Bob Byrne is a full-time private day trader with 15 years' experience. His trading relies on traditional technical analysis and volume profile. His primary focus is on stock-index futures and index exchange-traded funds. In addition to private coaching and mentoring, Bob is also the co-host of a daily trading chat room on His contributions to this or any other site are not to be construed as recommendations to buy or sell stock.Expand

Bob holds a business degree from St. Edward's University in Austin, Texas. He lives in Park City, Utah, with his wife, son and daughter.Collapse

And on taking a chance on coal stocks.
It all started so calmly, until prices started getting pulled down.
I remain a day timeframe trader in the energy sector for now.
FOMO -- fear of missing out -- is very much alive and well.
The declines over the past week are unsustainable.
The way things are, an up open is not a good thing.
There is a time to pay up for stock, but that time is not now.
Keep a clear head and make your shopping list.
Look for solid short-side plays, or go long on financials.
| Aug 24, 2015
| 8:10 AM EDT
For those actively trading, knowing your price limits on the futures.


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