Trader Mike

I got this question the other day:

When you short a stock at 30.00 and you want to place a stop limit in case it jumps up past your max loss of say, 31.00, how exactly is that order entered (everytime I try to do this, it sells (Ed: he means buys) my stock immediately - […]

In case you missed it in the links section the other day, be sure to read the interview with Michelle B over on the StockTickr blog.

Tags: Articles, Interviews

The other day Downtown Trader asked me how I handled trailing my stop on that DGX short. I pretty much followed exactly what’s in my post about how I take partial profits. I moved the stop to breakeven once my gain was equal to my initial risk of 50 cents per share. […]

The other day I got the following email about narrow range bars:

I was going through your site and others and I keep on hearing, no entry on narrow range bars. What is a narrow range bar, and could you send me a picture of one?

A narrow range bar (candle) is simply a bar which […]

Michelle B submits: I remember reading about a French housewife who when asked by her husband every morning what they would be having for dinner would always give the same tireless reply: “It depends on what jumps into my market basket.” Some traders prefer to trade from a prepared watchlist. For […]

There seems to be a lot of controversial over the concept of R-Multiples. I’ve been seeing people complain about them for months now and I’ve been meaning to write a post about “R”. I really wanted to do it last week but I’m glad I didn’t get to it because this week a […]

Here are my responses to the comments left on last week’s “position sizing considerations” post:
nonadamas wrote:
1. What about equipment, ISP failures, do you always write down your trades?
2. What kind of backup set-up do you have?
3. Brokerage problems, problems at their site or with their people making errors?
When I started active trading, […]

I want to share & expand upon the answer I gave to an email about position sizing the other day. Justin wrote:
[SNIP] After reading your article on 100 R i can now see that it would benefit me to daytrade and use 1 R per trade instead of my old 2 R per trade […]

It’s come to my attention that some newer Trade-Ideas users don’t know about Trade-Ideas Pro, the version that you download and run on your PC (Get a Free Trial):
Trade-Ideas Pro is a front end for Trade-Ideas data which is specifically designed for the power user who demands more than the web based font end can […]

I guess I need to keep the “how I trade” post at the top of the site and put in in flashing lights or something. I wrote that post to answer 95% of the email I recieve yet I still get the same questions over & over. I ‘d better hurry up and […]