charts/tape reading

The market doesn't care what I or anyone else says.
The market is the final authority of profits or losses.
That's why it's smart to listen closely to what the market has to say.

One way to look at is ignore noise (news) and focus on charts as the resistance/support/hammer/volume is how the market is saying what it wants to say.

Monday, February 6, 2012

1 percent trade

going to get my feet wet with the following small option trade:
- Bought x FAST May 40 call for 8.7 [3/5/2012 will be the deadline and hoping for a 80% gain with a 20% stop-loss ]
Posted by at 7:59 AM

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