GOOGL Alphabet Inc Reports Earnings | Stock Market Nears 2019 Highs
GOOGL Alphabet Inc Stock Chart Before Earnings 10.28.19
Google Reports Earnings on Monday: 6 Important Things to Watch
Three months ago, Alphabet (GOOGL) soared after it soundly beat Q2 estimates and made a host of other encouraging disclosures.
Investors are doubtlessly hoping for an encore performance when the Google parent, whose shares are up 22% on the year and once more within striking distance of their April highs, reports on Monday.
thestreet.com/investing/google-reports-earnings
Shares near two-month highs on hopes of trade deal, Fed cut
LONDON (Reuters) – World shares steadied near two-month highs on Monday, boosted by hopes for a trade deal and strong U.S. corporate earnings, while the dollar traded near its highest in a week before a Federal Reserve rate decision.
reuters.comglobal-markets-near-two-month-highs
Why would the Fed cut interest rates a 3rd time in a row even as stocks near records? Investors may soon find out
Is three the magic number for Wall Street? We’ll soon find out. Only a few think that Jerome Powell & Co. will not cut interest rates next week for a third time in as many gatherings of the rate-setting Federal Open Market Committee.
Market-based probabilities imply a 93.5% chance of a quarter-of-a-percentage-point rate reduction to a 1.50%-1.75% range from the current 1.75%-2%, following the two-day Oct. 29-30 meeting, according to CME Group based on federal-funds futures.
marketwatch.com/fed-cut-interest-rates-2019
Goldman Says Rush From Stocks to Cash, Bonds Biggest Since 2008
The outflow from U.S. equity funds this year has been the biggest since 2008, relative to the flood of money into cash and bonds, according to Goldman Sachs Group Inc.
That still leaves cash exposures “near historical lows,” according to Goldman strategists led by David Kostin. At 12%, the aggregate allocation to cash is only in the fifth percentile of the past 30 years, they calculated.
Retired at 42
This plan helped Jeff Clark retire at 42.
Now for the first time, he’s revealing how it works… and even giving away the names and tickers of the 3 stocks you need to get started.”
How a $795.67 Profit Can Make You Feel like an Underachieving Loser
Finally. A profit three times my accepted loss per trade.
I can super-size my lunch today! Self-confident isn’t the right description as I strutted my way to Angelos deli on 42nd. It was more like relief. Looks like ol’ Pete has this trading thing all figured out. Paid my dues and all that stuff.
Imagine you get back to the office and you step into my shoes…
You get back to the desk and light up the screens, log in and see your stock is now $1.83 higher than when you sold it. You think – Great I just left almost $2,000 on the table- as your hand tries to squeeze the mouse into a million tiny pieces.
You didn’t miss the trade. As a matter of fact, it was a great idea. The stock did exactly what you expected. You just, well, blew it. You cut your profits short. You’re booking too soon because you’re afraid to give back P&L. You’re afraid because you need the money.
New traders sweat the losses. Newbies need each trade to make money. We need it to validate what we learned and to prove that our system “works.” Every losing trade chips away at our idealized vision of trading for a living. Losses to a new trader speed up the dreaded clock that ticks faster and faster towards getting a “real job.”
To a trader beyond break-even, but not yet six-figures, winning trades can be your ultimate doom. It’s worse than losing money because you’re too far into it to quit, but too far away from earning a real living. You’re in the game, performing OK, but you’re underachieving.
It’s all on you. You’ve had some success, you’re on the right track, you’re not getting paid.
You’re getting better but you feel worse. It doesn’t make sense but it’s the truth. You decide to go to the gym because a workout helps you think better…
“How do I know when to hold winners? Better yet, how do I know when to add to winners? Maybe that’s my problem. Maybe I need to add more often to winners. That’s what the big traders in my office do”
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If you're still cutting your profits short, let's schedule a coaching call.
Pete
