Video Review of the Indexes 8-23-2009
August 23, 2009 at 1:38 pm
Following a rest phase after the big run from the July lows, the indexes threatened last week to break down, only to reverse higher and breakout instead.
As the bears got trapped, they were forced to cover shorts while the bulls seized another opportunity to push the major averages to their best levels on the year.
But just as the bears saw a false breakdown last week, this week all eyes will be on the bulls to see whether they’ll be able to produce the necessary upside follow through to avoid a similar trap.
Let’s examine some important levels in the indexes to keep an eye on in the days ahead, as that will have the greatest influence on how individual stocks are going to move.
This clip was also posted over on the Trading Videos site (as always), and perhaps you’ve seen it there – but in case you didn’t, I wanted to put it here on the blog for you.
Let me highly suggest clicking the “HD” on the video player and then going full-screen for best quality.
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Jeff White
Are you following me on Twitter yet?
Hard Stops vs. Mental Stops
August 20, 2009 at 10:15 am
When I’m swing trading, I prefer to place stop and target orders via bracket orders. That means I’ve got pending orders which will cancel out the other side based upon what gets executed first. I’ve got a hard stop in place just in case of an adverse move in price, and I’ve got a limit order in case of a favorable move.
This set-it-and-forget-it style of trading works well for me on the multi-day timeframe. First, I don’t need to watch every tick. I can trust that my orders are doing the job for me, because generally those stop and target levels are several percentage points away. Second, it helps to keep me from micro-managing trades. I don’t get so consumed with the intraday chart that I abort my original game plan. That’s good.
But when it comes to intraday plays, or day trades, I often times will take a slightly different approach by using a mental stop. There are a few reasons for this:
1. I’m watching the price action closely and developing a feel for the move that’s taking place. I will know the area where I’ll plan to exit the trade before getting in, but in the first few minutes I may not have a specific, hard number that I’m ready to commit to. That’s simply part of tape reading on a trade that may only last minutes.
2. Because I’m watching the price action, by default I’m at the PC. That means I’m able to blow out of the trade instantly when I realize the time has come that I’d rather have the cash than the shares.
3. Since my intraday timeframe is about minutes or hours, it’s often a bit tougher to continually place and cancel orders for the same trade as it progresses. Ideally, the stock is moving in the intended direction and I’m eyeballing areas on the chart where I’ll need to book some gains or begin to lighten up (or even exit entirely). Those levels change continually based upon the momentum of the stock, so I often times defer to sort of a “mental trailing stop” whenever that’s the case.
4. Fortunately, I’ve never struggled with blowing stops, so I can trust myself to bail on a trade when it’s time to. And again, I know going into the trade the general area where I’ll get out, so even if that’s crossed right away then my decision is made. My struggle generally lies with staying with big winners and allowing them to become huge winners, but that’s a topic for another discussion.
Which One is Right For You?
The answer to this depends on your personal style, and some real honesty is required on your part with this one. But it is rather simple.
If your tendency is to blow mental stops, then set hard stops in your trading platform and leave them alone. End of discussion. It’s for your own good.
If you prefer mental stops, insert support or resistance levels on your chart (literally draw them) so that you’ll at all times have a visual representation of where your trade stands and if the time to bail out is approaching. I often set red support levels and green resistance levels as sell and buy markers for trades. Whatever you do, be consistent and don’t hesitate to kick that trade out the door when it stops behaving.
Bottom line: if you know deep down inside that you lack the discipline to cut a losing trade when the time comes, put a hard stop in place. And if your problem is simply staying in a winning trade when you know you should, consider scaling out on the way up.
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Jeff White
Are you following me on Twitter yet?
More on Recovering from Trading Losses
August 17, 2009 at 6:44 am
Ever been downright frustrated with your trading?
If you’ve been a trader for any length of time, I’m sure you have. There can be stretches of disappointments during which it feels like getting on the right side of a move might not ever again happen. Your account shrinks and your confidence takes hit after hit, causing you to question your desire to continue playing the game.
If it sounds like I’ve been there, it’s because I have been. Multiple times. Every time I’ve hated it just as much as the first time, but every time I’ve emerged as a better trader. No pain, no gain!
Dealing With Drawdowns
I think it’s a good exercise for every trader to know their thresholds, and to determine just what you’re willing to lose during a poor trading stretch. That’s not to say you plan on it, but rather you designate some amounts, which if lost, will prompt you to make some immediate adjustments.
