I came into the office Saturday to get some work done. Just prior my son finished a baseball doubleheader in Queens. We drove back home, dropped his bags at our apartment, changed, and headed to the office. His mom and sister were at our beach house so it was just the boys. To keep Luke occupied, while I worked, we … Read More
Improve YOUR trading this weekend with these proven educational videos – recap of the week of October 3, 2020
One Tape Reading Exit Strategy Every Traders Must Add To Their Trading An Intriguing Presidential Election Options Strategy The Smartest Dumb Trade You’ll Ever Make 4 Reasons this New Trader Impressed Us How to Become Consistently Profitable Trader (like you deserve to be) (SMB Classic)
An effective trading technique to help limit unnecessary trading losses
We were sitting in our training room in NYC, during our daily 11AM mentoring session, and a new trader reviewing his open said, “I should have moved on from the stock.” It doesn’t really matter what the stock was or the setup, as this statement has been heard on trading desks since the beginning of trading. The new trader didn’t … Read More
Its Ok to Change Your Mind–Pandora
Pandora released their earnings after the market closed Thursday. If the numbers were OK I was looking to purchase at 26 or lower. I broadcasted live on SMB Real Time as I bought shares between 25-26. It eventually bounced to 27.50 where I sold most of the shares. The next morning I was going to repeat what I had … Read More
Greed Is Good? How to Handle It
One of the most iconic images people have of Wall Street is the scene from the first Wall Street film where Gordon Gecko delivers his infamous monologue that begins like this, “Greed, for the lack of a better word, is good”. Since greed and its first cousin fear still drive markets, it does serve a purpose in terms of creating … Read More
Trading: Less Fighting, More Fishing
Much of the time when you read about trading, many use metaphors that refer to competition or war. You will often hear phrases like, “the forex arena”, “bulls battling the bears”, “you compete with the best and brightest minds in the world”. This is convenient and filled to the brim with conflict (we love drama just watch the news). What … Read More
Trade Review: Mastering EURUSD with Price Action Confirmation
In this segment, Marc Principato, CMT, reviews a real EUR/USD day trade that is based on two price patterns and candlestick analysis. He uses price action as confirmation to enter the trade. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
Price Action Techniques For Consistency Part 2 Webinar
My 4 week online class begins on 1/21. Register before space runs out. This webinar provides an idea of the topics I will be covering. In particular: How I project support and resistance levels How I use candlesticks to validate trades And how to question the market for context Any questions, make sure to email me. Once the class begins, registration will … Read More