Those of you who read my blog frequently know that I spend a great deal of time thinking of ways to help people increase their trading profits. I spent this weekend thinking about the best way to show / teach people to use my Profitable Stock Exit Strategy Tool to improve their trades. Then it [...]
Just a quick update on our virtual portfolio. The Money Flow Index on the SPY is starting to turn over a little bit, which is usually an indicator of a counter trend rally. Therefore I decided to take some of the profits we have already made.
Hi all, I just put together a quick video to review monsanto as today would have hit some of our stops.
Before I get started on today’s topic, I thought I would review the trade so far: Trade size – 100 shares Trade opened short - 10/20/2008 at $89 Currently – 10/23/2008, stock price – $74.91
#adp01 Today Monsato moved down by 10.4%, which takes our 2 day total to 13.9% profit. Catching moves like this is exciting, and scary all at the same time. It is very tempting for many novice traders to become greedy, thinking that the money train is unstoppable. The other thing that can happen psychologically is [...]
