fear and greed).
There's a pattern at work here that ultimately leads you to blow up your account. Trust me I know because I have done it twice (see my story and listen to there interviews here and here).
The patterns goes a little something like this.
Fledgling trader (actually I also see way too many seasoned pros do this too) gets an idea from a member of the twitterati. Her rules allow here to risk up to 1 percent of her account, but this trade looks too good and she envisions the big gain. She uses all of her 25K account for this one trade and ends up risking 10%.
Earnings are three days away and again she imagines blow out earnings. While her rules tell her to get out of the trade before earnings, she fears missing out and gambles the entire position.
The trade worked and her account is now at 33K. She does this 10 more times and after a wild ride she's doubled up to 50K.
You think you are the shit. Best damn trader this side of Wall Street.
Thoughts of quitting your job fill your head. The two week notice is ready and your playlist has "take this job and shove it" on loop.
As any degenerate gambler knows, eventually your luck will run out.
You WILL blow up your account.
You do not know how to trade.
Before that happens get your stuff together and learn.
I'm here to help.
Subscribe to The Market Speculator by Email and never miss a post!
If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up at BullsonWallStreet.com
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