A Silly Trade

sspencerGeneral Comments17 Comments

I highlighted what I thought would be the relevant range for AIG today in our morning meeting (34-36). My reasoning was that AIG needed an inside day prior to making its next large move. I was interested in getting long close to the bottom of the range and short close to the top. The market opened and AIG quickly popped … Read More

FINDING TRADING PATTERNS- A STUDY OF @AIKI14 AND ME

BellaMike Bellafiore's (Bella's) Blogs2 Comments

Jim Gobetz, Managing Partner at Wallingford Trust, couldn’t trade a more different style than me.   He is a longer-term fundamental trader.  I am a short-term, active, intraday trader. Jim subscribes to just about every news and research source you could imagine.  I subscribe to www.briefing.com.   Oh and also ESPN Insider. @aiki14 makes decisions on his positions based on … Read More

A New Arrow For Your Quiver

sspencerGeneral Comments14 Comments

I have never written a blog post about the trade setup that I’m about to discuss. For the most part we share pretty openly the setups and techniques we use on a daily basis to make money. I’ve been contacted by many developing traders who actually can’t believe the amount of information we provide free of charge via our blog. … Read More