“Protecting capital is more important to me than being right”

July 11, 2016
By

A few wise words from Peter Brandt…

“The need to protect my pile of chips is stronger than my need to engage every trade I see…I am willing to try a significant pattern twice but then go shopping elsewhere. That is really what my trading is all about…..
take a shot at a pattern that makes sense, wash out the losers quickly and hang onto at least a portion of the winners for as long as feasible.It is a pretty simple formula requiring patience and a ton of discipline”

 

$IWM-Russell 2000: Charts in Focus

July 11, 2016
By
The technical foundation for a big breakout has been
built through this inverted head and shoulders formation.
Watch for a sustained break above the right shoulder swing high.
(Kirk Report, Charles Kirk):
CIF

SP500 Years most similar to 2016

July 8, 2016
By

from Bespoke:

bspoke

$ESLT Elbit Systems

July 8, 2016
By

This defense drone maker has just formed an weekly cycle low at the bottom of the channel.In situations like this, you buy every dip in the channel and remain long until there is a sign of exhaustion and reversal.

eslt

Stock Futures Spike on Non Farm Payrolls

July 8, 2016
By

NFP: 287k v 175k

nfm

Tutorial: Inside day/R1 setup $IBB

July 7, 2016
By

Textbook inside day setup with bull flag entry at R1. Bread and Butter day trade. Note R1 exactly at inside day high.

ibb2

 

$NVRO

July 6, 2016
By

After successful backtest, $NVRO looks ready to resume uptrend. Targets 84, 93:

nvro

James Clear: The 3 Stages of Failure

July 6, 2016
By

The 3 Stages of Failure in Life and Work (And How to Fix Them)

$LGND

July 6, 2016
By

Beautiful long term chart, great relative strength vs $IBB (Biotech ETF):

lgnd

$AAPL

July 6, 2016
By

$AAPL basing on weekly 200ma, possible higher low now in. Good R/R for Int. Term position.

aapl

Quick Reference Videos

Click on links below for an Introduction to Dan's Mentoring Group and a Recent Advance Class Meeting -

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btm021213b

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