We are tapping into the trader mind of scott bauer of trading advantage. Hello scott. Hello. Good morning. You are sharing with us your top trading tips starting with, dont be a hero. Why not . Because youre going to fail more often than not. Bottom line. When you go into a trade in the marketplace and i dont care if its in commodities, stocks, equities, options whatever it is, you need to have a set plan and that set plan should not be trying to hit a home run. Because you may hit a home run one out of every ten times but strike out the other nine times. So go in with a plan. Go in with realistic profit expectations and when things dont work outdont ride it out, exit your strategy and go into the next plan, because you know what . Theres always another trade to make. You also say dont pile on. I think this is following the herd mentality. Why does that not work . Heres a great example. We saw abercrombie earnings and the stock was down 20 on real high volume. Dont get into a stock lik
Analysis and discussion of the days top stories and compelling issues from Lawrence ODonnell. Joining us now intelligence and National Security reporter for nbc news, politics editor at theroot. Com and former Chief Adviser or al gore and a former senior aid to president obama. When a trump tweet ends with National Disgrace, a tweet that includes a misspelling by the president , it reminds me of the days when misspelling was a National Disgrace when done by the Vice President of the United States, dan quayle on the word potato, days that no one can really remember at this point. Here is the president and the only reason i read the tweet is to note the level of hysteria, which increases in direct proportion, it appears, to just how disturbed the president is by the news hes reading or being read to him in the New York Times. Lawrence, you can almost say he was unhinged. You could, yes. By the way he seems to be
responding to these things. I have to say i have been avoiding that word sin
Heres how it came to be. In may of this year, may 22nd, the New York Times had a scoop that they probably only got because they are specifically the New York Times. They sent crack reporters to an otherwise sleepy courthouse in albany, new york, not a Federal Courthouse, a state court, because that day in that state court in new york, a longtime Business Partner of Michael Cohens, A Taxicab Mogul Named Gene Friedman Who everybody called the taxi king, he was in court. He had been facing really serious charges in new york, Tax Evasion Charges in new york more than 5 million and four criminal counts of tax fraud and facing a charge of grand larceny. A big stack of charges involving a large amount of money and potentially a large amount of jail time. The story they uncovered at the courthouse that day, for some reason, friedman had gotten this huge Criminal Liability he was facing winnowed down to almost
nothing. He was able to work out some sort of deal where all of that prison time and
Analysis and discussion of the days top stories and compelling issues from Lawrence ODonnell. Presidency took a giant step toward impeachment. It happened in a courtroom in manhattan when these words were spoken. At the direction of, meaning at the direction of the president of the United States. And when a defendant is Pleading Guilty in court, it is very difficult for the defendant to Say Something more important than the word guilty. Thats usually the most important word a defendant speaks during a guilty plea session. But today in Federal Court in manhattan Michael Cohen said guilty, your honor eight times and hes also said at the direction of twice. And both times he meant at the direction of the president of the United States. And so today donald trump made history by becoming the first president of the United States to be accused under oath in Federal Court of ordering someone to commit a federal crime to win a president ial election. At the direction of. Have to be illegally pu