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ATM WallstreetTroy makes his living out of the markets daily, specializes in Equities. Mr. Peterson's trading approach uses chart patterns found on an intraday basis. Troy trades privately somewhere on the west coast. |
Profiting From Others Pain
Posted on 07/08/2008 23:51:00 | Link | Post Comment
Why I traded the stock ME today. I had it on my list from my nightly scans. It was just recently in a daily uptrend and has come off the top rather quickly. Four days down including today with a gap down at the open. I added ME to my hot list as soon I noticed it was gapping down at the open. I waited till the last fund manager and investor cried "UNCLE" then I took the other side of the trade.
See my comments on how I took the trade at http://www.atmwallstreet.blogspot.com
Troy Peterson
Active Trader Magazine Interview for August 2008 http://www.activetradermag.com/index.php/c/The_Face_of_Trading/d/I will be featured in Active Trader in the Face of Trading section for August 2008.
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