Trading to win using the Secret Code of the Illuminati

Tag archive for ‘Stop Losses’

Face Ripper

Face Ripper

Punishing day for losers who don’t believe in stops and average in… Dangerous markets indeed. The 1.61 extension not yet achieved, but nearer. “The gap at 1438 is still intact… and “shorts will be squeezed until that gap is undone.” Many moons ago. Line of least resistance is still up. ————- Ironically, Stops are for […]

O Boomma

O Boomma

Finders keepers, Losers weepers. [10:56] E: today is just skin shorts day [10:56] E: like basketball game we used to play [10:57] E: shirts and skins [10:57] E: anyone remember? The Line in the sand … #EMWS ————- [09:06] E: [08:05] E: and i think it was brilliant to have the dnc as showcase for […]

Fetal Position Day

Fetal Position Day

What position did you gravitate towards today: Long, Short, or Fetal? —————- Wow; are you really here, reading this? You must be a disciplined trader. ———— Doing homework, studying, and learning from a number of traders, after a long day at the office. Good for you. ———— *Pssst… let me whisper a message. Saying it […]

A Mountain of Pain

A Mountain of Pain

Yesterday’s river of rain turned into a mountain of pain for the short side. The jam session was a good opportunity for us to explore a few key ideas later in the day. I will share some of these key ideas. Just my opinion, nothing more. ————— Trader X asked me: “The conservative trade was hold […]

Stop 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 […]

Risk and Reward

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 […]

The mathematics of motion

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 […]

There will be Blood

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 […]

Dont squeeze the charmin traders

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 […]

Stop Losses

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 […]