Hello everyone. @szaman here. We had a nice trade on YELP in the chat room today. Here’s the setup explained. In his book “Hit and Run Trading 2”, Jeff Cooper talks about a trading technique called , “Hot IPO Pullback” setup”. The rule basically is , Hot IPO debuted and traded at least 15% higher …
Here is a trade review on ROYL which we added at 5.3 on 2/23/2012 on a 3 day pullback with a huge run in oil. I liked this stock for a few reasons. 1. we had a very nice clean breakout in oil which put a bid in oil stocks. 2. The chart on ROYL …
Today we alerted ALIM in the chatroom for a quick 40 cent pop. The reason the alim breakout was so powerful was because it was breaking on multiple timeframes. Here are the mechanices behind how to take trades on multiple timeframes. You use the daily chart to find your setups and you use the intraday chart to time your …
Hello everyone, @szaman here. I will go through few trades that I took in chat room today and what worked and did not.Hope this helps. ELX Alert was at 11. Stock based below 11 all day. If you wanted in it had to be below 11 as keep on bouncing 20 ema.Worked well till R2 …
Imperial Sugar company ($IPSU) has been a hot stock for us in the boom room the past two weeks. We have absolutely nailed the entries on this stock 3 times for huge gains. Take a look at the trades broken down and how we played this stock for huge profits all three times. All 3 …
Threshold pharmaceuticals has certainly tested the threshold of my pain levels recently. 🙂 However in the midst of losing money on this short today, I actually learned alot about shorting momentum stocks from my mistakes. So for all you daytraders out there, here is a tip for shorting intraday runners. The number one rule about trading any stock is to wait and make sure you …