In this Live Trading Example, Madaz shows you how makes $2,500 in about 90 minutes of trading after recognizing the correct short bias on the stock, SPI.
He correctly reads the hidden seller at 3.70 leading to the first dump and correctly calls the top on the next big short trade against 3.7 one more time.
For the final big short trade he sizes in smaller expecting a lot more nonsensical, erratic behavior from the stock as the volume diminishes but then is able to once again correctly add at the top around 3.7 for a third time, nailing the wash out for a nice gain capping off a solid morning of day trading!
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Tired of never having shares to short? Does your broker just plain suck?Madaz recommends Centerpoint Securities as the preferred broker.
Tired of getting late alerts and getting dumped on by your guru?Madaz recommends Trade-Ideas as the preferred stock scanner.
Are you often missing big moves because it takes you forever to find out the catalyst?Madaz recommends Benzinga Pro as the preferred Live News Feed service.
Affiliate Disclosure: I know what you're thinking. Madaz, ya sneaky bastard, trying to sneak in some affiliate links. Any compensation I may receive from this will pay for big macs on days where the market isn't feeling so charitable. For a more complete version of this mumbo jumbo, please click here.