Threshold pharmaceuticals has certainly tested the threshold of my pain levels recently. 🙂 However in the midst of losing money on this short today, I actually learned alot about shorting momentum stocks from my mistakes. So for all you daytraders out there, here is a tip for shorting intraday runners. The number one rule about trading any stock is to wait and make sure you …
Here is a video on our trade in $GNOM today. This is a stock we have been stalking now for four days. Every day it gave me signs that it was going to breakout, but then it couldn’t. In the past two weeks, we have taken this trade twice and both times we sold for just small gains as …
As you all know we played znga this week for a nice 2 day gain. I was going to explain the technicals behind the trade. Its pretty simple.. IPO stocks have a tendency to open high and then fade for a few months following the price at the open. Once this happens, you want to set …
Here is a trade review for $OXGN. This is a great example of a stock lining up on all time frames, which is a characteristic of the best breakouts. When playing breakouts, if you can get a breakout on an intraday time frame and a daily time frame you have a high probability trade with minimal …
Read more$OXGN Trade Review – Aligning on Multiple Time Frames
In this trade review we will cover how to trade flags. This was on last night’s watchlist and we took the trade for about 40 cents in profit. When you see a pattern like this, you wait for the stock to break the trend. We had a perfect entry on this at $9.44 right as …
Here is a trade review on OWW. This stock went bad for me. YOu guys know I like to minimize my risk and keep my losses 5% or under for the most part. This stock had a great daily setup. Its what we call a Flag Pattern which is essentially a stock that goes sideways/bases …