In a monthly review, a promising trader found an important area of improvement: build trades around the direction of the real trade. The trader in his monthly review wrote: Before the Open yesterday, our top trader was fielding trade ideas from junior traders on his desk. One junior trader offered an idea that was dismissed by the top trader. He … Read More
Two ways to make more in OPHT
I gave a Junior Trader a hard time in our review after the close for not holding a winner longer. In all fairness, I should do the same for my trading. There are two areas where I could have traded OPHT better, consistent with trading that makes sense to me. I like trading stocks like OPHT. They had horrible news … Read More
Characteristics of Champions (Traders)
In the video below, Michael Phelps’ coach, Bob Bowman, presents the Characteristics of Champions. As traders we can learn from this talk to help achieve our goals. Coach Bowman breaks down success into three steps: 1) Visualize your goal 2) Develop a plan/routine to achieve your goal 3) Execute on your plan What is your goal as trader? Make it … Read More
How to tell a stock is breaking down (EDU)
Bella, A couple quick questions on EDU based on what you were discussing in the meeting after the close: I was watching EDU and felt that the 15.70 level was more important intraday support than 15.50. The push down to 15.50 happened simultaneously with the market exhausting its downtrend before pulling back, and at the time it looked like EDU … Read More