I have heard from three reputable day trading firms who were concerned about this market. I have received email after email from experienced traders complaining about their performance of late. Their traders have not been doing well. They were worried about the volume drying up going forward. I will share what I relayed to these firms: get your traders in … Read More
Good Stock Bad Stock
GENZ was a good trading stock today. NFLX was an awful trading stock. We are only as good as the stocks that we trade. Today I chopped up GENZ and barely scratched out a few bucks in NFLX. The same trader on the same day, I had very different results trading both. Let’s discuss. First, NFLX made me irritable. I … Read More
MOS Definitely
MOS Def is a very good actor. MOS is not the easiest stock to trade. But into the close Friday MOS was very strong. MOS traded from 38-43.40ish intraday on Friday. The market opened decidely negative and MOS was down almost 3 points. I decided to trade it today. I am glad that I did. Let’s discuss. This is a … Read More
Wow–I wish they were all this easy
Occasionally, you come across setups where your risk is 10 cents and your reward can be multiple points. I usually find these trades no more than three times per month. These are trades that I cannot accept missing when they occur. I found such a trade yesterday afternoon. AAPL had been trending up strongly. It appeared to be heading to … Read More
Do Not Chase Stocks!
A problem I see time and time again in my own trading, but more so in inexperienced traders, is when you miss a move in a stock or in the market, we tend to chase and push. This is obviously a lack of discipline. But how can you protect yourself from this? First, let everybody understand that it is alright … Read More
From the Mailbag – Part 2
Yesterday Sam asked the following question ….Sam Says: February 25th, 2009 at 7:20pm: What characteristics make a good intraday trading stock?A good intraday trading stock offers you excellent risk/reward opportunities. It is a stock that you can read is about to trade higher or lower. A good intraday stock gives you good prints. A good intraday stock is one that … Read More
Buy to WYNN
I traded WYNN today. It was a very good intraday trading stock. I have noticed lately that stocks are being bought differently in this new market. Let’s discuss the trading in WYNN today to explain. The market has sold off from 13,000 to today’s close of 7270. WYNN has sold off from 110 to today’s close of 21.75. Lately … Read More
Excellent Risk/Reward Trades
This post is going to be short but sweet. I will highlight two trades from today. The first is a technical trade that was highlighted on our AM Ideas Sheet. The second is an example of a low risk entry point in a stock that is usually quite difficult to trade intraday. Recently, gold has been very strong. For the … Read More
