Should You Trade the First 30 Minutes?
Some traders say that trading the open provides some of the best opportunities each day. Others are of the opinion that “the first 30 minutes is for fools — fools that want to be separated from their money.” So which is it? More importantly, which is it FOR YOU? All this noise about “the open” can breed confusion and fear. … Read More
Shorting A Garbage Stock
The market has been on a tear in 2017. On the rare occasion the market has a 1 or 2 percent pull back people are tripping over each other to buy! This environment leads to large runups in what I call “junk stocks”. They are low priced stocks, under $5, that have very small floats. The are easily manipulated because … Read More
The Earnings Fade
Each morning before the market opens we review stocks that have fresh news catalysts. We call these stocks “In Play”. When a stock has what appears to be a positive catalyst and yet is trading lower in the pre-market we take notice. Sometimes a stock with a positive catalyst will be trading lower because it has recently run up prior … Read More
Rules for high conviction trades
During a daily review a developing trader tackled his system for re-entry with high conviction trades. In his words on his high conviction IBB breakout trade, expressed with LABD: (LABD) Was one of my larger picture ideas for the day. Was using this 3X leverage ETF to play the IBB breakout. IBB looked positioned for a breakout on the daily … Read More
Solutions for improving your trading entries
Hope your doing well. I just wanted to let you know how much I appreciate your book, “One Good Trade”. I have the audible version and with my hour commute to and from work to (brokerage firm). I’ve listened to it countless times. Yesterday afternoon I decided to listen to it after a rather disappointing month of trading and caught … Read More