How did Steve make 5k plus trading MGM today? The guy is an animal. He never took lunch. I swear he would still be trading it if he wasn’t in an interview presently.
MGM turned at 7.25 this AM. It was in an intraday downtrend. 7.25 was 25c from its secondary price of 7. And about 35c lower than GMan thought it was headed. GMan was a bull all AM with MGM and finally caught its upmove. Good stuff by GMan hanging in there and grinding it out. Traded up towards 8 and above. 7.75 is our new level. It could not trade below 7.75 into the Close.
Great call by Dan Fitzpatrick (Stockmarket Mentor) with the POT 100 call. Dan has been on with JToma a bunch of times and gives excellent color on the technicals for this market. He is someone we follow closely.
JToma, our Senior Trader, will be in the studio for CNBC’s Fast Money Halftime Report next Thursday with Melissa Lee. Some more must see TV. We are making him rip through a hundred charts a day till then. Who knows what he will be asked? He should be awesome.
Starting to see the value in this whole twittering thing. SMB was able to communicate we were trading on the short side if SPY held below 90 before the Open yesterday. And SMB is becoming a fan of Stocktwits.
Steve and I are heading out West tomorrow to visit a prop firm. We were invited to give a seminar for this prop firm’s traders. Great NBA coaches share plays and techniques. Great coaches are notorious for sitting in on Coach K’s practices. Looking forward to learning from some other excellent traders and perhaps sharing some ideas for them to improve. And maybe I will get some golf in as well.
Just came from the doctor. My vitamin D count is so low the Dr. asked if I ever go outside (the sun helps you produce vitamin D). I told him I would get outside when the market stopped offering so many opportunities.
Apparently a lack of vitamin D is an epidemic in the Northeast.
Heading home now to catch the Yanks game. Looking for them to take the series with Toronto and get back on track.
We will provide some updates from the road.
Best of luck with your trading. Don’t forget to follow us on twitter.