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09 Oct

Posted at 12:57h in Day Trading Tools

In our community, we trade two types of reversals: VWAP reversals (or as Brian coined the them: Double Bottom Reversals) Extreme Reversals (or as Robert coined them: Booty Reversals) Brian and I usually trade VWAP or Double Bottom Reversals as we are both momentum traders at the Open. Robert and William trade Booty Reversals. As you may know, today I slept in and got to the trading station a bit late, around 11 am. I saw X...

08 Oct

Posted at 18:13h in Day Trading Success

The Chair of the Federal Reserve, Jerome Powell, spoke today at the AGM of the National Association for Business Economics. Unfortunately, he did not have much good news to share. He advised that the Feds “view the economy as being strong but susceptible to shocks, particularly from a global slowdown, trade and geopolitics like a potentially messy Brexit.” The market did not like that attitude one bit and SPY (the ETF that generally shows market direction)...

08 Oct

Posted at 12:50h in Daily Trading Result, Day Trading Success

The Chair of the Federal Reserve, Jerome Powell, spoke today at the AGM of the National Association for Business Economics. Unfortunately, he did not have much good news to share. He advised that the Feds "view the economy as being strong but susceptible to shocks, particularly from a global slowdown, trade and geopolitics like a potentially messy Brexit." The market did not like that attitude one bit and SPY (the ETF that generally shows market direction)...

25 Sep

Posted at 12:41h in Day Trading Success

Hello everyone, I hope that thus far you all are having a good trading week. I unfortunately did trade a bit recklessly but, overall, I am keeping myself in check. We had a great time on Saturday in NYC with traders from all over the place joining us. From Canada, as well as from Florida, California, Texas, and many other states, our members gathered together for an evening of laughs, drinks, food, and some words of wisdom...

13 Sep

Posted at 12:38h in Day Trading Success

Wow, what a day yesterday was! First, at 10:10 am ET, Bloomberg disclosed that based on "five people familiar with the matter", a limited trade deal with China would soon be announced by the White House. SPY skyrocketed to make a new all-time high! And then, at 10:50 am, the White House denied the report and SPY took a dive. Nevertheless, investors seemed to be in an optimistic mood because SPY did make a new...

10 Sep

Posted at 05:47h in Day Trading Success

ETF - Exchange-Traded Fund - Represents a stake in the underlying commodity, holds the assets it tracks. ETN - Exchange-Traded Note - Structured product that is issued as senior-debt notes (debt that possesses the highest priority if the company goes bankrupt). Inverse ETF/ETN - Designed to return the exact opposite performance of the underlying index/benchmark (in percentage gains/losses). Leveraged ETF/ETN - Designed to use financial derivatives and/or debt to amplify returns of the underlying index/benchmark (in percentage gains/losses). Usually...

02 Sep

Posted at 12:37h in Day Trading Tools

Hello traders, I just wanted to let you know that I have returned from my trip and I am ready to trade tomorrow morning! I am super excited to be back and I cannot wait to see everybody in the chat. I also wanted to wish those in the path of Hurricane Dorian the best of luck. We are keeping all those affected in our thoughts during this trying time. I also wanted to remind you to...

26 Aug

Posted at 12:34h in Daily Trading Result

Hello traders, I just wanted to let you know that I will be traveling for the remainder of this week and I won't be trading, but I will return on Tuesday, September 3rd. But don't worry, we have the chatroom covered with some of our incredible mods who will trade live and answer any questions you have! I also wanted to share with you how great the market was today. Volatility is amazing, thanks to the trade...