Today was painful for the bears, but if we played our plan as laid out, buying positions between 33.50 and 33.75 on the QQQQ’s we would be ahead of the game. It takes great discipline to execute according to plan. A great way of doing this is learning how to place complex orders via...
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I got burnt yesterday. I made a rookie mistake. I thought I had my stops in and the market ran against my shorts; and they were handed to me big time. With the run-up into the close I hesitated selling them after-hours. I did have a BGU hedge in...
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I have added today two (2) new mandatory reading assignments. They are relatively short, (actually they are novels compared to today’s twitter based world). Every trader should know or have heard of Tulipmania, which is now used as a common economic term defining an irrational economic bubble (much like the Internet bubble). The second...
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