Rule #1 - 2 stocks overnight MAX (3rd only if next day PM sell)
Rule #2 - 1 biotech LT, scalp rest
Rule #3 - 0 losses, DD never fails you.
All other trades are intra-day scalps only. Sup/Res, volume, news, momo..profit from it w/ ZERO emotions.
Follow me if you want to make money I'm usually pretty good with this kind of thing.
I've got a blog I'm just starting on will some helpful tips and tricks, check it out!
I'm a 28 year industry veteran who started on Wall Street in 1987. I've worked as a Stockbroker, Syndicate Manager, Investment Banker, Financial Analyst, Market Strategist, Published Author, RIA and Hedge Fund Manager.
Trade mostly bio, especially catalysts in fundamentally sound cos. DD the pants off a co. before I decide to invest (or not). Love small-micro cap bios, especially those developing new standards of care (or CURES!) for oncological nightmares.
Stock Writer, Investor, Trader, Talk Show Host, and Musician. (Drums, Keys) Please read my stock DISCLAIMER @ http://stockmatusow.com/disclaimer/
www.scottmatusow.com/radio for live trading chat via type and audio
Markets represent the emergence of invisible fields of influence based on projected value into the observable world. The observable patterns are the creation of that which is neither observable, nor linear, nor measurable -- consciousness itself.
Stock trading is nothing but Supply & Demand. Fundamentals drive technicals but technicals trump fundamentals ... Trade half my account full time, swings and day trades. The other half is in ELTP for a looooong time
I like guns, cigarettes, sketchy bio startups, and companies seemingly down for the count. Care to donate to my cause? I'll sell $RNN when it hits $65. Count it. DISCLAIMER: I am exagerating the RNN price target by a factor of 10.