That might be a dollar amount subtracted from your account highs, or it might be how many consecutive losing trades you’ll endure when a drawdown occurs. Once those flags have been raised, it’s time to shift the routine.
It doesn’t mean you entirely abandon an approach which has proven to work for you over time, but rather that you install some safety rails for yourself before the damage becomes far more difficult to repair.
Short-Term Steps for Long-Term Survival
If you’ve suffered from a recent drawdown, it’s important that you take a few steps to get back on track – both in the near term and for the long haul.
In the near term, it’s crucial to preserve whatever confidence you have left. Remember, that’s your psychological capital, and it must be protected. Take a few days away from trading, maybe a week, and just clear your head. This may sound obvious, but stepping away is the best way to stop losing! Discouragement leads to some poor decisions in trading, so come back in a few days to resume trading after some of the irritation has subsided.
When you do begin again, cut your position size down to an amount which is insignificant, whether win or lose. You want to gain some confidence in trading well once again, making some good choices without the influence of recent losses. P&L becomes an afterthought at this stage.
Focus on the method, on making good trades which work, and then gradually increase your trade size so that the profits return. The first few trades might not grow your account, but they can greatly aid your thinking process by lifting the pressure of “making it back” and then you can get to that shortly thereafter.
Staying in the Game
A string of losing trades is no fun – downright frustrating, irritating, and bothersome. But the idea is to limit the losses when they do come (and we know they’ll come, that’s just part of trading) so that we are still trading when the best opportunities come along.
That’s how my method is. I equate it to a poker player who loses small, hand after hand, folding to surrender antes before finally sticking with his bet when a good hand comes along so that he can win a pot. Lose small, lose small, win big – that’s exactly how trading must be. How you choose to respond to losing will make or break you.
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Jeff White
Are you following me on Twitter yet?
21 Questions from Last Week’s Chat
August 13, 2009 at 11:41 am
Last week’s trader chat generated quite a few questions. A number of them we were able to address during the chat, but many more went unanswered.
If you were in attendance and didn’t get your question answered, look for it below. But even if you weren’t there, hopefully you’ll find this useful to observe.
Here are 21 unanswered questions from the session:
1. Footbargain: Jeff, what kinds of things do you look for to “trade the trader?”
- Thanks for your question Footbargain. I wrote about this 3 1/2 years ago, and I still think it’s a very good exercise to regularly consider the flip side of your trade. Obviously “they” are looking for a move in the opposite direction as you, but weighing their possible reasons, emotions, and technical exit criteria can really shed a lot of light on what it is you’re up against. Of course, you’ll need to abide by your own designated levels on each trade, but understanding when the other side may get frustrated or overconfident can certainly give us a better feel for the trade and whether or not it deserves to be on our screen.
2. Tom: Greetings Jeff, assuming we do get the “inevitable pullback,” what support levels would you be looking at to re-enter long positions?
- Hi Tom! Using levels from the S&P 500, spots which have served as resistance or support in recent months would mark logical areas for other buyers to step in. The ones I’m watching are 956 and 875. I might add that if the market is selling off sharply into those levels I would not look to jump out in front of it. Some stabilization in those areas would have far greater appeal.
3. Jeff: Hey Jeff, I’m a paid subscriber and I do like your work. Is Worden the main charting software that you use?
- Yes Jeff, TeleChart and StockFinder are the only charting programs I use. I’ve found them to be very powerful and robust programs which offer many more features than I could ever possibly utilize, and yet they’re very simple to use.
4. Dharm: Do you believe it is a bear rally? Or are you in agreement a bull trend has begun?
- Hi Dharm, this really is a timeframe-based question, which leaves it open-ended. In the short term and intermediate term, we’re without question in bull market mode. The move up from the lows has exceeded 50%, which certainly qualifies as a bull market for me. However, zooming out to the long-term timeframe, we are still well off the highs set less than 2 years ago. We also on the long term timeframe have yet to pull back and produce a higher low, so for that timeframe I’m reluctant to classify this as a technical trend change yet (although I do think it will ultimately result in one).
5. Ken: On stops being too tight, where would you place percentage wise on entry? How often do you adjust the stop once you’re in the trade?
