At our June 10th meeting I promised to send a report [“The Ten Laws of Day Trading” a 8-page PDF file] written by Peter Rezicek of shadowtrader.net (one of the Think or Swim companies). I think there are some very important concepts in the report no matter what you are trading (stocks or options) or what your time horizon is (Day, Swing, or Invest). You can get that report by going to http://www.shadowtrader.net/. Once at the website, enter your e-mail address to get the report as well as Peter Rezicek’s short, weekly, video concerning the market for the coming week that will be sent to your e-mail address every Sunday night.

If you have a Think or Swim account, you can listen/watch Peter Rezicek’s daily commentary on the markets during every day’s market hours. Here is the “path” once logged on:

“Support/Chat” (upper left to the right of “Account Info” on the TOS home page)/”Chat Room” tab/Shadow Trader/left click “Watch’ and “Listen” in the lower right hand corner.

Talyor asked that I send the first three chapters of the following excellent book on options: "Options Trading 101, from Theory to Application" by Bill Johnson of optionsatoz.com http://www.optionsatoz.com/ . Book is $19.79 at Amazon.com. The first three FREE chapters can be downloaded at:

http://www.optionsuniversity.com/Options101/Book/3FreeChapters.pdf (copy and paste if necessary)

A "Base" Lesson

Check out this interesting (and short) discussion about "Base Stages" in one IBDS's "Daily Stock Analysis" presentations. There are three stocks discussed, and the third (NFLX) concerns the "Base" discussion of interest. If I read it right, base count for all charts starts with the FIRST base to emerge as the result of the recent Bear Market correction.