Sometimes when there is a slump in a stock price it seems that the price chart is like a tentacle reaching down, trying to feel for the bottom point.
When you watch it, it is just like this, so it can be an idea to try and judge when the tentacle has extended it’s reach [...]
Wow, after the 1000 points in 10 minutes fall on the S&P 500 back on May 6th, and the pre 2:30pm anti-meltdown computer thing being implemented in the US, I captured a possible test of this on the LSE today. Of course there is a time difference between the UK and US.
Damn, I wish [...]
This is what I do to make massive money each day when I am on a winning streak:
Focus on one stock
Trade the swings
Sell on a good gain
Reinvest at a dip
Have a conviction that the stock will trend up in the time frame that you are working in
Be well aware of the level of [...]
Here is the first post that describes my trading tools. I work on the KISS principle of keeping things simple.
There are a few essential tools that are required, even though we are adopting the simple strategy.
The first one that I want to show you is the Live Price Feed. This is vital so that [...]
Here is a great example of how private investors are screwed by the corporate traders. But if you recognize what they are up to, you can avoid being screwed maybe.
The image below is from my trading screen and spans 3 days. In it I have placed some big arrows indicating large gaps in the [...]
This is funny where a pit trader makes crazy commentary on the falling stock market of May 6th 2010. Towards the end he sounds like a car auctioneer or horse race commentator with a furious pace of delivery interspersed with occasional remarks of disbelief that a baseline hasn’t been reached.