Mike Goodman
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Mike Goodman replied to the discussion 4-16-25 / Game Plan in the forum Game Plan Meeting 8 months ago
Hi Pete! You asked what I meant by “PS” which I used in my last question. It meant “per share”.
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Mike Goodman replied to the discussion 4-15-25 / Game Plan in the forum Game Plan Meeting 9 months ago
Good morning Pete! Several weeks ago, I began a trade to buy a total of 750 shares in three steps, of IAU (iShares Gold Trust ETF)
STEP ONE I bought 40 shares @ $49.36. My initial trailing stop was 8%. As of 4/14/25, the stock price was $60.59, which = a gain of $11.23 ps, which = 22% profit. Since ATR is only $0.937099, I narrowed…
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Mike Goodman replied to the discussion 4-14-25 in the forum Stocks Coaching 9 months ago
Hi Pete! Hope you had a good day.
Question: In a normal market, as opposed to the
one we have now, assume we’re making well-planned & well-executed “good
swing trades” with a proper risk/reward ratio of 1:3 etc.I think you said it’s
reasonable to expect (although of course not guaranteed) about 40% of those trades
will “win”, over a large… -
Mike Goodman and
Diane Morrow are now connected 9 months ago -
Mike Goodman replied to the discussion 4-11-25 / Game Plan in the forum Game Plan Meeting 9 months ago
Aloha Pete; Haven’t been able to attend Game Plans live for a while because of the 6 HR time difference & having to work days, but been watching replays etc & learning a lot. Until today, hadn’t found anything I had conviction about swing trading, so was using the market drops to look for value buys. Today, I found that UNH (United Health…
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Mike Goodman replied to the discussion Building Watchlists, Risk VS. Buying Power & Trader Mindset / 3-24-25 in the forum Stocks Coaching 9 months ago
Building Watchlists, Risk VS. Buying Power & Trader Mindset / 3-24-25
Good afternoon Pete!
LACKING CONFIDENCE IN WHAT I THINK I SEE. UNM – (UNUM GROUP)
SECTOR & INDUSTRY (FINANCIAL SERVICE – INSURANCE) GOOD IN THIS MARKET.
HARMONY BETWEEN MO. WEEK & DAY.. TODAY WAS SIDEWAYS WITH MELTED CANDLES SHOWING INDECISION WITH VOLUME MUCH GREATER THAN THE AVERAGE. LAST HOUR GREEN ENERGY, BUT MUST WAIT FOR FOLLOW-THOUGH.
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Mike Goodman replied to the discussion 3-21-25 / Game Plan in the forum Game Plan Meeting 9 months ago
Good Morning Pete!
Thinking of buying AAPL (Apple), depending on what happens to the order flow over the next couple of days. Right now, the order flow sucks, but for the following reasons, I think it might be in a “pause before a push”. Please let me know if you think I’m correct.
ALTHOUGH SECTOR OUT OF FAVOR, & NEGATIVE NEWS ABOUT…
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Mike Goodman replied to the discussion Patience For Entries, Price Action & The Power Pyramid / 3-17-25 in the forum Stocks Coaching 9 months ago
Patience For Entries, Price Action & The Power Pyramid / 3-17-25
Hi Pete. Posted this before I heard what you said about all-time highs, conviction & not overthinking in the GP meeting this am. I’m new to technical trading, & not sure where the dividing line is between thinking & overthinking.
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Mike Goodman replied to the discussion Patience For Entries, Price Action & The Power Pyramid / 3-17-25 in the forum Stocks Coaching 10 months ago
Patience For Entries, Price Action & The Power Pyramid / 3-17-25
Good afternoon! I’m having a hard time (which I’m sure applies to most people in this market) finding stocks that are not trading near all-time highs or upper-resistance AND have good order flow. Instead, I’m finding stocks that have either one or the other. The solution I came up with (hopefully you have a better idea), is to look for stocks…
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Mike Goodman replied to the discussion 3-17-25 / Game Plan in the forum Game Plan Meeting 10 months ago
Good morning Pete & happy Monday! I haven’t posted nor was I trading for a few days because my day-job workload was particularly heavy, not because I didn’t need your advice! I’m thinking of buying PGR (Progressive Insurance). ‘
Order flow looks good, but it’s trading near all-time highs.
‘On the other hand, this stock has a history of…
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