follow up, cgw

Looks like it found support here, notice volume.

follow up, ung

Breaking through the trendline on good volume.

Sell orders are coming in and we are back in the range.

This is very frustrating market, and in periods like this many traders give up on market and than the market makes a big move. In trading many times the best action is no action. Patience and discipline required here.

Volume is the key to your stock's movement, up or down.

Remember it takes volume to move stocks, so start getting to know your stock's volume behavior and then how it reacts to spikes in volume. You can see these spikes on any chart. Volume is the key to your stock's movement up or down.

Meditation, a tool for personal optimization.

                       Meditation is a very effective way of reaching for the truth.

Meditation has been shown to reduce stress and increase focus. It is the simple act of quieting the mind for at least 10/15 minutes. Focus on your breathing to quiet the mind, even though when you focus on your breathing, you may find it difficult to keep thoughts from streaming into your mind. That is okay. Let the thoughts stream, look at them and release them, as some may contain solutions to any challenges going on in your life. Action is being truly observant of your own thoughts, good or bad, looking into the true nature of whatever thoughts may arise, neither tracing the past nor inviting the future, neither allowing any clinging to experiences of joy, nor being overcome by sad situations, in so doing, you reach and remain in the state of great equilibrium. There are number of excellent tapes that produce meditative alpha and theta brain states that can help you in quieting your mind.

"context is everything"

CGW  looks like it could move from bullish flag, but we have to keep things in context of the overall market.
When it comes to understanding the price/volume behaviour of stocks, context is everything. Things that work at times don't work at other times, believe me I know this from my personal experience, and that's why is so important to know the market underlying conditions or context. The exercise of comparing the price behaviour of a stock to a chart of the market as represented by a major market index can help you understand a stock's potential strength.

The trend is the basis of all profit.

Harry, a friend of mine has asked me a question: 

How do you know where the market is going to go ? Below are my answers to that question.

The best evidence that a market is going to go up is that it's already doing so.

The best evidence that a market is going to go down is that it's already doing so.

Think about it.

People Are Awesome.

A cool video.
http://www.videobash.com/video_show/people-are-awesome-5962

Learn from your mistakes.

Back in the early days of IBM, a young worker had made a mistake that lost IBM $1 M in business. She was called in to the President's office and as she walked in said, "Well, I guess you have called me here to fire me." "Fire you?" Mr. Watson replied, "I just spent $1 M on your education!"

So next time you take a big loss in a stock, consider it your tuition, and keep record of it so you don't make the same mistake again.

alerted to the following story…

A young lady confidently walked around the room with a raised glass of water while leading and explaining stress management to an audience.  Everyone just knew she was going to ask the oft repeated question, ‘half empty or half full?’   But she fooled them all…
“How heavy is this glass of water?” she inquired with a smile.
Answers called out ranged from 8 oz. to 20 oz.
She replied, “The absolute weight doesn’t matter. It depends on how long I hold it. If I hold it for a minute, that’s not a problem. If I hold it for an hour, I’ll have an ache in my right arm. If I hold it for a day, you’ll have to call an ambulance. In each case it’s the same weight,but the longer I hold it, the heavier it becomes.”  She continued, “and that’s the way it is with stress. If we carry our burdens all the time sooner or later, as the burden becomes increasingly heavy, we won’t be able to carry on.”
“As with the glass of water, you have to put it down for a while and rest before holding it again. When we’re refreshed, we can carry on with the burden – holding stress longer and better each time practiced. So, as early in the evening as you can, put all your burdens down.  Don’t carry them through the evening and into the night… pick them up tomorrow. Whatever burdens you’re carrying now, let them down for a moment. Relax, pick them up later after you’ve rested. Life is short.”

follow up, cgw

support is still holding 

Asset class performance review.

Life.

For a long time it had seemed to me that life was about to begin. But there was always some obstacle in the way, something to be gotten through first, some unfinished business, time still to be served, a debt to be paid. Then life would begin. At last it dawned on me that these obstacles were my life.

~ Alfred D Souza

Follow up, CGW, support levels were tested and successfully defended today.

                                        observe and learn how to profit

"the most important attribute"

A great trader and a friend of mine once said:  “I will tell you I am good at trading. I am good at investing. I am good at making decisions. I am good at admitting mistakes and that’s my best trait. I am really, really good at admitting mistakes. And that’s to me the most important attribute that an investor, that a trader, that somebody who’s trying to make a living matching wits in the market can have is the ability to admit that they are wrong. That trumps all other concerns. Education doesn’t seem to have that much viability to me. It’s the ability to say I’m wrong.”

Panoramic View Of Karlovac.

Daniel Butala

                  

Your primary job as trader is to devise a plan that will get you profits that are large multiples of your initial risk.

I emphasize, as I always do, that one of the keys to successful trading is to have an exit strategy in place before ever entering a position. That enables a trader to get out if he is wrong on direction. The strategy needs to be one that permits profits to run while creating a disciplined unemotional exit that initially is both clear and close to the entry. In that fashion, prediction no longer controls. The successful trader, instead, simply reacts to the price movement. Having a plan that incorporates money management, reward to risk potential and disciplined exit strategy can supply an edge that prediction doesn't. The key, of course, is to learn how to make the profits from the winners significantly exceed the losses from the losers.

There is no substitute for water.

An idea for research.