ANF is Breaking Down
Posted on January 30, 2009 by Adam
That’s what I call a descending triangle!
Continue ReadingArchive for January, 2009
Short ANF
Posted on January 27, 2009 by Adam
I have always hated their clothes and the obnoxious bags they come in. Here’s your chance to get revenge: A nice looking descending triangle about to break down.
Continue ReadingHow Options Work - The Basics
Posted on January 27, 2009 by Adam
If you have never traded options before then there is a lot to learn. Options were traditionally used by institutional investors to hedge their positions, but the proliferation of online discount options brokers has caused options trading to become much more widespread among retail investors.
Options can still be used to hedge, but they can be [...]
Why Earnings Season Sucks
Posted on January 26, 2009 by Adam
I was long February 50 puts for DHR, anticipating a breakdown from a small head and shoulders pattern. Everything is working fine until this morning. I boot up my trading platform and surprise: big earnings announcement! DHR is now up 9% and by options are worth $0.60.
Let this be a lesson: don’t trade around earnings [...]
MMM, Wendy’s
Posted on January 26, 2009 by Adam
Looking for a great upward trend? WEN!
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Weekly Outlook
Posted on January 26, 2009 by Adam
Index futures have been steadily trending higher all night after rebounding off the overnight lows. It will be interesting to see if the trend can continue into the open. If the S&P can break above 840, the highs from Thursday’s session, look to add bullish positions. Prices could go all the way to 860. If [...]
Continue ReadingHow to Hack Finviz Stock Screener to Find Great Setups
Posted on January 25, 2009 by Adam
Finviz is an incredible tool for any stock trader. Whether you want to pour over the fundamental data (not my cup of tea) or find perfect technical setups, it has the goods to cater to you. So why aren’t you using it?
I’ve been using Finviz for a while now and I’ve managed to devise some [...]
Great Insight
Posted on January 24, 2009 by Adam
I came across this great quote today. Thought I would share, because it sums up a great attitude towards trading.
“A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.”
- Jesse L. [...]
10 Trading Tips - Keep Your Head in the Game
Posted on January 24, 2009 by Adam
So much of trading is emotional. I believe it was Yogi Berra who said:
99% of the game is half mental.
Yogi, who may have been half mental himself, was so right. Trading is the same way. Most traders make bad decisions based on bizarre emotions that run through their heads. I promise you that is the [...]
Be on the lookout for an extended pullback.