I received this email from an SMB trader after the close today: After watching some of the VCU v. Drexel college basketball game last night I wanted to take the VCU head coach’s mantra of “Aggressive, Confident, Loose” to trading. I was more aggressive than usual with my size in the plays I was involved in. However, I was doing … Read More
Be your own better trader
Greetings from Capetown. I received this daily review from a solid developing SMB trader from which we can learn………. I am so disgusted with how I traded today… probably the most mad at myself I have been in weeks… I made so many mistakes today… Overtrading… trading too much away from good prices… this is a huge problem in something like DPZ and … Read More
Trade, control your risk, breathe (VVUS)
Sifting thru the daily trading reviews from yesterday it was clear that many traded VVUS. Here in Capetown training former elite athletes and now traders I work to make one point. See your trades as patterns. Trade the set up and then accept the result. Trading is not about being right. It is about controlling your risk. And finding patterns … Read More
Some Help for the Impatient Trader
Greetings from Singapore. Today is my last day here in the new gateway to Asia. I have a day packed full of some more learning meetings and then take a 2:30 AM flight to Johannesburg, South Africa. I arrive in JNB, will shower and then head to meet some top South African traders. I have been tasked to talk about improving … Read More
I feel like I will never make money again
I don’t know what’s wrong with me the last three days but I am not trading up to par. It’s much more eye opening when the market is actually decent and others around me are making money. I’m disappointed (to say the least) by today but I didn’t do anything fundamentally wrong at first. I even made money initially. I … Read More
PEP refreshing on the open trade
PEP (Pepsico, Inc.) offered an easy momentum trade on the open. INTRADAY FUNDAMENTALS PepsiCo fell 4.3 percent to $63.87 at 9:57 a.m. in New York. The shares rose 1.6 percent last year, while Coca-Cola gained 6.4 percent. Fourth-quarter net income advanced to $1.42 billion, or 89 cents a share, from $1.37 billion, or 85 cents, a year earlier, PepsiCo said … Read More
Make this losing trade (YUM)
Yesterday in YUM I made One Good Trade which was One Losing Trading. On the open YUM settled in a battle 64.80 by 65. Young Leo called out the fight and I took notice. Also YUM was In Play showing premarket strength and gapping up. YUM broke above the opening range battle and shot up to 65.70. This was a … Read More
One Easy Trade (ANF)
After our 11AM Open review a trader approached my desk. “Bella can I ask you a question?” “Yes.” “Do you think I should add here to ANF?” (Abercrombie & Fitch Company) I looked at the chart, saw it trending cleanly above the important 41.50 technical level, spotted a target entry at 42.11 and a definable exit at 41.94, found room … Read More