Listed in The Top 10 Blogs by TraderInterviews.com &
The Top 10 Resolutions for 2009 By TradingMarkets.com.
I will not allow yesterday's success to lull me into today's complacency, for this is the greatest foundation of failure. -- Og Mandino

Archive for July 15th, 2010

Jul
15

Thursday Notes – It’s All About the PJO

Posted by: Don Miller | Comments Comments Off

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.

Categories : Tank Transcripts
Comments Comments Off