Archive for March, 2007

Light volume up move

Nothing to get excited about with todays up move. 115 pt up move in the Dow but nothing more than a light volume pullback. If you were slow to execute a trailing stop on a long position from the last 6 months, I think this is a good opportunity to do so.

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Home Depot

HD gave us a great 4 candle pullback last week and set up a sell short coming into monday good for $2. We are flat and looking for our next trade.

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Green on the screen

Green on the screen is the first priority for new traders. Too many traders come to the trading floor thinking they will pay their rent immediatley with trading profits. If you truly want to be in this business as a career, learn what you are doing first. Learn how to be a gross profitable trader, [...]

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