I am a 42 yr old former IBD trader. Price action, volume and chart patterns is all I got in my tool bag. I am a smart ass but very sensitive. Go figure. Please don't follow me blindly. Avg yearly return rate the last 6 yrs: 51% including 2014.
Charting--learn charting/$ mgmt, it works--no GUESSING, no more FUNDIES, All analysts and idiots IGNORED. Haven't looked at a cash flow, P&L, balance sheet in several YEARS. Be a machine, flush emotions, use EYES NOT BRAIN, brain will ruin you here.
Look at the Level 2. Don't Follow me blindly. Wait and Watch. Every Stock will not be runner. Trade Smart and Quick.
There will be only one opportunity to correct a wrong trade. Make small gain and move on.
Double Tops & Bottoms a specialty trading like a Dolphin off the wakes of the ships at sea , BASSAR & SARBAS the overbought & the oversold are always out there . Double tops & Double bottoms a specialty !
Was a very active, successful trader. Serious injury with no insurance drained my savings. Got married. My incredibly smart wife suggested that I stop talking to the TV on how to trade and to use my knowledge instead to help others. So, here I am.
With a rich experience of more than 19 years in US markets, Jay Somaney leads the team traders/technicians at stockuverse.com. You can follow his trading ideas & strategies with specific entry points & exit points in detail in chat room.