Let me first start by saying I actually agree with Sarah Potter’s article that women can make better traders than men. Now you might notice I added that word can to her title. I would lose my man card altogether if I didn’t at least attempt to retort.
Sarah made a valid point about the ability of a man’s ego to get in the way of his trading. The real finite issue begins with men’s incognizance that size doesn’t matter. I’m obviously referring to the size of a trading account (Get your minds out of the gutter!), the amount of profit on a winning trade, or the size of a particular return on investment.
Personally, I don’t regale my buddies with the size of the fish I caught. That doesn’t matter to me. However, the story is much more focused on the events leading up to the catch of that fish and how valiantly it fought but ultimately succumbed to my skill and prowess.
I feel women should brag much more about their trades! Ladies, have an incredible ego. Women are the most powerful force of the human race, the apex of human civilization, the reason wars are fought and battles are won or lost, lands are conquered and ultimately the reason men trade in the first place! In one way or another, everything a man does is to please his current, future, or perspective woman or partner.
The real root of men’s success is our humble beginnings and the fact that a woman brought us into this world! Ladies, rejoice because you not only are the better trader but the reason we are here!
The saying goes, “It’s not bragging if you can do it.” I feel each woman or man should enjoy the empowerment given to them by trading well. One sentence later, humility should be the focal point of any trader. Excellent traders are taught to be calculated, unemotional, precise, powerful and smart with their trades. You can be quite humble, gracious and generous while at the exact same time, proud of how intelligent, beautiful, handsome, funny, strong, sincere, or empathetic you are as a person. I think a trader, instead of publicly declaring how much money he/she made in a single trade, should rather be publicly generous and then wash and repeat.
Again, I agree with Sarah that some men brag too much in general. However, my counter-argument is that women do not brag enough, simply because it’s not the societal norm. Ladies, don’t be afraid to intimidate us as men. In fact, I ask this of you: bring us more competition in every aspect of life because we as men need to step up our game! Feel confident, feel amazing, be incredible, be gracious and generous and go make awesome trades, consistently.
Speaking of which, the following is a trade set up I noticed the other day. And, I like it!
A ROLLER COASTER RIDE
Disney (DIS) could be shaping up for a nice roller coaster ride of it’s own. We have what I view as a leaning triple top pattern and arguments could also be made for an island reversal. We have a gap up on 09/5/12 with good volume at an all time high. That gap, as of 10/31/12 was filled with a very bearish candle with good volume closing below the 100 simple moving average.
Then, noticeably, we had quite the large gap down and traded right to the 200 SMA. Strange how this works, right? Naturally, I am quite bearish on DIS at this point.
TRIGGERS AND TARGETS
My two bearish perspectives are as follows. My orange trigger is if we attempt to fill this gap more, in which case I will actually enter bearish at $49.27, placing my stop above the 100 SMA, around $51, which is a great way to mitigate risk on this trade. If we do continue lower and close below recent wicks and the 200 SMA, my trigger is $46.31 with a target of $43.70, at which point it will likely rest.
FINALLY
Whether you are male or female, let your own analysis confirm any trade entry. This is simply my perspective, a male one at best. Yes, that comment was a little snarky. Nevertheless, let the market be your playground!
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