The StockTwits® Edge: 40 Actionable Trade Set-Ups from Real Market Pros

CHAPTER 24

Force Confirmations, Not Trades

Nick Fenton, @nickfenton

Nick is an extremely talented young trader who was schooled by my good friends Andy and Landon Swan. They taught him well, as Nick strikes one after another profitable trade on the StockTwits stream in real time. He is probably the best trader among all rappers and the best rapper among all traders.

Shoot for the moon. Even if you miss, you'll land among the stars.

—Les Brown

BACKGROUND

My name is Nick Fenton or Fentoni for short. I am 30 years young, and an avid trader of equities, options, and futures. When I'm not trading or reading about financial markets, I am doing one or more of the following: drinking the finest bourbon Kentucky has to offer, creating music (my rap group is called Backroad—we are working on our third album), listening to music (Pink Floyd is my all-time favorite), fine-tuning my golf skills, or hunting for my next pair of limited-edition sneakers.

My interest in financial markets was sparked when I won the Kentucky State Stock Market Challenge in seventh grade. The prize was $100, a T-shirt (still have it), and an appearance on the local news. Winning the competition was awesome, but that was nothing compared to the doors that opened as a result of participating. From that point, I began reading about long- and short-term trading strategies. I started paper trading based on quotes in the local newspaper's business section. As a high school graduation gift, my father gave me $6,000 to ...