Sorry for the delay on this post. A few had asked about the message I shared on StockTwits Tuesday morning regarding ESRX putting in a bottom. Tuesday morning ESRX was on the top of our list of In Play stocks. Was gapping down and set up for a nice short right on the Open. Our “best case” scenario for downside … Read More
IF I Develop a Trading Plan THEN My Results Will Improve: EXPE (10.26.12)
I tweeted this week that trading is about having a series of if/then statements and not about making predictions. In practical terms this means that traders are game planning for every stock on their watch list. They are making decisions on how to trade each name based on price action, market conditions and news catalysts. For every stock I look … Read More
What Is The Best Preparation To Be A Trader?
You want to be a trader. Maybe you’re just starting out in the working world or maybe you’re considering a career shift. Nonetheless, you know one thing will all of your being—you want to make it as a trader. There could be a host of potential reasons, all of which make sense. You want to swing around huge positions and … Read More
Reversal Rehearsal
I have noticed recently a lot of money being made on the desk via reversal patterns. A reversal pattern is when a stock that has trended in one direction stops trending and then begins a new trend in the opposite direction. Reversal patterns can be much easier to trade than the initial trend as they usually unfold over a longer … Read More
Imprint These Images On Your Brain
I tweeted the following this afternoon: there is “easy money” and “hard money” in trading. your longevity is determined by which one you choose to pursue…$$ I had quite a few responses. Some traders pointed out trading is not easy. And of course I agree with this. Trading successfully requires thousands of hours of practice and skill development. But once … Read More
How to Bounce Back From Failure in Trading
This is one blog post that I hope you never have to read. Why? Because it’s all about failure. The word “failure” has tons of connotations. Shame. Guilt. Disappointment. Anger. These are things that we try to avoid at all costs. If the world were perfect, you would never run into failure in your trading career. I hope that you … Read More
Play Like A Pro
It’s time for Episode 5 of When The Bell Rings. In this episode, I’ll give you some food for thought when it comes to your trading. We’ll talk about some distinct differences among traders regarding their approaches, and it should either give you some added motivation, or a boost in confidence. I hope you get a lot out of this … Read More
Four Quick Ways To Get Better At Trading
Four Quick Ways To Get Better At Trading Usually, the “quick fix” implies fixing something, but only temporarily and in a fashion that won’t help long-term. Luckily for us traders, there are several quick things that we can do that can readily improve our trading. They are quick lessons in that they don’t take much time to grasp, but their … Read More