trading
Thursday, 18 August 2011
Remember, No Position Is A Position Neutral.
If your plan calls for taking a step back and waiting you must listen, observe and wait for the market conditions to become conducive to your strategy. If you don't have a plan then it's time to create one for yourself. If you need help, ask for it.
Look at the SP-500 chart above.
There's nothing magical about technical analysis--at least the way
I approach it. The market went sideways for most of the year. It
broke down out of that range. On rallies, those who bought during
that range will likely look to get out. It's human nature. That
selling will cause the market to drop.
Am I sure? No. No one everknows for sure but this is the logical way to play it.
It is very important to remember that the market conditions change and we are going to have plenty of opportunity to make lots of money soon. Stay patient, positive and ready as the markets can change on a dime.
Look at the SP-500 chart above.
There's nothing magical about technical analysis--at least the way
I approach it. The market went sideways for most of the year. It
broke down out of that range. On rallies, those who bought during
that range will likely look to get out. It's human nature. That
selling will cause the market to drop.
Am I sure? No. No one everknows for sure but this is the logical way to play it.
It is very important to remember that the market conditions change and we are going to have plenty of opportunity to make lots of money soon. Stay patient, positive and ready as the markets can change on a dime.
Discipline to follow your rules is essential.
I believe that having discipline to follow your rules is essential. Without specific clear and tested rules, speculators do not have any chance at success. Why? Because speculators without a plan are like a general without a strategy, and therefore without an actionable battle plan. Speculators without a single clear plan can only act and react, act and react, to the slings and arrows of stock market misfortune, until they are finally defeated. - Jesse Livermore
Tuesday, 16 August 2011
EU Solution-A Transaction Tax-What It Means To You.
To me, transaction taxes are like a willing, sexy women at the bar. She looks so appealing. You take her to your room, and you wind up with a disease that you can never get rid of.
Transaction taxes are taxes on liquidity. Every time a trade is placed, a tax is paid. That makes it more expensive to trade. Market participants have to widen the bid/ask spread to account for the tax. This damages the market and costs consumers more than they actually realize.
Transaction taxes are taxes on liquidity. Every time a trade is placed, a tax is paid. That makes it more expensive to trade. Market participants have to widen the bid/ask spread to account for the tax. This damages the market and costs consumers more than they actually realize.
Monday, 15 August 2011
Think about how much an account needs to gain after a loss. It's easier to protect your capital than to make it back.
Loss% Gain%
1% 1.01%
3% 3.09%
5% 5.26%
7% 7.53%
8% 8.70%
10% 11.12%
15% 17.65%
...
25% 33%
33% 50%
50% 100%
75% 300%
..
1% 1.01%
3% 3.09%
5% 5.26%
7% 7.53%
8% 8.70%
10% 11.12%
15% 17.65%
...
25% 33%
33% 50%
50% 100%
75% 300%
..
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