2007 Sep 12 - Wed
Trading Site of the Day -- Teresa Lo: Power Swings
Teresa Lo is a retired securities analyst who has a site called
PowerSwings. Here analytical skills
and powers of commentary show through. Two pages of interest, one on
Volatility and one on
Intraday Trading Strategies are recent articles with some good meat.
For intraday trading, she boils it down to:
- Use small discretionary setups to scalp the first half-hour, especially when the
market is really emotional. I particularly like small flags and gap plays documented in The
Ultimate Trading Course.
- Avoid getting killed after the first hour, when the market usually settles down and
starts to chop. Stay out.
- Get on board the train if it leaves the station in the afternoon for a trend day into
the close.
Once I get into the swing of things, I'm hoping I can break her rule #2, which is where I
think with contrarian Limit orders, one can make money in that sort of market condition.
She also promotes here Ultimate Trading Course. I don't know if it is a good thing or a
bad thing, perhaps someone could let me know.
Her site links to a number of high quality blogs.
WSJ Real Time Economics for one.
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