Recent complacentpanda's Commentaries
Closed
Sorry to keep the page blocked for so long. I'm reopening the content but not the site. Thank you to everyone who visited while I was open: a lot of you have helped me grow.If you want to visit another trading site, check out riding the noise. Also, every site to the right has enough good informa...
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Closed
Sorry to keep the page blocked for so long. I'm reopening the content but not the site. Thank you to everyone who visited while I was open: a lot of you have helped me grow.If you want to visit another trading site, check out riding the noise. Also, every site to the right has enough good informa...
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Side Project
Two people wanted a newsletter or newsletter-like service. Even though that is a relatively small number, I’m going to give it a shot. If you would like to join, for $1 you will be given access to view CP's Letters from Wednesday until Saturday (March 17th – March 21st). Also, you can view next w...
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A Check Up
I think it is partially luck, a bit of excess caution, growing confidence, psychological development, and some nice charts, but I haven't had a losing trade since I tried to trade the after hours emini market several weeks ago (I wasn't used to the speed and the limited liquidity). All trades sin...
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A Few Charts
Check out Trader Mike for several good charts as well.
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Velocity, Acceleration
It's really hard to show the "speed" of stock movements without recording trading in action. I'm guessing that's why most sites don't talk about the speed of a movement very much. For those without trading software (it's a necessity for serious trading), you will have an even harder time getting ...
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Newsletter?
Anyone interested in purchasing a daily (weekly optional, for a lower price) newsletter? Each evening, before 9PM PST you would receive an email containing a PDF file, the newsletter. In the newsletter: - I'll discuss what happened in the markets that day and how I interpret the price movement (e...
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He Hit the Number, and So Quickly...
I posted a quote from a newsletter two weeks back (link) that I find rather amusing at the moment. Here's a section of it:"For those looking for a silver lining, at least we are going to have a deeper bottom to bounce off. Applying a classic recession-trough multiple of 12x against a forward EPS ...
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Historic Chart
I found this on my hard drive the other day, and I thought I would share it. If you go to the site mentioned on the image, you'll find an even more recent chart showing the current decline of the S&P500 P/E ratios (not yet below 10).This chart will hopefully give you an idea of where the current ...
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Motives.
Motivations, as a friend once told me, are what you need to figure out if you want to understand people. To begin the process ask, "What does this person want?" The benefit of knowing what the other person (or group of people) want is that you can use this information to collate your own wants an...
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Another Poker Analogy
In online poker, all the chips on the table have been paid for, and with each subsequent pot the house takes its "rake" (i.e. a small fraction for hosting the game). Any money you make in online poker comes out of the pockets of those who you are playing against, and even if you were the best pok...
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Surrendering to Gravity and the Unknown
Shorting is a necessary tool for any serious trader. Gravity--i.e. entropy--will always take hold, and things will eventually fall. Furthermore, things fall faster than they rise. How much more needs to be said in favor of shorting?"Gravity" off of Thirteenth Step by A Perfect Circle.
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Fear
Fear is always the result of your beliefs about the threatening nature of the environment. What could be threatening about the market? Nothing, if you had the confidence and completely trusted yourself to act appropriately under any given set of market conditions. Essentially, what you fear is no...
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Nap
The site has been put on the back burner for the last few days, and it looks like it may have to stay there for a while. I have my final "midterm" tomorrow, but with public transportation (in Southern California) and dedicating my time to trading my friend's account, I am struggling to find time ...
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Panda Love
Panda cubs certainly look ugly by most standards. The same could be said of fledgling traders. But both have the potential to turn into such beautiful creatures.Here are two, one helping the other make it up a tree, or something, perhaps to get a warm apple pie. With the help of others (or as Joh...
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