Archive for January, 2009

Obama – Week 1

In his first week, Obama was able to get an $819 billion stimulus bill passed that will include  spending increases and tax cuts in to revive a badly ailing economy. This was after a day in which bank stocks soared with Citibank rising over 18% and bank of America extended its gains by almost 14%.  [...]

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Knowing when to trade… Being Patient

Today was a great example of keeping your powder dry during slow periods so you can take full advantage of the markets when the obvious order flow start kicking in. Through our mentoring program we are looking to maximize everybody’s potential. That included telling traders when to sit on their hands; lunch time is a [...]

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the number one goal for new day traders

It amazes me how many new day traders have the same question. How can I make bigger profits more consistently on each trade?
Can you just show me how to make big money please? During the first interviews we have with potential traders and then right up through the first day of Equity Trader 101 we talk about [...]

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Day Trading Technical Analysis

Charts for review:

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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2nd week of 2009!

Second week of trading for 2009! Here we go… everybody has been ready to go setting goals for trading, and making sure they start the year off on a good note. The best place to start is making sure your goals and your plan are compatible with each other. Then you have to make [...]

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