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Like most biotech stocks with clinical trial results due to be released at a certain time, ELN ran up over a period of months leading into the announcement of results. It would be easy for a hedge fund to build a long position of 20 million shares over time and they were likely responsible for...

Wow, and the arrangement of the tubes appears to indicate use of Fib levels, too!

Although a bit less dangerous than Atkins' diet, the Zone diet isn't anti-inflammatory. Animal-based foods, oils, and refined grains and sugars are highly inflammatory and contribute to the development of most chronic disease. Worse, Sears blatantly lied in his book with regard to Ironman...

The reason gap strategies work so well (I've never had a loser trading a gap, using strategies from my own research), is because institutional traders (such as hedge funds) have to react to price shocks, whether it's liquidating or initiating a position based on news. I'm sure most hedge funds...

I believe a trader's mindset is the ability to follow one's trading plan without allowing the outcome of any individual trade or series of trades to cause one to deviate from the plan or change it mid-stream. I had the opportunity to watch two traders for about a year exercising a trader's...

What kind of rule is that? Maybe $300/day is a benchmark for someone based on the statistical analysis of their trading plan, but how the heck could that be a "rule"? Would that mean if you were up $3000 on the day, you'd have to giveback $2700? :eek:

Yeah, but it's $5K. Coming to market to day trade with $5K is like going to the State Fair with $20. Sure you'll be able to park, gain admission, have a ride or two, but you'll end up hungry and checking the cans for leftover beer :p

Day trading isn't a conservative strategy. IMHO, you either need some serious precision price action trading experience, or a very large trading account, to be a consistently profitable day trader. Since you believe you predict overall market movement well, it sounds like swing trading...

Agreed. That's how I trade; my trade entries and trade management rules are based on "those bars", which provide as much of the emotional story as you need to trade. YOU may need to break the rules to win; I need to follow them! :cool:

Ahhh, I didn't have that spike low earlier in June in my view. You really are Paleolithic!

Ascending triangle on the 5-min. If it breaks out, there's a convergence of resistance at 1389.00 (20-day EMA and previous lower trend line "S becomes R"). That would be Tomahawk's paleolithic Jun/July/August LTL :p

Damn straight! I'm all in long! XXXOOO, ES335 :D

UDOW tgt 52.00?

If you enter like this regularly, and based on the trade you posted, I agree you are doing the right things. Keep it simple. Highs, lows, support and resistance, that's all I use. If you connect the highs for SE after your entry, you'll have your downtrend line. You'd expect price to pullback...

One more thing: I've been trading the same core plan for more than two years, but I still have the sheet with my setups and rules on it right here in front of me and I review it every morning because of the tendency of my mind to start thinking while trading, which leads to trading what you...

You revealed a recognition of some very key issues here: 1. Without your plan in front of you, your mind will indeed play tricks based on simple human nature related to fear and ego. 2. You're mixing time frames, entering for a swing, but managing like a day trader (maybe even as a scalper...

I believe you know how to trade and have traded live money. I believe you have had plenty of successful trades and feel the thrill of having that "winner's eye". I believe you can easily see how a loser loses from your own personal experiences, which you've shared here on ET. I have no...

Hi cit, I'm an experienced technical trader who made and then lost tens of thousands of dollars trading options as a newbie. I am new to the forums and just starting options trading. I have been paper trading on and off the past 2 years and just recently I started trading with real money...

1. I think gap trading is one of the highest probability setups you can trade, because you're riding the coattails of pure raw emotion. 2. Pristine has an excellent reputation (A+ rating and 0 complaints with BBB). 3. You can study the price action surrounding gaps based on information...

I trade off charts exclusively, based on certain patterns repeating more often than not (and these same patterns have been repeating as far back as I've been able to see). But charts only tell you the past, only show you what has happened; no pattern or indicator predicts the future of any...