Art of trading.net

ART OF TRADING Member Success Story!

2012-02-15T19:44:00.000-08:00

Hi Stewie -

First I should say THANK YOU for the most excellent service. Your chat room and general market commentary are priceless for less experienced investors like myself who are just as interested in LEARNING the game as much as they are simply following trade signals. Your site is second to none for that and you are welcome to use any of this as a testimonial.

Please find attached my trades from today - I keep record of every trade I make along with little notes so that I can review later and find out what I did right/wrong. I have also adapted your PENALTY BOX rule which I think is simply brilliant! That kind of discipline is very, very admired.

Thank you again Stew!

Kind regards,

Chad

2 Stocks To Watch Today

2012-02-15T06:14:00.000-08:00

Both these stocks are setting up in bullish patterns and carry a quite high short interest.

Both have already announced their earnings and thus far their charts are reacting in a constructive manner.

Happy trading!

10 New Setups To Watch

2012-02-13T17:18:00.001-08:00

Let's Review The Chat Room Calls

2012-02-04T08:28:00.000-08:00

Hello everyone!

Wanted to do another VISUAL review of the setups that we were watching and calling out in the chat room on friday. If you were in the chat room today and willing to trade some ideas, chances are you played at least one of these ideas seen here. Let's review what i was seeing in these ideas! Hope it helps!

Let's Review The Chat Room Calls

2012-02-02T17:49:00.001-08:00

Hello everyone!

Wanted to quickly do a VISUAL review of the setups i was watching and calling out in the chat room today. If you were in the chat room today and willing to day trade some ideas, chances are you played at least one of these ideas seen here. Let's review what i was seeing in these ideas! Hope it helps!

Gotta give a hat tip to @EXPstocktrader for the ACHN idea.

Let's Review The Chat Room Calls

2012-02-01T17:04:00.000-08:00

Hello everyone!

Big Rally Days Can Make Some Traders Very Emotional

2012-02-01T11:05:00.000-08:00

Hey guys.

Super strong rally that definitely caught many by surprise, including myself! I am very hesitant to get into new long positions for swing trades today simply because we are right back into some resistance zones in SPY. Many traders get very emotional on big rally days and feel like "I need to banking big money today" because it's a a big rally day. In my years of trading, i noticed that the best gains in stocks come on the days following a big rally. I will go a step further and say that often times, some traders will actually experience losses on big rally days simply because they feel like they need to be making LOTS of money and hence do all sorts of sloppy trading decisions like chasing gap up opens, over trading by taking every stock setups that triggers in a desperate attempt to 'BANK BIG MONEY". imho, and this is an observation that comes form experience, the best setups and lower risk/reward trade setups come in the days AFTER the rally.

As far as the SPY goes. I am in the camp that thinks a few days of sideways churning and basing near the 133.00 zone will help setup more upside possibly to 135 on SPY.

Trade wisely.

Short Setups To Watch In Case The Bears Mean Business!

2012-01-31T19:13:00.000-08:00

Hi everyone!

Running thru my scans tonight, i am starting to see some warning signs that this recent rally might be starting to stall out. More and more short setups are starting to pile up on my lists now. I think the recent selling (we've seen last few days) and slow drift back up to close flat is doing a great job of making the bullish camp more complacent, thinking that every dip is gonna be bought. I am going to be on the lookout for more signs of selling on strength (exactly like we saw this morning where we gapped higher and faded lower). I am going to be watching a mix of long and short setups tomorrow and the next few days to see which side gains the better advantage.

Good luck!

10 New Setups To Watch Next Week

2012-01-29T11:37:00.001-08:00

ART OF TRADING Chat Room Etiquette

2012-01-28T11:38:00.000-08:00

Art Of Trading is almost 3 years old now and it took LOTS of hard work, perseverance and dedication to build the thing that it is now. Hard work not only in terms of years of painful lessons learned along the trading journey by trying various methods and styles of trading but also hard work in terms of looking out for YOU, the trader, the person. My aim has been (and continues to be) to treat EACH one of you as people who worked VERY hard for their money.

The goal is to bring you the BEST ideas and TOP NOTCH teachings not only from me but from others traders in the room who are also hungry to learn, grow and share their journey, path, methods, tools & knowledge. I want to create a TEAMWORK spirit, a winning attitude and a united camaraderie. I can say with great confidence and pride that many walked thru the ART OF TRADING doors as 'newbies' and now 1-2 years later are more knowledgeable, confident, capable traders. It takes a lot of behind the scenes work to make this happen and create an environment which makes this process easier for everyone. I know we do have this here in the AOT chat room and i will never cease to make it a productive and efficient learning tool for everyone involved!

The chat room is a WONDERFUL place to meet traders just like yourself who are eager to share, learn and grow but as the chat room grows in size i want to MAKE SURE THAT THE CHAT ROOM STAYS CONSTRUCTIVE, HONEST, EFFICIENT, "EGO-FREE", ACTIONABLE.

We all want solid ideas and information. Remember: There are lots of other traders on there who want to learn so please make sure you CUT THE NOISE and focus on ONLY delivering "good" trading related ideas.

Avoid too much political talk.

Avoid Bickering. (Something that I must say is extremely rare in the AOT room and I thank you all for this!)

CUT down on the "noise". Share and use information that you think will help the room. In other words, please avoid "bragging", "I told you so", "chest beating". All that stuff is childish and has no room here. Leave that for the Yahoo message boards.

Give credit and Kudos where it's deserved. If some helped you make a good trade. Chances are he/she worked VERY hard to spot that good trading opportunity and researched the idea very hard so give them credit or kudos. It helps raise their confidence and makes them eager to bring you more ideas!

Keep in mind that someone less experienced might be eager to learn so share your knowledge responsibly and honestly. It's ok to take losses, we all take losses from time to time. It's human and it's natural part of the trading game. Nobody is 100% accurate.

On my mission statement on the front page of the Art Of Trading website it reads:

"I have also designed a chat room where traders from all around the world congregate daily to exchange their best ideas: Traders helping traders so we can ALL win together! I am trying to build a community of WINNING traders."

I stand firm by this statement and work very hard to make sure that my traders are strong, confident traders eager to learn, grow and see each other grow.

Share your ideas with the community with that mind.

Thanks for reading.

God bless.

ART OF TRADING Member Sends Feedback After Only 2 Weeks On Board

2012-01-27T13:13:00.001-08:00

Hey Stewie,

I had a great day with ZNGA yesterday and a great morning with HGSI and DNDN today.

I wanted to let you know how helpful you and the community at AOT have been to me. Before I joined AOT I had been working very hard but was extremely frustrated with my unsatisfactory trading results. In the short time since being with AOT and studying Trader Stewie I have had a complete transformation as a trader. For months I have been getting scared when I see down ticks, chasing breakouts, very emotional, elevated heart rate etc.. I had no control of myself or my emotional reactions while I was trading which had never been the case in any other facets of my life.

When I found Trader Stewie, he seemed to be speaking to the exact points that were hindering me but that I was having so much trouble getting past. The mental aspect of trading, the patients and self control you must have, and the discipline to trade your rules no matter what.

