You develop an idea before the open. No, you develop an awesome trading idea before the open. You wait for the entry and take it. You get stopped out. And then the stock does EXACTLY what you thought it would. So this is the part where some would tell you to be calm and “trade in the zone”. Who are … Read More
5 trading lessons from monthly reviews
At the end of each month, firm traders are encouraged to complete a monthly review of their trading. While reading firm reviews for April, 5 lessons stood out. Let’s discuss them. 1.Don’t turn bad days into worse One developing trader is working on limiting losses on his bad days. The thought is every extra dollar not lost on his bad … Read More
Frustrated Trader (VMW)
I traded VMW on the Open. Home of the impossible 5 million shares and no liquidity. If anyone is into the whole HFT conspiracy/they are evil dogma replay this tape. Let’s see if we can learn from this rip. 83 was a level from the open. It was a level from the premarket and afterhours trading. There was resistance on … Read More