The relentless rally rollicks right on. Many of our stocks actually at or near new all-time highs. Meanwhile, the markets overbought, with small caps and penny stocks going vertical. Meanwhile, there are more retail investors jumping into the stock market pool than ever before. A few weeks ago in a Live Q&A Chat, we talked how millions of people around the United States who … [Read more...] about Trade Alert: What Could Go Wrong with a Relentless Rally, Daytraders Everywhere, Momo’s Highfiving?
Why I Don’t Use Elliot Wave Analysis, Best Ways To Invest In Bitcoin, Short Sale Restrictions, And More
Here's the transcript from Friday's Live Q&A Chat. Q. Like you, I believe that we should be trimming the portfolio. Protect and participate when opportunities arise. But this market is uncanny, what should we be trimming? At some point, the gains will have to cool. What say you Cody? A. It's amazing how steady this market has climbed off the lows in March. I'm still … [Read more...] about Why I Don’t Use Elliot Wave Analysis, Best Ways To Invest In Bitcoin, Short Sale Restrictions, And More
Correction to the Live Q&A Chat Time (I Hate Time Zones)
Correction to the Live Q&A Chat time: It's at 2pm ET (not at noon ET) today. I Hate Time Zones. We will do this week's Live Q&A chat at 2pm ET today (Friday), in the TWC Chat Room or just email us your question to support@tradingwithcody.com. Have I ever mentioned that I don't know why we use the concept of time zones? During last week's video chat, I'd … [Read more...] about Correction to the Live Q&A Chat Time (I Hate Time Zones)
Market Keeps Looking Past Earnings Reports
It's "Kindergarten graduation day" for my oldest daughter, which means driving through the school in her gown and picking up her diploma from her teacher, whom she's seen but once since the lockdown started in early March. We're making it her day though, and it's been fun already before I left this morning for the office. Because of that, let's do this week's Live Q&A chat … [Read more...] about Market Keeps Looking Past Earnings Reports
Our Covid-19 Vaccine Stock Is Flying. Here’s The Playbook.
Our investment in a Covid-19 vaccine potential, Dynavax, is rocking this morning, up 40% in the pre-market near $7 per share and up nicely from the $4ish level where we started buying it. Recall that I'd bought a second tranche the other day when the stock was down on no news with the rest of the small cap stocks. The reason for the pop is this news, which the company filed … [Read more...] about Our Covid-19 Vaccine Stock Is Flying. Here’s The Playbook.
Best Way To Hedge, How To Safely Trade For A Living, Favorite CNBC Personalities, And More
Here's the transcript from Friday's Live Q&A Chat where we discuss a lot of fun and interesting things including a talk with a recently unemployed dealer from Las Vegas, my hopes that we can create a metric time system, whether Elon's "insanity" is helping or hurting Tesla, my favorite CNBC personalities, the five levels of money managers, and much more. You can watch the … [Read more...] about Best Way To Hedge, How To Safely Trade For A Living, Favorite CNBC Personalities, And More
An Abby Road Stock Market
Sunday's on the phone to Monday, Tuesday's on the phone to me. -- The Beatles from Abby Road's "She Came In Through The Bathroom Window" I got out of the office to visit Abby Road today. Haha. Today had quite an intraday rally, with the Russell 2000 small cap index leading the way higher with a 5% intraday move...to get itself back to where it was yesterday at the … [Read more...] about An Abby Road Stock Market
Market Analysis: Why Small Cap Stocks Have Sucked
I started this write-up yesterday around 1pm ET. Then I got pulled into other projects and didn't get back to writing on this analysis until about 1pm ET today, 24 hours later. And I guess we're back to a wildly volatile market as the small cap stocks, which are a large part of today's topic, are down nearly 10% in the 6.5 trading hours since I started writing about … [Read more...] about Market Analysis: Why Small Cap Stocks Have Sucked
Pro Hoops Dreams, Career Path Options For 14 Year Olds And Market Stuff
We start off this week's chat transcript with some fun stuff: some college basketball dream memories, some advice on how to be the next Cody Willard (not sure you want to be though!) and then we get into the markets, bitcoin, economy, and individual stocks. Q. Who was a better player, Marlow White or Charles Smith? A. Marlow was my room-mate and Charles was next door in … [Read more...] about Pro Hoops Dreams, Career Path Options For 14 Year Olds And Market Stuff
Trade Alert: A Coronavirus Vaccine Stock
I have a new name for the portfolio, a platform-like play on potential COVID-19 vaccines. The company is called Dynavax, the symbol is DVAX, and it's a small cap stock so don't go nuts chasing it if it spikes here. (I collaborated on this write-up with a friend of mine who's a biotech hedge fund investor.) In order to understand Dynavax's technology, it is worth taking a … [Read more...] about Trade Alert: A Coronavirus Vaccine Stock