Wednesday, January 18, 2017

DON'T BREAK THESE RULES!!!


Writing this post as a reminder to myself not to do these boneheaded things that usually leads to losses.
  • DON'T long stocks that are below (and can't get back above) premarket highs.
  • DON'T short stocks that are above (and can't get back below) premarket highs.
  • DON'T be long-biased on a stock that is below (and can't get back above) VWAP.
  • DON'T be short-biased on a stock that is above (and can't get back below) VWAP.

9 comments:

  1. Totally agree. Great example.

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  3. Thanks for writing about it, we need lessons like these and that too for free. Hope people realize what golden lessons on mistakes you are offering and knowing you, u will make this back in a day or two ..keep going brotha

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  4. Tough loss today but good reminder bro

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  5. Hi people,
    Thank you so much for this wonderful article really!
    If someone want to learn more about daytrading room I think this is the right place for you!

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  6. Madaz. I wish you did more lessons like this one. My brain just get's the way you teach unlike someone else online who shall remain nameless. Here's an idea, a quick daily lesson for a newer trader. Maybe a video or text and pic format. $1.00 a day. I'm in!!!

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  7. Excellent simple lesson long or short. Put it up my my computer.Thanks Madaz.

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  8. Thank you so much for this wonderful article really! i like this blog..

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