- Hi Ken, check out this post on stop loss placement for adjustment purposes(also includes links to prior stop loss posts which you may find helpful). When it comes to the entry, I don’t have a set percentage I go by. Rather, I’m going to base it on the chart, and most notably a failed pattern. For some setups that might mean 3%, for others it might mean 6%, so it will vary.
6. Ron: Do you ever stay with the levered ETF’s more than a day, say a week?
- I do trade them in retirement accounts that way Ron, although I don’t want them to become long-term holdings. What I prefer to do is start a position when I think the market is at an important turning point, then do my best to stick with that trend until it seems to have exhausted itself. I have done well with the levered ETF’s in this fashion, and because they’re also optionable I don’t mind selling calls against them along the way.
7. Julie: I have lightened up significantly during the past three days. The long I do have is an ETF. How far down would you be comfortable seeing a pullback on the S&P?
- Hi Julie, I wouldn’t at all mind seeing a pullback reach the 956 zone or even 875 again (a level which has proven itself several times over the past year). When it comes to your trade though, your original basis for entry and the timeframe you intended it to be should be the biggest consideration. If it’s worked out well for you, then be sure to retain the bulk of those gains. That may mean a partial sale up here after the run, or it may mean raising your stop, or a combination of the two. I’ve found in my own trading once I start getting uneasy with a trade that it’s probably time to draw some lines in the sand and ensure that I get paid from that winning trade without giving it too much room back down should a pullback happen to arrive sooner than later.
8. BullishBeauty: Jeff, I do believe the correction is coming and I’ve lightened up as well. Question is when a position gets to almost profit today, close it or hold til Monday?
- Hi BullishBeauty! This question was referring to last Monday, so since we now have that hindsight let me instead address this from a conceptual standpoint. When you’ve designated a target which is nearly reached but not quite, it’s decision-making time. You either (A) stay patient and allow the stock to move away from that target and trust that it’ll eventually move through it, or (B) you recognize that your target may have been just a little too aggressive, and that therefore you should book (at least some of those) profits now. My tendency is to go with choice B since I like to keep my capital turning over frequently and I like to ring the register often. If you’re a more patient trader, the former scenario may be the way to go. I do want to stress though, that whichever you choose, be consistent in it! That way you’re decisive and the law of averages will run its course.
9. Charles: For the rookies can you explain the price and volume you use?
- Hello Charles. I really like to focus on these 2 things, as they are the most important. All else is derived from them, so they are the source of technical info for us as traders. Price is of course where the stock is currently trading, but it’s also the price action. I like to see how price is moving. Is it moving fast, is it moving steadily, is it indecisive and confined to a trading range of some sort? Basically, who is winning the battle? And with volume, I want to see how it corresponds to price. Is volume spiking as price climbs? If so, it indicates to me that there’s a lot of participation among buyers and that therefore the move may have further to go. Volume is the fuel that propels prices higher, so the more gas that’s in the tank, the farther it can go.
10. Tom: Jeff, can you offer some relevant scanning criteria for day/swing trading?
- Hi Tom, this is something I get asked quite often. For me, I don’t rely heavily on scans to locate the plays I take. What I actually do is start with all the stocks out there, then knock off some huge chunks of stocks which I know I don’t want to trade. Those are the low-priced, illiquid stocks which hold no appeal to me as a trader. By eliminating those, I get stocks with the ability to fluctuate regularly and which carry adequate volume for trading actively (I want plenty of buyers when I’m selling and plenty of sellers when I want to buy). This generally means I’ll eliminate single-digit stocks and anything with fewer than 500,000 shares traded on an average day. That still gives me a large list of stocks, and from there it’s a matter of spending the time to eyeball the list, extract the setups with some potential, and continually refine the list until I get some trading candidates.
11. Dirk: Hi Jeff & Charles…first of all thanks a lot for this great opportunity to share your knowledge with us. I have a very general question regarding position sizing: Given a certain allocation of money to swing trade, and based on that amount, a fixed amount (like 8-10%) one is willing to risk on a trade, is a large position (cheaper stocks) with a tighter stoploss preferable over a smaller position (higher priced stocks) with a wider stop loss?
