Things picked up a bit this week compared to last week but still a bit on the slower side. Trading just to have a trade on is a really bad habit to have especially right now. Wait for your best setups even if it means a lot of sitting on your hands. You will fare much better.
If you are new to the website, here is a walk through showing how the IU community works. http://investorsunderground.com/s/PXvWe/
Knowing to stay cautious over $2 and getting some confidence below $1.85 gave a pretty clear plan for the trade.
NRBO Round Trip
It was a test of patience waiting for this to put in the backside and get an area on the chart to base your risk.
Nate posted his plan for this on the scan for Wednesdays trading.
ARRY Short Report
Everybody is always on the look out for news that could help other traders. This member shared that a short report had been posted. It took a little time to catch but ended up with a great trade.
Friday Morning Broadcast
Nate does this live broadcast each morning and it is a great way to start building your trade plans.
Have a great weekend.