Last night on Stocktwits TV I discussed some adjustments traders can make to trade increased volatility. The VIX had climbed from 18 to 40. Friday the VIX closed above 41. These are the markets short term traders crush. Today I walked in with the VIX off over 30 percent. It has rebounded nicely to close above 30. … Read More
Traders Ask: How Much Capital Do I Need to Trade?
I’ve lost tremendous amounts of money in various markets and I think that that’s something that makes you better at my job, not worse. Jim Cramer I received this email from reader Danielle. My sense is that our blog readers would have strong opinions that would help Danielle. So I open up this blog asking for your advice to Dan. … Read More
Traders Ask: Consistency
“If I hadn’t made money some of the time I might have acquired market wisdom quicker.” — Jesse Livermore I received the following question from reader Angel: Hi Mike, I hope that my email finds you well. Trading has been going very well, and I’m very happy with my results. I love this business! Mike, I would like to suggest … Read More
You Don’t See That Every Day: 6 Minutes of Insanity
At around 2:30PM the SPYs were trading down to 113.60 from 117. It seemed like it was a good place to start looking for a bounce. I was keying in on the 113.10 level from March 5th as a potential dream price to get long. I got stopped out below 113 a few minutes later. At 2:42 I decided to … Read More
Unveiling the Art: Technical Analysis – Background and History
A look at the roots of modern technical analysis.
This Seems Familiar
Back in late January FCX sold off from 90 in a hurry. I started to look for an oversold bounce around 72. That didn’t work so well as it traded down another six points. I remember Gman and Joe P looking for a bounce in X a bunch of times because it had sold off from 65 to 53 and … Read More
Major Market Sectors and Money Flows
Adam “Aceman” Grimes looks at the money flows between major market sectors
NASDAQ OMX/GET YOUR SH*T TOGETHER
I have no idea which is worse the manipulation that I have observed in DNDN the past few years or the way the NASDAQ and SEC handles the manipulation. Last year DNDN was pushed intraday from 24 to 7 and the NASDQ decided to halt. There was no news and no prosecutions. It re-opened after the halt at 25. There … Read More