Archive for August, 2011

  • Stock Market Video Analysis 8/31/11
    , August 31st, 2011 at 4:48 pm

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  • Stock Market Video Analysis 8/30/11
    , August 30th, 2011 at 5:19 pm

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  • Cautious Optimism- Charts and Comments
    , August 30th, 2011 at 12:26 pm

    It is difficult to appreciate the volatility of the markets today by looking at these 30 minute charts. Generally, the markets are behaving well. We saw an early pullback which is now the basis of a higher low. Today’s lows found buyers near key levels (discussed in yesterday’s video) which is where “buyers were supposed to be found”.

    As long as levels of support (green dotted lines) hold the intermediate term trend should be viewed with cautious optimism, but don’t lose sight of the larger downtrend with declining 50 day moving averages. The red horizontal lined indicate potential resistance levels if the market continues to move higher.

    click chart to enlarge

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    Stock Trading Ideas for 8/30/11
    , August 29th, 2011 at 6:07 pm

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    Stock Market Video Analysis 8/29/11
    , August 29th, 2011 at 4:56 pm

    The $QQQ is back to positive year to date, what a wild ride we have had this year. See the video for important levels going forward.

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    Stock Trading Ideas for 8/29/11
    , August 28th, 2011 at 12:44 pm

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    Stock Market Video Analysis 8/26/11
    , August 26th, 2011 at 4:24 pm

    Markets finished with good gains for the week but the action remains difficult to trust. The video goes through key levels to watch next week in the $SPY $QQQ $IWM $XLF $SMH

    Hope all the East Coast people make it through the storm safely!

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    Things We Sometimes Forget As Traders
    , August 25th, 2011 at 10:39 pm

    no grammar here,
    just some thoughts about trading,
    living a peaceful, meaningful and fun life…

    ****************************************************

    trading can be stressful
    but the stress comes from us and the pressure we put on ourselves to perform everyday
    our self worth should not be tied to our P/L
    trading can be gratifying but it is not to be confused with real life

    life is more satisfying if you are actually living it
    instead of obsessively looking for the next great trade

    the best trades (and people) usually reveal themselves
    when we don’t expect them to be there
    our job is to recognize the great opportunities and then pounce at the right time
    to maximize our chances of success

    we are supposed to put our emotions aside when we trade
    it is difficult to flip the switch and be an emotional,
    caring person after the market closes

    don’t neglect your kinder side
    while you try to be the big swinging dick trader
    the people who care about you will hopefully remind you of what is truly important
    and maybe more importantly, you will listen and hear that message
    because losing money is easier and less painful than losing important people

    trading can be lonely
    if you surrender to it, trading can become unhealthy
    it can be the most seductive mistress
    but the love is always one way

    someone wise once told me once
    don’t love something that wont love you back
    and the market loves NO ONE!!
    don’t be seduced by her charm, because she has broken many a good man before us
    and the biggest egos are usually cut down first

    computers are programmed to do our job for a good reason, we are human!
    we have “flaws”
    and in this business it is our emotions which are called the enemy

    emotions can be tough, but neglecting them is more difficult to overcome
    emotions are more rewarding (okay, maybe more disappointing too) than monetary gains or losses

    stocktwits can help alleviate the loneliness of trading
    and put you in touch with some amazing professionals,
    with great information to share
    but don’t forget to think for yourself
    it is your money, no one is going to care about it as much as you do
    but really, it is just money…

    I have made many real friends on stocktwits
    I used to think only losers made friends online
    i’m glad i have kept my eyes, mind and heart open
    and my greed in check

    sitting in a chair all day is not what our bodies were designed to do
    get up and walk around the block
    meditate, sit on an exercise ball
    do some push ups, get the blood flowing
    just be alive somehow
    don’t let the market suck the life out of you!

    three day weekends shouldn’t be spent at your computer staring at charts
    jonesing like an impatient lover to spend another hour together
    the market will open again, it always does, try to chill…
    drink some beer or wine, smoke a bowl, whatever you do… just relax
    life and the opportunities it offers seven days a week are more important than the next trade

    try to keep your priorities in check
    it is okay to love what you do, but
    trading/ business/ money is how you support the things you love and enjoy
    not what you should love first

    don’t forget how to be a kind and caring person, it isn’t easy but
    it can mean so much more than another zero to your net worth

    love the important PEOPLE in your life First
    not the pursuit of wealth, riches
    and all the associated bullshit
    not that those things can’t be fun,
    because I still want to own a Ferrari one day!

    i guess that is all for now….

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    Stock Market Video Analysis 8/25/11
    , August 25th, 2011 at 4:33 pm

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    Stock Market Video Analysis 8/24/11
    , August 24th, 2011 at 5:05 pm

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