One of the most popular trading vehicles used by traders these days are the 3x leveraged ETFs that are like stocks on steroids. Some examples of such ETFs are FAZ and FAS. These stocks move and they move fast but from my experience (and many traders too!) is that they are only good for short [...]
In the past few years Wall Street lost a bit of its mystique. Before the financial crisis, many college grads dreamed of working for one of the big firms on Wall Street but after the financial crisis took hold, a lot of people who worked for these firms lost their jobs. We saw the demise [...]
Many people who get into the business of trading stocks like to ask the question “how much money can I make?”, which is often the wrong question to ask because the answers are so dynamic and differ based on who you work for and what you trade. There have been traders who have made billions [...]
It’s one of the most often asked questions in the financial word; does Jim Cramer pick winners? Well, I don’t have his stats in front of me and it’s hard to gauge but he wouldn’t have achieved the success he has if it weren’t for his stock picking prowess. So if I were to answer [...]