Taking profits in a choppy market
After stalking WDC the past month, shorted it towards its bottom on 1/29. After a low volume bounce for three days it sold off with the rest of the market last week, but was unable to make new lows...
Read MoreAuthor: Erik Solomon
2 Day Rally
Keystone Trading Group -Market Update The market continued it’s 2 day rally today. The Dow closed up 111.32, and the $SPX up over 14 points closing at 1103.82.The $SPX has been pushed back up near its 20MA at 1109. The...
Read MoreHow to lose money like a professional stock trader
You are going to lose money stock trading. You are going to lose consistent money stock trading. The you will most likely lose money on 50% of your ideas. Ok I ‘m glad we got that out of the way. How do you feel?...
Read MoreDay Traders Satisfied with Market Volatility
Today was the type of day that Day Traders far and near have been waiting for. Follow through with volume. The markets sold off hard leaving this as the worst down session in 12 weeks. Threats of a tighter monetary policy in...
Read MoreTis the Season
Earnings season is under way! Alcoa (AA) the first company to report posted a narrower 4th quarter loss as aluminum prices rose and the manufacturing industry showed signs of improvement. The net loss was $277 million, or...
Read Morestock trading mentoring video
Day trading is a terrific business to earn a great living if you know what to do. Each month Keystone Trading Group holds online webinars that proivide continuing education for both new and experienced traders. These webinars...
Read MoreTrust Your Instincts
On December 2nd, I wrote a blog post entitled “Let’s Talk About Gold”. I had written that their was just to0 much talk about Gold and their were way to0 many analysts putting unrealistic price targets on...
Read MoreTrading with Patience
Usually Monday are more exciting for intra day traders: new information from the weekend, pent up demand/supply on the sidelines waiting to get involved, or something makes the market move. However every once in a while we get a...
Read MoreWhy do you exit good trades too soon?
There are many reasons for this but the number one reason is trading your P&L instead of trading the trade. The only way to hold on to good trades longer is believing in your idea (but being flexible to change if it is not...
Read MoreLet’s Talk About Gold
Gold, Gold, Gold! Who is not talking about Gold these days? The Gold trade has become the crude trade of the Spring and Summer of 2008. Back then Crude was all the hype. Everyday people who have little or no knowledge of...
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TraderPlanet’s Quick Guide to Candlesticks
