A video blog that shows some ideas for ways to review important setups for the next trading day.
The Evolution of a Trading Answer (Part II)
Yesterday we examined a trading question from one our remote trainees here. When faced with such a question often a trainee wants an answer ASAP. And for me certainly it would take less time if I just offered the answer to trainees and moved on with my day instead of asking them questions, letting them struggle for the answer, and … Read More
Oh—-The Pain!
During today’s morning meeting we discussed some of the recent reversals we had seen in stocks that were trying to push through longer term support. We took a look at reversals that had recently occurred in MON and WYNN. Both stocks attempted to drop longer term support last week but failed. So I suggested that UAL might be a good … Read More
The Evolution of a Trading Answer (Part I)
Recently I was sent this question from one of our SMB Training trainees: On day 10, you show a video about flipping in SLM. When watching the video I could understand your thought process of entering and flipping based on looking at the tape. Nonetheless, what I could not understand when watching the video is your thought process when wanting … Read More
Traders Ask: When is a Market Overextended?
Adam anwers a reader’s question about identifying overextended markets
Traders Ask: What Was Your Thought Process In LVS?
Hi Steve, I am interested in learning your thought process behind trading LVS on 12/02. Do you mind writing a post on it? Thanks, AZ Here you go: Before I break down the various trades that I thought offered good risk/reward on December 2nd for LVS I would like to discuss December 1st. LVS gapped higher on 12/1 with the … Read More
Traders Ask: Any Advice on these Trades?
Mike, I’ve been lately having a hard time executing my trades properly. I find the setups, my analysis is correct, yet myfingers don’t follow up with my brain! I wrote a blog post about it, and reach out to you to tell me what you think could be done. http://bit.ly/gtTprL Hopefully you’ll have time to look at it and perhaps … Read More
Traders Ask: Was I a Wuss?
Hey Mike And Steve, I had a question for you guys about risk and how you guys manage it psychologically. For some reason, when trading on my Lightspeed Platform, my risk tolerance shrinks, and I punch out of stocks way to early or cannot sit through pullbacks when a stock goes negative on me. I get nervous it will just fall out of … Read More