The secret to trading success: You. You are the weakest part of your system. It is a defeatist statement. It makes your expectation to fail easier to accomplish and more importantly it makes failure easier to handle. It shifts the pressure away from you and unto fate. Would you fly on an airline if their… Continue Reading
Monthly Archives: July 2010
Scaling
Disclaimer: This is not advice, this is my experience. Definition. I define scaling as entry and exits at multiple prices. For example if I want to be long the ES_F I will work bids at 1000.50 (2), 1000.25 (4), 1000.00 (4) stop at 999.00 (10) and offers at 1001.25 (2), 1001.50 (2), depends on volatility… Continue Reading
Break your rules, find a new profession.
It seems like there has been a steady stream of information and opinion flowing on breaking rules. Originally I had planned to talk about the pros and cons of breaking rules. I realized that would be a disservice. There are many views that I hold that are based on my experience. I think of myself… Continue Reading
A funeral for trading cliches.
Many financial writers and commentators feel the need to dumb down their analysis. Dumbing down leads to wide spread adoption at the cost of effectiveness. Just because you shorted the market at 8:40 yesterday does not mean it smart to short it every day at 8:40, right. The market changes so should the catch phrases,… Continue Reading
What does this mean for $aapl $c $att?
The information below is not intended to make a judgment of $aapl $c $att. Do your own research and make your own decisions. I do not trade stocks. The following was based on my experience and is not necessarily indicative of others. Like many people I tried to purchase the IPhone 4 on the day… Continue Reading
Mid-Summer Predictions
I was only going to do seasonal predictions but new information has become available. Keep your friends close and your enemies closer, right? These are the people who I actually like in the trading community. Sorry if I left anyone out but they might not be. In unprecedented event @howardlindzon will admit he was wrong,… Continue Reading
Inaccurate assumptions. Fin Reg revisited.
This website is not about politics. I don’t know enough and it is does not interest me. There are so many other website that do it much better. I am making an exception, I make this exception not because I want to, but because I have to. I wrote that I supported financial regulation. It… Continue Reading
Ambiguity Guy
Welcome back for another installment of financial world guy. Where we poke fun of the types of people in the financial world and give tips to prevent you from becoming “that guy”. Ambiguity Guy Identifying comment/behavior: This is the commentator who talks to hear he/she talk adding nothing to the conversation. Grow some balls. We… Continue Reading
Reliability and Obscurity of Information
Reliability and Obscurity of Information I have been very actively observing other markets and seeing people’s trade ideas through twitter and stocktwits. My observation is that the market is made up of way more points of view. I am not sure how many are out there, but I feel outnumbered in my approach. It could… Continue Reading
Good, Funny, Other
Good Some tips for newbie traders who REALLY want to learn. $STUDY (VIDEO) via @ppearlman Great start for new traders well worth the time it takes to watch the video. Also stocktwits.com now has $study hashtag so you can ask questions there. Weekend Open Thread: How SHOULD a “Sophisticated Investor” Be Defined? Via stonestreet.com This… Continue Reading
The services and materials provided should not to be interpreted as investment advice, an endorsement of any security, commodity, future, or personal investment advice, or an offer to buy, sell, hold or trade futures, options or commodity interests or a recommendation to buy, sell, hold or trade futures, options or commodity interests. You assume the entire cost and risk of investing and are solely responsible for any and all gains and losses, financial, emotional, or otherwise, experienced, suffered, or incurred by you.
