When you look at risks will play a significant role in how you feel when it is realized. People, to their dismay, do not realize that the value of a stock, bond, future, EFT, option, fund, etc can change. Well at least loses value. Much of the battle between Wall Street and Main Street is… Continue Reading
Monthly Archives: August 2010
Trading, Gambling, Praying
You should not trade if you initiate a trade after your limit down. You are gambling and not trading. I will not accept you as a client, you will fail. I am a huge fan of stocktwits.com but I get frustrated reading the streams from time to time. Some guy tried to tell me that… Continue Reading
The top and the bottom is the same as the middle.
The top and bottom of the range is the middle. As far as risk profile goes, they are the same. They all attract the same interest. In the middle no one is aggressive. At least those who cannot afford the additional risk. Stay out of the middle. That phrase rings through my head. I can… Continue Reading
The top, bottom, and middle are the same.
The top and bottom of the range is the middle. As far as risk profile goes, they are the same. They all attract the same interest. In the middle no one is aggressive. At least those who cannot afford the additional risk. Stay out of the middle. That phrase rings through my head. I can… Continue Reading
The first failed post about September.
I love ibankcoin.com. Specifically @The_Real_Fly. I admit every time a tweet shows up I get giddy. I cannot even explain it. The guy is a brilliant writer and knows what he is talking about. He says “some” of the things I am thinking. You may have to do some digging but it is a gold… Continue Reading
What is broken?
I was having a conversation with another trader the other day. I asked how it was going. Crappy was his response, I do not think his sentiment was much different than other traders right now. When I am struggling I ask myself what is broken? The system, the market, or myself? The system This is… Continue Reading
Make simulating trading useful.
Simulating (sim) trading is helpful; it is helpful to improve the often neglected skill of execution. It can serve as a way to re-enforce good habits, the problem is that it also re-enforces bad habits. In the beginning it is hard to realize the difference. You are focusing on the wrong thing. Generally the results… Continue Reading
The idiosyncrasies of the people at the exchange.
I am not sure how it is in other work environments because I never had a conventional job. The private offices at an exchange are like a man cave. Video games, big screen TV’s and liquor, among other things. The woman’s bathroom requires a key. The men’s bathroom is not bearable unless it is early… Continue Reading
5 "Common" Rules of Great Traders.
I am trying to read more and more posts, article, books about trading. I am not naïve enough to think I cannot get better and I am also not naïve enough to believe all the bullshit that is out there. I know from my less than diverse formative years that there is a lot more… Continue Reading
Does every trader want a bubble?
If you asked me in early 2009 I would say yes. If you asked me in late 2009 I would say maybe. As great as 2008 was for traders it has been equally painful for some as 2009 progressed and 2010 has shown moments of good times. Traders like bubbles; they just prefer it to… Continue Reading
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