Ask Yourself This Question to Trade in the Zone

In a recent blog post on the ancient philosophers at Barking Up the Wrong Tree an interesting idea for our trading was presented. Really thinking about just how awful things can be often has the ironic effect of making you realize they’re not that bad. From my interview with Oliver Burkeman, author of The Antidote: Happiness for People Who Can’t Stand Positive … Read More

On the Tenth Day

Elliot Wave, one of our new traders, was going for his tenth consecutive positive trading day.  It was not to be.  He sent me an email why. Why I Failed to Make 10 Days in a Row Positive On the Open today, I thought I could replicate the success of past momo trades I was focused on making a huge chop … Read More

Adding a Dose of Patience to Your Trading

Patience is core skill for any trader, and for a momentum/scalp trader like myself, adding some more patience to my game has been a hard challenge to tackle. As I mentioned in my post last week, one of the major adjustments I have made to my trading is that I am being far more selective with my  setups, and I … Read More

Letting the Play Unfold

We started a down trend in the last couple days and as long as SPY is below 93.60, I will try and stay short. It is not hard to make money as an intra-day trader during these type of market days. The key I am finding with my trading lately is that I have to let the play unfold. Lately, … Read More

Trading Unusual Weakness

Many short term traders get killed trading weak stocks on the short side.  What is the root cause?  The most common error is they have poor entry prices.  We all know that a stock in rapid decline is on the radar of every day trader and hedge fund on the Street.  This attention creates spikes that some interpret as a … Read More