…and it says that 2009 predictions are completely useless and a huge waste of time. It’s hard enough to try and figure out which way a particular stock, index or commodity is going to go on a daily or weekly basis,...
Read MoreThis chart has been very strong off of the November lows but it could be running out of steam. It hasn’t rolled over yet so I’m not predicting that it will, but given many other negative indicators regarding the...
Read MoreThis is not really funny, but I laughed anyway. clipped from www.financialsense.com
Read MoreTechs were a big drag on the Nasdaq today and lookingat a 15 minute of the chart it appears that index wants to move lower. I already have a sell on the Nasdaq from last week so I’ll be looking for signs of weakness and I...
Read MoreIf you have spare time over the New Years holiday check out the following collaboration by Dinosaur Trader. It’s a “best post of 2008” by the traders that make up his blogroll and it’s worth checking out...
Read MoreThis video is taken from Trade Pilot Pro’s blog and it’s a shame that he doesn’t update on a regular basis as he did about 6 posts last year, but this video is excellent regarding the psychology of trading. His...
Read MoreRoger takes the long way to remind people about position sizes and not making the big bet on any one position to protect your entire portfolio, but he does eventually make a good case. If you’re still trading after this...
Read MoreThe following quotes were taking from an article in Psychology Today by Mihaly Csikszentmihalyi. There is a link below to the full article. When we’re creative, we feel we are living more fully than during the rest of...
Read MoreI’m noticing some signs that the markets could be poised to start off 2009 on a down note. The Vix has seem to have found some support in the low 40’s now that volatility has dropped considerably. Renewed selling in...
Read MoreToday was very profitable for me despite spending part of my day caught up in the madness that is Boxing Day. For those not familiar here is a brief history of this shopper’s paradise, as I had never heard of it until I...
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