Next week I’m going to try something different to stop these blowup days I have. Generally, they happen about once per week. On the surface, it may seem that I trade poorly on those days. However, I have come to a different conclusion. When you are a piker like me, and [...]
On Wallstreak yesterday, there was some discussion about whether scalping short in the StreetSmack method is just attempting to call the top in a move. There are an infinite number of potential tops in a move, but only one true top. Your odds of getting it exactly right are slim. Better to [...]
A decent-sized 16-cent winner on Triad Guaranty Inc. (Nasdaq: TGIC). I thought it would be a scalp at first, but I actually let it retrace a bit, because I thought the initial drop was too weak and another would follow. So, I’m not sure what to call this type of trade. ultra-discretionary?
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‘Unprecedented’ Volatility: Perception vs. Reality (Teresa Lo | PowerSwings.com)
…when John Bogle announced on CNBC yesterday that it’s the worst he’s seen in his 55 year career, I knew I had to go back into history and take a look.
(tags: trading volatility)
All too often when we read trading books, we see a pattern that plays out perfectly. Then we go on to spot double bottoms, make our trade, and finally find out it wasn’t the bottom. We average down, the position comes back to break even, and we feel some relief. You know [...]
Of all the folksy artists I listen to, I’ve been enjoying Ani Difranco most lately. Especially her Educated Guess and Knuckle Down CDs. I think a lot of people didn’t like Educated Guess for some reason… too “experimental” they say on amazon.com reviews. I thought the change was nice… but I’m an [...]
Quitting at 1PM ET. Not enough on my radar to keep me entertained.
I remain undefeated this week. Go ahead and add comments calling it luck. I will laugh all the way to the bank. The teller will be delighted by my upbeat manner, and impressed by the size of [...]
Here’s my PnL chart since I started Prop Trading at the end of July on a % equity basis. When I was up 30% I posted my Best Day Ever post. Since then, a solid downtrend. Trader Mike is now thumping me big time. My win / loss ratio stands at [...]
