Archive for October, 2009

  • Weekend Reading
    Posted by on October 31st, 2009 at 10:29 pm, Comments: 0

    I’m sitting in the screening room of Maher Hall at the top of campus listening to a recruiter from the CIA talk about the history of students from the University of San Diego joining the clandestine service.  He’s got my attention. That my future lay in finance wasn’t always clear to me.  I’ve been trading [...]

  • Insert Scary Title Here
    Posted by on October 30th, 2009 at 6:37 pm, Comments: 0

    I’m no fixed income expert, let’s just get that clear off the bat.  But I’m no fool either, I’ve studied and learned from the best in the game and if I know anything I know that the boys on the credit desks have higher IQs than the hustlers on the equity floor.  It’s funny, at [...]

  • Kirk Report Chat Replay
    Posted by on October 29th, 2009 at 2:57 pm, Comments: 0

    I want to give a big thank you to The Kirk Report for having me as a guest in his live chat session today.  You can see a transcript of the chat here.

  • Blood In the Streets
    Posted by on October 28th, 2009 at 7:27 pm, Comments: 0

    Check out the flow of charts on Chart.ly tonight.  Chart,ly is an excellent tool, if you know how to use it.  Taking a tip on a chart from someone without doing your homework first is just as bad as taking the word of that guy in your office who’s broker says to buy XYZ because [...]

  • Leaders Falling, Laggards Churning
    Posted by on October 28th, 2009 at 11:05 am, Comments: 0

    A quick update on what I’m seeing this morning. The issues which have lagged in the last run up are not capitulating, they are holding major support levels here.  What we still have is selling in the stuff which had run up during the last push.  Materials are getting slaughtered here as they were the [...]

  • Execute Your Play Book
    Posted by on October 27th, 2009 at 3:11 pm, Comments: 0

    The past few days have been nothing other than a calamity of errors on my part, not because I’ve lost money, but because I’ve bumbled the opportunity to make a lot of it.  You will hear this next line recited by many traders, and frankly, it’s true.  There are periods of time where I lose [...]

  • It’s a Play Book, Not a Game Plan
    Posted by on October 26th, 2009 at 5:38 pm, Comments: 0

    I highly believe in having a large play book while having no game plan.  The market doesn’t give a shit what your game plan is, so don’t come to play with a bias.  In war, the game plan goes out the door the second you step onto the field of battle.  Conditions change, capabilities are lost, [...]

  • Weekend Reading
    Posted by on October 24th, 2009 at 11:50 pm, Comments: 0

    So many things on my mind tonight that I’m having an issue writing anything sensible.  So instead, here’s a list of what I’m thinking about, look for some babbling rants on these topics in the next few months. Why our immigration policy is killing our economy and culture, what we can and should do about it. [...]

  • The Week In Charts 10/19 – 10/23
    Posted by on October 24th, 2009 at 12:47 pm, Comments: 0

    The Week In Charts!

  • They Must Be Masochists
    Posted by on October 22nd, 2009 at 5:22 pm, Comments: 0

    After today’s ramp into the close I’ve come to a conclusion.  The traders who keep shorting the bearish setups, either they are complete masochists, or they are insane.  The definition of insanity is doing the same thing over and over again expecting a different result.  So either you enjoy losing money, or you should probably [...]