Measuring Your Levels

BellaGeneral CommentsLeave a Comment

Imagination is more important than knowledge… Albert Einstein We just got out of a Tradecast where one of our traders confused himself because he valued every level equally. All levels are not created equal. Before entering a trade you should ask: where can this stock go? During our Tradecast New Trader Mike showed tape of APC where he had two … Read More

Be Careful When Your Routine Changes

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Trader Development, Trading Psychology1 Comment

I have a fairly set schedule each trading day.  But on Thursday morning  my routine changes as I have a pre-work obligation that changes my schedule.  I generally arrive at the office one hour later than usual and do not run the AM Meeting.  This change in routine has had some fairly negative consequences on my trading PnL.  90% of … Read More


sspencerGeneral Comments2 Comments

I have no idea which is worse the manipulation that I have observed in DNDN the past few years or the way the NASDAQ and SEC handles the manipulation. Last year DNDN was pushed intraday from 24 to 7 and the NASDQ decided to halt. There was no news and no prosecutions. It re-opened after the halt at 25. There … Read More