Once in a while, I try to put together important posts dealing with technical education, psychology, reviews, and other things. I do this so new people can find what they are looking for. PSYCHOLOGY: 1) 4 Stages of learning 2) The Death Spiral 3) The Trader’s Mindset 4) Plan & Rules 5) We Are All [...]
For exact trade entries and exits, you can refer to the blog comments or on my twitter (@WeeklyTA). It’s documented in real-time and I have about 60 traders who saw me trade it in real-time in 2 different live chat rooms. I had my 2nd best trading day of 2010 thanks to ABIO. At 8:30AM [...]
Yesterday was my best trading day for 2010…all thanks to SOMX. I caught the first spike for a good +$5K and the secondary breakout for another +$13K. SOMX could have been played by anyone that was alert and had the intra-day 1-min chart up. The first spike may have been elusive to 99% of people, [...]
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 [...]
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 to defend technical [...]
