Why You Should Subscribe

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...

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...

During my beginning days as an equity daytrader there were many things I did to get trading ideas which I detailed in a previous blog post here. With almost two decades of real professional trading experience under my belt now, my daily routine on how I scan for stocks to trade has evolved quite a bit. As subscribers in my chatroom have noticed by now I don't publish watchlists for the next day's trading. Why? Because watchlists...

Not everyone graduates college with a Finance major. I certainly did not as I studied Biology/Genetics (was a pre-med major). My favorite class I took at Cornell, and my only finance class, was Investment Management 101 during my 2nd semester senior year. That class jump-started my curiosity of Wall Street and encouraged me to forgo my earlier childhood dream of becoming a doctor. My parents paid for my college tuition so I was...

The stock market can make people filthy rich. For day traders, it's very possible to consistently make money each day. Why is that? It's because the stock market is inefficient. What does stock market inefficiency mean? It means that it takes time for stocks to accurately price to where they should be trading at. Some stocks get overbought and some get oversold -- in other words "mispriced" in relation to their true intrinsic value....