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In a Bear market, sell the rumor, buy the news!
Yesterday, the markets advanced in anticipation that the U.S. government was near a plan to fix the crap economy. Near the peak of buying, I concluded my UYG swing trade for a nice +14% ROI. After...
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Bad Bank, Bad Idea
Meredith Whitney, the Oracle of Wall Street, has spoken. If a bank were to sell its “bad” assets into a “bad bank,” it would still be left with lower earnings power from higher losses on “good loans”...
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How John Paulson made a shit load of money in 2008
Paulson Advantage Plus, the largest of his funds, returned 37.6% net of fees on $7B in assets. For the coming year, he says… We remain bearish on the outlook for the U.S. economy and believe the...
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Successful Swing Trade: + 22.76%
Yesterday morning, while going through my watch list, I found UYG trading below $3.00 a share. Granted, the financial sector deserved to be beaten down but not this much, especially since the U.S....
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Gambling with FAS
When it comes to triple leveraged ETFs, I tread with caution. However, one that keeps on tickling my pickle is FAS. It is an exchange traded fund (ETF) that seeks daily investment results of 300% of...
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The 5 Rules I follow to Successfully Trade Stocks
Everyone has their own set of rules. The ones outlined here just happen to apply to me and my penchant for swing trading. 1) Must have a Game Plan. There is a business saying, If you fail to plan, you...
View ArticleUnderstanding Market Price Movement.
The IRREFUTABLE LAWS of the MARKET SIX STEPS that every trader needs to know to succeed in the markets. Step 1: A move begins with the sponsors (smart traders) who have insider knowledge as it relates...
View ArticleLeveraged ETFs – a gambler’s dream.
Here is an excerpt from Gregory Davis’ Article… Triple The Upside/Downside On Financials The Direxion Financial Bull 3X Shares ETF (NYSE:FAS) is designed to return three times the performance of the...
View ArticleInteresting….
Excerpt from Wall Street Journal Blog… The activity in the nation’s banks suggests that investors believe they are circling the drain, zombies needing only a blow to the head once and for all, or...
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Reviewing the concept of Support, since we just broke it.
Since the S&P just broke the 741 Support level (established November of last year), now is as good a time as any to say This is BAD! According to John Murphy: If the support level is violated,...
View ArticleWarren Buffett also lost a shitload of money in 2008
Warren Buffett just released his letter to Berkshire Hathaway Shareholders. Worth the read. You can read/download it here: berkshireletter 2009 Publish at Scribd or explore others: Business & Legal...
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Know what is going on in the Futures market!!!
Excerpt from John Murphy’s (1997? ) seminar, Applying Technical Method to Today’s Trading. “For those of you that trade the futures markets, there are a lot of other things outside the future...
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Trading Order Flow (Trend) vs. Momentum
Being able to distinguish between order flow/trend and momentum is important! Why? …. because it determines the profitability of a trade. Generally, trading on order flow (longer term) will yield much...
View ArticleFollowing J. Paulson: Some Mortgage Securities & Banks
From the latest print edition of The Economist: Just as markets used to hang on Mr Soros’s every move, they are now keen followers of Mr Paulson. He does not see the economy reaching bottom this year...
View ArticleInstructional: High Frequency Trading
High-frequency trading is creating a ruckus on Wall Street. Marketplace Senior Editor Paddy Hirsch explains what high-frequency trading is and why some people are up in arms about it. High-frequency...
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3 $FAS Swing Trades
Haven’t done an equity trading post in a while. So, here is one instrument I’ve been playing with. Disclosure: Do not currently own FAS. Enjoy.
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Harvard Poker Pro Says Texas Hold ‘Em Can Teach Traders to Fold
Copy + Paste from Bloomberg (my highlights in blue): Nov. 20 (Bloomberg) — Brandon Adams, who teaches behavioral finance at Harvard University’s Department of Economics, says some of the best...
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The Stock Market (Dow Jones Industrial Average) in 2009
Copy + Paste Excerpts: The U.S. stock market is poised to end 2009 with a comeback of historic proportions, with the Dow Jones Industrial Average up 61% from its March nadir and 20% for the year. But...
View ArticleAdapting to High Frequency Trading
Pretty good article for intraday stock traders. Excerpts Copy + Paste: Below are seven effects… that HFT has had on U.S. equity markets. Each is then followed with a suggestion or two about how we can...
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On forecasting 2010 Stock Market (DJIA)
Copy + Paste: Historically, the first few trading days of January have been among the strongest for stock performance, because this is when individuals and pension plans add big chunks of new money to...
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Missed Opportunity.
Red arrow was the end of a swing trade. Missed opportunity was in between dashed lines. Even without reading the news, Friday’s price action was predicted 2 days earlier. Fluroescent Green Line has me...
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Memo To Lloyd, the Morts Need Your Attention
$GS Trader (Michael Lewis) sends an email to the C.E.O., sharing 3 big ideas. HILARIOUS. LOL! Copy + Paste from Bloomberg: To: Lloyd Blankfein Re: Winning the Public Relations War Six months ago, with...
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Swing Trade + 27.8% – Woohoo!
What a month! With all of the current chatter on (unlikely) financial regulation, (likely) Greek bailout, and potential economic recovery in 2010, FAS is a great ticker to exploit. It’s basically a...
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In need of mental stimulation
I’m currently reading a few books… Liar’s Poker by Michael Lewis The Big Short: Inside the Doomsday Machine by Michael Lewis Outliers: The Story of Success by Malcom Gladwell A High Wind in Jamaica by...
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Interesting Level on the S&P 500
Depending upon how you like to draw your lines, you could be inclined to buy, sell, short, cover, or just watch. More than anything, stock trading is a study in human psychology.
View ArticleBet Against The American Dream (Broadway Song)
Amusing song about Magnetar Hedge Fund, which made a lot of money by betting against their own investments. If interested, can read about how they did it in one of the links below. Or just enjoy the...
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Goldman Sachs is charged with fraud, and Fibonacci Retracement Lines amuse me.
The Securities and Exchange Commission charged Goldman Sachs with fraud, and the stock tumbled almost 13% ($24). $12 billion in market value wiped away with that one headline. Incredible! Interesting...
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Rejected Fortune Magazine Cover by Chris Ware – Funny
Chris Ware, American artist, was commissioned to do the cover for the Fortune 500 issue. Sadly, it was rejected. Copy + Paste from Indiepulp: He accepted the job because it would be like doing the 1929...
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Beneath the Oil Slick
Last year, I did pretty well trading the stock of Transocean ($RIG); they were the operators of the oil rig that blew up recently in the Gulf. The actual oil well is leased by British Petroleum ($BP),...
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Looking for an Island Reversal or to Fill the Gap
Today, I started a position in Transocean ($RIG), the operators of the oil rig that recently blew up in the Gulf Coast and currently pissing off environmentalists. I’ve been stalking its movement ever...
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May 6, 2010 – Historic Day for the Dow
Stocks plunge; Dow has record drop, then recovers NEW YORK (AP) – The stock market had one of its most turbulent days in history as the Dow Jones industrials fell to a loss of almost 1,000 points in...
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Greed and Fear by Carl Richards
Copy + Paste: Most of us make the same mistake with our money over and over again: We buy high out of greed and sell low out of fear, despite knowing on an intellectual level that it is a very bad...
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