RIMM

The aggressive trigger on (RIMM) was hit today.  The more conservative trigger, the regression trend channel, is yet to hit as I write at 12:00 PM PST. 

We teach more aggressive triggering at our live trading seminars.  Our next one is in La Jolla in September.  Reading what people write about trading is one thing.  Watching people trade live and being able to talk to them about how they are viewing things gives you far better insight.  If I want to learn how to fish, do I read books and blogs about fishing?  Yes.  How would I best learn how to fish?  By having  A professional take me fishing and trying to understand how he approaches fishing from a process standpoint.

I am off to the beach so won't be posting for a few days. 

Comments

[Anthony]

With RIMM now that we have got a blue XTL & price is trading above the .618 level retracement level(using the jun high to jul low) is the prev short trade idea negated ?

[Joel Stahl]

Please see this link for full answer.
http://esl.typepad.com/tradingtechniques/2008/08/rimm-1.html

[Anthony]

Nice entry Joel. I have learnt so much from reading this trading blog pls keep posting.