Tag archive for ‘Stop Losses’
Stop Stop Losses
No, I don’t have a problem with stuttering.
You read the headline correctly.
Have you noticed the game that is being played lately by the gang of thieves?
Under the guise of “volatility” and “congressional testimony”, the boyz have endeavored to pick our pockets in broad daylight.
The normal one to two point stop run has been stretched to [...]
Risk and Reward
Sloppy and choppy trading for the vast majority of traders unaccustomed to sequence trading.
Plenty of setups today in both directions if you know what you are looking for.
Grabbing the majority of the move and leaving the last tic or two for the greedy usually works best for me.
That’s the essence of risk and reward; where do [...]
The mathematics of motion
Funadmental traders look for reasons why; technical traders look for where and when.
Today’s narrow range finally broke in the afternoon, and the market ratcheted backward testing lower support. Emotional traders who do not understand the potential dynamics of expiration week were whipsawed.
Switching gears from range trading to a breakout mentality requires flexiility in our thinking. [...]
There will be Blood
in the streets…
AJ Monte has put the importance of stop losses into this great article.
Take a look at today’s chart and imagine the pain being experienced by the longs who added to losing positions the past few days in an attempt to “average in”.
Remember Nucleus Accumbens?
The longs got hammered today after a weak attempt to [...]
Dont squeeze the charmin traders
Squeezes are a fact of life.
The only question is, will you fight them or join the winning team?
How do we know when high is “too high” or low is “too low”?
Whatever our pet indicators are saying, we need to protect ourselves from ourselves.
This theme is repeated often here because it is the all-important rule that [...]
Stop Losses
Stops are to be used for one purpose.
To stop your losses.
Get over your ego, so you can live to fight another day.
That’s all that needs to be said.
Thanks to Dennis Gartman for these great rules.
This was quite a day.
Smug traders with no respect for the market suffered their rightful punishment.
Anyone who tells you this market is easy is either [...]
The Bear roars
The noise you heard today was the crashing of the bulls hopes and dreams.
Umbrella’s were up all day long, and everyone who kept buying the low for a bounce got beaten up pretty badly.
Body bags were issued for all the traders who get it wrong and average in going the wrong way.
Intuition is a trader’s [...]
Stop stretching
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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 we rationalize the [...]
Clear vision
Hindsight is a wonderful tool to help explain technical analysis.
With it, we all can predict within a minute and a tic the exact times of turning points.
The moving averages can be explained, the pivots are all logical, and we can clearly see why something did what it did.
Making the call for directional trading is sexy [...]
Letttt’s get ready to ruummmbbbbbbblllllllle
In this corner, weighing 2500 lbs, mr market.
In front of that scrawny 100 pound shadow on the other side of the ring, there is me.
Following Jeff Cooper’s hit and run style of trading, I am outmatched as a super-flyweight and fighting up into the heavy weight ranks.
In sports, the normal mantra is the best defense [...]
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