I'd competed in wrestling for many years and eventually at a very high level, for my first 3 years I was not very good. During the off season off my 3rd year I put in a huge amount of hard work and I felt like I was getting alot more comfortable on the mat. A few weeks later before the start of the new season I was at a wrestling gym training and there was a wrestler there from another school who had beat me multiple times the year before, eventually going on to win the state title for that weight class. I had watched him for years rip through the local and state competition, winning tournament after tournament and eventually winning the state title. When it was our turn to partner up and go at it, I destroyed him. Every movement he made I could feel coming from a mile away, and even though I was very surprised with what was happening I instantly knew that there was no way he could win. In that moment it had "clicked" and I knew I had become good wrestler. I walked out of that gym with a supreme confidence about my physical abilities that has never left me.

I tell you that story because I feel that over the last two weeks my trading has also "clicked" in the same way it did with wrestling all those years ago. It happened while I was having my first real killer day, I had absolute discipline and for the first time ever I was truly calm in the trade and had confidence in my decisions. I have been killing it ever since and I will never stop. In a very short time I have become confident in my decisions, very selective, very patient, and the results have been incredible. As long as I trade my rules and never let myself take a big loss I can not loose. I have achieved the same confidence about my trading as I once did of my wrestling ability and I know now it will never leave me.

It feels great to wake up in the morning with a plan in place from the night before, and to know I will follow that plan and will have a great chance to make money today. This is an incredible time in my life. Looking upon it I find it remarkable how hard work and a person who you have never even seen face to face, with a will to help out his fellow man can make a change in someones life. To me there is no price you could put on the knowledge and help that has been given to me. I feel like I can't thank you enough for what you have done and just hope that one day I can help someone in the same way you and the AOT community have helped me.

Thank you,

Aym

Many more reviews on Art Of Trading can be found HERE

ART OF TRADING Member Success Story!

2012-01-25T13:21:00.000-08:00

Wanted to share a big success story from a fellow AOT member! "DC" from the chat room had his biggest day ever today scoring a profit of $27,345 today and here's how he did it. Love to hear these kinds of success stories and just had to share.

Here is my trades today

Symbol	Qty	Last Price	Chg $\|%	Mkt Value	Total Chg $
AEM 32.50 FEB 12 C	25	4.61	+2.01	11,525.00	+5,025.00
AEM 35.00 FEB 12 C	25	2.73	+1.58	6,825.00	+3,950.00
AEM 37.50 FEB 12 C	110	1.33	+0.89	14,630.00	+9,790.00
AMLN	1,500	11.42	-0.01	17,130.00	-15.00
CHK 23.00 FEB 12 C	100	0.96	+0.30	9,600.00	+3,000.00
CHTP	2,000	4.63	+0.10	9,260.00	+200.00
NGSX	4,000	0.93	+0.03	3,720.00	+120.00
RIMM 13.00 FEB 12 C	25	3.35	+1.15	8,375.00	+2,875.00
RIMM 16.00 FEB 12 C	40	1.22	+0.60	4,880.00	+2,400.00

($|%): +27,345.00

Video Review On A Breakout and Backtest Trade Setup

2012-01-21T10:30:00.000-08:00

Trade taken this week at the ART OF TRADING.

Video explains how to spot and trade BREAKOUT AND RETEST patterns.

hope it helps!

ART OF TRADING Member Feedback!

2012-01-19T15:27:00.000-08:00

Stewie-

Excellent work today. It was my first time in the chat room in over a

year. The trades in there today were unreal.

Due to a crazy work schedule and a lack of belief in the markets, I

hadn't traded much since the crash in August. Today was my first day

of trading and it was wildly successful, thanks to you and your

buddies in the chat room. So- thank you much, I appreciate it.

-Kevin H. (ART OF TRADING member for over 1 year)

ART OF TRADING REVIEWS HERE!!

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ART OF TRADING.net

New Setups To Watch

2012-01-14T14:24:00.001-08:00

ART OF TRADING REVIEWS HERE!!

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10 New Setups To Watch

2012-01-10T17:29:00.001-08:00

Never Chase Big Gap Opens

2012-01-10T09:34:00.000-08:00

I normally avoid chasing any breakout plays from my watchlists or gaps when the market gaps up big on news. I normally hate chasing gap ups in a "good market" so chasing gap ups in a "suspect market" is something i try and not do. So if there are any setups that 'triggered', i will unfortunately just have to pass on them for the time being, allow them to RE-SET UP and observe the action for a couple of hours from the sidelines. I like to look for two things:

1. Is this gap holding?

and/or

2. is this gap fading?

Most importantly, are the internals favoring the Gap's direction and are stocks on watchlists holding their gains?? This is extremely important for short term direction and in determining whether to get active or not. These are also very important in determining a market's true intentions: strength or weakness.

I always urge patience when we see big gap up and big gap downs. Allow the proper intra day setup to come to you.

Good trading!

5 New Setups To Watch

2012-01-03T18:46:00.000-08:00

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All Done For 2011

2011-12-28T10:21:00.000-08:00

Officially all done for 2011 as of today. Volume has dropped off a cliff this week and see no point on being out there risking capital and risk making silly mistakes with only 2 days left in 2011. Saving my energy and focus for January 2012!!

Here's the FULL Art Of Trading Performance

We had 9 profitable months and 3 losing months. Overall i am pleased with the performance but like every other trader i know, there is ALWAYS room for improvement.

I decided to take a very conservative approach starting in early June once we started seeing an "alarming" number of failed breakouts and just prior to index charts rolling over hard. This helped many AOT members stay out of trouble during the July/August crash. One of the key strategies i was "forced" to adopt was to eliminate swing trading almost completely for a while. This was done out of necessity pretty much since most of the news was coming overnight out of Europe while US markets were closed. In hindsight this was a really sound decision when looking at what had transpired and seeing how the Euro zone crisis had escalated to levels i couldn't have imagined previously.

Some recent feedback from ART OF TRADING members:

"Your service has been invaluable to me (my portfolio is up 25% this year thanks to you and everything I learned in the chat room). I will not unsubscribe, ever! :)
Thanks!

Claire (ART OF TRADING member for 9 months)"

"What a great day! Today I traded DMND, AAPL, and WNR all for profits.

I lost a lot of my account value in this summer's crash. That was when I decided to try trading instead of traditional investing. Thanks to you and the chat room I have recouped all my losses and am green :)

Thank You!

Soozie" (ART OF TRADING member for 4 months)

"Best Trading room!

I'm fairly new to trading with just over 1 year of experience. Tried a few chat rooms around before I landed on Art of Trading. I can easily say this is the best trading room with the smartest bunch of guys - focus on high quality trades, good risk management and great sense of market direction. I've benefited immensely from their experience and have definitely improved my risk/reward with my trades.

LongCandles" (ART OF TRADING member for 3 months)

Check Out More ART OF TRADING REVIEWS HERE!!

An ART OF TRADING Member Books A 200% Gain In AMZN Puts

2011-12-21T12:55:00.000-08:00

Got this email today from Ganesh(Gan333) who has been a member here at the ART OF TRADING for over 2 years. Earlier in the morning, i mentioned AMZN as a good short. Ganesh took the trade via PUT options and scored an amazing 200% gain in about 3 hours!

"Great call on AMZN short entry in the chat room, Stewie.......here is attached that trade that says it all.

Of all the things I have bought and sold in the last 3 years in the market, this service is the best buy and hold investment.........and on a recurring basis too!
And I've tried quite a bunch of services.....but your personal take and mentorship on a realtime basis on the market is what makes this special.
My trading style has definitely benefited from your advise to buy and more importantly NOT buy.......

