Perhaps at no other time in history have traders been so attentive to what a president is saying or doing – and making so much money from it. Indeed, the Oval Office has become a rich source of trading ideas for those smart enough to be paying attention, and savvy enough to profit from it. ... » view more

I love being a day trader! I love the thrill of the hunt in trying to find tradable stocks. I love the cat and mouse games with the market makers. And I like being my own boss and having the ability to determine how much I get paid on a given day by the decisions I make. As a result, I look forward to getting up in the morning on trading days. On those days when the market is closed, I often miss it. There’s simply no other way I’d like to make a living... » view more

As you probably know, dollar cost averaging is the process of buying additional stock after you’ve taken a prior loss. The rationale for doing so is that, now that the price has been “discounted,” you can buy more of it and therefore, increase your chances of making a profit (or at least breaking even). If you’ve ever dealt with a stockbroker, then you have very likely been introduced to this strategy. That’s because dollar cost averaging is written on Page 1 of the Stockbroker’s Handbook under the chapter “They’ll Fall for It Every Time.” ... » view more

Perhaps you’ve heard about a proposal to levy a tax on stock transactions. This idea actually began circulating about a year ago as a way to curb “speculation” in the market, subdue the market’s volatility, and raise tax revenue, according to its proponents. But, the notion resurfaced recently due to a push by the AFL-CIO to make such a tax a reality. Specifically, the powerful union would like to see a one-tenth of a percent tax on every stock transaction. According to union officials, doing so could raise as much as $100 billion a year in tax revenue. Now, if you’re not an active trader, you might be tempted to think such a tax wouldn’t affect you. But, you’d be wrong – very wrong. Basically, this tax would impact you as long as you had money in the stock market – even if you’ve never made a trade in your life... » view more