whoa! what a week the s&p down 4% plus. Lot of carnage everywhere. Seems like we tend to get these type of wipeouts every year. As momo traders when the market is in a clear trend thats where we make the biggest money. Its the choppy markets like we had in April when the …
Here is a short trade we made in $GRPN last week. This stock popped on earnings and immediately started to fade. Once it became obvious, via the chart, that the pop wasn’t going to hold we started to look for a setup intraday to short it. We entered at $13.69 and added more to the short …
Are you a new trader with more losses than wins, and more questions than answers? An experienced trader looking for an edge or a way to be competitive and profitable in any market environment? You can continue to struggle along, cobbling together a mishmash of things you’ve picked up in random tweets, abstract …
Dow: -3.52%S&P 500: -4.30%Nasdaq Comp.: -5.28%Russell 2000: -5.42% Crazy weeks folks! but it was a beauty. As trend traders we live for these times where you have an easy discernable/tradeable trend. This past year since dec 2011 we had a 4 month uptrend. a 1 month distribution cycle and now a very nice …