Boom Boom stocks 4/21

Morning folks.  Looks like another gap up .. SPY already jumping  .6 premarket.  SLV still going nuts to the upside up another 1.6% , GLD is flat, while USO still ramping up .5%.    what a day yesterday market had a nice gap on earnings reactions in the morning and then stayed strong all day with …

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Magic of great reward to risk!

I wanted to write about this as i had a couple questions on it today.  I often tell my students that i personally train that the best money makers out there arent the greatest stockpickers but the best managers of risk.  My mentor paul singh used to say that nonstop in his emails to me.  As a trader thats your first job as very few people are great stock pickers.  for years I was a terrible terrible trader but i got by because I was a natural stock picker. I could hit such boomers that geting the perfect price, exit, stop loss didnt matter as much as there was a big margin of error.  But overtime my results plateud as I was taking 5 steps forward 4 steps back and i wasnt using good risk/position managment.  Those are the 2 things that seperate traders from elite traders.

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Boom Boom stocks 4/19/2011

the market did a bit of a tanking yesterday early in the morning giving us  quite a scare.  the ball fondlers over at the S&P had the nerve to downgrade u.s. debt….like these jerks who rated subprime mortgages with AAA ratings would know how to rate debt.  These are the jokers that let organic tilapia …

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Boom Boom stocks 4/18/2011

Morning folks. futures gapping down slightly on global issues over the weekend..  china raising rates (big inflation in the works there), european debt issues,etc .   Earnings will be front and center this week with over 100 of the s&p reporting this week.   Reactions to earnings last week were muted to not so good.  Usuaully during …

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Swing Watch List – Late Night Quick List

All daily chart setups – Breakout Setups: STEI – Nice bull trend on the daily. Now testing recent highs.  Break of 8.40 for possible swing. OME – MACD trying to bounce off zero with price building ascending triangle with $15 as the breakout range to watch. NVAX – May go on positive MACD cross.  Watch …

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