I received some questions asking me to elaborate on the institutional trader report I just released here.
In this lesson, I go into depth about why the volume surges right before market close are nothing less than attacks against amateur traders and their ability to react to the market.
Think of it like this. By institutional traders and market makers cramming 3 hours of volume action into the last 60 seconds or so of trading, it greatly reduces our reaction time before the market closes.
Would you rather try and dodge a ball thrown at you, or a bullet shot out of a gun? Unless you’re Superman, you would rather try and get out of the way of a slower moving ball than a super fast sub-sonic speeding bullet. The reason is that you have more time to react. Trading is the same way. The more time we have to study a chart and react, the better decisions we make. Institutional traders have compressed the time we have to act down from hours, to just a few minutes.
In the video below, I sketch to better illustrate what is taking place before market close and why you need to be aware of this for your trading next week.
In this lesson, I examine the psychology of doomsday prepper traders that you are going to come across on Wall Street.
Doomsday preppers are usually stackers, but stackers are not always preppers.
I guesstimate that roughly 1/3rd of the American public is paranoid. Wikipedia defines paranoia a.... More »
Jason Bond Picks hit another 2 winners today! One win was from Jason in UVXY for a 5% or $2,582 gain in 1 day, and the other win was from "Jedi" Luke in the live day trading chat for a 43% win or $10,750 with a hold overnight.
There is not a lot of good looking swing trade setups right now so it .... More »
Technical trading has without a doubt become one of the most widely used trading strategies used in the market today, and while there are several setups one could use in technical trading - very few has proven to be as successful as the ascending triangle pattern. If you would like to become a real .... More »
It is imperative to understand the basics of penny stock trading before actually taking the plunge. If you are new to trading penny stocks and could use some pointers to help you along the way, then this quick guide to penny stocks for dummies will most certainly come in handy. Below are a few point.... More »
I did a video on a how to setup a dual monitor trading station a few weeks ago (http://www.guerillastocktrading.com/lessons/dual-multi-monitor-setup-for-stock-trading-computers-2/). Today, I hooked up a third monitor and I wanted to test some new technology.
Instead of hooking up the monitor to a.... More »