Joined Nov 29, 2008
329 Blog Posts


Hey, what’s up? Hope everyone had a great week. I know I did. I’m just wondering about my readers, viewers, and followers and wanted to catch up on what you guys are doing. I hope this blog, my shows, articles, tweets, and everything else have greatly contributed to your growth as a trader. To me, it seems like I learn something new every day and that’s how it should be.

If you made money from my calls, articles, or anything else, LET ME KNOW! I’d love to hear about it. In addition, if there’s something you’d like to see on the blog, my show, or twitter, send me your feedback. My eyes and ears are open to you. I’ll be free this weekend (no traveling) and would be more than happy to open up some dialogue with each of you. Shoot me an e-mail at JCLee84 @ hotmail.com (no spaces in e-mail address), or leave a comment below and I’ll get back to you as soon as possible.

Have a great weekend folks, and yes, I’ll do an ABIO trade review this weekend.

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2-Year International Markets

Nearly the rest of the world is in some sort of IT/LT consolidation range, most of them in rectangles, asc channels, or desc channels. However, we are blasting higher. There’s obviously a divergence here. Look for any breakouts of breakdowns from consolidations in multiple international markets for clues.

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The Longest Testimonial I Ever Got

I received my longest (ever) testimonial from a private coaching student I trained in January 2010. I decided to post it, unedited (sorry about the cuss words, but I didn’t write them):


(March 20, 2010)

When asked to summarize the core of his philosophy, Ralph Waldo Emerson replied, “the infinitude of the private man.” If you asked John Lee for his outlook on life, he would probably offer a similar sentiment. However, where Emerson was known primarily as a thinker, John is a man of action. John is an example of someone that refused to be pigeonholed by society into becoming an institutionalized slave, and instead carved a path for himself through mastery of short term equity trading. For those of us lucky enough to know him, he is a true leader that changes people’s lives.

Before signing up for John’s training session, I was a college grad with a fresh job doing financial consulting . In college I had the average mindset of everyone else in the pack, “do as well as possible in school, and try to land the best paying job that will look good on a resume.” Both of my parents are self-employed, yet somewhere down the line I was brainwashed by society into thinking there was only one way to secure a future. I wasn’t sure where I really wanted my life to go. Soon after starting work, I quickly realized that being a corporate slave wasn’t for me. My biggest issue is that I am paid for my time. I know I can use my time more productively. As an employee you are rated on your “utilization” but for fucks sake how can you look at yourself in the mirror when you are being “utilized” essentially for someone else’s gain? How about trying to utilize your own time for your personal gain and development? This thought would eat at me constantly and I needed a way to live on my own terms, within a framework for creating self-made success. John’s teaching is geared toward those with the individualist spirit of Emerson, who wish to take control of their lives, but have the motivation to make it happen. He offers a framework for owning your future.

If you follow John’s blog, you know his methods work. The results speak for themselves. John has synthesized the knowledge contained within his vast library of financial texts (which he will share with you if you choose to sign up). His concise teachings are essentially a rundown of the most effective and powerful strategies for maximizing your gains while minimizing exposure (and risk).  In my first month of trading and testing the waters, I was pretty much break-even, which isn’t bad for someone that had never placed a trade in their life beforehand.  In my second month, I am up 22% in three weeks.  This is not a matter of luck; I work a full time job and have put in at least 20 hours per week scanning for set ups and studying the methods. John is a terrific teacher and offers continual support, both during and after market hours.

The $4,000 fee for his service is truly a gift if you have the motivation and discipline to stick with it. Would you pay Peyton Manning to teach you how to quarterback? Would you pay Larry Bird to teach you to shoot a basketball? This may sound like an exaggeration, but it’s not. Coaching by those athletes would also come with a disclaimer reading “does not guarantee results, but it sure as hell would increase your chances of success. John’s training is just like anything else; the more time you commit, the better you will become, but how far you go is ultimately up to you.

This system requires organization, discipline, and self-analysis more than anything else. If you are motivated to self-improve, apply for the program. This has been by far the best decision I have ever made. I am incredibly motivated and will not let this opportunity go to waste. Two months after training, I feel like my life is at the apex of an ascending triangle, ready to BTFO.



That’s whats up. Great work!

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Trade Review: SOMX

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, but the secondary breakout is no excuse because you had every opportunity to buy the stock on the first spike out of it’s base, then it’s reach to the spike’s high, and beyond.

SOMX got halted prior to 12PM for reasons of news pending. It was also announced that the stock would re-open at 12:05PM. Normally, one does not have the luxury of being able to be ready for the spike. Like NUVA and my various AIG trades, the first 1-min spike bar held up and sustained itself. This first spike automatically broke above 4.80 (Nov 2009) and 4.88 (March 2010), alerting of a full-scale technical breakout. The secondary breakout was marked by a break from the neutral range as well as another breakout above $8.

This is another example of a trade where you either caught it or you didn’t. There is no in-between. If you were fast and on the right side, congrats. If you were slow and/or on the wrong side, there are lessons to be learned from the SOMX trade. Whenever the first spike holds up and immediately breaks through the nearest major resistance, it is a long trade. If it fails to penetrate major resistance, it will fade, for a short entry. Upon breaking out, it is a signal of further momentum, giving opportunities to scale-out of the position.

Looking back this year, I noticed that I had at least one intra-day spike play once every 1-2 weeks. I do miss some of them, but you only need one of these plays to make your day, week, or month. After a huge win, it is my standard protocol to take it easy the next day (t0day) and play with only 1/2 size positions and cut down on frequency. People say that you shouldn’t trade with emotions, but since we’re human, emotions are inevitable. After huge wins and losses, always remember to take a break, refresh, and then get back into the game.

Some charts with levels marked below. As each target is reached, you have to pull back to a longer time frame to find the next target. It is 4AM and I need some rest. Have a good one folks.


Earlie screenshots from the day and stuf f;:



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Longer-term: Casinos

I will be deploying casino positions in my long-term accounts. Charts on all timeframes are telling me that a longer-term holding is the best way to capture the majority of the upside. Take a look at the 10-month and 3-year charts of MGM, LVS, and WYNN.


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