Your results on Monday will be influenced by the work that you do this weekend. Before we broke for the weekend we met with our desk. And we offered some constructive exercises for their weekend. Be a weekend warrior. Let’s discuss. During the holiday weekend you should perform visualization exercises. What are your mental weaknesses as a trader? Work on … Read More
Amen Corner
Amen Corner often offers the most exciting holes of golf at the Masters. Today 18.25 in WFC was our Amen Corner for WFC. There was an easy short below this level when WFC was in an intraday downtrend. There was an easy long when WFC held above this level when WFC was in an intraday uptrend. Let’s discuss. First let … Read More
Time to Make Some Bank
It’s earnings season. This is our playoffs. Living in these uncertain times the market is volatile. Adding this fact to earnings season offers us an unusual amount of trading opportunity. This is an excellent trading market. And as an intraday trader there is a large check the market is about to write to you if you just act in your … Read More
A Great Set Up- RIMM
SMB caught a nice trade in RIMM on the Open. We used an intraday support level from Friday to start a core long in RIMM today. Let’s discuss. RIMM finished up over twenty percent on Friday. RIMM had trouble trading above 60 into the Close but still finished impressively. During the midday 58.50 was a huge level on Friday. This … Read More
Don’t Be Satisfied
SMB has had a nice run the past three weeks. And as traders we should always enjoy the good times. We spoke to our desk after the Close about one thing that merits some mention. They can do even better. For the developing trader it is important to keep pushing yourself. If you have been trading for less than three … Read More
On the Open
Often new traders state, “I can’t trade the Open.” And then they decide to just watch for the first 15 minutes of trading. But doing this eliminates some easy money for you. And understand it is not that you cannot trade the Open, it is that you trading the Open poorly. But there are certain set ups that offer an … Read More
Be Like Tiger
Tiger Woods won Bay Hill for the second consecutive year with a dramatic putt on the 18th green. It is a privilege to watch him work. We can all learn a great deal as traders from him. On “Pardon the Interruption” today an intro leading into this story asked- How does he do it? Well below is how he does … Read More
Survive and Advance
I heard on the Street that many day traders struggled in December and January. I know there were some on our desk who were disappointed with their results. Over the years I have been offered data from the market that I was not going to succeed as a trader. I was offered this data when I first started (starting … Read More