Archive for May, 2012
I read today that Josh Brolin the actor who starred in Wall Street 2 and Goonies (yes, this is old but one of my favourite films when i was growing up) used to be a very successful day trader. In fact, he was so successful that he said that he returned just under 60% on his portfolio in 2008... pretty impressive numbers particularly as the markets were crashing at this time too.
He said on an American chat show:
"I use a very specific type of trading which is Pull Backs, that is what I d
May 27, 2012
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I have two FREE online trading magazines for you today....
http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v05capitalspreads
and
http://tradersonline-mag.com/01_ezine/01_traders/en/2012/06/index.html
The first link.. I've not seen this magazine before but hey, it doesn't cost a single dime so can't complain.
The second magazine, I'm familiar with and have in the past posted their links to their magazines. They have pretty good articles... they talk about strategi
May 26, 2012
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I went long on the DOW the other day, see the daily chart of the Dow below... it had hit support and the second time it did so, there was a pin bar pattern indicating strength with the buyers. The second day, you can see continued strength but today, there has been some selling. I went long at the break of the nose of the pin bar and my stop is 5 pips under the bottom of the pin. The trend is down however but this is a reversal play. It is risky considering how weak the market is but this could
May 25, 2012
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