Archive for the Make Me Some Money Ideas Category
It just goes to show that you never really know where the markets are going. I had moved my stop up a bit as the previous stop under the pin would be a full 2% loss if it hit. Moving up the stop to a previous low meant a loss on this trade would be 1%.
Well, the markets fell extremely quickly today and took me out of the trade. Of course, it was disappointing and I would still be in my trade if the stop was below the pinbar but even if I was and saw the strength of this fall.. I would h
May 30, 2012
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The trade from last week didn't do anything today. There was very low volume in the markets today as the US stock market was closed early due to a public holiday, Memorial Day. However, the price action doesn't particularly look that great! You can see the strong pinbar push up as the bulls propped up the price. The day following, some more bulls were present but since then, weakness on Friday and today, not much. However, we shall see what happens when the markets open again tomorrow.. hope
May 28, 2012
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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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