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- $26 Grossly undertraded again today, but no shortage of opportunities. I simply have to become more active and just a bit less conservative in my orders. I do well when I place my short offers while the stock is still climbing rather than waiting for a stall. By the time it stalls, it tends...

I don't get all the back and forth about sucker's rallies and being a fool to fall for them. We are traders, correct? If a stock or a market rallies take the long ride, if it falls take the short ride. And if you like a stock at a given price as a long term investment, buy it and hold it...

- $146 This should have been my best day ever and it sucked, though I'm very pleased with my discipline in exiting trades that went against me. I went long PBR @ 21.36 when it seemed to stall and turn upward after dropping all morning. It ended up dropping further and I exited for a $100...

- $146 Exited my profitable trade $1500 early :mad: And then missed getting filled ISRG long at 145.50 by a penny and why didn't I chase that one???

- $97 Way too slow on the draw today, missing some great early action. Bought SPWRA @ 25.05 upon failure to make a new low and stochastic oversold condition. Closed out @ 25.34 for a $145 gain. Bought CLF @ 19.95 when it established strength around the 19.90 support level and was oversold...

- $97 Should've focused on shorts today :eek:

The low on your chart is just above 26.60, then the next higher low is a few pennies above that. If you draw a trend line connecting the bottoms of those two lows it should lead you to the next low that will be tested, which in this case is just below 26.80. So your target exit price would be...

+ $321 Shorted DVA this morning on the second overbought stochastic when it stalled near the previous resistance @ 53.00. I had a chance to take a quick $100 but it looked like it would drop significantly more. It did not, instead rallying to the HOD, where I awaited my fate. Fortunately it...

+ $321 Climbed CLFs most of the day, and got a bit of sun when it was all over :cool:

+ $743 Closed DRYS calls this morning when they failed to break the opening high for a $600 gain. Put on the same position again later in the day when the price dropped back in the 13 range. Shorted BIIB @ 47.26 when overbought stochastic indicated there would be a failure to test the...

+ $743 Still grossly undertrading, but pleased with another 3 for 3 day :cool:

Tommy, I have not traded for a long time, but I've paid heavy dues because I did everything I'm about to tell you AFTER learning the hard way. Definitely read Velez's book Tools & Tactics for the Master Day Trader and also read The Market Maker's Edge by Josh Lukeman. (Memorize his first...

Sent you a PM.

+ $328 Traded way less than intended due to being too slow to pull the trigger again. It’s like the minute I’m ready to go the price moves quickly in my favor and then I don’t want to chase. I do better when I anticipate, but then it’s always scarier because the price generally moves...

+ $328 Another 3 for 3 day and only one tiny loss in an $1143 week :cool: Have a great weekend everyone!

+ $273 Wanted to trade CAL again today, so I waited for a trend to be established. After a double bottom established support, it rallied again and I shorted @ 16.49 when overbought stochastic indicated a likely failure to test the HOD. Covered @ 16.24 for a $125 gain when oversold stochastic...

+ $273 Didn't trade nearly enough, but 3 out of 3 ain't bad :cool:

OK, I'll eat my hat - it didn't even hit 48 before rebounding!

I agree, and believe it will hit 46 before attempting to move higher.

+ $220 Yesterday I put on a TGT short with the intention of holding it a while (like a day or two based on daily chart overbought). It moved significantly against me, but did not hit my stop, then retraced down about half the gain, so I held overnight. Because it only pulled back halfway...