Order: 13:25:57 (2 sec fill)
Entry 13:25:59 $31.2699
Scale Outs:
1/2: $36.92
1/4: $41.89
1/4: $41.18
Suffice to say, I am done for the day. This is a news driven power spike that I was fortunate to catch. I don’t regret getting “only” 1,000 shares because I stick to my rules on position sizing specifically for intra-day spikes.
1st Target: $31.68 (high [...]
I wanted to bring up the ongoing conflict among two schools of thought - fundamental analysis and technical analysis.
A common question that needs to be answered is “Does technical analysis work“? As a discretionary technical trader with 8 years under my belt, I feel that it is my responsibility and obligation [...]
The three types of entries are a prerequisite of the third part of the Art of Tape Reading Series. There are three types of entries: Aggressive, Regular, and Conservative. For the sake of saving time, I’ll just use a positive market in my examples.
The Aggressive method is most favorable when the general market is up, [...]
There’s a car in front of you and you are trying to determine where it’s going, just like how we look at price and volume to predict future movement.
If you look at the diagram above, you’ll see an intersection. Now, only when the car reaches the intersection do we have the chance of figuring out [...]
We left off of part one of the series by discussing the ‘edge’. The edge is basically what works for you consistently and profitably. It is your system, and it’s different for everyone. You don’t necessarily need an indicator to see the trend because a chart is usually enough. A system doesn’t have to be [...]
