MERRY CHRISTMAS EVERYONE!!!

Hey traders! Hope the early morning Christmas festivities are going as planned. I actually couldn't find my cork screw so I thought of a creative way to open up a wine bottle. You need a screwdriver and a hammer. Position the screwdriver on top of the cork and repeatedly hit it with a hammer until the cork is inside the bottle (some splashing may follow). When you pour the wine, the cork floats to the top, leaving the wine to freely flow into your glass. Cool, huh?

Anyways, we have only one week left to make money in 2009 and I am determined to make it my last profitable week. If you know me, then you know I'm serious about it. I don't do "tax losses". That's bullshit. Just keep making money. Who cares about paying more taxes? Warren Buffett stated that he enjoyed paying more taxes because that meant that he was making more money. Therefore I say to you, keep banking that coin hard.

I hope that my services here have helped you guys tremendously and made you into better traders. Although I don't monetarily benefit from posting trades or giving out educational articles, I do get the benefit of knowing that I have helped hundreds and hundreds of people. I made money and you made money - nothing better than that.

2009 was a great year for me in terms of expanding on the internets. I was fortunate enough to make many friends, even if I may have not met you personally. We all have the same goal, therefore, we can get along. I got heavily involved in Stocktwits, running the "Charts Gone Wild" show on Tuesdays. I found it to be the best way to be personal and to connect with you, my readers. The show is only 1 hr long, but it takes me about 3 hrs to prepare for it. I have no problem spending my time for you guys.

I also had the pleasure of personally training my students who are with me each and every day, live. It's a great feeling when you have a great and qualified team whose members help each other out on a daily basis. I temporarily ceased my travels to spend more time with myself, family, friends, and a new girlfriend. However, I will start up the private coaching program again, starting in January. I look forward to helping you guys in the best way that I can.

I am appreciative of all the regular readers on my blog that contribute. You know who you are. I also love the fact that you have the balls to post your trades. You and I are in the minority. I post my trades not so that people can follow me, but for my own record keeping and reference. The blog is my trading journal. Here's an idea: if you want to become a better trader, post your trades. You are less likely to make stupid decisions, especially when the whole world is watching.

2009, so far, has been an epic year for me. It is my best year ever. It is also my 5th straight year of triple-digit gains. I hope that you guys also scored big, especially in the summer. I'd say that my trading in 2009 really took off starting in late March. If you've been with me during that time, then you know why. We absolutely crushed it.

I chose to be with iBankCoin because I believe that it will actually be the #1 destination for serious people that want to make money. This isn't some conventional site with the same bullshit that 99% of other sites have. We have unique contributors and exceptional content on this site. Of course, if you disagree, then I'd have to ban you forever (just kidding, sort of). Appreciate what the writers here are presenting because after all, they don't have to do anything. They are offering a public service and offering their knowledge and expertise. Don't take this for granted.

I am in the process of creating an epic post. It will highlight my greatest trades for the year and also my failures. It will be the ultimate "trade review" post. I know that I can learn from what I did right and wrong, and so can you. Look forward to it in a few days. If you have any trades in mind that are memorable, let me know.

I'd just like to say thanks to Fly for bringing me on board last year. I somehow found iBC and randomly starting posting in the Peanut Gallery. Then I got my tab and everything else is history. If you have trades or knowledge to share, I encourage you to post in the Peanut Gallery. Who knows, we might pick you up from there.

Finally, enjoy your Christmas with your family and friends. I have clients that are worth hundreds of millions, but have broken families. They do not celebrate Christmas, such a shame. Know what's most important to you and never compromise it. With that said, I wish everyone a safe and wonderful Merry Christmas!!!

TRADE REVIEW: ATHX

I banked some serious coin yesterday in ATHX, eventually amassing 12,000 shares before it hit $3.85. This is a particularly rare setup that I see once every few months or so. Here's how it works:

1) The stock gaps up HUGE, typically a 100% 1-day gainer.
2) Stock fades throughout the day and closes much lower than the open, but still way above the previous day's close.
3) The next day starts with a large gap up within the previous day's range and must always be followed by significant pre-market volume.
4) Buy when the current and previous day's highs are breached on heavy volume.
5) Enjoy the ride. Take what the stock gives you, but don't get greedy.


This stock was the day's example of pure emotional madness. Make sure you're on the right side and never, ever get caught up and trapped in the mania.

Many folks on twitter followed me in and made bank. Congrats to you:

A FEW THINGS

The SPX is still in the range, however the COMP is not. Also, note that the SPX range has an upside tilt.

The RUT is making a move to reach the highs on the daily.

I also stated on my 12/8 Stocktwits show that I was no longer bullish on gold and expected an "extended pullback. Well, here it is - Wait for it to carve out a base.

The USD$ is making a move to the 200-day MA.

I am incorporating some swing trading going into the end of the year, simply because it is easier to deal with as we head into an even more low volume holiday environment.

That's all from me now.