Hey Market Pilots,November was an incredible month for me, my family, and my subscribers as we managed to grow our accounts anywhere from 20%, 50%, and even over 100% in just 12 trading days. Here is what some Moxie subscribers had to say… “@TG fun is an understatement. Its unbelievable that you are able to catch these.. cannot be more happy to be part of this. I have been here only couple of months, but seeing the power of this only now.. Hope success continues for a long time. Thank … Read more
Hey Market Pilots, Today, I’m going to keep my writing to you short and to the point, because I’ll be hosting a free webinar tonight, 7:00 pm CT to further discuss the topic of this newsletter. It has been an incredible November with the market being fueled by real vaccine news. The risk-on type names started coming alive in big ways and I was well-positioned to take advantage of them. Those who subscribe to MoxieTrader were also along for the ride with their accounts growing on average 50% to 75% … Read more
Hey Market Pilots, Sometimes in trading, a few days can make your whole year. In my case, and the Moxie Traders, it was only nine days. Those nine days provided me with +56%, +46%, and +38% account growth using only stocks. These are the kinds of returns that options traders look for, but I’m over here trading my accounts without leverage and still cranking out high percentage wins. In a typical year, I can usually double my account using just stock. With this gauge in mind, then you can see … Read more
Hey Market Pilots, In trading, we never know what the next trade will lead to because we simply don’t know the future. All we can do is take the setups we recognize and follow our rules. Last week I wrote about how the markets were shifting and setting up for perfect trading potential. This week, the Moxie Traders and I were more than pleasantly surprised by a massive move in a crypto-related stock known as RIOT. I am going to detail the trade setup, but this wasn’t done in a … Read more
Hey Market Pilots, The other week I wrote “Not My Trade” which was detailing how there can be moves in the market, but because they don’t set up the way I want, I skip them. This can be difficult because we feel like we are missing out, but if you trade long enough you realize there is always another opportunity. Then another couple of weeks earlier I wrote ‘Tis Not the Season’ which spoke about how sometimes the environment just isn’t conducive for trading. Well, I believe the market has … Read more
Hey Market Pilots, Early this week, Pfizer came out with news that their vaccine trials demonstrated a 90% efficacy rate. On the surface, this is great news and the market reacted in kind, with massive gap ups in sectors that need a vaccine in order to get back to business as usual. On the flip side, many names got hammered with a gap down since the notion is a vaccine would actually make that business service less needed. Most of the initial moves have faded from their extreme situations, so … Read more
Hey Market Pilots, “Not my trade” is a phrase I use fairly often when Moxie Subscribers ask me about stocks that have moved and why I didn’t go in. First off, there are thousands of tickers out there all moving in their own way and I can only trade about 10 of them at a time. This means I’m going to miss most of the moves that occur in the market. That’s ok and you need to be ok with it too otherwise you will drive yourself crazy. There are … Read more
Hey Market Pilots, So we finally had the 2020 election on Tuesday, but now it’s Thursday and we don’t have an answer. I believe this was of no surprise to the vast majority of us, as we knew this year’s election was going to be just another crazy thing to add to the list of 2020. As I write this, there are a handful of states still waiting to be decided and, from what I understand, it could go either way. The market sold off the week prior to the … Read more
Hey Market Pilots, On Friday we saw traders head for the exits as it appears nobody wanted to be invested over the weekend going into the election. We saw the market top on October 13th, but I was looking to see how well price might hold up as it was coming into support of a big prior price area. That view went out the window once the SPY price got rejected by the underside of the Hourly 50 SMA. That rejection was the start, or actually the second half, of … Read more
Hey Market Pilots, The market continues to be dragged down by several cross-currents of events and information. We have the election, earnings, COVID, and lack of Stimulus. All these items are making people not want to put money to work in the markets and therefore prices keep sliding. In previous newsletters I had been viewing the decline as a pullback, looking for support, to then maintain strength. This opinion of mine changed once the SPY ran into and got rejected by the underside of the Hourly 50 SMA. When that … Read more