Archive for December, 2011
Always Look to the Left
A friend of mine recently mentioned that the area to the right of price is the only place on a chart where you make money. He’s absolutely right. But I’d add that by also looking to the left, you can save money as well.
I Don’t Care How Fresh Your Fundies Are
I’m a trader, so what I care about is catching short-term moves in price. The health of a business doesn’t matter to me. It’s unlikely to change during the course of a trade that lasts anywhere from a few hours up to a couple of weeks.
Video Review of the Indexes 12-18-2011
The indexes gave up some ground last week, placing them lower within their respective intermediate-term wedges. Bounce attempts on Thursday & Friday saw poor closes, indicating the buyers still are lacking the enthusiasm needed to regain short-term control.
Hoping to See You in 2012
I’m slated to teach and/or speak live in several more cities in 2012, and I hope to see you at some point.
People of Wal-Mart: Still Spendin’
While the People of Wal-Mart website is always an entertaining bookmark, the stock itself is no joke.
Getting Over the Consistency Hump in Trading
I heard from a trader over the weekend who has gone through a number of changes in recent months, both personally and in their trading. The result was a big lack of consistency in their trading.
Trading Timeframe Influences Position Size
While some traders prefer a standard lot size, in this video I’ll discuss the notion that your timeframe for the trade should influence your position size.
