February 21, 2008
Nine Trading Ideas for Thursday, February 21
The Box went a little nuts and came up with nine (!) trading ideas — five shorts, four longs — for Thursday. I’ll start charging on March 1st for these ideas, but until then you can join the list for free by emailing me.
The Long Bond ETF (TLT) is one of the ideas … you can see that the box comes up with the entry level, initial protective stop level, and target levels. The trade set-up makes sense because the maximum expected loss is a fraction of the minimum expected gain. Once you begin thinking in terms of risk and reward, everything becomes clear and you stop floundering around taking marginal set-ups. If you have any questions, just leave a comment and I’ll answer it.
Cat: | Time: 8:17 am (utc+8)
February 21st, 2008 at 10:55 pm
Any idea about taking trades during the first 30min of the market if ideas trigger?
February 22nd, 2008 at 4:55 am
Ed: There’s no time limit for these swing trades … when day trading I’d always watch for the first hour or 45 minutes to get a feel for the tone, but these swing trades are a different kettle of fish and don’t require that kind of obsessive monitoring. Does that answer your question? I’m not really sure what you’re asking…