Founder, The Contrarian Trader
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My name is Robert Desmond, the founder and President of The Contrarian Trader Inc. I have a passion for trading stocks and equity options and an even bigger passion for educating fellow traders on how Wall Street works so that they can avoid those ...more



Latest Comments
Best Stock Charts - S&P 500 Technical Breakdown?
4 years ago

Hi great question. I have not done due diligence on $FRAN so I will answer with the assumption that there are no ongoing concern issues. That caveat being addressed I am bullish on the stock as an unsustainable extreme oversold trade. That does not mean that I love it first thing Monday. The probability of lower lows continuing is quite high. We are however nearing a point where a dead cat bounce should be expected. This is not an investment.

In this video: BBW, GS, LEE, NVAX, FRAN, TUEM, SPY, SPX, ECC
Bitcoin And Ethereum Buy, Sell Or Hold?
5 years ago

Hi Alexis bubbles are usually known only in hindsight. For now anyway you are seeing a confirmation breakdown of the market leader which is Bitcoin. As panic begins to set in the others will follow. You will have your chance as far lower prices. Don't catch a falling knife here. The markets will send signals on the charts when it is time to buy.

In this video: BITCOMP, ETH-X
Bitcoin And Ethereum Buy, Sell Or Hold?
5 years ago

Peter it was late and didn't plan on doing a video but you make a fair comment. Thank you for the feedback

In this video: BITCOMP, ETH-X
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