Free $

gmanGilbert Mendez's (Gman's) BlogsLeave a Comment

We always say that trading does not have to be hard. Like Bella says, when I go to the bank at the of the month they are not going to question how I made my money. Yes, some days I have to grind my way through a good day but even on slow market days there is plenty of free money.

By free money I am talking about plays where you buy/short a stock at an important intraday level and you are rarely ever out of money. We teach our traders in house to discover these levels and make special note for the next day. During our AM meeting we set a few minutes aside to specifically talk about these levels.

So why is it free $ you may ask. Good question! It is free money because someone else has done the hard part of identifying the level. All you have to do is execute your trading plan on these levels when the market takes you to these ridiculous prices where your edge is insane.

Take a look at one of the calls this week in ADM at 25.50. I have attached a chart of the level and a video to prove how easy these trades are. (in this case I get long a couple of pennies from the intraday low, I sell in front of 25.88 big offer and then get long again when the big order decrements and hold most of the position to 26.40)

adm_freemoney.bmp

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