Progress

Shew, what a week! Actually, what a last FEW weeks it has been for me:  Regardless of how long you have been trading, it is always a learning process about the markets (and most importantly) understanding yourself as a trader.  Here is where I am standing MTD:

S&P performance MTD: up 1.32%

My performance MTD: up 16%

Continue reading “Progress”

No hurry no pause

It is always intriguing to me when I read about lifestyles of successful people and the power of habits in their life.  One of my favorites right now is Melissa Hartwig, co-founder of Whole30.  She will occasionally speak to her daily routine and just simply explains in her always unabashed, unapologetic manner “because routine”.

Continue reading “No hurry no pause”

Reversal time power

Becoming a successful trader is all about developing your strategy, which entails finding a play that you feel confident you recognize when it appears in your charts and then acting upon it in a smart manner.  Once you have a proven strategy that you feel confident to sit at the table with and play, you need to have within your playbook the rules that will keep you in and/or take you out of plays.  One of my rules when I see a potential play is to check the clock, as there are key pockets of time around which you may see consistent price reversals in stocks and the general market.  The key reversal times I have found to be be meaningful are the following:

  • 9:50-10:10 am
  • 10:25-10:35 am
  • 11:15-11:30 am
  • 1:15-1:30 pm
  • 2:15-2:30 pm
  • 3:00 pm
  • 3:30 pm

Look to reversal times to provide the following:

  • Washout buy opportunities
  • Parabolic short setups
  • Profit taking opportunities