Recent Articles
Video Review of the Indexes 11-13-2011
Last week we saw the major averages test important short-term areas to further validate the recent trading ranges, and the tests were passed. Now it’s up to the bulls to produce a breakout, but from a technical standpoint they’ve got some real positives going for them.
Video Review of the Indexes 11-6-2011
A sharp pullback to start last week left the indexes testing some important levels and filling some gaps, both of which proved to be technically beneficial for the market. Dip-buyers emerged to stem the losses though, erasing a fair chunk of the deficit from last Monday and Tuesday.
4 Traits of the Perfect Trader
Maybe ‘perfect’ isn’t the right word. We can strive for it, but we’ll all fall short of it given enough time. Greatness, though…that’s attainable. But what does it take to become a great trader?
Chasing Trades Isn’t Paying
The past couple of sessions have been characterized by hefty downside gaps accompanied by limited intraday follow-through. So with that in mind, I wanted to discuss the idea of chasing trades in an environment like this.
Video Review of the Indexes 10-30-2011
The indexes ran higher last week, bolstered by a European debt deal which had been anticipated for quite a while now. With stocks rallying ahead of the news in recent weeks, the actual event actually prompted additional buying rather than a sell-the-news response. As a result, new recovery highs were established across the board.
Market Makers, Specialists, and Stops
A subscriber recently asked me my view on market makers and specialists and what they’re targeting. Here was my response.
How to Think About a Loss
Instead if equating a trading loss with personal failure, shift your mentality for what a loss means.
