Good traders pick their spots. Some opportunities allow us to be more aggressive than others. When we spot one of these opportunities we pounce, like a baseball player who takes a healthy cut a 3 and 1 fastball. If we fail to pounce then in our journals we must detail this opportunity so the next time we do. During our … Read More
Do Not Give Up On The Best Setups
There are several setups for intraday traders that offer the greatest risk/reward. An essential part of our job is being able to identify these setups and not to abandon them if they fail to reap a reward initially. One such setup was offered in CAT this past week. CAT gapped down on abysmal earnings. It spent several days flirting with … Read More