BrianLund's Commentary

12 Commentaries Found for user BrianLund
For some reason lately I have had a number of discussions with people who a trying to decide if they should quit their jobs and trade for a living. One gentleman I spoke to last week had been trading part-time for a number of years and was dying to leave his job, which he...
Most traders use charts as part of their methodology to determine when to enter or exit trades. We think of charts as being very objective, built on price and volume, technical data that is not open to interpretation. But no matter how much we try to convince ourselves of...
Perhaps you have heard the term "inside baseball" before. It indicates information, conversation, or an attitude about a topic that only would be relevant to "insiders." Like if a group of air conditioning salesmen were standing in the middle of a party discussing the merits...
Everybody is looking to find a stock that they can get a big return on. Well, what if I told you that I know of one that could potentially yield you a "twelve-bagger?" That's right--this stock could go up as much as 1200% from its current price.This company seems to have all...
The setting is a cocktail party-- this one in a loft apartment in the heart of Manhattan. However it could be in a house high up in the hills of Hollywood or in the suburbs of Chicago--the dynamic is the same and the cast of characters, with minor variations, is standard....
When you have been involved with the markets for as long as I have, you invariably hear some very odd theories and ideas from people about when to buy and sell stocks. Wild concepts like using things called "P/E ratios" and "forward looking guidance." I once had a guy tell he...
I am a big proponent of keeping things as simple as possible when it comes to trading. For example, I like to track a fixed basket of stocks for setups instead of chasing the "hot" stock of the day and I think that the fewer monitors you use to trade the better. I know that...
If you are currently trading this market, you need to ask yourself an important question... "Do I feel lucky?" Well, do ya punk? Wait....sorry, that's the wrong tagline. What I meant to say is, "Do I feel uneasy?" Because If you don't you could be heading for a rude...
Polls show that eight percent of Americans still think Elvis is alive. Thirty-three percent believe in UFO's. Seventy-four percent feel that the U.S. government is covering up what really happened with the JFK assassination. And about ninety-five percent of the people at the...
May of 1985 was tough for me. It was the month of my high school prom and I had Debbie Olson in my sights. I had decided that she was the lucky gal who would accompany me to the dance. The day I was to extend to her this coveted invitation I put on my best clothes, threw an...
The markets have been on a tear over the last few months and although at times it seems like this relentless bull market will never stop surging higher, yesterday's bearish engulfing bar on the SP-500 reminds us that it's not "if" but "when" a correction will come. So let's...
A couple of weeks ago I watched a trader turn $483 dollars into over $150,000 in three days. He was trading OTM weekly options in NFLX going into their earnings announcement, and despite how much of an outlier event this seems at first glance, I am starting to think that...
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