'Fuinha' and 'LongCandles' from the chat room make many great calls too!"

New Setups To Watch

2011-12-18T18:56:00.001-08:00

"Hey stew

I played the GLD short setup this morning by buying jan 145 put options and im up 70%! thanks for the setup! should i hold or sell some, wow never thought i would see gold slice tru the 200 day like that, is this the start of something bigger?"

Pascal (New ART OF TRADING member still on free trial!)

Stewie,

I just talked to Paypal and my account should be good to go. Please reactivate my subscription. Your service has been invaluable to me (my portfolio is up 25% this year thanks to you and everything I learned in the chat room) so I will not unsubscribe, ever! :)
Thanks!

Claire (ART OF TRADING member for 9 months)

For a 14 day free trial, visit us at ArtOfTrading.net

New Setups To Watch

2011-12-06T20:12:00.001-08:00

No Panic Selling Despite Extreme Oversold Conditions

2011-11-23T08:10:00.000-08:00

Check out these readings on the Mcclellan index is now starting to exhibit readings rarely seen at this extreme. Something to be aware BUT not a reason to go and buy everything in sight. Remember, this is only something to be aware of. It's NOT a BUY SIGNAL in my opinion. Sure we could see a bounce soon to relieve some of these oversold readings but the real story is happening in the VIX chart in my opinion.

As far as i am concerned i still do NOT see any climax or capitulation selling which is often seen near major market bottoms. Please look at the VIX chart attached very closely. Take a few minutes and study it.

What do you see? Based on that chart of the VIX, do you believe the SELLING is done yet? Do you see panic selling? NOT ME.

Conclusion: we are going LOWER. How far lower?? Not sure at this point. My only advise is DO NOT be a hero. Let the market tell you where the bottom is.

Good luck out there.

New Setups To Watch and Market Analysis

2011-11-13T11:48:00.000-08:00

Check Out More ART OF TRADING REVIEWS HERE!!

JOIN US FOR A 14 DAY FREE TRIAL TODAY!!

Make sure to ask about SMS texting of the alerts and Auto Trading of the alerts!

ART OF TRADING.net

Things I've Learned After 15 Years Of Trading

2011-10-31T19:08:00.000-07:00

Never underestimate the power of a momentum move. Up or Down. Once the freight train is in motion, it will keep going much further than most have anticipated.

Price is the only that matters. Adapt to it, don't fight it.

Don't under estimate the power of desperate money managers in the fourth quarter. They need to beat their bench marks or risk losing their jobs/clients.

Mental stops will ensure you an emotional trade. Don;t use mental stops. You are either in the trade or not. Mental stops invite emotions.

Mental stops is another way of saying : "I am not sure where to place my stop"

Adding to a losing position is one of the best ways to end your trading career.

The biggest winning trades normally have big volume driving them higher.

Trading triple ETFS will deplete the account over the long term.

"Too many eyes" on a key breakout point will most likely cause that pattern to fail first. AKA ; fuckery. Revisit the "NEW" setup after the fuckery has shaken out the majority.

Sentiment is always more negative on bottom retests than in the FIRST low. Watch out above if the retest is successful.

Most double bottoms come with strong MACD/RSI divergences. A powerful event if you see this.

Be aware of stocks that take "too long to go". early indication of demand drying up.

The best trade setups, work immediately after they trigger. They barely give you a chance of to jump on board.

The best traders are incredibly nimble. They can be bearish but still capable to taking longs without hesitation.

Perma bears and perma bulls eventually get washed out of the market. You have to respect a strong bull market and you have to respect a mean bear market.

More trades does NOT equal more profits. LESS IS MORE.

The best traders i know, keep their routine very simple.

Price charts and volume is all you need. Most indicators are noise the majority of the time.

Never confuse YOUR macro views with what is actually happening in the stock market.

Economy could be in recession but if the market is rallying, you need to listen to the market. It pays better.

Fighting the trend doesn't pay well. In general, trading with a trend, pays off much better.

Get aggressive when you make 2-3 good trades back to back.

Get VERY defensive when you make 2-3 bad trades. Often times traders will do the opposite. (Self destructive behavior).

Trading on margin is the surest way to emotional decision making and eventually will wash you out of the business.

Never underestimate the confidence building power of a tiny gain that is booked. Green on the screen helps build confidence for future trades.

Big winning streak start with tiny wins. (The snow ball effect).

Most losing streaks start because a "basic' rule was broken. Emotions taking over.

IN bulls markets, if you are to err, err on the long side. NOT SHORT. Short squeezes can be powerful and painful.

It's ok to be wrong but it's NEVER ok to "STAY WRONG".

Good fundamental analysis and proper technical trading is a killer combination. Think CANSLIM / IBD (investors Business Daily)

Too many bullish setups is NOT always a "good thing"/ A plethora of bullish setups normally precedes a big down day. Aka: Fuckery.

Trading stocks is a lot like a beauty contest. What looks best, wins.

THe best technical patterns is the BULL FLAGS. It comes in many varities. Learn to spot them.

Candle stick patterns don't mean anything WITHOUT follow thru. A Hammer or a DOJI means nothing unless it gets follow thru the next day.

Very hard to short a market when the financial stocks(XLF) are strong.

Trading with 'conviction' is great BUT trading with 'arrogance' is a sure way to the poor house.

You have to understand, you cannot impose your will on the market. The market is bigger and smarter than you and you need to adapt to it. Not the other way around.

Sentiment polls are worthless for the most part. Focus on price action.

More market bottoms take place in October than in any other month. A simple observation that i made over the years.

Always be aware when short interest on the NYSE starts to hit record highs. Normally means we are getting close to a major bottom.

In december, small caps and micro cap stocks(junk stocks) come alive. many will double or triple in a few days.

Keep your approach as simple and basic as possible. Can you explain it to a 10 year old?

The market is master at forecasting events well ahead of time. by the time, the actual news hits, the market has already discounted it.

never short a market in momentum mode.

Never short a market that is "quiet" or "choppy".

Trading in choppy market is one of the most difficult and frustrating things to do.

Shorting over the long run pays very poorly. Odds are heavily stacked against bears over the long run.

Many strong forces are constantly working against shorts: PPT, short sales bans, government intervention etc.

Every stock will go thru a period of accumulation, topping out, distribution and bottoming and a new cycle begins. Rinse, repeat.....

Big long candles on big volume are often the start of something bigger. Scan and track those stocks. Many will end up being big winners.

Trust your gut, if something doesn't 'feel' right, sell it. Analyze it from the sidelines (emotion free)

Chat rooms are the best learning tool but be aware of what is noise and what is quality actionable, tradeable information.

Be ware of trades that "fill easily". The best trades barely give you a 'good price'.

It takes a brave soul to admit a trade is not working and sell it at a loss. The 'easy' thing to do is carry the position and "hope" it turns.

Your 'hardest' work should be done while the market is closed. So that when the market opens, you will be prepared once your setups become active.

Surround yourself with POSITIVE people. haters are hating for a reason. They are LOSING. pure and simple. Positive people are winning or on the right path to winning.

Work HARD and work SMART. Both are equally important if you want to make a profession from your trades.

