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No One Rings a Bell at The Top

No One Rings a Bell at The Top
There's no magical indicator or chart formation to tell us that we have in fact seen the top in stocks. Like the perma-bears, many will try and predict the top only to be wrong year after year until it happens. Then they will tell you they told you so. This isn't very helpful. 

The World's Worst Teacher

The World's Worst Teacher

I'm sure there are some pretty bad teachers out there but the stock market has to be one of the worst.

To get into "stock market school" you don't have to apply to be accepted and anyone can attend. You just open an account online, transfer in some cash and you can buy and sell with no plan, trade without stops, buy the hottest inverse or 3 times leveraged ETF, pick bottoms and tops and you might actually make money. 

This is why the stock market is a horrible teacher.

Controlling Your Inner FOMO

Controlling Your Inner FOMO

“I just wait until there is money lying in the corner and all I have to do is go over there and pick it up. I do nothing in the meantime.” - Jim Rogers

I’ve read a lot of books on trading and investing. There's no shortage of famous sayings but the above quote resonates with me because patience has been the hardest thing for me to learn. If I would’ve taken this quote to heart and incorporated it into my trading psyche, I would have saved myself a lot of money and more importantly a ton of time.

Anything Blockchain

Anything Blockchain

By the time you read this the price of Bitcoin could be $20,000 or $10,000 your guess is as good as mine...

In the much more tangible space of oil and gas it seems that very few are interested in putting money to work in this sector. Maybe it's just a sign of the times as the blockchain and crypto space are getting all the attention these days

Bitcoin Makes My Head Hurt

Bitcoin Makes My Head Hurt
$10,920. That's how many US dollars you need to purchase one Bitcoin. For those keeping score you could've picked some up for around $800 in January. If you don't own any I recommend not doing the math. It may cause nausea, dizziness or trigger a migraine. 

The Internet's Next Victim...

The Internet's Next Victim...
Last week Dick's Sporting Good's stock (DKS) got clobbered for a 21% haircut. The stock is down close to 50% this year. They came up short on earnings expectations and reported underwhelming same store growth. Just another brick and mortar retailer falling victim to the massive shift towards online shopping or what some are calling the "Amazon Effect".

Are You Really a "Buy and Hold" Investor?

Are You Really a "Buy and Hold" Investor?
The DJIA (Dow Jones Industrial Average) record run of 9 consecutive days ended with Donald Trump's "fire and fury" comments to North Korea. The record for the Dow is 12 consecutive days of gains and that was set in January 1987, months before the Black Monday crash. Maybe it has something to do with the number 7...

Beware of The Trends...

Beware of The Trends...
As a business If you’re not up to date on current trends you might become the next Kodak, Blockbuster, Sears or real estate developer building the next enclosed mall. It’s not enough anymore to know and understand your industry. You need to know how people in general are responding to new and innovative technology.

Why Trend Followers Don't "Average Down"...

Why Trend Followers Don't "Average Down"...
The above is a weekly chart of Cenovus Energy (CVE.TO). Forget that the CEO announced today that he would be retiring later this year (usually not a good sign of things to come). Look at the price action of the stock. A series of lower highs confirms a very persistent downtrend over the last 5 years.

5 Industries With Explosive Growth Potential...

5 Industries With Explosive Growth Potential...
Canadian’s are very loyal when it comes to investing in home grown companies. This is often reflected in our heavily weighted portfolios of natural resource stocks and of course, our financial institutions.

How Will The Robo-Advised React To Their First Gut Check?

How Will The Robo-Advised React To Their First Gut Check?
Robo-advisors have been increasing in popularity over the last few years especially among Millennials or Generation Y. This popularity has been caused by several factors but mostly it’s the low fee, high tech, app based platform that's attractive to this cohort.

The Stock Train Rolls On...

The Stock Train Rolls On...
DOW 20,000 is here! Or at least it was a few days ago. I'm sure you've seen the headlines so it shouldn't come as a surprise that major North American equity markets are at or near all-time highs, including the TSX Composite.