We have a great new training class from September 09. Some classes for whatever reason can turn out outstanding and others ordinary. Same teacher, same material, but very different results. And from my seat very different teaching experiences. We haven’t held a new training class since September of 09 so lucky for us that they are so enjoyable. June of … Read More
Make Trades Your Own
After the Close we watched video of HRB (H&R Block). 16 was a huge level on our longer term charts. And HRB found this level. And a few interesting questions were raised during our Tradecast. One was: would you buy before you saw strength on the tape at 16 or would you just buy? There is no right … Read More
Posting a Personal Best
We have been waiting for WFMI to explode for days. Above 34 and then 34.30 were levels to add size. During our AM meeting GMan pounded the table about buying above 34 and then 34.30. One of our developing traders did and posted a personal best. Chop Rosie! Why did we like this set up? The day after earnings WFMI … Read More
How to Make $3k in 30 Seconds
Ok so I was honest and shared that I got ripped in DNDN when it dropped 16 points in 40 seconds. And I was one the chumps who got their RMBS shorts busted after a huge chop. But today the trading Gods smiled on me. There was breaking news in MIL (Millipore Corp). TMO (Thermo Fisher Scientific) it was … Read More
Franchise
Suppose your favorite college team recruited a promising forward. Let’s call him Franchise. Suppose you learned Franchise showed up 20 minutes before game time, dressed, did some light stretching, and then headed for a seat on the bench. Perhaps your favorite college team is covered by a terrific beat writer, sharing interesting tidbits via a team blog that reported Franchise … Read More
The Value of Sharing Trading Ideas
Bella discusses the easy money that can be made by sharing trading ideas.
Trade2Hold- Breaks the Downtrend (LXK)
As we continue to gravitate towards more Trades2Hold, longer holding time periods for intraday trades, we found another excellent set up today in LXK. This is a simple trade and a pattern you might spot a few times a week. We will discuss the entry and the exit. (let me state at the outset that for some reason I can’t … Read More
Trade2Hold Exit- AMZN
Today during our AM meeting we highlighted AMZN and the 123 level as a shorting opportunity. This turned out to be a wonderful intraday trading opportunity. As intraday traders gravitate towards a longer holding period, for us Trades2Hold, set ups like AMZN must be mastered. AMZN had earnings Thursday night, gapped up on Friday, and then sold off for … Read More