This would be my last trading idea post for 2010. I hope my picks have serve you guys well this year and bank you guy some coins. More importantly, I hope my charts, my method have helped some of you new traders out there to develop your own style.
Trading is not about chasing/following the next hot trade on Twitter,Sub or CNBC. It is about developing your own style and be able to stick with it, which in turn become a consistent profitable trader. I wish everyone a Happy New Year and a prosperous 2011. Let's get Shitfaced tonight (Drink up).
Thursday, December 30, 2010
Tuesday, December 28, 2010
Sooooo... Yes, they are not that rare but I am not going to spend time to justify these rare earth companies's earnings vs their share prices. The truth is people are bidding them up right now, so do not fight it and always trade what you see not what you think. Right now all I can see now is $MCP hit $50 today, $AVL broke out to new highs... etc. Below are couple rare earth stocks that are setting up for a breakout/continuation day.