Bella asks readers whether this trade in LMT is an A setup or a B setup.
I Should Have Made This Trade
Bella answers the Question from his post on Friday about whether he should have bought UPS in front of 60.08 after it broke out from that level on the Open.
A Trade Worth Making
We sit. We trade. We rip it up. We watch. We lose some more money. And the damn stock is still in the same place it openend. The little sucker has not even moved. Talk about a morning trading like a Piker. There I was banging in and out of KR on the open. Trading too much. Thinking I saw … Read More
Is It Really That Bad?
Yesterday, ELN and WYE were massacred, by Wall Street standards, because of a drug that was being developed for Alzheimer’s disease and failed in phase II trials. The experimental drug was said to “only help half of patients and was linked with a brain-swelling side effect” by Bloomberg.com. (You can read more about it here: http://www.bloomberg.com/apps/news?pid=20601103&refer=news&sid=aseKG.hyyRkw) In the aftermath, ELN … Read More
Hey, Just Relax and Trade
During the past few days we have seen noticeably increased volatility and movement in our markets. Days like this are what a day trader salivates for, because the money making opportunities are vast as money is pulled in and out of the market and stocks act somewhat erratically. During these times it is easy to get overly worked up because … Read More