Simple Swing Trading: ORIT

Current Trend (W): Up Abv/Below Value Zone: Above Next Scheduled Report Date: 25 January 2016 52 Week High: $14.04 52 Week Low: $16.85 Current Relevant Resistance: $16.85 Current Relevant Support: $15.00 Recent Close: $16.43 Comment: ORIT is ready to make a push higher and looks for all the world like it would be a good […]

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Why It’s Important For Simple Traders To See The Forest AND The Trees

Have you ever made a selection before seeing all of the options? Ever chosen a seat in a movie before realizing there were far better seats in another part of the theatre? Ever taken a parking space without surveying the entire lot on a rainy day only to realize (after you park of course) that […]

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Here’s One of The Many Ways Talking About Your Trading Can Hurt You

Pershing Square is breaking a cardinal Simple Trading Principle.  The firm is (was?) short HLF.  It looked like a genius trade many weeks ago.  Since then the stock has done nothing but squeeze higher.  Under normal circumstances, anyone short could have long since headed for the sidelines and/or covered and re-initiated at a higher level.  […]

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Simple Trading Rule #5: Become A Loser

“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. Twenty-six times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” — Michael Jordan Losing gets a bad rap. If you’re like […]

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