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SNDV - BREAKEVEN phase, stop at 9.50 WIND - moved to BREAKEVEN phase, stop at 6.02 open orders, short TEX below 19.54 short HON below 26.99 WIND is surprising me with its strength. 2x risk is at 6.81.

Most americans don't know about block heaters lol.

Because of the gap none of trades were triggered friday. So this week I had 2 losses of 1x Risk. SNDV and WIND still open both at a profit so i didn't lose much. Reflections on the week: 1. Lack of discipline... a. i chased qqq a few times and got burned (not detailed in this...

Nothing muching going on... WIND,SNDV still open in same phases. SNDV going to sell everything at 2x risk at 10.20 if I can because this stock is just too illiquid. Trades for Friday I really want to get short for october, tomorrow or early next week should be the high. So trade on...

What newsletter is this?

Well put. Thanks :)

I'm not saying the market is random. I'm saying that if you have a slight edge, any give trade is almost random. Otherwise you'd own the world in about 2 months.

I would agree with this. Even if you have a strategy that returns 30% per year with a normal amount of volatility, when you break that down to a per day return, there is between 50 and 51% chance that a given day is an upday.

Yeah I guess a lot of it is intuition, but I don't feel bad about that cause i know any given trade is 50/50, as long as I have the same mechanical setup. Think of this way. A lot of smarter people then me would identify a setup that was more then 50/50, and exploit it, and smooth it out to...

Yep, there is alot of things you can do, unfortunately that leads to paralysis by analysis. For example I am currently stalking an INTC short. If INTC were to close right now, tomorrow I would be looking to short if it breaks todays lows, with a stop just above todays high. Why...

I have slowly come to the belief that the market at any given point is almost random. (I recommend reading Fooled By Randomness). Therefore no matter how I enter a position, its near random as to the result. As such I use support and resistance levels to make targets and place stops. If...

Why not just use support and resistance levels, and size your position accordingly?

Pete, I am expecting tomorrow to be an up day, with tomorrow's close or friday morning the end of the move. Then expect things to sell off in typical october fashion.

I thought stops were only executed during the day? Thats been my experience anyway.

what makes currencies easier to trade?

I think that possibly we could be in for a big whammy here. So looking to short INTC below $27.20, stop at $28.40 ATYT below $14.30, stop at $15.17 QQQ, I'd like to see this pullback to $33.50 - $34 before considering a short. These probably won't trigger tomorrow, but maybe :D

SNDV moved to BREAKEVEN phase, stop is now near entry at 9.50 WIND still in Initial phase. Although todays trading in WIND looks kinda like a shooting star now.... might have to close this trade early and go short if it triggers as a short tomorrow. I would have thought there would be...

WEDC, VRSO stopped out at 1x Risk. SNDV still in INITIAL phase WIND triggered long this morning, in INITIAL phase. Things seem to have gone to shit this morning so I have cancelled all other orders. I am going to take the above suggestion and throw some shorts into the mix. Maybe...

Symbol Date Entry Price Initial Stop 1x Risk 2x Risk Current Price Trade State Trade Results Comments VRSO Sep-29 4.01 3.89 4.13 4.25 3.98 INITIAL N/A WEDC Sep-29 11.41 10.58 12.24 13.07 10.82 INITIAL N/A SNDV Sep-29 9.44 9.06 9.82 10.2 9.66 INITIAL N/A WIND Sep-30 5.97 5.55 6.39 6.81...

I pulled my KMRT order this morning when I saw the huge spreads. I am going to filter my candidates by higher volume so i get more liquid stocks. So today: Put on VRSO, WEDC and SNDV according to plan. All three are still in the Initial phase of the trade. Valid phases are: INITIAL -...