Archive for September, 2010

  • End Of Quarter 3, 2010
    Posted by on September 30th, 2010 at 5:45 pm, Comments: 0

    Everyone having fun yet?  Holy mother of god that was a wild third quarter.  The market teetered on the brink of complete collapse, twice, and ended above a very important resistance level after surging to the finish line.  There were chances to both make and lose a lot of money this quarter.  Technically, it wasn’t […]

  • The 4th Estate Is Trust Bankrupt
    Posted by on September 29th, 2010 at 1:36 pm, Comments: 0

    I’m loving that Gallup, the people who do polls are tweeting their posts now.  You can find them @GallupNews.  You have to take everything with a grain of salt obviously, data can be massaged easily, and the questions they ask are both not always the right ones to get at the real story, and not […]

  • The Fear
    Posted by on September 29th, 2010 at 9:27 am, Comments: 0

    No, not the fear you’re thinking of, the other kind of fear, the fear of missing out. Many people believe there are two emotions that traders feel, fear and greed, I disagree, it’s only fear.  The fear of loss and the fear of not having enough.  There’s a difference between being greedy and being fearful […]

  • Why Am I Not Surprised
    Posted by on September 28th, 2010 at 5:45 pm, Comments: 0

    I’m about to go down a road I know is going to piss some people off, I’ve come to terms with that.  But you know what, this blog is about more than trading, it’s my personal blog, it’s here for me to communicate who I am and what I believe in, blah blah blah blah. […]

  • Reporters Should Report, Analysts Should Analyze
    Posted by on September 28th, 2010 at 1:38 pm, Comments: 0

    I’m getting quite sick of the the two big financial networks, CNBC and Bloomberg.  Of course, I hold Bloomberg to a much higher standard, CNBC is an entertainment channel in my mind save for whenever they do an interesting interview.  Frankly most of the interviews are pointless, some long only asset manager comes on, the […]

  • Using Mini Baskets To Play Themes
    Posted by on September 28th, 2010 at 11:16 am, Comments: 0

    One question I get a lot is, why do you have so many positions in your portfolio during times when the market is trending well, wouldn’t it be better to hold fewer positions with bigger allocations? This is a great question and one aspect of my strategy that I haven’t spoken about at length here. […]

  • Chart.ly TV 9/27/10
    Posted by on September 28th, 2010 at 7:20 am, Comments: 0

    Last night I sat down to speak with John Benedict of J2 Capital Management and Derek Hernquist of Integrative Capital to discuss their firms, their strategies, and how they view momentum.  I want to tie this show back in to the “Would You Do Brain Surgery” post from this weekend.  We spoke at length about […]

  • Without Risk, There Is No Reward
    Posted by on September 27th, 2010 at 3:33 pm, Comments: 0

    Trading is ALL about managing risk and probability.  The risk part is easy, you can quantify your risk by setting a stop on all your trades.  Yes, a stock can gap through your stop overnight, so we can’t know are risk 100% for certain, but setting aside major overnight announcements and earnings, we can get […]

  • Establishing Partial Positions
    Posted by on September 27th, 2010 at 9:49 am, Comments: 0

    I have a list of posts that I would like to write focusing purely on how I operate in the market.  Everyone takes a different approach, but many have asked me to share on this blog my strategies and what works for me as a momentum/trend trader. Let’s talk about establishing partial positions and why […]

  • Momentum Watchlist Review
    Posted by on September 26th, 2010 at 11:12 pm, Comments: 0

    The market has had a significant run, and many of the leading names are too extended to buy here, but there are still stocks showing good setups.  I believe we will see rotation this week instead of a significant pullback.  Look for tech to rest a bit and materials to lead as the dollar is […]