Stock Trading Tips

In 1996, I started my trading career on 110 Wall Street, NYC as a proprietary equity trader. I was exposed to trading investment grade stocks listed on the NYSE or NASDAQ exchanges with prices greater than $5 and having market capitalizations of over $100 million. My mentors at the firm traded only these and thus so did I. For the next 18 years, small and mid cap stocks were my bread and butter. Mega cap stocks like Exxon and IBM were...

Year 2016 is turning to be another dismal year for institutional fund managers on top of a lousy 2015. Some prominent hedge funds are down over -10% already for the year. How has your own trading been? Are you falling prey to the markets like the other sheep portfolio managers? For those who need some guidance and have joined stock chatrooms, an important question to ask yourself now is how has your Mentor/Leader/Teacher (MLT) been...

It has been exactly one year since I have launched MookTrader.com. My original vision for the site was to create a close-knit community where I and any member can share trading ideas with one another. Sharing knowledge only increases one's chances at success in this business. Learn from one another. Even after twenty years as an equity trader (8 years on Wall Street as a prop trader, and the rest as a self-employed trader working from...

It is easy to take profits in a winning trade. You ring the register and figure out how thicker your wallet just became -- a very much enjoyable experience. But the same cannot be said on taking a loss in a lousy trade. To the struggling trader or investor, it means "How much did my brokerage account just go down in value by?", and "Have I made enough money to cover my rent or car payment this week?" -- questions which all induce...

Looking back at my early days on Wall Street, I can confidently say that one of the most crucial environmental factors that helped me get to where I am today is COMPETITION. With my type of personality, I don't like to be the loser. I want to win. I want to always come in first. At my trading firm Worldco, the company had an intranet system that displayed the TOP 10 P&L's (Profit & Loss) and the BOTTOM 10 P&L's of the day. Everyone at...

I've heard this question/comment way too many times throughout my trading career: What do I do when I make decent money each day but then one day I lose everything I made the past entire week? It's like a vicious cycle over and over. The above scenario happens to everyone including even the best day traders. The key here is to realize that you can successfully make money each day in general. Losses are inevitable but trying to keep...