- Hi Dirk, thanks for your nice comment and this question. There really is no right answer here, as it will simply boil down to your own preference. Give each style a try and see which one works best for you. And I should clarify, that isn’t necessarily based upon the stock’s price, but rather how tight the pattern is that’s being traded. I’d say it will really depend on your personality. If you’re a patient trader and don’t mind waiting for a move to develop over the course of several days to several weeks, then wider stops are suitable. If on the other hand you’d rather keep your money moving more often, then the tighter stops and more of a ‘base hit’ mentality for more frequent but smaller moves would be appropriate. Personally, I fall into the latter category of tighter stops as I prefer to know rather quickly whether I’m right or wrong in the play.
12. Brian: What event do you think could cause the second leg down?
- That’s a great question Brian. I suppose it could be economic data which begins to disappoint, or it could be that the prospects for growth begin to subside and a wave of profit-taking evolves into a deeper correction. I honestly don’t know what it might be, but I’m also not a macro guy. I figure sticking with the technicals will tell me all I need to know (when momentum slows, when selling pressure intensifies, when dips fail to get bought aggressively, etc.).
13. Jon N: I have a stock purchased as a medium to long term holding. At what point would you consider changing this position and just taking profits (I am using trailing stops to protect profits)?
- Hi Jon. I’m big on beginning with the end in mind and therefore knowing an exit strategy before entering a position. Perhaps you designated some targets for this position when you initiated it, so I’d encourage you to stick with them. But if you did not, then as I told Julie, I’d encourage you to weigh your comfort level in the trade. If you’re getting uneasy about possibly giving back substantial open profits, then make some of those paper gains real by selling a portion of your position. There’s some real value in making partial sales. By lightening up into strength, you’re booking profits and raising cash to be re-allocated after a pullback takes place. Having cash on hand after some widespread weakness sets in will be a great thing, and although many have forgotten right now that the market can still go down, they’ll eventually be reminded. So I’d say once you’re uneasy, sell some and designate a stop for remaining shares as a safety net on the rest.
14. Erb: I have witnessed a lot of traders who I deem to be professional traders use terms like “I really just don’t have the feeling today” or another example would be what you just mentioned confidence. I find these terms confusing as I do my best not to trade emotionally. The chart is what it is, the price action is what it is. So as a newbie again I find this quite confusing. Not sure what is meant by the “feeling” or confidence if we are supposed to just trade what we see?
- Hello Erb, this is an excellent question. And I never want to be confusing, so allow me to explain. Newer traders don’t yet have a basis for ‘confidence’ or ‘feeling.’ Those both come over time after many many trades and lots of time spent watching the market. Observing it closely over time will develop the occasional “I’ve seen this before” moments which will then play a role in the decision-making process. But early on in one’s trading career, you are correct in that trading what you see should be the sole basis for decisions. I also do not advocate trading emotionally, but what I’m saying here is that over time as you develop a feel for the markets, that will become part of what you see.
15. George: How do you build your watch lists for swing trades or longer?
- Thanks for your question George. Beyond my comments for #9 and #10 above, it really is a process of digging through the charts to find setups which are being constructed and then weighing the risk/reward associated with each of them. What I do is spend considerable time nightly to hunt through hundreds of charts, designating the occasional stock to be reviewed again. The second run through will be on that limited list of stocks which seem to be exhibiting some momentum and/or are behaving as if they’re ripe for a move. I’ll draw my trend lines to clarify the pattern being built, then I’ll gauge the urgency of the pattern based on price and volume in the most recent days. Once I weigh that and decide if there’s a clear-cut entry and exit for the play, then I’ll set up the swing trade. The key here though is that when I’m swing trading, I understand my entry, stop, and target levels before I place that bracket order for the trade.
16. Juergen: Jeff, I often get stopped out because of too tight stops. I do this because I don’t want to lose money when I’m positive. Any advice to change this (set a wide stop first and narrow it down when the stock moves in my direction)?
- Hello Juergen, I’m glad you asked this. Getting shaken out of trades frequently can be frustrating, unless it’s an acceptable part of your methodology. For example, the trader who takes many small losses but catches the occasional huge winner can be just fine over time. But it sounds like you’re not satisfied with that so let me offer a suggestion. First, cut your trade size in half. Ultra-tight stops and the fear of losing tend to come along with positions which are too large, so change that first. Next, start setting wider stops. Consider how much the stock in question tends to move on an average day, or set stops beyond short-term support zones. That will allow the stock to fluctuate normally and keep you in the trade longer, taking you out only once the stock has truly shown a change of character.
