Imagination is more important than knowledge… Albert Einstein We just got out of a Tradecast where one of our traders confused himself because he valued every level equally. All levels are not created equal. Before entering a trade you should ask: where can this stock go? During our Tradecast New Trader Mike showed tape of APC where he had two … Read More
All “LEVELS” ARE NOT CREATED EQUAL
During a midday lecture with our new class we discussed the trade in BA above 73.40, “a level”. One of our new traders reasoned, “BA got above the level so I bought.” I stood up, paced to the front of the room, and started teaching. We don’t just buy a stock because it is above a level. Or do we? … Read More