Silver Fox

“Employ your time in improving yourself by other men's writings, so that you shall gain easily what others have labored hard for.” -Socrates

How to increase the probability of success on your trades: All 3 of these arrows show a spot where $NVDA could have been bought for $500, but are all 3 of them equal? No. It’s not just about what price you buy. It’s also about what information is known at the time you buy. Two of these arrows represent terrible buys. They are extended and at risk for a pullback. They are low-probability bets. The third arrow is at the same price level, but look how much additional information is known. You can see the price action tightening and support developing which increases the probability of success on the trade. You never know what will happen next. All you can do is put the odds in your favor.

Some stocks can fake it for a little while during good times, but when fear strikes, conviction is proven in the stocks that can weather the storm. #trading #stocks @markminervini

“Think of trading like this: if you were a baseball player and you swung at pitches outside the strike zone or your "sweet spot..." you may catch one every now and then, but how good of a batting average would you expect to have? Lesson: don't force trades.” -@markminervini

Employ your time in improving yourself by other men's writings, so that you shall gain easily what others have labored hard for. -Socrates