Pristine Trading is having an open house on February 5, 6, and 7th to their "Black Room", if you don't have a free membership with them just go to their site, http://www.pristine.com, and sign up, it's, FREE!!!!!!!!!!!!!!
I will be in the room those three days, mainly because I'm a cheap bastard, but also to get Paul Lange's opinion of where the market's are going.
Trade Setups for Thursday January 31th 2013 |
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Short ideas |
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PLEASE NOTE:
The primary focus is to find Swing Trades. I look for intraday setups that
have a potential to become swing trades. Since traders area diverse I do post additional ideas (day trades, position trades and scalp trades). It is up to you to decide which trades are appropriate for your trading style. I do NOT personally take every trade (I don't trade scalp and fast trades). Your success depends on YOU taking trades you understand and like. I am always available to contact for additional trade explanation. TRADING THE OPEN
During normal market conditions our regular setups generally do very well
regardless what time they are taken. Trading right at the open always adds risk. It is recommended that new trades not be taken for the first 5 minutes the market is open. I will treat each new trade that sets up during this time as a gap trade and wait till the stock comes back and takes out its 15 minute high or low.
Trading is risky. It is our job as traders to reduce this risk and increase
our chances of success. IMPORTANT:
Take only the opportunities that you really like and understand. Always
enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!! |
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If you have any questions, please feel free to contact me.
Good luck trading today!
Ivica Juracich
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