• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Stocks

The Market May Not Need a Rest, But I Do

Here's why self-awareness is key to good trading -- and a list of hot picks on my radar.
By JAMES "REV SHARK" DEPORRE
Feb 09, 2021 | 01:52 PM EST
Stocks quotes in this article: MARA, NPA, GRWG, OPEN, GMBL, FUBO, AUVI, SNCR

The market continues to chug along nicely as breadth improves, with the indexes hitting the highs of the day. The action is still driven by stock picking in hot sectors, more than anything else right now, and it is accelerating in some areas like cannabis.

I'm reminded Tuesday how essential emotions and mindset are in navigating the action. I did an unusually high number of trades on Monday and had been pushing very hard to stay with the momentum since the first of the year. I'm not feeling as energetic now, and as a result, I'm missing out on some of the good trades I'd usually catch. The setups are there, but my emotional energy is missing, so I'm not taking some that I usually would have taken. The market may not need a rest, but I do.

It is important to be self-aware when you are trading. Success in the market has more to do with your emotions than anything else. If you are feeling a little off, the chances of a mistake are much higher. I'm not pressing good setups like I usually would, and I am better off embracing that than fighting it.

The best trading comes when you are emotionally in tune with the action. Monday I was firing on all cylinders, but I'm not feeling it to the same degree. There is still some stuff working very well, like  Marathon Patent Group (MARA) , New Providence Acquisition Corp. (NPA) , GrowGeneration Corp.  (GRWG) , Opendoor Technologies Inc. (OPEN) , Esports Entertainment Group (GMBL) , FuboTV (FUBO) ,  Applied UV (AUVI) , and Synchronoss Technologies (SNCR) , but I'm reluctant to put substantial new funds to work.

Sometimes when you aren't "feeling it," the inclination is to take a bearish posture. In my case, the market is fine, but I need a rest.

I'll be looking for some late-day buys again, but I'm not going to press as hard as I normally do when we have momentum this strong.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, DePorre was long MARA, GRWG, NPA, OPEN, GMBL, FUBO, AUVI, SNCR.

TAGS: Investing | Stocks | Trading

More from Stocks

TJX Cos. Is Ignoring the Market's Downdraft

Bruce Kamich
May 19, 2022 1:25 PM EDT

Does this strength have staying power?

These ETFs Will Meet You in the After-Hours Club

Mark Abssy
May 19, 2022 12:30 PM EDT

Let's check three funds that are set to buy the close and sell the open.

After Wednesday's Bloodbath, a Battle Is Brewing in the Market

James "Rev Shark" DePorre
May 19, 2022 11:56 AM EDT

We see traders hunting for an oversold bounce, while investors are dashing for the exits. Here's my take on the wild action so far -- and whether we're in a recession yet.

Kohl's Fundamental Story and Charts Are Both Problematic

Bruce Kamich
May 19, 2022 11:15 AM EDT

There's a key price level to watch.

Don't Be in a Rush to Invest in Cisco

Stephen Guilfoyle
May 19, 2022 11:00 AM EDT

Someone already long this stock, who has taken a hit, doesn't need to liquidate unless...

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 01:44 PM EDT STEPHEN GUILFOYLE

    Stocks Under $10 Portfolio

    We're making a series of trades here.
  • 03:07 PM EDT PAUL PRICE

    Why Is Walmart Down Big Today?

    Besides its poor earnings report Walmart was way...
  • 07:14 PM EDT PAUL PRICE

    A New, Very Scary Movie

  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login