Hi Bella, First of all I would like to thank you for everything that you do for us traders. I’ve just started to read The Playbook and I’m sure it will help me develop as a trader. I’ve one question though, in Playbook you write that we should archive trades in our Playbook that makes most sense to us. Well … Read More
A tool to find your best trades
The bionic trader uses technology to gain an edge. Here is a quick tip on how to use Microsoft Excel’s pivot table tool to sort through trade history to find hidden edges. I have more examples on using Excel to find edges. Email me — [email protected] — with the subject: “Excel Edges” to receive more tips and videos on tools … Read More
Trades Getting Out of Hand?
Ever start out simple, with just one or two trades, and then end up with an entire mess of options? Congratulations! You’re now trading a “position”. Perhaps you’ve heard the term but aren’t sure what it means. You’re trading a “position” when you’ve gone beyond using just one strategy. Trading a position is typically going to be much different than … Read More
Two Good Trades
There wasn’t much In Play this morning. EXPR was gapping lower in reaction to an earnings release. When a stock has a large gap from an earnings release the first thing we do is look for clues during the pre-market session for whether it will be a gap fill candidate or a continuation play. EXPR was trading actively in the … Read More
Earn the Right to Make Profitable Trades
The Daily Show with Jon Stewart Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook Tom Coughlin, Coach of the New York Giants, shares in this video that preparation is essential to earn the right to win. In One Good Trade, one of our seven fundamentals is Proper Preparation. Coach Coughlin pounds the table … Read More
Two SPY Trades
I don’t trade the SPY on a daily basis. But I have a few “go to” trades that I will make when they trigger. Fade a pullback to a recent S/R level in the direction of the higher time frame trend (Trade2Hold) Fade a pullback to a recent S/R level against the direction of the higher time frame trend (Scalp … Read More