Good Morning Traders Quotes

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If it were your Harry, mother, or your Willie, that were going to be torn from you by a brutal trader, tomorrow morning,—if you had seen the man, and heard that the papers were signed and delivered, and you had only from twelve o'clock till morning to make good your escape,—how fast could you walk?
Harriet Beecher Stowe (Uncle Tom's Cabin)
If it were your Harry, mother, or your Willie, that were going to be torn from you by a brutal trader, tomorrow morning,—if you had seen the man, and heard that the papers were signed and delivered, and you had only from twelve o'clock till morning to make good your escape,—how fast could you walk? How many miles could you make in those few brief hours, with the darling at your bosom,—the little sleepy head on your shoulder,—the small, soft arms trustingly holding on to your neck?
Harriet Beecher Stowe (Uncle Tom's Cabin)
To summarize my trading strategy for VWAP False Breakouts: Once I’ve made my watchlist for the day, I monitor the price action around VWAP at the Open and during the morning session for the Stocks in Play. A good Stock in Play shows respect toward VWAP. If the Stock in Play sells off below the VWAP but bounces back and breaks out above the VWAP, it means the buyers are gaining control and short sellers perhaps had to cover. However, if it loses the VWAP again in the Late-Morning (from 10:30 a.m. to 12 p.m.), it means that this time the buyers were mostly weak or exhausted. This provides a short opportunity with a stop loss above VWAP. The profit target can be the by then low of the day, or any other important technical level. I try to go short when a Stock in Play has lost the VWAP. Sometimes I go short before the price loses the VWAP, to get a good entry while it is ticking down toward VWAP in the anticipation of a VWAP loss. However, be very careful, for the job of a trader is identification and not anticipation. Take small size and add more shares on the way down if you have truly identified a good trading setup.
Andrew Aziz (Day Trading for a Living (Stock Market Trading and Investing))
To summarize the VWAP Reversal Strategy: After I build my watchlist in the morning, I closely monitor the shortlisted stocks in the first five minutes after the Open. I identify their opening range and their price action. The stocks will either move higher or below the VWAP. Depending on the price action, I may be able to take an Opening Range Breakout to the long or short side. I monitor the price when it moves away from the VWAP and look for a sign of weakness. If it is above the VWAP, failing to make a new high of the day may be a sign that the buyers are exhausted. If it is below the VWAP, failing to make a new low of the day or a new 5-minute low can be a sign that the sellers are gone, and the stock can be ready for a squeeze back to the VWAP. I take the trade only if I can get a good entry and a good risk/reward ratio. Remember, most of the time stocks move really fast without offering a good entry and a good risk/reward ratio. If I am short above the VWAP, I cover my short at the VWAP and bring my stop loss to break-even. If I am long below the VWAP, I sell part of my position at the VWAP, and keep the rest for a squeeze above the VWAP (or as some traders would call it, a VWAP Pop). Do ensure you bring your stop loss to break-even, because sometimes the stock can bounce back from the VWAP as well.
Andrew Aziz (Day Trading for a Living (Stock Market Trading and Investing))
To summarize my trading strategy for VWAP Moving Average Trend trading: When I am monitoring a Stock in Play and notice a trend is establishing around a moving average (usually 9 EMA) in the Late-Morning session, I consider VWAP Moving Average Trend trading. If the stock has already lost the VWAP (from a VWAP False Breakout), it most likely will stay below the VWAP. Similarly, if the stock squeezed above the VWAP in the Late-Morning session, it is most likely that it will stay above the VWAP, as it means the buyers are in control. Once I learn that either 9 or 20 EMA are acting as either a support or resistance, I buy the stock after confirmation of moving averages as a support, but only if I can clearly see it “held” the VWAP. Similarly, I go short below the moving averages if I have the confirmation that it has “lost” the VWAP in the Late-Morning session. I buy or sell short as close as possible to the moving average line (in order to have a small stop). My stop will usually be 5 to 10 cents below the moving average line or, if a candlestick, close below the moving average (for long positions). For short positions, a close above the moving average would stop me out. I ride the trend until the break of 9 or 20 EMA. Usually, 20 EMA is a stronger support or resistance, so it is better to wait for that. I usually do not use trailing stops and I constantly monitor the trend with my eyes, but I know that many traders also use trailing stops. If the stock is moving really high away from the moving average, offering me an equally really nice unrealized profit, I may take some profit, usually at the 1/4 or half-position. I do not always wait until the break of moving average for my exit. Traders will say: you can never go broke by taking good profits. If the price pulls back to the moving average, I may add again to my position and continue the VWAP Moving Average Trend trade. Remember, when you take profit, you should always bring your stop loss to break-even. Never go red on a stock that you already booked some profit on.
