A simple trading strategy doesn’t mean an unreliable strategy, on the contrary. Success in trading lies on a set of simple rules that have to be followed strictly. By rules we basically mean technical analysis and risk management rules. A very simple trend following strategy which works in all time frames (day & swing trading) […]
Read MoreArchive: October, 2012
Why Greece has no hope
Let’s start with a very simple question: What is the first thing someone has to do in order to solve a political or economical problem? Someone must find the cause of this problem and eliminate it. In order to eliminate its roots you must first realize them and then you must have the will and […]
Read MoreAn ”almost” very successful swing trade
Entry time: 10.35 EDT on Monday October 15. Exit time: 11.56 EDT on Friday October 19. Trade duration: 4 days. Entry price: $28.26. Exit price: $29.29. Strategy: Reversal long. Net profit: 1 dollar/share. Sometimes, someone can find a very promising pattern but various market conditions can spoil the trade. Although this was a winning trade […]
Read MoreDay trade on October 3
Entry time: 10.59 EDT. Exit time: 11.24 EDT. Trade duration: 24 minutes Entry price: $34.16. Exit price: $34.56. Strategy: Reversal long. Net profit: 36.50 cents/share. Criteria for taking the trade: 1. The market is in uptrend in the short term (SPY daily chart below). 2. The intraday 5 minutes chart of SPY is also in an uptrend (below). […]
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