Got back from a run. Yeah, this Georgia Tech campus is very nice. Had a mocha frappachino from Starbucks (I do not even know what that is and I unordered the size three times) to help with my 4am wake up call. Walked the room for my presentation. I like to get a feel for the room and see myself … Read More
Execution, Execution, Execution (BIIB)
Trader A sits looking at the consolidation in BIIB. We have some nice consolidation. BIIB is above the highs from the first day gap up. There is no resistance above in the near term. Should I pay 80? Trader B sits looking at the consolidation in BIIB. We have some nice consolidation. BIIB is above the highs from the first … Read More
KISS (Keep It Simple..) Trading Lesson: The “Show Me” Entry For Pullbacks
DISCLAIMER: This entry method does not allow getting every cent of the move. If this is important to you do not read any further! The how and why of entering a pullback trade can be tough for many traders. Although if the price is moving against the established trend it can have decent momentum. This makes it harder for traders … Read More
KISS (Keep it Simple..) Trading Lesson: Play Simon Says To Win
Simon says touch your nose Simon says grab your ear Simon says get long $REE Get short $MCP … you lose! If you can learn to play Simon Says your trading will improve. If you listen to what Simon (your screen) says you will increase your chances of becoming a consistently profitable pro intraday trader. When you listen to the … Read More
57 level..deja vue (HOT)
Jeff Davis @Shaq48_Trading
Traders Ask: Stocks In Play of a Basket?
Question: Hello Mike, My question concerns mostly to stock selection and tactic of monitoring the market during the trading session. I’m thinking about it a lot last time and I’m very interested in your opinion on that. There are always a lot of opportunities on the market, especially during the earnings season. So we have 2 choices: 1) The first … Read More
What are your trades in MON? (The answers)
Non-experienced traders should not be trading MON during a conference call. Experienced traders not listening to the conference call should not be trading during the conference call. Experienced traders who do not know a great deal about MON should not be trading this during the conference call. So this was a bit of a trick question (couldn’t fool @thearmotrader). But … Read More
Traders Ask- GD Trading
Hi Mike, I am hoping for your insight on a trade I’m making today. My uncertainty in this trade it typical of what I find in a lot of my trades. I am trading GD as a second day play. My thinking is that the sell-off yesterday was overdone and that it ultimately held important support at 73. I was looking … Read More