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Old 06-25-2009, 02:28 PM   #153

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Re: A Look at a Stock Trader's Day
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Originally Posted by imorgan »
Did you end up shorting LM? I took a guess where I might have shorted it and annotated the chart a little.

I did not short LM, but I may end up wishing that I had (its down a dime from where I would have shorted it as I type).

Your chart looks excellent! That is where I would have shorted it. My initial stop loss would be at about 24.25.
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Old 07-08-2009, 03:05 PM   #154

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Re: A Look at a Stock Trader's Day
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Also, price stalled at Friday's low. A stall is a term used by Mike Reed at tradestalker.com. He has an eBook called Read the Greed where he discusses stalls.
Hey Thales,

I have been thinking about buying Mike's eBook. Just curious if you recommend it? I haven't found much info about it other than his site and came across your post mentioning it and thought I would ask.

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Old 07-09-2009, 10:17 PM   #155

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Re: A Look at a Stock Trader's Day
I found Mike's book very useful for the stage of development I was in when I was introduced to his work. His use of support and resistance really opened my eyes to using S/R, but he also relies quite heavily on "set-ups," and indicators.
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