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  • StockTwits News Desk FOMC Announcement Special
    Posted by Leigh Drogen on November 3rd, 2010 at 2:37 pm, Comments: 0

  • Hold On Tight
    Posted by Leigh Drogen on November 3rd, 2010 at 7:53 am, Comments: 0

    Today will be interesting, but I don’t think I would use the word fun to describe it.  As I said over the weekend, your goal should be to not blow up and give back hard fought gains from the past few months.  Playing defense is what separates those of us who can make gains on [...]

  • Chart.ly TV 11/01/10
    Posted by Leigh Drogen on November 2nd, 2010 at 7:28 am, Comments: 0

    I sat down last night with Frank @zortrades and Jason @wwwstockrake to discuss how they are positioned going into Wednesday’s festivities.  I think across the board we all agreed on two things, it’s best to lighten up into the announcement, and the fact that the market is losing momentum.  As well, we’re all seeing that [...]

  • The Hedge Fund Structure Is Dead
    Posted by Leigh Drogen on November 1st, 2010 at 1:27 pm, Comments: 0

    This post is for those of you out there looking to start your own firms and manage money for others.  The hedge fund structure is still necessary for those who trade complex strategies using derivatives or illiquid assets.  But for most of us, the stock, forex, and futures traders out there who go long and [...]

  • Momentum Book Update: Into The Wild
    Posted by Leigh Drogen on October 31st, 2010 at 10:44 pm, Comments: 0

    Oh it’s going to be a wild week.  Josh Brown walks us through all of the festivities on tap Monday through Friday here.  My two cents, get smaller and know exactly what you are willing to risk.  That means taking a hard look at stops on your current positions and doing all the math, ALL [...]

  • This Is What A Blow Off Top Looks Like
    Posted by Leigh Drogen on October 28th, 2010 at 7:20 am, Comments: 0

    Update: @TheArmoTrader (a great momentum trader to follow on StockTwits) was generous enough with his time this weekend to do me a huge favor.  He used the playback feature in Think Or Swim to replay the move in $GGAL.  Below you will find a few videos that show exactly what happened to the stock Wednesday [...]

  • Plant, Harvest, Rotate
    Posted by Leigh Drogen on October 26th, 2010 at 10:31 am, Comments: 0

    So after taking a mental break from the market this weekend and just trying not to be too smart, here’s how I’m playing it.  A few of my holdings which had great runs over the past few months have dipped below their 20 day moving averages and I have sold out of them.  Early last [...]

  • Chart.ly TV 10/25/10
    Posted by Leigh Drogen on October 26th, 2010 at 7:02 am, Comments: 0

    Last night on Chart.ly TV I sad down with Steven Place @stevenplace, John Lee @weeklyta and Frank @zortrades to discuss how they are positioned in this upchurning market.  It’s been a tough slog of it the past few weeks as many swing traders have been reticent to enter new positions with the market having run [...]

  • Momentum Book Update: Try Not To Be Too Smart
    Posted by Leigh Drogen on October 23rd, 2010 at 6:18 pm, Comments: 0

    It was a volatile week for me, and to honest a bit taxing mentally.  We came into the week with a large amount of long exposure and a full book of positions.  Where as over the past few weeks those positions had been running strong on flat to slightly down days, it was a different [...]

  • Still Not Enough Good Setups
    Posted by Leigh Drogen on October 22nd, 2010 at 11:12 am, Comments: 0

    The market is doing what it loves to do, move higher without traders.  Earlier this week I pointed out that good risk/reward setups had pretty much disappeared from the market, which usually means that within a few days we are set for a pullback of some sort.  Stocks don’t go straight up forever, they need to [...]