Profit taking

Ahead of the long holiday week, we are witnessing lot of profit taking. Frankly when you see so many gaps and gaps of 4 dollar plus after a long rally, you should expect some profit taking. Expect some wild moves on Tuesday and Wednesday as momentum players play their game in thin trading environment. Lot of heavily shorted names or sectors will be targeted to shake out short sellers. Low float and high short interest can sometime create explosive moves.
I am not finding much in scans today and have few new positions barring some quick morning hits.
Here is what I am finding in my scans currently:
AGN,Allergan Inc
ASCA,Ameristar Casinos Inc
BXP,Boston Properties Inc
CRDC,Cardica
CYBX,Cyberonics Inc
IPS,Ipsco Inc
LCRD,Lasercard Corporation
MCF,Contango Oil & Gas
MNT,Mentor Corp Minnesota
STLD,Steel Dynamics Inc
ZVUE,Handheld Entertainment Inc

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

404

Recent Articles

Profit taking

No comments:

Follow us

Best site to learn to trade

Most Read Posts

Blog Archive

404

Recent Articles

Related Articles

No comments:

Follow us

Best site to learn to trade

Most Read Posts

Subscribe To

Blog Archive