Author Archives: wallstreetpirate

About wallstreetpirate

Thirty-five years in financial services from insurance to registered investment adviser, and trader (now retired). Currently helping wanna-be traders and experienced alike as a trading coach and mentor. I've been in and around, on top of, in the middle of, and on the bottom of the stock market for a long, long time. Here's all I've learned: Trading is about behavior, psychology, and appreciating what the charts are saying technically. You can't fake it. Either you know what you're doing or you don't. And as much as this isn't rocket science, it takes knowledge and a skill set to survive.

Bulldoodoo, Mr. Market

Posted on March 27, 2020 by wallstreetpirate

Relief rallies can be powerful and misleading in that they end up as shown in hindsight as a bull trap.
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Posted in coronavirus trading, day trading, market direction, media, opinion, options, speculation, Stock Market, stock market trading, swing trading, think outside the box, Trading Stock Market, U.S. Congress | Tagged , , , , , , , , | Leave a comment

Facts Do the Heavy Lifting

Posted on September 27, 2018 by wallstreetpirate

Eventually, the market will care deeply about rising rates but only when the economic muscles (data points) starts to contract Continue reading →

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Posted in economic expansion, economic growth, economy, Stock Market, stock market trading, Trading Stock Market | Tagged , , , , | Leave a comment

T’was Not Grandma Killed By Reindeer

Posted on December 29, 2017 by wallstreetpirate

We were wrong. It was not grandma that was killed by the reindeer in the Christmas classic  by Randy Brooks. It was Santa! Mr. Claus would never have let his herd of traders hanging by hopium for the last four … Continue reading →

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Posted in Santa Claus rally, Stock Market, stock market direction, stock market trading, Trading Stock Market | Tagged , , , , , , | Leave a comment

What Kind Of Santa Rally Is This?

Posted on December 28, 2017 by wallstreetpirate

In a world where sometimes you’re the windshield, sometimes you’re the bug, we have thirteen trading hours left to the week, the month, the quarter, the half, and the year. U.S. equity futures point to a higher open in the … Continue reading →

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Posted in chess, China, day trading, earnings, economy, position trading, Stock Market, stock market direction, swing trading, Trading Stock Market | Tagged , , , , , , , , | Leave a comment

The Babble Of Babel Blubbers On

Posted on December 27, 2017 by wallstreetpirate

Maybe it’s just me. I think financial media are entertainment and not a whole lot more. Continue reading →

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Posted in culture, economy, media, opinion, stock market direction, stock market trading, think outside the box, trading, Trading Stock Market, trading websites | Tagged , , , , , , , , , | Leave a comment

This Is Your Stock Market On Drugs

Posted on September 17, 2017 by wallstreetpirate

I’m not the only bear out there.  This is your market. Yes, there are major issues as shown, but what if this guy is right? There’s no way I agree with Tim Knight’s view, but it almost seems that way, … Continue reading →

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Posted in day trading, economy, gambling, government, interest rates, market direction, market gurus, Short, speculation, Stock Market, stock market direction, stock market trading, swing trading, trader psychology, Trading Stock Market | Tagged , , , , , , , , | Leave a comment

Bovine, Ursine, Donkey, or Elephant Dung: It All Stinks.

Posted on August 5, 2017 by wallstreetpirate

Aren’t you really here because you can’t find anything to read, anywhere, in any language or publication that does not contain the letters t r u m and p? That’s what I thought. Continue reading →

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Posted in Democrat, dung, economy, government, manure, politics, Republican, stock guru, Stock Market, stock market trading, trader psychology, Trading Stock Market, U.S. Congress | Tagged , , , , , , , , , , , , | Leave a comment

Stock Market Paradigm Shift

Posted on October 4, 2016 by wallstreetpirate

“I care not what puppet is placed on the throne of England to rule the Empire, …The man that controls Britain’s money supply controls the British Empire. And I control the money supply.” Baron Rothschild advice given to the ECB … Continue reading →

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Posted in black swan event, day trading, economy, Fed, FOMC, interest rates, janet yellen, market direction, market gurus, paradigm shift, psychology, rate hike, Stock Market, stock market direction, stock market trading, swing trading, think outside the box, trading, Trading Stock Market | Tagged , , , , , , , , , | Leave a comment

U.S. Steel Corp. Is Too Heavy

Posted on April 19, 2016 by wallstreetpirate

In the end, earnings and management do matter. U.S. Steel Corp. is a short.

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Posted in earnings, economy, Short, speculation, Stock Market, stock market trading, swing trading, think outside the box, trader psychology, trading, Trading Stock Market, U.S. Steel Corp. | Tagged , , , , , , , , , , , | Leave a comment

Bear Toast To Bull Boast- 1995 Redux

Posted on March 26, 2016 by wallstreetpirate

Charts are unemotional, unbiased, non-opinionated… real money moving in and out leaves a trail shown on the charts as a trend. What do we see? Continue reading →

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Posted in day trading, economy, Fed, market direction, position trading, Stock Market, stock market direction, stock market trading, swing trading, trader psychology, Trading Stock Market | Tagged , , , , | Leave a comment