Tools of the ‘Trade’ — How I Work (2011 Version)

This is an update to the post I made back in 2006. What I do hasn’t changed much but some of the tools have changed over the years. In short, the changes are: I’ve changed brokers/trading platforms — a couple of times. Schwab shut down Cybertrader and sent me scrambling to find a new place [...]

To Scale or Not to Scale?

In ‘Scale Fish not Trades‘ Michael Taylor discusses why scaling into positions is not a good idea: I have tested and retested scaling into trades in all my systems. And on every system I have created…scaling into a trade produced mixed results. Not one garnered better results than the original non-scaling method. In response to [...]

Great Companies, Great Charts

Andy Dunn was nice enough to send me a copy of his new book, Great Companies, Great Charts, to review. In the book Andy explains the trading system he developed after his portfolio took a beating during the recent bear market. His system, which has some similarities to CANSLIM, is very simple — buy great [...]

Watchlist Disclaimer

These are short term plays (probably 3 to 5 day moves). By no means will I trade every stock on the list. When an alert fires I’ll examine the intraday chart to see if there’s still a good entry point. If a stock gaps through my entry I may very well just let if go [...]