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Lego Blocks and Account Building

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lego block portfolio building

I just finished a little phone call with a member of my trading room.

He had two phenomenal mornings these past two days. Locked-in gains, then ended up net negative each day.

We spoke actual numbers. For the sakes of this post, let us just use a hypothetical amount of $5,000 and I’ll ratio-adjust it.  

So you’ve got a $5,000 TRADING account, and you go into the market into the morning and have the luck of making $2k. 

That means your account grew 40% in A DAY! Most people trying to ‘beat the indices’ are looking for on average over 20% A YEAR.

While it is impossible to have such gains every single day (as your portfolio gets larger you face special issues….and beyond those, nobody is right about every trade they take).

So After Those Kind of Numbers, He’s Back to Where He Was Last Week

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DrosCast – Finding The Perfect Indicator

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The genesis of this post was a few members of my room, as well as others over the years on StockTwits and Twitter, asking about my thoughts on technical analysis.

“What do you use Dros?” “What’s the perfect indicator?” “What indicators should I be using?” 

Well. Here you go. Feedback welcome.

Cheers,

-dros

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DrosList – Stocks I’m Watching Tomorrow – October 3rd, 2018

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[Note: Watchlist in no particular order. I construct it based on unusual options activity, unusual block trades, stocks I like, news, blah blah blah…]

For those of you with thinkorswim, here’s a link to the list you can click and then add to your thinkorswim if you want to. http://tos.mx/JRQDvH

Watchlist for October 3rd, 2018

Otherwise…here’s a screenshot. There’s way more stocks to keep an eye on, and more I will be also. These are just a few I think capable of some power moves.

Happy trading. And trade safe.

Cheers,

-dros

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DrosInterviews | How I Trade and Why I Made an Absurd Ammount on $TLRY

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So I got a message on StockTwits from, to be frank, someone I’d never heard of before.

His name is Dave. 

No, I’m going to do the Fight Club thing. “His name was Dave. His name was Dave….”. If you miss the reference, it’s from the movie “Fight Club” based on the beautiful novel by Chuck Palahniuk of the same name. 

His name is Dave. He started off as a clerk running orders in San Francisco to a man in the pit of the CBOE.

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A-Z: Is The Trade War Really Escalating? Does It Matter?

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I just essentially wrote an article answering a question. So I don’t think it’s full-blow cheating. My points were relevant.

A fairly new member of my trading room (shout-out ben), made this statement. 

“This trade war is becoming more and more concerning.”

I couldn’t help but respond to it. Then when I got started, I just kept going. I’m going to just copy and paste it from the room to here so you guys can see that I get hyped about completing the alphabet as I was going. I am also doing it this way so you can see how my train of thought was going. 

It is likely for us both that it’s easier to read it this way than for me to get wordy about it. 

So here’s my thoughts on the Trade War and the Markets…A-Z. With sub-sections. 

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Common Trading Errors – Munger Talks Misjudgment

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If you aren’t familiar with the name Munger, Charles “Charlie” Munger has been Warren Buffet’s  #2 for the majority of the Oracle’s Berkshire Hathaway Fund’s meteoric rise.

Buffet has often credited Munger with a great deal of keeping him in-check before choosing to take on a deal or to not.

charlie munger investing quote
T love this Munger quote. I’ve got my own version regarding charts and technical analysis…to paraphrase; ‘they work until they don’t’…which is to say, don’t put your full faith in charts. Or news for that matter. 
[image source: conversationagent.com]
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