The character of the person will be tested when things are going horribly bad. Will you be the phoenix to rise from the ashes?

Don't brag, beat your chest when things are going well. Eventually mother market humbles us all.

The harder you force trades, the more likely to lose. Allow the natural process to happen...naturally.

Lucky breaks normally come when you are trading well. Unlucky breaks come when you are trading poorly.

Wining and losing streaks come in cycles. Be aware which cycle YOU are currently in. Be aggressive when winning and confidence is high.

TOPS are a long process, rarely a single day event.

Failed breakouts and deterioration of stocks under the surface are the first warning signs. Fewer and fewer stocks left holding up the indexes.

BOTTOMS are a process, rarely a single event. Many stocks start to bottom well ahead of the indexes.

Always be aware of what is going on in the "MARKET OF STOCKS", not just the "stock market". INdexes will always react to what is happening to stocks under the surface.

in bull markets, you buy dips and trade breakouts when momentum is clearly UP. In bear markets, you short weak low volume bounces and short breakdowns when momentum is clearly DOWN.

Don't be a bull, don;t be a bear: Be a predator. constantly lurking and stalking the "easy prey".

Perma bulls and perma bulls are dangerous, lazy and arrogant. Don't take their views too seriously if you care about YOUR account.

It's not about being 'bullish' or 'bearish'. It's about being RIGHT. Please understand this. It's vital to long term survival.

Catching falling knives will sooner or later land you into a mine field. Big difference between buying a dip and catching a falling knife.

Swing trading triple ETFs will give you insomnia. Is it really worth it?

Professional traders know strength begets more strengths. Weakness begets more weakness.

Anticipate "now" what you think will be 'popular' later.

Most traders are never "happy" with their trades. Understand that no trade will ever be "PERFECT".

When a stock breaks out on big volume. The first dip will normaly bought up very quickly.

If you have no solid plan(i.e. Setup, proper entry, stop loss, exit strategy, target), then why are you in the trade?

Often times, the best trades require you to buy high and sell higher.

Learn to be patient once in a winning position. Learn to be very impateint when in a losing or questionable position

Lowering a stop loss is the first sign of trouble. You are breaking the rules and emotions are starting to creep in. Careful when u see that.

Never ever, get into a position that is "too BIG" for the account size. All it takes is a bad trades to cripple you beyond repair.

It's ok to say " i am wrong and what do i need to do now?"

Always be aware of which stocks are exhibiting STRENGTH in a weak tape.

Always be aware of which stocks are exhibiting WEAKNESS in a strong tape.

Boredom trades costs add up and can hurt you. Be aware of when you are simply bored and looking to trade something "JUST TO TRADE"

You will never buy the exact bottom and you'll never exact sell the exact top: Don't beat yourself up if "you left money on the table"

EMOTIONS is what causes most traders to break their rules.

It's NOT the news that is most important, it's the REACTION to the news. Respect the price action.

Use YOUR gut. If it doesn't 'feel' right. Remove it. Reassess from the sidelines(emotion free).

Have a list of setups READY for the following day. Know the trigger prices ahead of time. Have plan: setup, position size, entry, exit, max loss and targets.

NO plan? NO TRADE!

10 times out of 10, Traders who carry BIG losses wishes they had respected their "ORIGINAL" stop. So, respect the ORIGINAL STOP LOSS, ALWAYS!

Over trading is the POISON for your trading. LESS IS MORE!

Never chase GAP UPS. Allow the first 45-60 minutes to pass by and then see what is setting up best intra-day.

You want to enter stocks that have the BEST bases on ALL TIME FRAMES. Weekly, daily, 60 min, 30 min, 10, 5 min. << the more time frames align, the higher the probability the trade.

Focus on finding "GOOD BASES" :: The longer a stock bases, the more meaningful the breakout.

Keep a balanced life. It's not all about the screens. Spend time with family, friends: They deserve more attention.

Stay humble, stay grounded, remember where you came from and where you want to go. What is here today, can easily be gone tomorrow. Respect what you have yet shoot to achieve more.

cheers and god bless.

An ART OF TRADING Member Asks For Help

2011-10-27T18:49:00.000-07:00

An ART OF TRADING member of 4 months has been going thru a hard time in the market lately, here's what he writes me. Rather then simply answer his question like i normally do, this time i wanted to do something different and i asked other ART OF TRADING members to help him out and give him their BEST advice on his very familiar situation.

Here's what "JOHN DOE" writes me:

"HI Stewie,

this is my current situation as of now.

I started out with around 30k capital , and am currently down to around 22k, (-26%)
using the law of percentages, I need around 36.9% to break even.

My greatest loss was in a TZA trade, which cost me around 10.5%, which was pure stupidity because I didn't obey the stop losses that I put into place. (Pure greedy)
I think my total losses in $TZA has been around $6,960 , which amounts to 22.8% of my capital. (BIG Mistake there)

As of now, I am under the PDT rule and am unable to day-trade more than 3 times.. my first aim is to get back to 25k.

My current strategy:

I usually follow your trades/alerts if I am on the computer. I personally prefer the momo breakout trade setups
I have a1% stop loss in any trade, calculate the stop & entry to determine no. of shares and check target to see if it's realistic
If trade target is realistic, I go in.

_____________________

My question(s) I have for you:

- Is my stop loss too high now that I am under 25k?
- Is my current strategy realistic enough to get back to my first target of 25k?
- You mentioned just now that if you were me, you would skip day-trades and do swing trades instead be very selective about the trades.. could you give me some guidance on this?
- Could you work out with me a trading plan that I can stick by? I understand that this takes time, and there are no fast ways to go about doing it.

If you need more specific information please let me know!

Thank You Stew, really appreciate you helping me, my 4 months in the chat room has really taught me so much about trading!"

Let's help him out guys!! Share with me your ideas! what do you suggest? There are no right or wrong answers. Thank you in advance!

Here's what "Bryan" and "George" wrote back: These are two of the better answers in my opinion and wanted to share it here on the blog. Hope it helps some of you newer traders out there who could be going thru a similar situation:

"Stewie,

With a starting account size of $30K, he should have been using proper position size in each trade. I would normally use 10% of the account in each trade (so in this case $3000). Since he was a newbie, I would have suggested only trading one stock at a time so that only 10% of his account was at risk. Any additional positions should have been paper traded. I would be willing to bet that his position sizes have been way too large.

The number one rule of trading is to avoid big losses. Before placing a trade, he should have a stop loss price established. I do not necessarily like using a blanket -1% stop but I understand that many traders do use percentage stop losses. I would normally find the nearest logical support location (such as a moving average, or prior resistance that has been broken, etc.). My stop would go just below that support level. I would then identify where I expect the next resistance level to lie (broken previous supports, moving averages and such). This level would be my target price. I would like to see the potential reward from entry to target price to be 2 - 3 times the potential risk (from entry to stop price). I don't follow this rule when scalping but I don't believe that a newbie should be scalping yet.

A newbie trader with little experience should not be trading any triple, double leveraged ETFs such as TZA. They are inherently risky and the potential loses will deplete his account before he learns how to trade. Instead of TZA he should trade RWM or an individual stock. He has to avoid leverage for now based on his experience level. When you are a new unskilled trader, leveraged ETFs magnify your mistakes by 2 - 3 times.

