Despite the Dow and Nasdaq indices giving short signals a couple of days ago, I did not follow them and start switching my bias to the short side. Why? Because my existing long positions were holding up (refer to this post for more), combined with the uncertainty over the US and its 'Fiscal Cliff'. As a result, 2013 has started for me in positive fashion.
Showing posts with label Lexicon Pharmaceuticals. Show all posts
Showing posts with label Lexicon Pharmaceuticals. Show all posts
Wednesday, January 02, 2013
Thursday, July 05, 2012
Lexicon Pharmaceuticals
Here we have another lovely profitable trend, this time to the upside. I guess from the name they are a pharmaceutical company but other than that I know nothing about them. The price action on the chart tells me everything I need to know, and want to know.
Richard Dennis, the legendary trader stated in his Market Wizards interview that "I could trade (an instrument) without knowing the name of the market". As far-fatched as that seems to those who spend hours pouring over earnings reports and calculating various ratios, that's exactly what I do when trading stocks.
Richard Dennis, the legendary trader stated in his Market Wizards interview that "I could trade (an instrument) without knowing the name of the market". As far-fatched as that seems to those who spend hours pouring over earnings reports and calculating various ratios, that's exactly what I do when trading stocks.
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