Thursday, February 23, 2012
Wednesday, February 15, 2012
ART OF TRADING Member Success Story!
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
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!
Monday, February 13, 2012
Saturday, February 4, 2012
Let's Review The Chat Room Calls
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!
Thursday, February 2, 2012
Let's Review The Chat Room Calls
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.
Wednesday, February 1, 2012
Let's Review The Chat Room Calls
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!
Big Rally Days Can Make Some Traders Very Emotional
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.
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