Having the mindset that you need to make 36.9% to break even is very destructive. That goal is very, very lofty and will put undo psychological pressure on him. He has to consider that $7000 loss as a learning fee. An expensive lesson that stops must be honored, position size appropriate, greed controlled, expectations lowered. Trading is very difficult. You are competing against all other participants in the market. Many of these are seasoned, experienced and skilled traders. When you are a newbie trader it is like a Pee Wee football player going up against the Green Bay Packers. It takes years of education to become a doctor, lawyer or engineer. Trading is just as difficult as these occupations yet people expect to start trading with no experience and education and to be successful immediately. Personally, it took me about 2 years to overcome all my stupid mistakes and tendencies in order to become somewhat consistently profitable. I still trade only a small portion of my available funds. He has to focus on one trade at a time, reward vs. risk. Focus on potential profit and loss on each trade. Forget about making some large break even amount. Also, remember not to over trade.

For a newbie, swing trading would make the most sense. Unfortunately, the current market has not been stable enough to allow overnight holds of positions. Most traders are scalping and daytrading in this market.

I would also recommend that newbie traders not trade as a source of income. Having to come up with a profit to pay the rent is tremendous pressure.

Bryan. " ART OF TRADING member for almost 2 years

"Stew,

Two quick ideas from reading this:

1. I see some anchoring here. Obviously when down we all just want to get back to breakeven - I know because I've been there. But it's really important to learn to view each trade as an isolated risk vs. reward scenario, and let the results, like getting to break even, take care of themselves. If you anchor hard on that 25k number you'll probably make bad decisions. Trading, as far as I can tell, is mostly psychology.

2. Swing trade classic patterns conservatively. That's how I learned what little I know. The big head and shoulder in the SPX before the August dive. The parabolic move in GLD followed by a nice double top. The double bottom most recently in the SPX (a little more chutzpah required). Those patterns are relatively easy to spot - and everybody sees them, so if they get some movement behind them they play out nicely. I have no idea if the member can size positions appropriately to get back to breakeven, but you have to trade what you can understand. My guess would be that it is imperative for this fellow to stay away from aiming for big scores with leveraged ETFs. That seems like a nice way to blow yourself up.

Everybody has to pay their dues - which means literally paying those dues. Hopefully he can trade smart, and if he needs to, recapitalize himself a little bit down the road so that he can follow your alerts in a disciplined fashion. If he can do that it sure looks, from my limited time here and from looking at your record, that he can be successful.

I hope this works out for him. It's tough to breathe underwater!

best,
George" ART OF TRADING member for 2-3 months

Hi Stewie,
Here are my thoughts for the fellow member

1. First of all newbie should not trade 3x ETFs. Even 1x ETF's is hard to trade. Individual stocks are easier to predict, so it is easier to trade and get profit.
3. Stop is mandatory! You always must know your stop. Stop must be set on every position you have.
2. Find a one chart pattern that you like, understand and know how to play it. Look for that pattern in various stocks and trade it. Don't try to learn everything at once. Learn to perfection one pattern and only then start learning another. If you cannot find chart with that pattern, wait and learn do nothing.
3. When you find good chart ask others what they think of it.
4. Draw trend lines and your thoughts on charts, put a date and look at them after a week, month, three months.
5. The first goal is stop loosing money and only next to get back to 25k.
6. Not being able to day trade is a positive thing for a newbie.

Best regards,
Laura

Hi Stu,

I'm not a super successful trader but i've been doing it a long time... the way i have survived and profited (modestly), if i had to think of one thing is position sizing... i am religious about it. On a risky trade or boredom trade i risk 100. on a trade later in the day after a nice run of good trades i risk 200. on trades i think are a "lay-up" (grade a) i risk 300-500. no matter what i risk i always run it through my position size calculator... http://oak.ucc.nau.edu/del/stockcalcs/sizer.aspx My second rule is i walk if i lose 300-500 in any combination of trades. i also only risk .1% to .25% (yes those are fractions not whole numbers) per trade of my capital, so if i do have a bad day i can stay in the game mentally the rest of the day or the next day. The best offense is a good defense. this advice is coming from a mediocre trader who without these techniques would have never survived!!

best.

jack.

I've been on the same boat. Some thoughts from my experience....

- Always enter a stop immediately after you enter the trade. No mental stops to take emotions away from the trade. Would seem like preaching to the choir here.....but only using mental stops killed me for a year (i've been trading only 1.5 yrs now). I had 70-30 win-loose ratio but those 30% trades took away more than my profits.

- Never hold leveraged ETF overnight. Only exception would be if you're deep in the money and willing to give away profits. Market direction for next day is a random walk.

- 1% stop usually doesn't work on low priced, low volume stocks. Classic example was ZAGG today. We would've been stopped out a few times if we had a 14c stop. It works for large cap...i usually use 1pt or 2pt stop on AAPL, GOOG etc, which is usually less than 1%. These trades have worked out well for me since they move well with the market direction.

Manish

Here are some suggestions:

Risk management is the key! Know your risk before you go into a trade. I would advise you to risk no more than 1-2% of your account on each trade. This means that if your account now is $22K, and you risk 1% on a trade, then you're willing to lose no more than $220 on a trade. Follow Stewie's stop loss and calculate the number of shares you buy to match your risk. For example - if the stop is $1 from entry and your risk is $220, then you buy 220 shares. This way of managing risk will avoid situations like the one you described above. And of course - obey your stop!

If you're planning to do swing trades on your own, then you need to give your trades more room to work, which means a wider stop, and under the above system will mean less shares.

If you're planning to give each trade a stop of 1% of the stock price, then again you should calculate your risk according to the above system. (Another way of setting stops is according to the ATR of the stock, instead of a percentage of its price).

I hope this helps.

Moti

Hanging Out With The Family Is What I Enjoy Most!

2011-10-22T11:19:00.000-07:00

Meet my wife Jamelah and my little baby angel Rawan.

God bless your families.

Cheers!

ART OF TRADING Videos: Discussing TWO Trades Taken This Week!

2011-10-13T16:36:00.001-07:00

Absolutely the best chart plays around
This is the first and only review I have ever given on stock advice or picks. I have tried several different services before The Art of Trading. I signed up for his 2 week free trial and started making money the first day. Stewie has trading alerts and chart set up plays as well as a chatroom. Personally for the first two weeks I have around 15 winners and 2 losers. A profit of just about 10k. If you are trying to learn to use charts .....Stewie is the best period. I sound like a commercial LOL but Stewie could charge 4 times his rate and I would not blink an eye.Hope this helps anybody looking for a good quality service.

Earl (Art Of Trading member for 2 weeks)

See All ART OF TRADING reviews HERE

Have We Bottomed??

2011-10-10T13:38:00.000-07:00

UPDATED chart(Above) on October 15th, 2011. I wanted to add the CURRENT Dow Jones chart to illustrate what the chart looks like now: Three weeks after i wrote this original message regarding the 'market bottom' scenario. My target is 12,000 on the Dow Jones which is about 400 points away now. If we somehow are able to get there before year end, we will have to re-analyze the price action and sentiment. Let's get there first tho! It won't be easy.

On Sept 23rd 2011, i sent this email and market analysis note to ART OF TRADING members. I am sharing it here because i think this is what is playing out right now and hints that we have bottomed and some possible targets.

