BA gapped up on good news but then started an intraday downtrend. Then it found a range from between 72.15 to 72.40. ALJ who sits behind me, aka Mr. Photogenic, started a long position. I started a short position. Same stock. Not five feet from each other. I knew exactly his position and reasoning without dissent. His mentor short and … Read More
WRONG OR RIGHT I STILL WIN (FUQI)
Developing traders overvalue being “right” with their trades. Many mistakenly believe that you have to be right with your thesis to make money in a trade. Oh so young, so naive 🙂 Consistently profitable, experienced traders can make money when they are right and when they are wrong. Heads I win. Tails I win. A spot on example of … Read More
FINDING TRADING PATTERNS- A STUDY OF @AIKI14 AND ME
Jim Gobetz, Managing Partner at Wallingford Trust, couldn’t trade a more different style than me. He is a longer-term fundamental trader. I am a short-term, active, intraday trader. Jim subscribes to just about every news and research source you could imagine. I subscribe to www.briefing.com. Oh and also ESPN Insider. @aiki14 makes decisions on his positions based on … Read More
THE NOTHING TRADE
Bella discusses how RIMM behaved after it cleared an important resistance level from the prior day
The Addition
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.
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