I know of no more encouraging fact than the unquestionable ability of man to elevate his life by conscious endeavor. Henry David Thoreau SMB has a developing trader desperate to improve. In a merciless 2009 he traded very well comparatively. This quest to improve is not unlike that of an unprofitable trader hungry to just start breaking even. This journey is … Read More
An A Trade or B Trade?
Bella asks readers whether this trade in LMT is an A setup or a B setup.
Making a Trading Decision
Bella discusses how he used three factors, Reading the Tape, Intraday Fundamentals, and Technicals to make a trading decision in RIMM today.
Trade2Hold BRK.B (End of Day)
We had been waiting for BRK.B to hold above 80 for a Trade2Hold to perhaps 82. Friday we almost had the hold above 80 but ran out of time. 80.10 became the new hurdle to clear before BRK.B knocked on the door of 82. Today during one of those times Steve always warns that stocks can move, lunch time, BRK.B … Read More
Trading Analogies and Humor
We have a great new training class from September 09. Some classes for whatever reason can turn out outstanding and others ordinary. Same teacher, same material, but very different results. And from my seat very different teaching experiences. We haven’t held a new training class since September of 09 so lucky for us that they are so enjoyable. June of … Read More
Make Trades Your Own
After the Close we watched video of HRB (H&R Block). 16 was a huge level on our longer term charts. And HRB found this level. And a few interesting questions were raised during our Tradecast. One was: would you buy before you saw strength on the tape at 16 or would you just buy? There is no right … Read More
Posting a Personal Best
We have been waiting for WFMI to explode for days. Above 34 and then 34.30 were levels to add size. During our AM meeting GMan pounded the table about buying above 34 and then 34.30. One of our developing traders did and posted a personal best. Chop Rosie! Why did we like this set up? The day after earnings WFMI … Read More
How to Make $3k in 30 Seconds
Ok so I was honest and shared that I got ripped in DNDN when it dropped 16 points in 40 seconds. And I was one the chumps who got their RMBS shorts busted after a huge chop. But today the trading Gods smiled on me. There was breaking news in MIL (Millipore Corp). TMO (Thermo Fisher Scientific) it was … Read More