Bought RVBDsold RVBD
Friday, March 25, 2011
Wednesday, March 23, 2011
QQQ
Woke up this morning to find the QQQQ charts didn't work. Yikes! I wouldn't have been able to trade without that as it's one of my main indicators. A little search told my that it had been changed to QQQ like it was a few years ago.
Tuesday, March 22, 2011
Sunday, March 20, 2011
TNA thought dissection
Here's my thoughts on a TNA short trade earlier this week.1. Set the stop just above the high so that it will have to make a new high in order to stop me out.
2. Declining volume on the way up suggests that the buyers are not strong.
3. The trade works. As it falls I double and triple up because that is how I make money - by adding to winning trades.
4. Cover after the volume spikes. That is when bounces happen. A nice even dollar level is more reason to cover. A multi dollar gain is even more, more reason to cover.
Friday, March 18, 2011
FAS
shorted FAScover FAS and play the bounce again. These 3x stocks are just ideal to momo trade. Lots of movement, .01 spread, and you can easily get in and out of large size in an instant.
Thursday, March 17, 2011
Wednesday, March 16, 2011
Friday, March 11, 2011
Subscribe to:
Posts (Atom)