David
David Patrick has traded bond futures,spreads,equities and options for over 20 years. He graduated from The Ohio State University with a degree in Finance, in 1995. He started his business career as a Trust Tax Accountant for National City Bank. He became an Investment Advisor at Olde Discount Stockbrokers in 1998. Five years later he became a top trader for Elite Trading LLC. At this hedge fund, David led a team of traders specializing in bond future spreads to an impeccable track record. In 2008 he branched out on his own and became a very successful Independent Trader. On January 25th, 2013 he successfully launched Fitzstock Charts Premium Service. This elite trading service has helped traders around the world learn his proprietary trading methodology.
Why is the YHOO buy on a break of $23.71 and not $23.90, last week’s high? I’m just confused how you picked that entry point. Thanks as always for the hard work and valuable education.
Above Thursdays highs would re-confirm strength.
David,
What was your reason behind buying yhoo pre-engagement? Are there times when we can do this?
thanks
Ryan,
Much of my time is spent researching, analyzing, answering questions, posting ,debriefing and consulting. I knew I would be unable to enter YHOO later in the day, so I entered early with very defined risk(weekly 22.5/24 call spread at 1.07). I do not recommend front running the engaged entries. This was an exception for me.