Posted on June 11th, 2008 at 03:46 PM

During my mentoring session last week, we talked about how to address the first part of the GETM Trading process. When it comes to "Get The Trade", it helps to have a clear understanding of the Advanced GET Scanner.

When you are a futures trader, "Getting the Trade" is a fairly straightforward process; you have a select group of contracts that you follow, you follow only a few time frames, so those two aspects of your trading is pretty much handled. If on the other hand you are a equities trader, the choice isn't as clear. There are literally thousands of tradable stocks, each one with numerous time frames. With that sort of variety, it helps to know the tools in your arsenal to narrow things down.

Posted on June 12th, 2008 at 08:06 PM

The CFO and COO of Lehman (LEH) are out.  This is not shocking.  I am surprised the CEO is keeping his job. 

Citigroup (C) is shutting down a hedge fund that it purchased last year for more than $800 million.

By Mike Parnos, Online Trading Academy’s Options Therapist*

It's not easy for any of us to ask a question -- whether it be verbally, at a seminar, or even via email. Why? Because we take a chance that we’ll look stupid. That's why, when someone asks a question, I respect the person. If he or she wants to learn, I'm going to be there. By the same token, if I want a student to respect me, I'll answer his or her questions. That's one of the many things that enables those of us in the trading education industry to do what we do.

So, in the spirit of supporting inquiring minds, here’s a question I fielded from one of my students:

By Mircea Dologa, MD, CTA*
Posted: June 13, 2008

The mysteries of trading the opening gap have eluded most traders. Only astute traders have had the courage to conceive of and execute these trades. One could wonder why. Well, the complexity of market flow achieves all of its importance well ahead of the "ringing bell" signal. Even if the mysterious air of the opening gap dissipates rapidly, as soon as he / she comprehends its foundation, the trader still has to work on everyday trading techniques.

Some traders will say that "the first hour is the novice's" and the last one "belongs to the professional trader"! Well…I completely disagree with this! Opening trades have a high level of complexity, and their comprehension takes time, at least several years of experience.