FCX Revisited

sspencerSteven Spencer (Steve's) Blogs4 Comments

One of the most important attributes of a trader is the ability to quickly change your bias in a stock.  This mental skill is paramount for an intraday trader.  In today’s market, a stock is likely to reverse its trend multiple times each day.  A stock that is very strong one day will be very weak the next.  It is … Read More

More Buyers than Sellers

BellaMike Bellafiore's (Bella's) Blogs12 Comments

HIG finished up 100 percent on Friday.  At one point HIG was up 120 percent.  At up 50 percent I heard the chirping.  And chirping by very good traders.  Chirp is an old school term defined as a trader definitively predicting the proper price of a stock.  Chirp.  Old school traders recognize that anything can happen at anytime.  Old school … Read More