“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

Here is a video of some of my students fighting over a pepsi:

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

Dear Diary,
It will be interesting to see how the market reacts to Friday’s afternoon sell-off.
Based on Friday’s trading, the following stocks are worth noting:

Support uglychart.com by becoming a sponsor!

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
Here is one I missed from today, BGC:

If you shorted BGC when it broke below its 11:00 candle at $43.79 with a stop above it at $44.01, you would only risk 22 cents. Waiting to cover until the end of the day would have given you about 176 cents for every share you were short, or 8 times your risk.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
Here is one I missed from today, BRCD:

If you bought BRCD when it broke above the 11:00 candle at $8.43 with a stop below it at $8.39, you would only risk 4 cents. Holding until the end of the day would have given you about 20 cents for every share you owned, or 5 times your risk.

I got too into my new scalping idea and overtraded today and missed some moves. I’m writing this down so that I remember - I’d like my system to consist of the following principles:

1) trade off of the 30-min charts as usual
2) look for volume on a break of the previous 30-min range
3) try to hold at least half of the position into the close
4) don’t be afraid to take profits/close a position if things don’t feel right
5) make sure to get a large enough position on a trade so that it means something
6) if you reach your max loss for the day - quit

Today I was the scalp-master, riding the waves of the market - in and out all over the place. I traded too many shares and even though I was up a measly $35.11 on the day, I was down with commissions. I missed some nice moves because I was too concerned with taking quick profits. I have to remember that the key is not about taking quick profits, but taking small losses. I’ve decided to cut my max loss in half. I’ve decided I am allergic to losing. I will do everything to avoid losing money. You need to take some risks, but I have been too lenient with losses over the last few months.
No chump is getting my money.
By the way, I got over 80 seconds on the new flash game - beat that, airforce pilots! Maybe ninja stock traders would make great fighter pilots.