Category Archives: Diary

The power of Market Law #4

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     A few days ago I found myself attempting to guess when to sell my Call Credit Spread in the SPY and it finally occurred to me that I was ignoring Market Law #4 on my longer swing trades … Continue reading

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The best laid plans are sometimes thwarted…

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It’s been awhile since I went over a losing trade so I thought that my play in MSFT today might help out a few fellow traders. This setup in MSFT today is my bread and butter, I look for the … Continue reading

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Slow start so far for February trading…

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I’ve been on fire since the last two days of December 2014, but since the first of February I’ve had a hard time finding quality plays. I’ve had this happen many times before but I always have to remind myself … Continue reading

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Impressive numbers

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It took me awhile to come up with a spread sheet that I’d actually fill out. I’ve attempted this on a many of occasions but failed to continue to update. Finally during the Christmas holiday I was able to come … Continue reading

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The shock power of a Gap…

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  I gave a lecture at our local Las Vegas Day Traders meetup group last night and I wanted to share this chart of ANF showing the aftermath of price action after a Tier II gap from May 28th.  Price … Continue reading

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The one that got away…

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I had FB nailed to the wall and I decided that since it was almost 12:30 pm that I should take my chips off the table for lunch and not continue my trade.  I usually like to have things wrapped … Continue reading

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Stop out in CSCO and a simple reason why…

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I’ve got to admit that I’ve been hot lately and not had a losing day in weeks but today I ended the day down about 1/2 of a risk unit.  Which means if my risk was $100 per trade I’d … Continue reading

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The flip off method and don’t be so obvious methods used in shorting PEP

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The market gaped into resistance at the open making it very hard to trade long and everything I had on my list today, had little room to move higher, so I found myself just setting on my hands until I … Continue reading

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Gap N Snap play overlooked this morning but made good this afternoon…

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My other play of the day came in LVS which was on my down gap list this morning 15 minutes prior to the markets open.  I had it as a Tier III gap down but upon looking at the play … Continue reading

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Wide Range Whippy Bars

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  Check out the price action in HUM today, at the open price was wide an whippy taking out the prior days low and taking out everything to the left above.  What this does is it takes away all the … Continue reading

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