Posts Tagged ‘ bounce ’

How to Bounce Back From Failure in Trading

May 14th, 2012 | By | Category: Bruce Bower, General Comments, Trader Development, Trading Lesson, Trading Psychology
This is one blog post that I hope you never have to read. Why? Because it’s all about failure. The word “failure” has tons of connotations. Shame. Guilt. Disappointment. Anger. These are things that we try to avoid at all costs. If the world were perfect, you would never run into failure in your trading career. I hope that you will never be in a hole that you have to struggle to climb out of. I sincerely wish you a phenomenally successful career where you have a continuously smooth, upward-sloping equity curve and you become superbly wealthy. As for me, I know all about failure because I have failed—spectacularly, Read more [...]

Extraordinary Situation; Ordinary Trade.

Mar 15th, 2011 | By | Category: Adam Grimes's blogs, Technical Plays
In yesterday's post, I made a case for a bounce play in the Japanese stock market. Last night's extreme move makes this call look kind of silly in retrospect, but I want to highlight some important points and lessons here. First of all, this really highlights the difference between "armchair quarterbacking" or "time machine trading" (as we like to call it on the trading desk!) and actually executing in real time. Anyone can pull up the chart after the trade is over and say you "coulda, woulda, shoulda done XYZ", but the best we can do in real time is identify good risk/reward opportunities, execute the trade, and then manage Read more [...]

Market reactions to “Acts of God”

Mar 14th, 2011 | By | Category: Adam Grimes's blogs, Technical Plays
In my daily report for Waverly Advisors I issued a short-term buy on the Nikkei 225 futures. Obviously, this is a controversial trade fraught with difficulty, but I thought it might be interesting to think about this type of situation from a technical perspective. First of all, please read the link above. Before reducing the situation to a set of technical principles, it is only appropriate to pause and consider the human tragedy associated with this market movement. Though I would not call myself a "socially responsible investor" or something like that, I do have some psychological issues relating to profiting from so much Read more [...]

Market Leaders Bounce Off Key Levels

Jan 13th, 2010 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Theory
This morning we saw some pretty heavy selling pressure for the third consecutive day. We then saw some of the leaders bounce from very important prices. Read more [...]

US Open Flu?

Jun 22nd, 2009 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
I have missed the past two trading days because of the flu. I know what some of your are thinking. Hmmm. Bella loves watching golf. And he is always blogging about how much he loves that Phil Mickelson. And Phil made a run at the Open today. The US Open was just in Bethpage. Was this the US Open Flu? Unfortunately it wasn't. But I am now officially better. And a little disappointed that I missed the action in RIMM and APPL the past few days. GMan wrote a great blog about hanging in there and grinding it out in RIMM. As an intraday trader I have learned information gained from watching my stocks print and trade Read more [...]