We make trading decisions based upon three factors: intraday fundamentals, Reading the Tape, Technical Analysis. I traded MDT today using all three to start two shorts. These are trades that if I made 1000 times I would profit. Intraday Fundamentals We trade stocks with fresh news. Today we had new news with MDT: Co issues downside guidance for FY11, sees … Read More
Trading Unusual Weakness
Many short term traders get killed trading weak stocks on the short side. What is the root cause? The most common error is they have poor entry prices. We all know that a stock in rapid decline is on the radar of every day trader and hedge fund on the Street. This attention creates spikes that some interpret as a … Read More