Archive for July 15th, 2010
Thursday Notes – It’s All About the PJO
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The PJO (Prime Jellie Opportunity).
Corny? You bet. But I’ll take corny profits for a hundred Alex as this morning reinforced the notion that it’s all about stalking those trades when everything lines up.
In the Tank, we use “bullets” (*****) or the term PJO as shorthand. For as any bona fide trader knows, it’s NOT just about the setup. It’s how hard you push you chips on any given sequence.
btw, note my response to a post in the Networking Forum re: trading later in the day.
And that’s the part of trading few ever want to address, primarily because they’re chartists instead of traders.
For it’s “safe” not discussing sizes. After all, they don’t all work out.
Yet it’s also “safe” never getting out of bed in the morning.