17. Naif: Jeff, can you name a couple of your favorite books on trading?
- You bet Naif. Jack Schwager’s Market Wizards series is excellent. They are each interview-style books where each chapter is a conversation with a different trader. There are many markets, timeframes, and styles represented in those books, and they offer a ton of insight. Another book is by Martin Schwartz and is called Pit Bull
. He was in a Market Wizards book, and his candid story offers a ton of value, making it another excellent read. Nicolas Darvas’ How I Made $2,000,000 In The Stock Market
also is one of my favorites. He shares the tough early beats of his trading career and explains how he devised a method to avoid making his most common mistakes, leading him to big success. Finally, Edwin Lefevre’s Reminiscences of a Stock Operator
is right at the top of my list when it comes to favorite trading books. A very old book, it carries with it countless lessons applicable to today’s trading, making it a timeless book and a must-own. I’ve read each of these multiple times and I gain something new from them each time I re-read them!
18. Eric: It looks to me like a blow-off top in FUQI. Am I reading this right?
- Hi Eric. FUQI has certainly been a huge mover in recent months, and it’s gone parabolic in recent weeks. As you know, the largest moves tend to occur during parabolic uptrends, but trading them also involves added risk. Currently the stock is basing between $26-30, but I have no desire to call a top there yet. Although a sharp drop could develop there at any time, the momentum train is running and deserves respect. If you’re long, this is a great spot to do some selling, but if you’re looking to initiate a short sale, then waiting for some confirmation of a top (with the formation of a lower high) would be best.
19. John: Jeff, to develop your style of trading, did you do backtesting or did you mainly use trial and error?
- Hello John, thanks for your question. Truth be told, I am not a proponent of backtesting. I believe that might reveal some insights for what has historically happened when certain conditions are present, but when it comes to basing confidence of trades on what data says, it’s incredibly difficult to make the transition. Backtesting involves no emotion, and yet trading carries with it a lot of emotion, so there’s a major disconnect there in my opinion. Instead, I go with trial and error, or what I recently referred to as testing 1-2-3. When I have real money on the line, I will learn faster and more intently than simply reviewing data. By doing this, it also elevates my trust in a certain methodology over time, whereas taking a computer model and converting it into trading a real account is a very different story.
20. Jay: Can you speak a bit about how you track your trades, and do you use a trading journal? Thanks.
- Hi Jay. I’ve always noted my trades on a sheet of paper, an actual grid marking several conditions (Time, Prices, P&L, etc.). Noting the reasoning for a trade, what was thought about it during the trade, and of course having the hard numbers to help calculate a variety of things tied to one’s results are imperative to have in my opinion. My newsletter also serves as a diary of sorts for me, as I note each day when I’m in swing trades what I like or dislike about the price action and why I’m adjusting my stop. So that’s my current system. For those who would rather automate this process, there’s an excellent tool called StockTickr which can import trades from various brokers and is capable of generating all kinds of reports tied to your results data. It’s a great way to see visually what’s working and what isn’t, usually shown to you in a different light than you’ve ever considered.
21. Benjamin: Hi Jeff, thanks for doing the Friday chat and am really enjoying it. What do you make of the relatively light trading volumes in the last few weeks, especially in the face of rising stock prices? Do you view them as bullish or bearish signs or neither?
- Hello Benjamin, I’m happy to have had the chance to do the chat (and this follow-up). With the relatively light trading volumes, I think there are a few factors there. One is that there’s a lot of contentment in the market. Prices keep rising, volatility is very low, and therefore fewer see the need to take action on the sell side. So traders accumulate gradually, and we see some lighter volume than we saw last fall when the bottom was falling out. Another factor is that it’s summertime, and that’s just common. Traders take vacations, leaving fewer at their desks to buy and sell, and resulting in some lighter volume. I’m not trying to read too much into it, because the biggest issue is what price is doing. Right now it’s trending higher, so I’m reluctant to get bearish until price gives me a reason to.
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Jeff White
Are you following me on Twitter yet?
Peace of Mind With Bracket Orders
August 12, 2009 at 9:54 am
Trading is stressful enough on it’s own, and all of us can at times have outside distractions which pull our attention away from the trading screens. Whether it’s a work project, a trip to the doctor, travel plans or tax season, there can be a constant flow of interruptions to your trading.
Some of them can mean actual losses while others mean missed opportunity, but the bottom line is that that’s life and we have to find ways to get around them if we want to push ahead with our trading.
