Stock Market Embraces All-Time Highs | UBER Earnings Report
UBER UBer Technologies Inc 11.4.19 Stock Chart Before Earnings
Stocks have canceled the 2020 recession: Morning Brief
Financial markets have increasingly bet that the bottom was in and that a full-on reversal of economic expectations was coming soon.
Now, it appears confirmation has arrived. At least according to the stock market.
finance.yahoo.com/news/stocks-all-time-highs
Uber earnings preview: Brace for more quarterly losses
Uber Technologies Inc. took a significant detour on the road to profitability three months ago with a jaw-dropping $5.24 billion quarterly loss, deepening its losses to more than $6 billion this fiscal year.
So when the ride-hailing service reports third-quarter financial results on Monday, investors and analysts are bracing for much of the same.
marketwatch.com/uber-earnings-11-4-19
Hedge Funds Invested In PG&E Lose $4.1 Billion In Just Four Trading Days
California isn't the only thing that's burning: hedge funds invested in PG&E are slowly watching their cash go up in smoke.
Investors in the company lost roughly $4.1 billion in the four days after the current blaze in Sonoma County broke out on October 23, according to the Wall Street Journal.
zerohedge.com/hedge-funds-pge-lose-41-billion
Trade deal hopes boost stocks as recession fears recede
LONDON (Reuters) – World shares touched a 21-month high on Monday on signs that the United States and China could soon put an end to a damaging trade war as well as indications that the world may yet dodge an economic recession.
reuters.com/trade-deal-hopes-boost-stocks
— > Under Armour faces federal investigation over its accounting practices
Under Armour is the subject of federal investigations by the Justice Department and Securities and Exchange Commission over its accounting practices, the company confirmed Sunday.
How to Optimize Your Trading Account for Maximum Profits
"Last week I had a big winner and turned it into a small win. It's driving me crazy to scan, plan and execute good ideas but not get paid the big dollars. What do I do?"
This comment is by far the most common one I get from coaching students. Nothing hurts your stomach more than turning 3,000 into 750.
You think its the charts, you think its your emotions or you think its fear.
It's actually none of those, they are excuses you saw in a YouTube video. The real problem is you are trying to earn max profits on each trade. You are expecting each trade to pay, and pay big.
Stop that. More to the point, stop thinking like that.
Great traders fish. We put many lines in the water, with INITIAL SHARE SIZE and then let the stock market tell us which ones to hold.
Essentially the first buy or sell is a test. We are testing, fishing for pockets of order flow.
If a trade doesn't perform, we kick it out. If a trade shows promise, we look for reasons to NOT get out.
If you're cutting your profits short, you are focusing on reason to exit, because you WANT to feel good. You want to be "right."
Great traders don't care about being right. We care about account growth and limiting risk.
We PLAN for multiple trades, keep risk low until the trade gives us a "head start." Then we let the winners run.
It's far easier to buy 100 shares of 10 stock and be consistently profitable, than it is to buy 1,000 shares of one trade.
Optimizing your account for maximum profits means you are allocating your buying power like a pro. With Intention. It means you are actively managing the account, not hoping for one roll of the dice for a big pay day.
To maximize profits, you need exposure and you can't be afraid to lose, and you can let fear of losing profits cloud your judgement.
Try it today, trade for "head starts" or "mini-wins" with less shares. It's easier and fun.
Pete
