Trading Tips

Various tips and ideas for regarding trading and investing such as placing orders, using stops, etc… These tips are included within the content of the posts listed below.

Oct 092015

Q: Hi Randy,First , i do appreciate the LL call.It has gone up so much, at what point do you take some profits? ( i already took some --too early), but what do professionals do about taking some off and when there is a pullback buy again?

A: Although I might often take partial or even full profits at some of the earlier targets, I made the decision to hold out for T3 on all my shares with the LL trade. One idea: In lieu of booking partial or full profits, say at T2 today, would be to set a trailing stop at that point (e.g.- a 2 or 3% trailing stop would be considered a tight trailing stop, based on the scope of today's move in LL). As a matter of fact, I’m going to post some additional ideas on how to trade/set stops on LL on the site now, along with a chart. (those notes, with suggested stop levels, are in the 1-minute chart below).

To add to that, a pullback to the 19.20 support level highlighted on that chart might provide an objective level to add-on to a position with an even more objective level at the bottom or top of the gap R1 zone shown on the daily charts from the previous trade setup & update posts.

LL 1 minute Oct 9th

LL 1 minute Oct 9th


On an administrative note, I will be leaving town shortly, returning Sunday evening, with limited access to email. As such, I will response to any questions after I return on Sunday evening or Monday morning. Congrats to those who caught LL and as always, use stops & take profits according to your own unique trading style & comfort level.

Have a great weekend!


Oct 092015

I was just asked the following questions & figured that my response was worth sharing: Q: What’s your opinion on trading VIX? I’m looking at TVIX, which is 2x VIX, currently pretty low at $8.30s. I was wondering if it follows the same charting principles and indicators [continue reading…]

 October 9, 2015 10:54 am  Equity Market Analysis, Trading Tips Tagged with: , , ,
Aug 262015 has a pretty slick app available for phones & tablets. I find it particularly useful to quickly glance stock, currency & commodity futures in the evening after I’ve shut down the PC or in the morning before I boot up (or when out of [continue reading…]

 August 26, 2015 9:41 am  Trading Tips