InTheMoneyStocks'  Instablog

Send Message
  • Forget The Bernank, Day Traders Follow The Technicals 0 comments
    Jun 19, 2013 10:42 AM | about stocks: STX

    As you all know, every trader and investor in the world is waiting for the Ben Bernanke press conference this afternoon. Will Mr. Bernanke hint that a cut in quantitative easing is underway? The answer is who cares what he says. As traders we simply want to react to the price action. If the markets sell off then we want to find a level that looks attractive to buy stocks. On the flip side, if the market rallies then we want to find a level where there will be major resistance and sell it. Traders should not be bullish or bearish, you simply just want to be on the correct side of the tape. If you are wrong then you want to be wrong small, that is why you must have a stop loss.

    Nicholas Santiago

    (click to enlarge)

    Stocks: STX
Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • And he just closed out another one, $DUST for +7.55% in the Research Center...
    Jul 20, 2016
  • Gareth sold his $JDST in the Research Center here: Profit earned = +12.5%. Congrats members!
    Jul 20, 2016
  • $IWM negative already on the day. Small cap warning signal?
    Jul 20, 2016
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.