You Need A Trading Plan

You say : Trading Plan? We say: You cannot trade without one   Consider our trading plan: 10 different high-probability trading and investing setups 25 colorful charts describing each setup visually How to setup your charts for each trade setup Where to place...
Monday Morning Market Thoughts

Monday Morning Market Thoughts

Last week's market action was weak, as displayed by bearish engulfing candlesticks on the weekly charts of major U.S. indices.    The Russell 2000 is despite choppy action very close to again making lower lows since the beginning of May and the SPX and...

Do You Have A Trading Plan? Consider Ours

  Without a clear trading plan no one can make money consistently.  A trading plan allows the trader to execute his/her trades in a consistent manner and without letting emotions get in the way.  Clear entry points, stop-loss and profit targets are...
Closing Research In Motion (RIMM) Short

Closing Research In Motion (RIMM) Short

Folks, we just closed (i.e bought back the out of the money calls we sold a while back) our short in RIMM.  We discussed opening this trade HERE and HERE.  Now that our profit target near the $40 area, and at the bottom of the long-term downward sloping...