Enter the Bracket Order
I’ve been using these with thinkorswim for some time now, and I’ve really been pleased. Their platform has a ton of features for options traders, but they didn’t neglect those of us who trade stocks.
I particularly like the bracket order capabilities, and I use the ‘1st Triggers OCO’ all the time in my swing trading. It’s nice to be able to set up a trade when you know your entry, stop and target, and be able to trust that it is being taken care of so that you don’t have to watch it. That allows me to spend my time seeking out new trades rather than managing existing positions.
These conditional orders are pretty amazing, and they’ve gotten sophisticated enough that they can accomplish pretty much whatever you want done at whatever time you want it. What originated as a simple alert has evolved into a multi-faceted tool which many of us will never again trade without.
Traditional order types are available everywhere, and if used properly can sure help you implement your trading plan better than you could without them.
But why ride the bus if you can be chauffeured around in a limo?
Using old-school order types like a stop buy order can certainly help you catch an entry on that trade you’ve been stalking, but won’t you need to protect your capital with a stop loss order rather quickly after your order is filled? What happens when that busy life of yours prevents you from being at the PC when it’s time to put in that safety net? You’re up a creek without a paddle.
If you could structure your entire trade in one order, wouldn’t you do it? If you know the price at which you’ll enter a trade, stop out, and take profits, then let technology help you. I can’t think of an excuse good enough to avoid using these orders, because they truly are the best thing out there.
How it Really Works
I’ve been using this functionality in the form of ThinkOrSwim’s “1st Triggers OCO” orders, so let me explain. The “1st” portion is my entry order, such as ‘buy XYZ @ $25.” The ‘Triggers OCO’ portion means that once I am filled on my XYZ purchase, a One-Cancels-Other order is immediately and automatically placed.
This latter portion is actually a pair of orders which the system will manage for me. If I set a limit sell at a higher price for taking profits, and a stop loss down below as my safety net, then I’ve structured my XYZ trade in such a way that I know my risk and my potential reward. Because I only want to sell my shares once but yet have two sell orders, the system will automatically cancel the remaining order once the first one is filled. So if XYZ climbs to my target and I sell for a gain, my stop loss order is canceled. If on the other hand XYZ were to fall to my stop level before reaching my profit target, the system will execute my stop and cancel my remaining (unfilled) limit order since I no longer own shares to sell. Pretty sweet!
Here’s a video explaining it. Select the HD option and go full-screen for best quality:
Bracket orders are excellent tools which offer the trader a ton of flexibility (there are many more of these advanced order types), but in my opinion the best thing they offer is peace of mind.
There’s just something about knowing that your plans for a trade will be carried out whether you’re at the PC or not. That gives me the freedom to put my trading ideas into motion, knowing full well that I will be able to book profits where I see fit and yet limit my losses in case I am wrong (barring an adverse price gap in the stock of course).
If you’re not using conditional orders in your trading, you should be! They can quickly become a part of your daily routine, giving you the ability to trade to your heart’s content without letting life’s distractions interfere with your plans!
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
Video Review of the Indexes 8-9-2009
August 9, 2009 at 2:52 pm
The upside momentum off the July lows continued last week as the indexes surged higher once again. Strength on Monday and Friday made the difference, taking the market to its best levels of the year.
We’ve seen very little rest in recent weeks, and certainly no pullbacks lasting longer than just a few hours. With the bulls having clearly established their dominance, will they finally move to book some profits this week or instead will they continue to frustrate the bears?
Let’s examine some important levels in the indexes to keep an eye on in the days ahead, as that will have the greatest influence on how individual stocks are going to move.
This clip was also posted over on the Trading Videos site (as always), and perhaps you’ve seen it there – but in case you didn’t, I wanted to put it here on the blog for you.
Let me highly suggest clicking the “HD” on the video player and then going full-screen for best quality.
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Jeff White
Are you following me on Twitter yet?
Chat Archive with Charles Kirk
August 7, 2009 at 12:01 pm
Today’s live chat with Charles Kirk of The Kirk Report was a lot of fun, and I hope you were able to join us for the discussion.
For those of you who were unable to attend, I’ve embedded the chat transcript below so that you can review the conversation sometime over the weekend. Hope you find it helpful!
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Jeff White
Are you following me on Twitter yet?
