daily reports attached and some case studies that continue our development of the WMB entry technique (Williams%R, MACD-H, Breakout on candles) (Will Make Bank) Silver rewarded us by holding overnight on a large gap up, and we squeezed another 4-6R out of it, depending on how exits were managed. We saw the relative strength in the […]
Tag: Day trading
Traders Roundtable: the fifth P of successful trading is Performance
A lot of beginning traders are under the mistaken assumption that if they have a back tested system, good preparation, and a relaxed state of mind that they have an almost certainty of being successful. If only it were that easy. All the preparation and the world does not guarantee effective performance. We still have […]
Should I have a long or short bias at this moment?
Image via Wikipedia There were two duelling hypotheses at work today in the market, looking at symbol: in SPY, the exchanged traded fund for the US S&P 500 index. Price had gone back and forth between buyers and sellers, bulls and bears.. Was the high of the day seen at 110.8 and /or was the […]
Education advice for new traders
Image via Wikipedia Learning to survive in the world of daytrading and swing trading is no small undertaking. If it were easy, everyone could do it. The ocean of trading is filled with sharks who are looking to gobble up easy marks. You want to make sure that you’re not an easy catch for them. […]
Risk management for new traders
Image via Wikipedia Daytrading seminars, trading books, television commentators and radio advertisements are filled with promises of easy money in the stock market. With just a little bit effort and a fistful of dollars, you too can be enjoying the lifestyle of the rich and famous. We know in our hearts that this is not […]