"Hi guys,

I hate making these kinds of projections but it's always a good idea to keep in mind what are the possible scenarios and this way, you can be prepared just in case. Please pay attention to the action over the next 2-4 weeks. As i have been saying for a number of weeks now. This market will have the highest chance at a bottom if it retests and more importantly BREAKS below the August lows. The August lows and it's retest is SO crucial for various reasons. In my 15 plus years of trading, the BEST bottoms come when a key initial bottom or low(in this case the August 9th lows) are retested and hold successfully. As i am writing this email, I am expecting the markets to break thru the August lows sometime within the next 1-3 weeks. This break will force people and institutions to SELL their positions, this will create a very nasty and ugly collapse. If that happens or not that remains to be seen. HOWEVER, the purpose of this email to get you guys on watch for WHAT COULD HAPPEN IF we do indeed break thru the August lows. We need to monitor VERY closely what the market does in the days following this breakdown.

What i will be looking for is a POSSIBLE: 2B Bottom: here's what it looks like in case u never heard of it: http://www.trading-naked.com/2b-reversal.htm

here's another good link that explains the 2B reversal: https://docs.google.com/viewer?url=http://www.surinotes.com/Tradestation/articles/suri2B_TJDec2007.pdf&pli=1

This scenario is what i will be watching like a hawk. If this 2B Reversal sticks and we will find out soon in my humble opinion THEN we are potentially setting up for a sweet rally that will most likely last a few weeks or even months. See the DJIA attache chart.

(I also attached that IWM Chart, an updated chart which i emailed you guys several weeks ago pointing to this BEARISH potential scenario which indeed played out nicely if i may say so myself). :-)

So bottom line, his is a scenario that needs to be seriously considered. Especially now that everyone is depressed as trading and investing conditions have deteriorated considerably. The market normally bottoms once the majority of traders/investors are paralyzed and shell shocked. Many traders contemplate quitting trading/investing all together and ironically that's when the market bottoms and bounces hard, only to suck you back in later after it's moved higher in a big way. Managing emotions in bearish and bullish phases for that matter is so critical folks. Just realize that trading and speculation in general works in cycles. There are bullish cycles, there are bearish cycles. there are momentum trading cycles, there are mean reversion cycles. Stocks do not go up forever and stocks to not stop for ever. catching the exact bottom or tops of move is not how the big money is made in stock market speculation, if you ask me, the biggest money is made by catching what happens in the MIDDLE parts.

I found this very interesting and this along with the idea that a lot of traders are depressed right now. CNBC polled their audience today: They asked bluntly: "DO YOU THINK WE ARE ENTERING A DEPRESSION?" not recession, DEPRESSION. Wanna guess what the poll results yielded?? 63% said we are in a depression!! 63%! Am i the only one that find this absolutely ridiculous?

So, bottom line, I am looking for a POTENTIAL 2B Reversal play soon. Whether it happens or not remains to be seen. For the time being, i am going to focus on short term trading only until i see evidence that we are shifting gears.

I hope this emails help you and if anything at least now you know what a 2B Reversal is!! :-)

Happy Trades!"

10 New Setups To Watch This Week

2011-10-09T12:48:00.000-07:00

"I just joined your site from being at another site. I am glad that you are not super aggressive with your trades. It is a money saver, and someday-the market will probably burn everyone that is just trading SPY, TNA, TZA, at their set ranges right now. I like your picks, and even before I joined, you made me some good money on a GLD short through twitter, and I thank you.

Matt D."

"Hi stewie,

Had a good trading day today – played ADSK short (through the robot), DRV, MOLX, and HANS(from your watchlist)– all made a nice profits!

Thank you for your great work!

Cheers

Ragnar"

New Investimonial from a NEW ART OF TRADING member!

"All around solid, educational trading service

I can't say enough about TraderStewie and The Art of Trading. His recommendations are spot on, numerous, understandable and well thought out. The community and chat room are full of good traders offering excellent advice and recommendations with little chatter.

TraderStewie and his members are all extremely helpful. Getting advice on any stock, etf, etc., is as simple as asking a question in chat or sending out an email. ALL questions are answered QUICKLY!

TraderStewie gives out numerous recommendations throughout the week with clear charts indicating patterns, support and resistance levels, relevant moving averages and entry and exit levels. His recommendations are MOSTLY correct and his actual TRADES are conservative, not risking your money with 'gambles' and 'tight stops'. He even updates his stop losses and trades throughout the day.

TraderStewie gives you several updates during the day informing members on the overall market environment and direction. He is constantly watching the indexes and in touch with market sentiment.

Like I said I can't say enough about TraderStewie. If you don't believe me, sign up for the two week free trial like I did. See if you are not pleased like I was after only a few days!!!"

Review by: "CityTrader"

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10 New Setups To Watch This Week

2011-10-02T13:15:00.000-07:00

Check Out Some Recent Feedback From ART OF TRADING members!

Hello Trader Stewie,

Just wanted to give you a heads up, I'm returning to your service after having previously rashly canceled. Upon further review, and having tried out several other services, I've decided that at my level of trading experience, your service and overall track record of success (in all aspects of trading) were the absolute best. Also, I'm approaching this again with a view to patience and disclipline (and risk management) and am looking forward to the months to come!

Thanks very much!

-John C

Hey great calls today off your watchlist from last night. Missed the SINA trade because of the fast price movement, but caught GMCR, APKT and WLT shorts. Great first day for me with your service!

Thanks

Sid.

I closed my BIDU puts this AM for $8.90 the ones I had bought yesterday AM @ 0.93. I was watching this based on your SINA / YOKU setups.

Ganesh

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LULU and RIC Trade Reviews: Trading Intra-day "CUP & HANDLE Patterns" and "Psychological Resistance Numbers"!

2011-09-19T13:48:00.000-07:00

Two Trades Taken at the ART OF TRADING! Explained in Full detail. So here it goes!

Here's the daily chart that caught my attention. Spotted some potential resistance lines which helped gives me potential targets upon breakouts.

Here's what the ART OF TRADING alert read:

"LONG RIC at 12.00 stop loss at 11.50"

"Going long this gold stock in anticipation of a breakout next week. Holding over weekend."

Here's the intra day (5 minute charts) that caught my interest: entry and exits: See notes on charts above!

Another Trade we did today at the ART OF TRADING!

LULU was on the watchlist the prior day which was emailed to members Sunday. LULU started to breakout on an increase on volume. These sorts of breakouts deserve your full attention.

Here's the intra day setup which was emailed to ART OF TRADING members right after the alert went out to better help explain the setup in real time:

This is what the trade alert read:

"LULU holding up very well in this mess. Looks gearing up for a breakout today or tomorrow. Volume seems to be picking up as it flirts with a breakout. Might swing trade this idea."

Target was 60.00 and we got stopped for a decent gain for this day trade after we raised stop losses to ensure to stop out just under that $60.00 spot.

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5 New Setups To Watch This Week

2011-09-13T19:16:00.001-07:00

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How ART OF TRADING Members Played A Short In The Euro

2011-09-10T00:10:00.000-07:00

On September 6th, I sent this setup to ART OF TRADING members:

"Hi guys,

Here's a swing trade idea that looks decent. Seems like sort of a 'slow mover' but this is a sweet little technical setup that looks to be headed higher."

