A dummy a day: First Marblehead Corp. (FMD)
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.
The one-time momo stock FMD is falling like a rock and set up nicely today for a short:
