Archive for August, 2008
Don’t Push When You Can Pull!
It would be nice if the market would post a sign and tell us where it’s headed, but if that were the case then trading wouldn’t be so lucrative when we’re right. Good trading doesn’t have to be about nailing every move, contrary to what many believe.
Rather, letting the market pick a direction and [...]
Anything’s Possible
On a week like this when the trading is expected to be so light in front of a major holiday (Labor Day is next Monday), it’s easy to forget something very important…
Anything is possible.
Literally anything can happen in the market at any time. Just because the big boys (funds) have been away lately doesn’t [...]
Market View Video 8-24-2008
Very poor volume has plagued the market lately with many traders taking a late-summer opportunity to go on vacation and get away from their screens. We might be in for another week of that, but perhaps it will improve after Labor Day as is typically the case.
On a technical basis, the major averages do [...]
Identify Failing Bounces for Short Selling
Traditional Wall Street tells you that the market goes up over time, which has proven to be true. That’s nice if you’re a “long-term investor” who socks money away in mutual funds and doesn’t care about working your capital a little harder.
But for the self-directed trader, it’s important to remember a couple of things. [...]
Broken Trades
A memorable Far Side cartoon is called Horse Hospitals. In the picture, a pair of racehorses lie flat on gurneys with broken legs hoisted. A veterinarian rounds the corner staring at a clipboard in one arm while holding a rifle in the other. The adjacent room shows another gun-wielding vet with a [...]
