BTU making a cup and handle pattern with the last pullback. It showed good strength the past days and I expect it to go up and break the recent high, possibly above 3.00. Energy sector conditions will be critical for this setup. CLF another energy play. It's flagging above the recent breakout area and seems likely to continue upward. NES, another flag setup. It hasn't close green yet, but when it does I expect it...
I've been reading many trading books this year and I thought that it would be a good idea to create a series of post about the most important lessons that I learned from those books and share it with other traders. I will begin with one of the trading literature classics: Reminiscences of a Stock Operator by Edwin Lefevre. This book relates the story of legendary trader Jesse Livermore during the early 1900's. Lessons: Trading...
Investors Live is making a raffle to win a blazing fast trading pc + 1 year suscription to IU + both of their educational DVD's Tandem Trader & Texbook Trading. I definitetly wouldn't mind improving my current station so I'm in!. Here's the link, and of course, the more people you invite the higher your chances! Win a new Trading PC! ...
Recently, while looking through the "Resources" section in the Lance Beggs site, a trader who was featured in Chat with Traders (Incredible how one thing leads to another) I found the site of Adam H. Grimes, author of "The Art and Science of Technical Analysis", who offers not only a very useful blog and also a podcast, but also a completely free and very sound trading course. In the world of trading its very hard...
The other day I stumbled upon this interview with Tim Grittani and found it pretty interesting and inspiring. One of the ideas that he shared and reallystuck with me is that he began to become consistently profitable when he started to focus on one single pattern/strategy before moving on to others. So that's going to be the way that I'll be approaching the markets from now on. I share with you the interview so that...
Yesterday I joined Investors Underground. I considere this as another step in my progress and education as a trader. Later I'll be writing a review of the service just as with the other services So far I like that they're focused on learning how to trade instead of announcing trade alerts. They've got 3 chatrooms: Momentum, Swing & OTC/Subpenny trades. I must say thay I also got a nice discount by signing up for their...
Recently a friend of mine shared with me this awesome seminar by Mark Douglas, author of "The Diciplined Trader" & "Trading in the Zone", both books on trading psycology which I recommend to anyone wanting to improve their trading performance. Anyway, this long seminar is almost as a video synthesis of both books with real examples of how to solve trading problems provided by the very attendants of the seminar. ...
