Trading to win using the Secret Code of the Illuminati

Tag archive for ‘risk reward’

Friday Floater

Friday Floater

Think upside down. What is reality anyways? ———— The Boyz played round number two quite well today. Push the beach ball under and float it back up. When I “think outside the box”, I know I can be wrong. Today I was right. ———— The unauctioned territory from the 18.25 plunge yesterday needed backing and […]

Advanced Thinking

Advanced Thinking

Before you think I am being braggadocios, remember I am a humble student… ————- I am seeing a lot of emotionalism in the market by the twitter participants. Taking a step back, trying to make sure I don’t get caught up in it. As a sequence trader, I have my beliefs about the day’s bias, […]

Lemonade

Lemonade

Did you get caught in the Lemonade trade? Got squeezed a little did you? Easy to do if you get your signals crossed or your timing wrong. Unless, of course, you are a professional and take small stop losses. The morning gap play faked out a lot of traders who thought that we would fill […]

Travellin’ Day

Travellin’ Day

Despite the late day heroics of the customary end of month markups, the market largely traveled within a range all day, It was an inside day, and bi-directional traders had a field day within the great travel range. If you know what you are looking for, the opportunities were abundant. Many of our categories are […]

What, me worry?

What, me worry?

Alfred E  Neuman never got worried, or Mad. As a trader, we cannot afford either of those luxuries either. Bounces , head fakes, and volatility are a trader’s best friend. They provide opportunity for the sophisticated investor who understands timing, price levels, stop runs, risk/reward and rhythm. Education in this business is quite expensive, one […]

Grinder day

Grinder day

The market opened near today’s low, chopped around, then made a steady climb to fill the 73+ gap. After a soft pullback on profit taking, the market continued to grind higher until the last half hour when traders took their profits. The secret code traders were well rewarded today by staying true to their belief in the […]

Stop stretching

Stop stretching

  Limbering up with some exercise is wonderful for traders, especially if you sit in a chair all day. Getting up, stretching, getting some fresh air into our lungs, and mentally recharging ourselves is healthy for us. Having our stops in the market stretched, however, is annoying at a mimimum, and downright frustrating no matter how many times […]