Dear Bella, Where would your stop loss be for the lot you added when the sellers won at 76? More importantly, how does one determine the right spot to place your stop loss or your “line in the sand”, so to speak? I also traded BIDU today and I had 76.50 and 76.00 marked as key levels. I missed my … Read More
SMB Trade of the Week- Important Technical Resistance Level Trade (BIDU)
Each week we share with you a trading pattern that we use consistently on our desk. Like most successful traders we have measured the win rate for this trade. In short we are giving you an intraday trading pattern that works. In this SMB Trade of the Week we will share an Important Long Term Technical Resistance Level Trade that … Read More
Traders Ask: How Do You Find Your Stocks?
I received the following email question from Reader David: Good morning Mike, Firstly thank you for taking the time to talk to me the other day all the way over in NZ. As I have mentioned before, my passion for trading has lead me to buy and read alot of trading books. But all that reading cant make up for … Read More
Insufficient Trader Training
In our smallest office in our downtown Manhattan digs I was an actor in this conversation. “We make trading too hard,” said the new, gregarious trader. “I am not sure what you mean. Trading is about learning set ups and then mastering the fifteen subsets of each play,” I replied. “See that is where I think I go wrong. I think trading … Read More