Posts

How To Create A Trading Gameplan

Image
I'm sure you have heard countless times from various outlets about always having a trading game plan. But let's be honest the majority of traders don't really have a solid understanding, let alone proper execution of a trading gameplan. Novice traders emotionally fall in love with a stock and ride it either down to zero or sell at a loss. Oftentimes people will just follow others they deem are experts (unlikely they are), and that's their trading gameplan. In reality, this is no way to trade, eventually, your account portfolio will show this, as you will realize you cannot outpace Market returns in the long run. This begs to question, what exactly are you doing wrong? The answer is probably many things, from the lack of an actual trading system to even having the most basic of a trading game plan. In this article, I will help break down the essence of a trading game plan. The aim of this is to have you become a much more solid trader, and one step further to possibly be

This Stock Could Have 10X Returns In The Digital Health Care Space

Image
AI/ML Innovations ( CSE: AIML )( OTC: AIMLF ) is a company committed to advancing Artificial Intelligence and Machine Learning technologies. Their main goal is to address urgent societal needs. Their current short-term focus is on acquiring emerging companies in the digital healthcare space. Currently, AI/ML's shares are traded on the Canadian Securities Exchange under the symbol $AIML (trades in the US as  $AIML.CA). Where they secured a major win with their first acquisition of gaining 70% ownership of Health Gauge. Health Gauge provides personal health monitoring & management system that is patent-pending,. Their system combines the latest wearable health monitors with sophisticated artificial intelligence software tools and proprietary cloud computing software. With their goal to help caregivers, patients, and healthcare professionals access and utilize relevant data, resulting in better recovery outcomes and healthy living objectives through the ability to make immediate

The Truth About Technical Indicators: The Good, And The Bad

Image
It is a bit overwhelming when being first introduced to technical analysis. It can be quite confusing, as a lot of jargon is thrown around. As the months go by, I find myself focusing less and less on technical indicators (chart patterns are much more useful, and I don't mean patterns like Head and Shoulder patterns). I find the indicators out there to not be that effective, since they are so overused as trading robots to the numerous retail investors who use them, and that takes the edge away. My Thoughts on Indicators Early in my trading career, I followed Tom McClellan and he has always emphasized not to use the same tools everyone else does, as it takes away the edge. I have always taken that as motivation to find new/unique ways of interpreting indicators. For example, with the RSI, I don't look at it to tell me whether a stock is overbought or oversold, there is so much to the indicator, that many don't discuss (or maybe notice). In fact, I find trying to use it

Greenwich LifeSciences: The Next 10x Bagger?

Image
$GLSI (Greenwich LifeSciences) gained over 3000% percent after it showed incredible Phase 2 data on their treatment for breast cancer. The stock ended up going parabolic, gapping up from $5 all the to $160. It was an incredible move to witness, fitting for the Stock Market of 2020. Since then the stock has pulled back, as do most that have insanely strong up-moves. In the last few months, however, it has had repeated 100% pops followed by a fade (check out the chart above for analysis). Which makes this stock great for short-term trading. These pops have been caused by data on their breast cancer treatments, as they are starting Phase 3 clinical trials. Luckily these pops have faded, still giving good risk/reward for an entry. For those who love to swing trade, this stock should be on your radar.  Parabolic stocks tend to pull back as hard as they go up , as they consolidate for a certain amount of time (just like Tesla and Bitcoin), then proceed higher.  I expect this stock to run bac