What is a ‘Day’s Pay’?

There is no other job as exhilarating, liberating, and rewarding as daytrading. Often times, people are interested in day trading for the wrong reasons. They have sky-high expectations before they even place their first trade. We can’t blame people for thinking like...

Trade of the Week for February 9, 2017

On Thursday, February 9th, we traded X (U.S. Steel), one of our favorite stocks that we trade and monitor daily in our trading room. The first thing we noticed was the flag pattern that developed on the daily chart (see chart). X broke out of the channel which made...

Trade of the Week for January 16, 2017

STOCK SYMBOL: GLBS Often times we use the past history of a stock in order to devise and refine our daily trading plan. A good example of this was on the morning of Friday, January 20th when we noticed a common trade setup on GLBS (Globus Maritime Limited). We can see...

Trade of the Week for January 6, 2017

As momentum daytraders there is nothing better than to witness and trade a stock that exploded over 1500% in the first six trading days of the New Year. EnteroMedics, or ETRM is a pharmaceutical stock that had issued a 1 for 70 reverse stock split on December 28th,...