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 [...]

How I Monitor So Many Stocks for Narrow Candles

I guess I need to keep the “how I trade” post at the top of the site and put in in flashing lights or something. I wrote that post to answer 95% of the email I recieve yet I still get the same questions over & over. I ‘d better hurry up and make a [...]

More on Partial Profits

Vince had the following questions about how I trail my stop loss orders and take partial profits: Mike – it is great to see your trades – it helps many of us – great job. Question – you seem to acknowledge that at 2R you take partial profit and also at the same time you [...]

A Little More Q & A

I thought I’d answer these questions on the site since I get asked some of these often… Mike, if there is a better method for me to ask you these questions, please let me know. You may choose not to answer any or all of them or not reply to this email at all. That [...]

Trading Starbucks Last Friday

SD Trader wanted to know: Mike, I was hoping you could look at SBUX for today’s trading session and show me how you would trade this stock. I got in today at the $36.25 breakout but my stop was too tight (ts.05) and I got stopped at $36.38. Specifically, provide when you would change your [...]