hope you enjoy the music and the trend riding

http://www.youtube.com/watch?feature=player_embedded&v=LiE1VgWdcQM

"YOU DON'T NEED TO KNOW WHAT IS IT GOING TO HAPPEN NEXT IN ORDER TO MAKE MONEY"

Success in the markets has nothing to do with predicting what the market will do. Instead, it has everything to do with GOING WITH THE FLOW of what the market is doing, ACTING on your edge (assuming you have one), and EXECUTING your trades, (the good, the bad, and the ugly) properly as per your PLAN.

Today I was asked. Why do you like to coach other traders ?

Well, since I began coaching in 2005 the unique feature that I have been enjoying the most is that it forces me to develop a deeper understanding of why I act the way I do. Before I can explain the procedure to anyone else, I have to have a clear understanding of it in my own mind. Working with others forces me to confront my own beliefs about trading, and in the process, makes me a better trader. That is one of the reasons.
Hope this helps!

THE UP AUCTION CONTINUES

                                                       click on the chart to enlarge it

                                              remember this

One Day At A Time

                                    "TREND IS YOUR FRIEND"

CATCHING A TREND IS THE ONLY WAY TO MAKE MONEY IN THE MARKET

MAKE SMALL BETS UNTIL THERE IS MORE CONFIRMATION AND  THE MARKET PROVES THE POSITION CORRECT

THIS BUSINESS IS MORE ABOUT MANAGING RISK THAN IT IS ABOUT GAINS

YOUR EXIT STRATEGY, ON BOTH GOOD TRADES AND LOSERS, IS MORE IMPORTANT THAN YOUR ENTRY STRATEGY

ENJOY THE TREND RIDING!

Live like you are already dead.

"If you had only one more day on this earth, how much sharper your senses would be. The beauty of nature, the simple pleasures of life, would be indescribably wonderful, and every moment would present an opportunity to spend quality time with your family and strengthen relationships with friends, acquaintances, and business associates. Every thought would be laser-sharp in that highly focused state." 


Today is your last day on earth 
for today’s opportunities,
do not let them pass you by.

after the pit session close

LOOKS LIKE WE ARE GETTING READY FOR A BREAKOUT OF THE RANGE

Fed Day Today

Apple crushes street targets
http://www.reuters.com/article/2012/04/25/us-apple-results-idUSBRE83N19Q20120425

AAPL

AAPL is in focus today, they report tonight after the bell, as Apple goes so goes the market, expecting some explosive move








<a href="http://www.linksmanagement.com">Contextual Links</a>

sometimes you have to start all over

Question about starting a new venture.

A_The advice I would give others in a collaborative effort is to 
clearly define your objectives, make sure you will be fairly compensated for your best efforts, stick to what you do best, keep business structure lean, and don’t depend on others to make it happen.

bear flag in play

                                 or a bear trap

dying to live

Doesn't everything die at last, and too soon?
Tell me, what is it you plan to do
with your one wild and precious life?~ Mary Oliver          

admitting it's hard

"See both sides, manage risk, don't chase
reward, and remember that there's no shame
in admitting it's hard; there's only shame in
pretending it's not." 

Greed and fear have the power to erase even the most well thought out plan and make the smartest people behave silly.

Empathy gap is the main reason behind most trading mistakes. The gap is the difference between how you believe you will act under certain circumstances and how you actually act when the time comes.


for more info read _Extraordinary Popular Delusions

UPRISE NOW

There are some issues today

and I give to truth a greater birth,

and to steadfast faith a deeper worth,

         hungering souls of earth, uprise today.~Miro

SOME NEW ISSUES FOR YOUR VIEWING

click to enlarge

new issues for your re-view _ not a buying or selling recommendation _ for educational purposes

stall above 50dma with a narrow range day and an inside day

Need to be right !

                                                   
                                                        TO BE SUCCESSFUL

IN THE MARKET IT'S MORE IMPORTANT TO BE HUMBLE THAN TO BE RIGHT
MANY TIMES WHAT TRADER NEEDS IS NOT MORE KNOWLEDGE OR A BRILLIANT MIND THAT CAN ANALYSE MARKETS BETTER BUT A HUMILITY TO SEE THE TRUTH, AND KEEP HIS MIND OBJECTIVELY FOCUSED IN THE  "NOW MOMENT"

S&Ps nearing range resistance

Hope remains alive that this week's earnings reports will put a support under the market ahead of next week's Fed meeting. If earnings provide the upside catalyst we should have no trouble pushing back above 50dma and into the prior range.
As of now S&Ps nearing range resistance at 1386.87.

note_how the market closes today is going to be very important indication of the next market move

S&Ps now

Watch for the move back into the prior range above S&P 1386.87, and above the range, expect a move back and above prior highs
OR
 if that doesn't materialise, be ready for a trade below last week's lows, 1351.36 at a minimum.

Earnings season is in full swing coming week.

Options expiration week.

note_ in this low confidence, low volume and high volatility environment, being patient and staying disciplined is very important