Viewer Mail...end of November

"could you elaborate on how you take a trade on both the 15 and 30-minute chart in the same stock on the same day?"

X - I have two charts on my screen - a 15 and a 30-minute chart. I do not care if I already have a position on one timeframe...if there is a valid set-up on another timeframe, I treat it as a new position with it's own entry, stop, and target (which may or may not be the same as the other position).


"you take a lot of trades in the morning, but not so many in the afternoon. Why?"

X - most of my trades occur in the morning because - over my years of trading - I have found those set-ups to be the most reliable in terms of consistency and follow-through. I do sometimes take set-ups in the afternoon, but the ratio of morning to afternoon trades is easily 3 to 1...maybe more. Bottom-line - I make money more consistently in the morning!


"Why don't you make more posts intra-day? I would love to see what you are watching ahead of time!!!"

X - I trade for a living, I don't post on a Blog for a living!!! And, I am not running a chat-room or paid service. The purpose of the Blog is a creative outlet for me, and hopefully to show the readers some things that could help them with their trading (in other words, to give something back!).


"is there a holy grail?"

X - yes, I have found it over 1,000 times*.


*if you don't see the irony in this answer, read it again.