Archive for September, 2010

• Would You Practice Brain Surgery?
  Posted by Leigh Drogen on September 26th, 2010 at 1:49 pm, Comments: 0

  Have you ever read something so stupid that you felt the need to smack yourself in the face with your palm?  Put more elegantly, a faceplam moment?  I’m sure you have. I came across this article from CNN Money a few weeks back and I’ve been meaning to use it to make a larger point. [...]

• Steal This Portfolio ;)
  Posted by Leigh Drogen on September 25th, 2010 at 7:27 pm, Comments: 0

  Last week I wrote a post about being transparent in your trading, you can find it here.  I was asked by several individuals if I could make the Google Doc open for everyone to copy and use, so that’s what I’ve done.  You’ll see that I’ve made a few small improvements to the doc, making [...]

• Momentum Book Update: The Sweet Spot
  Posted by Leigh Drogen on September 25th, 2010 at 12:23 pm, Comments: 0

  We’re in the sweet spot now.  We waited out 4+ months of a crappy market, sometimes in a cold sweat because of the withdrawal, so that our capital would be there for this.  We took small swipes at the market, on both sides, during the chop, all the while knowing that it was relatively insignificant. [...]

• Sports Sports Sports Sports Sports
  Posted by Leigh Drogen on September 24th, 2010 at 9:34 am, Comments: 0

  Anyone remember the show where the news anchor gets on the tv and just starts saying, “sports sports sports sports sports……”, in a specific rhythm, I wish I remembered where that’s from, damn.  If you have a link to a video or have any clue what I’m talking about please send it my way. Anyway, the [...]

• Koolaid Drinkers
  Posted by Leigh Drogen on September 22nd, 2010 at 8:32 pm, Comments: 0

  The pullback hath begun. Look, all of these little indicators, oscillators, and ratios that we use to guide us through the market are just tools, none of them is a holy grail or should be used as a stand alone system.  These tools are there to give us quantitative data about the flow of the market, [...]

• Don’t Complicate JASO
  Posted by Leigh Drogen on September 21st, 2010 at 7:17 am, Comments: 0

  For those of us who use a tactical approach to markets, it’s extremely important that our entries to positions are done so with a great risk/reward setup.  Part of that is understanding where the major market averages are in terms of uptrend/downtrend, or overbought/oversold.  Loading up on momentum names as the market is trending below [...]

• Chart.ly TV 9/20/10
  Posted by Leigh Drogen on September 21st, 2010 at 6:45 am, Comments: 0

  Last night on Chart.ly TV I sat down with @stevenplace @gtotoy and @zortrades to discuss the market.  We spent a good deal of time talking about how to handle overbought levels within an intermediate term uptrend, something I think is very important right now as many traders are looking to reestablish long positions as the [...]

• Daily Momentum Watchlist Review
  Posted by Leigh Drogen on September 20th, 2010 at 7:28 am, Comments: 0

• On Transparency
  Posted by Leigh Drogen on September 18th, 2010 at 8:23 pm, Comments: 0

  I began this blog for a few different purposes.  First, and by far the most important, I like to write and rant.  I just can’t imagine a time when individuals were not able to self publish this easily.  I’m a relatively young guy, but not having this ability just blows my mind.  The ability to [...]

• Momentum Book Update: An Inconvenient Truth
  Posted by Leigh Drogen on September 18th, 2010 at 12:43 pm, Comments: 0

  Ask just about anyone out there who actively manages money against a benchmark of the $SPX, what type of market action would produce the most alpha for you through the end of the year given your current and near term exposure.  I am certain the answer to that question would be a slow low volatility [...]