CSCO Earnings Report Forecasts 2020 Tech Spending
CSCO Cisco Systems Inc Stock Chart 11-13-19 Before Earnings
Stock Scalping Lessons from the Old Days (prior to 2001-)
Can a strategy that doesn’t exist anymore help us improve our trading today?
I say yes.
Core principles of stock trading are the DNA of success. The only thing that changes is your objective.
Stock scalping is often confused with momentum trading today. Pure stock scalping was level 2 trading. It later evolved into momentum trading.
This was probably one of the best stock scalping books from back then. My copy is well-worn.
Don’t let anyone fool you, this strategy doesn’t exist anymore in stocks. But that doesn’t mean we can’t learn from it.
Prior to stock quotes changing from fractions to decimals, stock scalping meant trading “teenies” between the bid/ask quotes. In the above picture, you would buy on the bid and sell on the ask.
The price did not need to change to make money.
A common trading plan was 1,000 share lots. You knew making a teenie meant a $62.50 profit. Making a teenie was buying at $54 1/16 and selling at $54 1/8.
Trading started to get crazy when you placed trades in between the fractions many traders would go down to $54 1/256!
This meant you would get filled before the trader at $54. (Your bid was in front, technically the higher bid)
The tough part about this is all brokers did not allow you to place this trade. Definitely put you at a disadvantage.
Watch the video to learn more.
Cisco earnings: results from the network-gear maker may refresh fears of a tech-spending slowdown
Cisco CSCO, +0.56% is seen as one of the biggest barometers of tech spending globally, due to its dominance of the networking sector and the fact that a slowdown in network purchases can presage problems in other tech sectors.
Several analysts think Cisco will say that tech spending is in trouble when it reports fiscal first-quarter results on Wednesday.
marketwatch.com/cisco-earnings-tech-spending
Feds Launch Investigation Into Google's Secretive “Project Nightingale”
Big Tech can't seem to go one month without becoming involved in some new data privacy scandal, but this time, Google parent Alphabet has outdone itself.
Yesterday, WSJ broke a story about a deal between Alphabet and Ascension Health System, a Catholic non-profit that operates hospitals and nursing homes in 21 states and Washington DC. Ascension has more than 2,600 facilities, but its data – including critical patient data – is presently spread across 40 data centers in more than a dozen states.
zerohedge.com/googles-secretive-project-nightingale
Trump rails on Fed: ‘Give me some of that money’
President Donald Trump used his pulpit before the Economic Club of New York on Tuesday to bash the Federal Reserve, a marked diversion from what many on Wall Street had hoped would be a positive speech on the progress of trade relations between the U.S. and China.
Instead of highlighting warmer relations with Beijing, Trump criticized the Fed for what he sees as its hesitation to lower interest rates and blamed the central bank for capping gains in the U.S. economy and stock market.
cnbc.com/trump-wants-negative-rates
20 Stocks That Could Double Your Money in 2020
fool.com/investing/20-stocks-double-your-money
