Friday, December 12, 2008
Wednesday, November 5, 2008
Tuesday, October 28, 2008
Sunday, October 26, 2008
Thursday, October 23, 2008
Learning from Mistakes
We all have winners and some we don’t like to talk about but I’ve come to the painful conclusion to TRADE WITH THE TREND. Better to stay on the side on the counter trends.
1) The counter trend move is not going to be the largest of the move and will most of the time be the smallest.
2) The trending move direction will help overcome the Bid/ASK spread AND the missing the perfect top and bottom.
3) If I am not able to nail the perfect top and bottom and I have to make up that Bid/ASK spread as in number two (above) then the Risk/Reward will NEVER be worth taking the trade.
4) The ONLY exception would be a trend reversal.
Simple but basic rules ONCE APPLIED has some nice $change$ to my account.
Sunday, October 12, 2008
Sunday, October 5, 2008
Thursday, October 2, 2008
Friday, September 26, 2008
40 minutes left. Place your bets if you so desire!
Have a great weekend!
Sunday, September 21, 2008
What a way to chill after a wild week in the market.
Sunday, September 14, 2008
Sunday, September 7, 2008
Thursday, September 4, 2008
Saturday, August 30, 2008
Time to bring out the tech in me!
I always check in on the market and swing in and out of small positions. USO being one. TWM being another. I have pulled off my RUT 640/650s for a profit. The 750/760s have been a pain this month. Got a little to greedy but I have been close to my shorts before and understand that time is on my side here.
Since we are in an election year I would not be suprised to see leaders of all the parties helping out and trying to keep oil prices down with this huge hurricane coming.