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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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