Professor’s Comments November 12, 2013 Update
Posted by OMS at November 12th, 2013
I’m having a really nice day with two of the stocks I talked about this morning.
MPC popped 1.5 points after the open, and BIDU is down over 2 points from where I started shorting it at 10:45 this morning on the 5s.
The reason I’m pointing this out to you today is because I will be doing even more of this type of scalping in the weeks ahead.
Again, IF you’re not sure about what I’m doing, please review the Comments I made this morning.
It’s what we do when the market is in a consolidation mode. And it’s a pretty easy way to get paid :>)
Not sure of the terminology we use? Check out these articles
All of the commentary expressed in this site and any attachments are opinions of the author, subject to change, and provided for educational purposes only. Nothing in this commentary or any attachments should be considered as trading advice. Trading any financial instrument is RISKY and may result in loss of capital including loss of principal. Past performance is not indicative of future results. Always understand the RISK before you trade.
Category: Professor's Comments