It was sloooow going today in the markets. At least, from my vantage point, anyway. The only thing I could find that seemed to have any force behind it was Seagate Technology (NYSE: STX). So, I traded it twice!
This is one of those rare days where I manage to trade both long [...]
I love twitter (have you seen twittervision? It just mesmerizes me… I keep telling myself I’ll stop watching after just a few more). But today, I was almost too twitter-happy for my own good! As I was posting about AMLN and GME, damn it if I didn’t miss my entry on GME! [...]
Today I finally followed through on something I’ve been meaning to do for a long time… I’ve been wanting to increase my position size as my trades go in my favor (sometimes called “pressing” winning trades). A lot of people (including me, not long ago) reduce their positions over the course of a trade [...]
Guess it’s paper food again tonight! :-) You get used to it.
I thought this looked pretty good. I bought at the top of the last green candle. The ‘dummy’ candle was the one before it (which I’ve thoughtfully pointed out with an arrow on the chart. No thanks necessary. [...]
As mentioned via twitter, I made a 0.5R trade on Qualcomm Inc. (Nasdaq: QCOM) a few minutes ago. This was (to me, anyway) a pretty standard-looking dummy setup. A gap up, a drop, and a turnaround on an inside NR3 candle just as the 5MA is catching up to the price. The [...]
Today was a choppy, boring day where I could find few opportunities, despite being fully awake for once. :-) I would have dwelled on it, but the Trading Goddess said to get over it, so I did.
If you track my twitter feed, you already know that I took one trade today, on [...]
I don’t know about you, but I have found very few interesting opportunities the last two days. It could be because I am so sleepy (my sleep schedule is all messed up again) (again). I think all my paintbar indicators are keeping me out of trouble, because they don’t get sleepy [...]
I’ve been putting just about everything that needs measurement or arithmetic into paintbars on QuoteTracker. I’m pretty excited about making use of them next week. Most of them won’t mean anything to you, but I did make one that tries to help me spot the “dummy”-style trade entry. I thought that might [...]
Tell me where this line of reasoning breaks down…. it’s just a thought experiment I did a moment ago.. I’ll take you through it, in the order I thought of things.
I’ve heard that a typical dummy trader (see here for examples if you have no idea what that means) has a 40 to 45% win [...]