TraderPlanet.com :: complacentpanda's Commentaries

Closed

Fri, 03 Apr 2009 20:43:00 +0000

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 information to keep you occupied for weeks .

Thank you and take care,

CP.

1593646321321250335-5306386774958504290?l=complacentpanda.blogspot.com

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Closed

Fri, 03 Apr 2009 14:43:00 +0000

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Side Project

Tue, 17 Mar 2009 18:08:00 +0000

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 . Also, you can view next week from Sunday until Saturday for $2.50 more. If you want to see all of the posts and information up until March 28th, you can subscribe for a total of $3, a savings of $.50 .

What you receive:

- Morning “Coffee” Talk: By 9:00...

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A Check Up

Mon, 16 Mar 2009 19:43:00 +0000

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 . All trades since then have been winners with the exception of one break even trade in the futures market. I don't mean to brag, I just want to say that it is possible. Enough of the horn tooting

On to some charts :

Look at that beautiful shooting star, the turning sto...

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A Few Charts

Sun, 15 Mar 2009 23:30:00 +0000

Check out Trader Mike for several good charts as well.

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Velocity, Acceleration

Fri, 13 Mar 2009 16:25:00 +0000

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 , you will have an even harder time getting a feel for the speed of whatever stock, future, whatever you're following. Yes, I used to constantly refresh the charts at Zecco and Sogo Trading when I had a small account size. It helps, but the lack of streaming updates detracts from y...

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Newsletter?

Wed, 11 Mar 2009 22:25:00 +0000

Anyone interested in purchasing a daily 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 .

- I'll focus on various points throughout the day on the S&P500 and occasionally the DOW . I'll touch on where ideal points of entry are and how I would identify them before price reaches that point .

- I'll also suggest possible scenario...

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He Hit the Number, and So Quickly...

Wed, 11 Mar 2009 16:25:00 +0000

I posted a quote from a newsletter two weeks back 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 estimate of $55 would imply an ultimate low of 666 on the S&P 500, likely by October if our estimate of the timing for the end of the official downturn is accurate."

Other parts of the letter suggest a lower ...Read More at TraderPlanet.com »

Historic Chart

Mon, 09 Mar 2009 17:51:00 +0000

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 .

This chart will hopefully give you an idea of where the current market stands. There have been "double tops" before that have not signaled the end of the market, something pointed out every now and then by the doomsayers. Also, there are other times where we have dipped below the o...

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Motives.

Sat, 07 Mar 2009 21:32:00 +0000

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 want is that you can use this information to collate your own wants and desires and see if they are opposed or in congruence. The difficulty in doing this, is that many people will not state their motives up front, or, often, they do not understand or want to understand their true motives.

T...

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Another Poker Analogy

Fri, 06 Mar 2009 16:21:00 +0000

In online poker, all the chips on the table have been paid for, and with each subsequent pot the house takes its "rake" . 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 poker player on the table and looted all the stacks, you still wouldn't leave with all of the money that had been on the table. This is because of the rake fee.

The stock market is similar. All of the money you make comes from the pockets of the ot...

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Surrendering to Gravity and the Unknown

Thu, 05 Mar 2009 18:08:00 +0000

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

Wed, 04 Mar 2009 19:10:00 +0000

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 not the markets but rather your inability to do what you need to do, when you need to do it, without hesitation.

- Mark Douglas, The Disciplined Trader

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Nap

Wed, 25 Feb 2009 17:07:00 +0000

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 and dedicating my time to trading my friend's account, I am struggling to find time for the site. While I still try to keep a journal of my trades , I tend to crash when I get home. Naps are the fruit of the Gods.

I really need to spend some time outside as well. With my brother or with friends. I may come ba...

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Panda Love

Sun, 22 Feb 2009 00:47:00 +0000

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 perhaps the arduous journey can be accomplished.

But, breeders have so much difficulty with the pandas. The process of getting them to, uh-cough, mate with one another is frustrating and time consuming. Many pro...

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