Weibo is a Chinese social media stock that trades in the U.S. under the ticker (WB). It reported earnings today that beat the profit and revenue expectations but the stock dropped 16% on 9.3 million shares.
But it wasn’t the only one. SINA (SINA) also reported earnings that beat and it dropped 13.4%. SINA is a an online media company and part owner of Weibo. Momo (MOMO) is an online dating company in China and it got hit for 4.5% today. Continue reading
In the stock market or futures market or any trading/investing environment, if you find yourself hoping for a miracle then you know you are in trouble. Remember,
“hope is not a strategy”
Rule 6, from the “Tao of Poker” by Larry W. Phillips, It’s important that a player starts seeing “staying too long on marginal hands” as where the money goes. Continue reading
Walmart (WMT) stock peaked in January 2015 with a high of $90.97. This was the peak of a 5 wave cycle that began 35 years earlier.
The Dow Jones Industrial Average is at all-time highs these days but Walmart, one of the Dow 30 stocks, is trading well off its all-time high at $68.87. It hit a post-peak low of $56.30 in November 2015. Continue reading
Poker or gambling in general has very interesting correlations to trading. In both you are dealing with uncertainty, the ability to handle your emotions and how well you manage your money.
And doing all of those things gets back to discipline and your ego. Let’s start off with knowing when to fold ’em as they say in poker or as they say in trading…cutting your losses. Some good basic rules of poker apply to trading.