EQUITY RUN UPDATE : $10,365 A friend asked me where I thought the US Dollar would be next year. I thought that it would a tough call, as any long-term call can be... But I gave it a shot. Here is a copy of message to him: 9/24/17, 21:57:56: … Continue reading USD in the next 6-12 months
EQUITY RUN UPDATE: $10,909. Switching views isn't easy and it should be done with caution. Flip-flopping at every piece of news or at the turn of a candle is no view at all, it's just blowing with the wind. Additionally, some of the greatest trades in history were made … Continue reading This is when you should change views
Equity run update: $11,056. It's football season again. It's time for coaches' press conferences... When they talk about being "out-played", "out-coached", and "out hustled" by the other team. When the market beats you up, do not try to "out-hustle" it. You will only make the losses worse. It's been … Continue reading Though stretch? Don’t think you can out-hustle the markets…
Equity Run Update: $12,849 What's a blotter? It's a record of every single trade you take. There are several automated online systems that can track your positions and give you pretty reports, etc. on your performance. Even my broker, between the trading platform and the statements, does a good job giving me a sense … Continue reading Why keep a trade blotter?
[I'm adding a new line to all my post. An update on my trading balance] Journeyman updated Equity Run: $12,020.99. Many continue to scratch their heads at the North Korean problem and provide many plausible reasons for why it has gone on to develop a nuclear arsenal and insists on provoking a potential conflict … Continue reading North Korea: China’s decoy for its maritime operations.
I've had my share of scars. Some of the most memorable moments in my trading life, where positions that went from profitable, to potentially life changing profitable, to painful losses. The "life-changing" part of some trades triggers the type of irrationality that characterizes many life experiences, not least of which the type the junior high … Continue reading How to deal with (trading) heartbreak.