Friday , 1 November 2024

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Record High American Debt Is A Recipe For Disaster! (+2K Views)

According to the just-released latest quarterly household debt and credit report by the NY Fed, Americans' debt rose to a new record high in the fourth quarter on the back of an increase in virtually every form of debt: from mortgage, to auto, student and credit card debt (although HELOCs posted a tiny decline). With interest rates on household credit rapidly rising, and with no savings to fall back on, this is a recipe for disaster.

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Your Guide To Surviving Volatility In The Stock Market

Overall, the market was due for a pullback. It seemed like every trading day in January, the market was only rising so it is only natural that, eventually, the market was going to fall but it’s just that many didn’t think this type of volatility was going to happen so soon. Here are some things to keep in mind.

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Should You Sell Your Losing Stocks?

What do you do with your losing stocks? Unfortunately, many of us probably hold onto them, afraid to admit our failure with the hope that one-day they’ll come back. In this article, I’ll try to explain why it might make sense to sell them.

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Candle Charts Anticipate A Bounce Or Break In Price Allowing Us To Take Appropriate Action (+2K Views)

People seem to think that since they hear that so few people are successful in trading, that there must be a complicated process to complete in order to make money. The truth is that the simpler we make trading, the more profitable it seems to be...so this week I decided to discuss a simple technique that is often overlooked when traders are reading charts, specifically candle charts.

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