(this post was originally written May 1st and refers to the price action in WFMI from 4/28/11) Let me start by saying as an intraday trader it’s ok to have a bias but your mind needs to be open to all different possibilities. A stock is gapping up, my bias would be long, gapping down my bias would be short. … Read More
Why BIDU Kicked My Ass Today
I lost money in BIDU today. I was trading it strictly on the short side. It opened at 137 and close at 131. Wow, you must thinking that this guy really has no idea what the heck he is doing. You might be right 🙂 Let’s review some of the things that caused me to lose money in it today … Read More
A Great Note I Received From One of My Mentoring Students
Seth – When I was in the military, I was assigned as the unit trainer (started with 70 soldiers). To give a little more detail, I was a lieutenant in a patriot missile battery. When we would train, it would be three different platoons in one confined area, all training toward one objective (getting our site, missile launchers, and engagement control … Read More
Forex lesson of the week
Intraday patterns both found in the EUR/USD and CFD’s USOIL. Psychological patterns after breaching levels of pull backs then finally reaching levels expected. 2 trades with the same (twin) psychological set up in the same day. View video below and don’t forget to add any comments. Feel free to email me [email protected] for more info!
SMB Gameplan Recap for May 11th
Here is another recap video that takes you through my thought process with respect to our AM Ideas as well as how the price action during market hours impacted our trading plan. Fresh ideas are usually listed in order of difficulty. Ideas listed first are for novice traders and as you work your way down the list the stocks become more … Read More
CANCELLED – Gman All Cap Webinar
We apologize for the inconvenience, but Gman’s All Cap Webinar has been cancelled do to our internet servers going down. The servers have been down half the day and we were hoping they would be up for the broadcast, but alas, they are not. We will reschedule for next week! Roy (aka rOy)
Traders Ask: Is it better to neutralize a double butterfly or simply close it?
Martin asks: I have a question about one of your first webinars involving the February butterfly. At the end of the trade it appears that instead of closing the trade completely you just neutralized it. What was the reason that you handled it that way ? What is the advantage of neutralizing the trade instead of closing it?: Martin is … Read More
Forex trade of the week.
When is it enough? Please view video below. An excellent trade USoil using CFD’s. For more info email me @ [email protected]