Andrew Aziz (Day Trading for a Living (Stock Market Trading and Investing))
Every day, the markets were driven less directly by human beings and more directly by machines. The machines were overseen by people, of course, but few of them knew how the machines worked. He knew that RBC’s machines—not the computers themselves, but the instructions to run them—were third-rate, but he had assumed it was because the company’s new electronic trading unit was bumbling and inept. As he interviewed people from the major banks on Wall Street, he came to realize that they had more in common with RBC than he had supposed. “I’d always been a trader,” he said. “And as a trader you’re kind of inside a bubble. You’re just watching your screens all day. Now I stepped back and for the first time started to watch other traders.” He had a good friend who traded stocks at a big-time hedge fund in Stamford, Connecticut, called SAC Capital. SAC Capital was famous (and soon to be infamous) for being one step ahead of the U.S. stock market. If anyone was going to know something about the market that Brad didn’t know, he figured, it would be them. One spring morning he took the train up to Stamford and spent the day watching his friend trade. Right away he saw that, even though his friend was using technology given to him by Goldman Sachs and Morgan Stanley and the other big firms, he was experiencing exactly the same problem as RBC: The market on his screens was no longer the market. His friend would hit a button to buy or sell a stock and the market would move away from him. “When I see this guy trading and he was getting screwed—I now see that it isn’t just me. My frustration is the market’s frustration. And I was like, Whoa, this is serious.” Brad’s problem wasn’t just Brad’s problem. What people saw when they looked at the U.S. stock market—the numbers on the screens of the professional traders, the ticker tape running across the bottom of the CNBC screen—was an illusion. “That’s when I realized the markets are rigged. And I knew it had to do with the technology. That the answer lay beneath the surface of the technology. I had absolutely no idea where. But that’s when the lightbulb went off that the only way I’m going to find out what’s going on is if I go beneath the surface.
Michael Lewis (Flash Boys: A Wall Street Revolt)
dawn. Slimy was already awake, bouncing around in his crib. I took him out and played with them a little bit and gave him a few pieces of bread to eat. After he ate them he said, “Beep. Boop. In-ston.” I snapped my head at him. “Did you just say Winston? Winston?” Slimy giggled. “In-ston. In-ston.” I picked up Slimy and gave him a big hug. “You are learning to talk! Good for you.” Slimy laughed and then his eyelids became heavy and he fell asleep in my arms. I never knew how much slimes slept or how quickly they could fall asleep. I put Slimy back in his crib and then went downstairs to eat breakfast in the dining area. When I arrived at the dining area, I looked around for Wolf, but he was nowhere to be seen. I  sat down at a table by myself. When the waiter came over, I asked, “Have you seen any other wandering traders in here this morning?” The waiter, who looked incredibly bored, shook his head. “No. In fact, you are only the fourth person to come in this morning. It is still pretty early.
Dr. Block (The Ballad of Winston the Wandering Trader, Book 2 (The Ballad of Winston #2))
Hello diary Bart here. I bought this diary at a village auction. The price was 8 emeralds and I bought it. I am just a lonely wandering trader travelling the overworld by myself. I am always running away from mobs, but I want to attack them and kill them. Anyways I am in this small mountain biome village and I found an inn. It was only bright morning, so I decided to find a blacksmith to trade an iron sword for. I was walking around the village and I finally found a blacksmith setting up a stall in case a player came by so he could sell his goods.
Human Vlogger (Diary of Bart the Wandering Trader Book 1 The Order of the Void)
You listen to the street traders any morning. They don’t shout, ‘Nearly-fresh oranges, only slightly squashy, reasonable value,’ do they? No, they shout, ‘Git chore orinjes, they’re luvverly.’ Good business sense.” He
Terry Pratchett (Moving Pictures (Discworld, #10))