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Showing posts from May, 2015

Trade Recap - CMCM

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This is my first trade recap in a while so I thought I'd make it special. I'm going to highlight one of my favorite trade setups for the 2pm - 4pm part of the trading day and highlight another one of my favorites in the next trade recap. Without further ado, let's talk about CMCM. CMCM hit my scan mid-May 2015 because it had gone up from about $16.50 in March to $35 in May, which is a very impressive run. On May 20th, I pulled up the intraday chart around 2pm and noticed CMCM had been in a trading range all day, which meant the stock was starting to flag. Around 2:30pm, CMCM tested and failed at the high of day (HOD) and then immediately failed its uptrend line with a strong bear breakout bar. I should've shorted after the HOD failure because CMCM was in a trading range, but I just wanted more information. I entered short (smaller red arrow in the next picture) at the close of the strong bear breakout bar under the uptrend line. My risk was to the high of the br

The Laws of Trading

Disclaimer Trading is one of the hardest endeavors/professions on the planet. Navy SEAL BUDS selection graduates a higher percentage of trainees than the percentage of successful traders . So if you aspire to become a successful trader and want to smoothen your learning curve now, review these Laws of Trading. Let me know your thoughts in the comments below. A successful trader needs a growth mindset (my skills can always be improved) instead of a fixed mindset (my skills cannot be improved because of excuse X, Y, and/or Z). Watch this video by Stanford University professor Carol Dweck, Ph.D., on the power of a growth mindset. Or check out this shorter and just as great video by Bite Size Psych about the growth mindset and how it's absolutely vital to success in any endeavor. Discover your vision of the future. What do you want your ideal future to look, feel and sound like? A clear vision helps identify the right goals to navigate you to your personal idea of success. Bu

About Me

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Hello there, my name is Jory and I'm a day trader, former stockbroker, and award-winning intelligence analyst/combat veteran. My posts are not advice nor recommendations to buy or sell any security. They are intended to show how I view the markets and how I trade them and I hope you can benefit from that knowledge. Please consult with a licensed financial professional to go over any decisions to buy or sell securities because they involve risk and you could lose everything on even a single investment, as I did and discuss below. I've been investing since 2007. I correctly foresaw The Great Recession of 2008 and decided to focus my first investment on a company that would not only survive the 2008 market crash but also thrive.  I narrowed my investment choices down to Netlfix (around $17 at the time) and Blockbuster (around $5). I made the expert decision to go with the cheapest stock because, well, it was the cheapest, which was Blockbuster. I subsequently went on to lose 98%

Furu to Guru Breaking News!

What's up guys and gals? I know I haven't posted in a long time and I apologize for that. I had to stop trading to focus on personal things. But good news! I've finally found time to get some day trading in, and that means blog updates are coming back and they'll cover topics that aspiring traders will especially appreciate. After doing an analysis of my blog statistics, these are my most visited pages on Furu to Guru: 1. Resources Mega List 2. The Best Traders to Follow on Twitter 3. Why Trading is the Best Therapy 4. My Trading Rules So based on these results, I'm going to focus my attention on delivering more powerful and useful resources, trading psychology research, and trading rules. Also, to give you guys an idea of how useful my posts are going to be, here is a little taste of what's to come. The following are my Laws of Trading based on extensive research that I've conducted in cognitive science, human behavior and motivation, and in intervi