Here's the same stock setup, UPDATED. What i suspected would be a 'slow mover' ended up netting over 5% in 3 days.

"I got in at $17.71 and out at $18.42. +$0.71...nice gain for one day!

Stephan M. (A.O.T. NEW member still on free trial)

"I still have calls on it. I’m bearish on Europe so I’m going to hold it a bit longer. Actually I have Jan. call options on it from maybe several weeks ago and after I got that email from you, I added to my position, but with Oct. calls. My 45 cent calls are now 65 cents!

Thanks for the great calls as usual!"

Edward N. (A.O.T. member since Feb. 2011)

Stew,

Thanks, I bought EUO at 17.77 in my IRA on 9/6. I am still holding. I will look to exit half today and hold half this weekend unless I see an strength in EURO.
Do you have recommendations?

Thanks!

James M. (A.O.T. member for over one and half years)

Hey Stewie, I filled at 17.70, so looking pretty good(currently at 18.60). Also that long in UUP is holding real strong also. Thanks for the heads up!

Richard G. (A.O.T. member for one month)

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10 New Setups To Watch

2011-09-06T19:34:00.001-07:00

Hello traders!

Here are LONG setups that look half decent in case the bulls decide to grow some balls and start a bounce sometime this week. Here are 10 ideas that COULD see a little more upside from here. All long trades in this current environment are to be taken for VERY SHORT TERM TRADES ONLY! If the market gives us another weak choppy low volume bounce (like the one we saw early last week), i am sure many stocks will give us some decent SHORT setup entries. Overall please remain extremely disciplined right now. Sometimes, in trading, not losing money is just as important (if not more important) than making money. Greedy traders eventually get washed out of the system. Focus on discipline and preserving your account for when things REALLY start to improve. This way you would be financially and mentally ready to take advantage of good opportunities!

With that said, focus on short term trades if you decide trade these setups.

Good luck folks!

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Two Possible Scenarios To Watch Out For Now

2011-08-25T20:59:00.000-07:00

I wanted to do a simple post tonight ahead of the much awaited JacksonHole Bernanke speech.

There is a lot of uncertainty right now ahead of this meeting and needless to say, bernanke's words are going to be a key driver to market's short term and possibly even mid term direction. It's vital to have an open mind right now. The VIX is extremely elevated indicating tons of pessimism and uncertainty.

In the two charts i attached tonight, i highlight TWO possibilities for SHORT TERM DIRECTION. Keep in mind that overall, BEARS get the benefit of the doubt at the moment. I have mentioned on twitter numerous times, this "market is guilty until proven innocent".

Bottom line, you cannot make any solid conclusions based from TODAY's market action or based on the futures action tonight. The charts will speak volumes to us come friday's close and early next week.

Here are TWO possible scenarios to watch out for.

Folks, remember, no matter how convinced you are in your view in the market's direction, there is ALWAYS a valid view on the other side. That needs to be respected now more than ever. Have an open mind right now, that's the purpose of this post tonight.

Good luck out there!

12 New Setups To Watch

2011-08-15T18:08:00.001-07:00

Market is getting a little overbought now after a decent run off the lows last monday. So a few days of consolidation or pullback could be expected soon and would be quite healthy.

We are still not seeing the 'HIGH QUALITY' bases/setups yet but maybe in a few days or after a few days consolidation on the indexes we could see some leadership names start to emerge and take charge while others continue to build more solid bases.

A lot of names are a work in progress at this point. Too much damaged goods out there. It will take time to repair the damage.

Here are 12 setups to watch.

These are ALL short term plays: 1-5 day holds.

Hope it helps!

New Setups To Watch

2011-08-12T06:23:00.001-07:00

For Short Term Trades Only. Good luck!

ART OF TRADING Performance For Month Of July

2011-07-31T16:55:00.000-07:00

See full ART OF TRADING Performance HERE!!

I joined your service yesterday and this was the first trade I took based on your alert.

Got in for a 1000 shares at $8.87 yesterday and sold just now at $9.83.

(+$960 profit on FIRST TRADE!!)

(19 months of membership paid for after ONE trade!)

Thanks!!

Victor

Stew,

Thank you so much. I made very good money on ONTY.

Entry $8.93

Exit 1/2 $9.87Made $1.16 or 13%

Exit 1/2 $10.32

Thanks!!!!

--
Sameed

Amazing trade Stew, thank you so much, you have a crazy gift picking this stuff out!

Dave

hey stew

awesome call with ONTY. in at $8.92 out at $9.91. +11% one the best trades i've had to say since i started trading last year that was sweet! :)

kstock

Hi Stewie, this is leapstrader,

First of all, thanks for putting AOT together, the site is simply awesome and the chat priceless.
I really feel like by paying you $50/month for a trading education is like ripping you off, you ought
to put a donation button somewhere on the page, I guess there's hundreds of us that feel like we owe you.

Dave

Thank you so much Stewie, I've learned so much from you the last 3 weeks that i've been here. I've learn how to be careful/frugal in weird market like this.

I'm a much better trader now...still got lots to learn but if I haven't known you...my account would have been down to the point i'm stressing out since I dont' know how to put stop losses like you ...

Please keep up the good work..and please be patient with my newb questions sometimes.....

take care and hope we all make lots of $$$...

Ryan

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Short Term Bounce Is Brewing

2011-07-28T22:03:00.000-07:00

Hello fellow readers! Hope this blog post finds you in good spirits and good health!

Two of my favorite 'indicators' are starting to show signs that we are 'possibly and finally' seeing some sort of 'panic' which is often seen near short term to mid term market bottoms or bounces. With tonight's Postponement of the congress debt deal decision, this is sending the SP500 futures tanking which is exactly what is needed to really setup some more 'panic'! Many traders bought today expecting a debt deal to be announced by congress tonight. Intead, what we are seeing is a big gap to deal with come friday morning as congress postponed the entire decision.

All day long and and all week long pretty much i have been urging everyone(AOT members especially) to remain extremely CASH HEAVY this entire week. I am hoping most are starting to see the benefits and reasons why i have been urging this by now! Yes, it is 'boring' to be in cash BUT its what makes most sense NOW. Sometimes, we need to be long, sometimes we need to be short and sometimes, we need to be in CASH. This will not last for ever, we are going to get trading opportunities soon! Shoot, we could enter a bunch of trades tomorrow! In a news driven market the most ideal thing to do is to remain extremely CASH HEAVY as bad news begets more bad news until we see massive spikes in the VIX(fearful, panic selling) and the NYMO(McClellan indicator shows extreme OVERSOLD conditions which often leads to short term bottoms and sometimes strong bounces.

Take a look at the attached charts and you be the judge. How comfortable would you REALLY be being 100% short after tomorrow's gap down? Personally as a short term trader, IF I was short coming into tomorrow, i would cover my shorts. But hey, that's just me talking as a short term trader! Trade YOUR plan and YOUR time frame!

Trade em well folks!

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New Setups To Watch

2011-07-22T02:50:00.001-07:00

Here are some setups to watch!

As always make sure to check ALL earnings dates on all your stocks.

I personally never hold thru earnings.

Trade em well!!

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Trading A Short Squeeze: Video Discussing The DANG Trade

2011-07-10T10:49:00.000-07:00

Stewie I sold Dang 14.50 from 13.50 (7.5% gain) and sold NFLX 297 from 288(3% gain) thank you so much. u rock!

