We have watched two excellent Range Plays on the Open with Stocks in Play recently in our Video Review Sessions. One was in LVS. One was in OSK today. Let’s walk you through this trade set up so you can add it to your quiver. OSK gapped up on the open after receiving a huge new contract from the government. … Read More
Security in MFE
MFE made an all-time high today. GMan was long seemingly all day. And we were deciding whether to add some above 42 and then hold. Let’s discuss. We did buy more since the stock was so strong. This was an easy decision. And then we had to decide whether to sell when it slowed above 42. We held. 1) MFE … Read More
From the Mailbag: BA
Yesterday we blogged about a short in BA. A reader posted this question in response. Daryn Says: June 24th, 2009 at 5:17 pm I was thrilled to see this post today… at least I knew I was looking for the right trades. What would you say to a trader who watched this trade setup and then somehow managed to walk … Read More
US Open Flu?
I have missed the past two trading days because of the flu. I know what some of your are thinking. Hmmm. Bella loves watching golf. And he is always blogging about how much he loves that Phil Mickelson. And Phil made a run at the Open today. The US Open was just in Bethpage. Was this the US Open Flu? … Read More
From the Mailbag – Part 3
I received this question the other day and thought we could discuss it. Ok so here goes… Rusmin Says: Friday, June 19th, 2009 at 3:24 am I want to ask you a question. But before I ask you that, I want to tell you something. I had a similar day where i took a huge rip. I f**ked up fifteen … Read More
Slowing Down Your Game
So I wrote a post yesterday about a memorable rip I took for my lack of focus. I appreciate the posts by our readers which demonstrated that some good came out of my rip, a lesson shared. I was thinking of titling this post, “And then the Sun Came Up”, but as I tweeted today it has rained everyday … Read More
Unnecessary
I made an unforced error on the Open today. I did something I never do. I broke a trading rule that I never break. And I pride myself on my discipline. I’m not concerned that I will ever repeat this error. I doubt that I will. I’m the most disciplined trader that I know. I just don’t make many mistakes. … Read More
Trading Both Sides- RMBS
RMBS was In Play on Friday and we made some chops long on a slow summer day to its resistance, 17.80. 17.80 was an important technical level. RMBS collapsed from this level previously (see chart below). 17.80 was an inflection point for us on Friday and on Monday. And we made money on both sides using our trading skills. Let’s … Read More