Category Archives: Diary

QQQ update and TraderHank’s play of the day in MOS

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The Q’s opened the day with a small gap up @ 83.05 and immediately set the high for the day @ 83.07 within the first 5 minutes of trading.  Price sold off hard into 10 am reversal time setting the … Continue reading

Posted in 9:45 Wide Range Bar Plays, Diary | Comments Off on QQQ update and TraderHank’s play of the day in MOS

10/18/2013 – Why do perfectly looking 15 minute buy or sell setups fail?

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For years I’ve been frustrated on why a perfectly looking 15 minute buy setup would roll over and fail even with the rest of the market powering upward.  The setup could be picture perfect, with bottoming tail, at the rising … Continue reading

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10/06/2013 Before making a trade, is the market environment good enough for you to catch up if you take a loss?

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On Friday Robert Shapiro, head moderator of Affinity’s Online Trading Room (OTR), made a comment that I thought was something to think about when you find yourself with a short stock list for trading and you might be down a … Continue reading

Posted in Diary | Comments Off on 10/06/2013 Before making a trade, is the market environment good enough for you to catch up if you take a loss?

09/21/2013 Add and Reduce, Reversal Times and Homework…

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I have to admit, a few weeks ago I felt like the wheels fell off with my equity trading.  I was attempting to make changes to the way I take my plays attempting to have a major breakthrough, instead I … Continue reading

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Many short traders where caught off guard today…

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This is one of the more fascinating lessons that I learned for Greg Capri @ Pristine.com in his ATS class formerly TPM II.  Today price gaped above and traded above breaking the last high pivot area from the last two … Continue reading

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08/14/2013 I removed the moving averages from my Equity charts…

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 I took off the training wheels a little over a week ago and I think I’m finally over them.  The charts are so much clearer without the moving averages and my trading is improving as a result.  I’ve removed the … Continue reading

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6-10-2013 Not a losing trading week since early April…

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Patience and self discipline are the two ingredients that a master trader must have to stay profitable.  I’m sure that most traders know that, it sounds easy enough, but when it comes down to it, It’s not human like.  My … Continue reading

Posted in Diary | Comments Off on 6-10-2013 Not a losing trading week since early April…

04/20/2013 A quote from Oliver Velez

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 I can sum up last weeks trading by sharing what Oliver had said several months back that when I forget, I get into trouble, He said, “A Master Trader Has tiny little loses, tiny little wins, a few break evens, a … Continue reading

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03-16-2013 Perfect trading week

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I just had one of the best weeks of trading I believe since I started trading over 4 years ago.  It started last Wednesday and carried into everyday this week.  I had not one losing trade since Wednesday of last … Continue reading

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02-12-2013 Lowing your risk unit to get your rhythm back…

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Monday I lowered my risk unit since I have been in a struggle with my plays.  I found myself being left out of many good plays for fear of loss, which is a sure sign of trouble with your risk … Continue reading

Posted in Diary | Comments Off on 02-12-2013 Lowing your risk unit to get your rhythm back…