Kimia

Took a sweet $1 profit out of DANG. Thanks again stewie. Best service out there by far!

Travis F.

Bot a call for $900 sold for $1345 just now [$445 profit]. SCORE! thanks stewie

Marvin

Made $482 on 500 DANG. thanks!

Stephen G.

Nice calls stewie. Made $800 on DANG and NFLX!

Tyson

Excellent one.. bought the Jan '12 15 calls and sold today for 40% gain! Thanks!

Jeff G.

Swing Trade updates

DANG in 13.48 out at 14.54 +1.06/ 7.86% gain
NFLX in 288.66 out 196.14 +7.48/ 2.6% gain

Biggest gains in Daytrading/SwingTrading so far thanks to you Stewie, Awesome calls

David S.

LONG DANG 13.43, Closed at 14.69 net gain was 451.00!

LONG NFLX 288.70, Closed at 295.6 net gain was 316.00!

Keep it up STEWIE!

Benny

Oh Yea Baby, I did [take the DANG trade]... :)

Entered @ $12.73 (based on your nightly setup graphs previous night) and exit @ $14.60 (slightly later than your sell notification).

Oh by the way, I used July $13 calls so it was a very profitable trade for me!

Thanks Stewie...

Mert

Follow me on Twitter (@mertto)

Hey Stewie

once again thank-you for a fantastic pick i went in DANG at 13.45 and sold it this morning for a $.99 gain.

you make this freaking too easy..

vktrola

I'm in for 1000 @ $13.40. Raised stop to $14.50. Thanks, definitely paid for subscription service.

John K.

Hi Stewie

Here's my trades for the week.

FFIV +.2.24

DE +1.66

DDS +.19

WNR +.40

I sold out of all before the end of Wednesday. Sure wish I held on to these just one more day.

I kept my position size small as I get familiar with your service, the chat room and build my confidence.

I'm planning on sticking with it. I am going long the AOT (Art Of Trading). : )

Jeremy W.

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Awesome Feedback From ART OF TRADING Members!!

2011-07-06T15:22:00.000-07:00

Hello Trader Stewie,

Thanks very much!

-John C.

Thanks for NFLX.. just sold the 300 calls for a quick gain of $665 and am holding some common into tomorrow.. also holding some DANG calls (already up nicely - the Jan 2012 15 calls)

Also played PANL, FFIV and PWRD.. all did very well!!!! you are killing it this week!

Thanks!

Jeff G.

hey stew

just wanted to let you know i made $175 off of 50 shares on FFIV thats an awesome gain i operate with a small account i also took small gains on PANL, CLNE and PWRD i had a hard time managing so many trades i will get used to doing that over time i am sure. But total profit was $300 on 600 shares. i think thats good. thanks man! :)

"Kstock"

Hi Stewie this is leapstrader,

First of all, thanks for putting AOT together, the site is simply awesome and the chat priceless.
I really feel like by paying you $50/month for a trading education is like ripping you off, you ought
to put a donation button somewhere on the page, I guess there's hundreds of us that feel like we owe you.

David

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5 New Setups To Watch This Week

2011-07-05T20:18:00.000-07:00

New Setups To Watch

2011-07-04T19:53:00.001-07:00

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Switzerland Family Vacation

2011-06-30T22:19:00.000-07:00

Meet my little family.

Pictures from Geneva, Switzerland. July 2011

Recent Feedback From ART OF TRADING Members!!

2011-06-22T22:14:00.000-07:00

stew,

just wanted to thank you personaly. just in the last 2 weeks i think now since joining you i've got my account going in the right direction gonna be long battle to recover my losses from before but with you i have confidence to do it.

Thanks man

Out FMCN for a $900 gain. Great charting Stew!

Kevin (kstock)

Hi Stewie,

Your setups are glorious mate! Always look forward to seeing your new setups. I know i am still new here but i feel like i might have finally found a service that fits what i am looking for. In just 3 weeks of hanging out in the chat room i feel like i have learned more than years of reading trading books :-)

Cannot thank you enough for your dedication and hard work!

jean marie

Thanks for your guidance in this tough market. I really enjoy and appreciate the chat room full of the great traders whose guidance and teaching is priceless in this choppy market.

Happy trading.

Kevin.

I consider it professional from you not to trade when you think that the market is too choppy/risky. I wouldn't trust traders who trade several times a day because they believe they must trade in order to satisfy their subscribers.

Your reactivity per emails, chat, etc. is impressive. I wonder if you have a team with you taking care of some of the emails you get.

Eric

Hey Stewie

I bought AFFX at 7.33 for a swing trade a little while after your buy alert and sold it the next day at 7.55 after your sell alert because of confidence in chat room and obvious reversal in morning gap down.

nice $300 dollar gain!

Victor

I made $196 on XG and $175 on MOBI

Bought RAX July 41 puts paid $3.20 Sold them for $4.05

Thanks!

Stephen

Booked gains on XG, made about a $1000 on it. NICE! :) THX.

Tyson

I did pretty well on this trade, followed all your rules. Didnt let myself get emotionally involved. I feel im getting better on not getting shaken out.

Since I have joined the chat. I been taking sizes that fit my account.

Just wanted to say thanx for the service!

Nabiel M.

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Setups To Watch With High Short Interest

2011-06-21T19:55:00.000-07:00

Here are some trade ideas to watch the rest of the week. These plays have very high short interest and have a high chance of squeezing higher in the days to come.

Let's watch em closely.

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10 New Setups To Watch This Week

2011-06-19T23:34:00.000-07:00

Hi Traders!

Spent ALL day with the family on this Father's Day! Hope you all had a blessed and happy time with your loved ones.

Let's get to work now! As has been the norm lately, most of the quality setups have been the SHORT setups.

Gotta trade what you see as they like to say!

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Short Setups To Watch In Case The Bears Mean Business!

2011-06-16T22:33:00.000-07:00

Keep these handy in case these angry bears have a more serious agenda than many of us have in mind currently. As a pure technical trader (neither bull nor bear), i cannot help but look at the under the surface over the last 1-2 months and think that some bigger force is working very hard to knock equities down. Only recently have we seen the big spikes in the VIX that is often seen near market lows as fear and panic starts to take over HOWEVER, this time it sure has a "different feel" to it. There is almost a "disbelief" among the trading/investing community that something really big could be starting on the down side. What will be the catalyst? I have NO CLUE. i am only a short term trader who looks at how equities behave by manually scanning hundreds of stocks daily and nightly and it's safe for me to say that things have been very questionable for a while now.

Look, i am sure we are going to see bounces(some strong, some weak, some will feel really "good") but things are starting to tell me that we could be looking at a much bigger decline sooner, rather than later.

I hope that i am dead wrong on this and like i said, i am a short term trader so long/medium term projections really mean nothing to trader who is short term but it's important to keep in mind where the big picture COULD BE HEADED.

Trade smart, respect stop losses now more than ever. Protect the MOTHER GOOSE! Most of the long positions i have traded lately, once stopped out, i look back at them several days later and i notice that i got stopped out at MUCH higher prices from where these stocks are currently trading at NOW.

What has been working? Simple, LARGE amounts of cash levels and SHORT positions!

Wish you all happy trading.

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New Setups To Watch and Market Analysis

2011-06-13T23:58:00.001-07:00