The Secret To Winning At Stocks

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Trade Ideas to see the rest of this letter.**

“Because one believes in oneself, one doesn’t try to convince others. Because one is content with oneself, one doesn’t need others’ approval. Because one accepts oneself, the whole world accepts him or her.”

Stocks continue to act great even as we’re into September which is often a weaker month.

Indexes are rocking with Nasdaq closing at a new high close and SPY ripping and leading the way higher.

I’m very heavy into stocks after adding a few like TSLA and CLVS after selling miners last week.

I’m letting my winners run while cutting any who don’t work right away.

And that, is the secret to winning in the stock market.

SPY is breaking above the imperfect cup and handle I talked about last weekend very nicely.

Should see this move up to the 256 area if all goes well.

Have a great evening.


Secret To Success

Today I received a great compliment on my most recent thoughts in an article published over the weekend.  While his excerpt of my writing is short and so simple, the deeper meaning is profound and the secret to success in the stock market.

Please take some time to try and process the deeper meaning and more importantly, try and amalgamate the strategy into your own life and trading style.

“In the following ‘snippet quote’ from your current commentary at Kitco, I find so embodied within, my own sentiments, ones which have taken me far too many years I wish to count, that I felt I had written them, and/or, you had plagiarized them from a blog to which I contribute regularly.

“…..I talk to subscribers often about the virtue of sitting most of the time on cash or in our high paying dividend stocks and just waiting for the really good setups. If you can literally do nothing but trade a few times a year you’ll be so amazed how much money you can make.

While it sounds so simple, it is the hardest thing to do.

We’re all human and want action all the time. It’s a major flaw in humanity. I’m getting better and better at sitting and I don’t take nearly as much flack as I used to for it.

Subscribers are coming around to my way of thinking to enjoy life, study and work on yourself most of the time, always keeping an eye on the markets and stocks but doing little.

Life really can be great if you can keep a good feel for the markets without doing anything and just enjoy life. Then when we see good setups we can pounce hard and heavy……”

Warren, you cannot get this across enough. It still may take the reader many, many, years to assimilate, that is the nature of the beast, but hopefully – big hope, it will be in time to ‘pull out of any dive into which his financial ventures have so far got him/her succumbed.”