Is there such a thing? Day trading has its moments and trades that can be considered easier. I really believe this, but how does one find these trades during the day? It takes preparation, experience, and persistence to find easy opportunities. The preparation is the hard work put in every day looking at chart after chart, drawing trend lines, and … Read More
When to Play Whack-A-Mole with a Level
A few days ago I was leading a conference call of some remote day traders. One of the questions was: “How do you determine when to try a trade more than once at a level”? I simply answered: “When the risk/reward says it’s okay.” Playing whack-a mole at a level can be frustrating and you have to be careful that you … Read More
Stocks and market setups 4/24/11
@AdamG_SMB looks at swing setups in $SPY $ES_F $AG $SSRI $CROX $FOSL $ALJ $CPX $MCK $LBTYA $IBM and $IL
Silver: Trading a Runaway Trend
@AdamG_SMB talks about how to trade a runaway trend in $SLV $SI_F $GC_F $GLD.
Day Traders Switch It Up Like A Pro
Changing your biases in day trading is a hard necessity. Switching sides in a trade is a skill that every day trader must build. There are two distinct levels of this skill, novice and advanced. An up and coming young day trader Jerry, @TheArmoTrader, penned a nice blog post on switching sides: http://jerrykhachoyan.com/. Jerry did a great job switching sides … Read More
Is this an inverted Head and Shoulders pattern on the S&P?
Adam looks at Head and Shoulders patterns and points out an important nuance.
04/20/11 Relative Strength Scan
http://www.scribd.com/doc/53484811/04-20-11-Big-RS-Scan This is not a scan I usually share, but I thought I would today. This is the top 10% of the stock universe ranked by my relative strength ranking which is a complex measure that is very responsive to recent information but also has a long “memory” of past events. These are the leaders… I know there are over … Read More