While browsing for my hourly digest of nonstop pessimism on ZeroHedge, I felt a tremor in the Force. A feeling I had not felt since…. Well I look over and recognize that familiar iBankCoin calling card. I’m just wondering, are they making enough money that they can afford to advertise for the gravy, or are
Here's a look back at TNA and TZA for monday nov 22, 2011. As some of you know this is the only thing that I am currently day trading with as I like the leveraging that it provides. Some of you have asked how I make my trades. While it's a hard question to answer
 We as humans are emotional.  We aren’t robots.  But I am striving to become a little more like a robot when it comes to trading; kind of the opposite of that guy Data from Star Trek who wanted to become more human.  I have specific parameters and rules to follow and I repeatedly don’t
Ryan called a great play on KITD (see below) to go long at the beginning of the day. He then longed it as it broke out in a textbook play. Good for about 5%. Go Ryan!!!! Some other decent plays are below, but from what I saw most of the good plays where shorts in
If you are interested in looking...still working on my breakouts after 10 am. Today was a textbook day for this as the first 1/2 hour failed to produce long plays in most. Notice how these breakouts can be fast and volatile. I actually prefer the slower moving ones (look at ILMN). But I'll take anything
While I like to focus on the positives 🙂 , it's vastly more important to look at the moves that don't work. Sometimes there is no rhyme or reason. These 2 puzzled me today as they didn't move in line with the rest of the nasdaq group. They aren't on my absolute favorites list yet.Â
This was a really interesting day in the markets. We started out looking long for the 1st half hour, and then the bottom fell out....one of the main reasons why I don't trade before 10 am typically. I've seen this move happen way too many times to let it suck me in. We then dropped
I've been playing around with adding 2 moving averages to create a crossover buy or sell point. This is by no means a new idea, but something that varies from person to person since you can create any moving averages you want. I am using a 20 day Simple and a 30 day simple, based