actionable; follow up on UNG

                               resistance becomes support .....

The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

an idea: etf-UNG and/or futures-NG, but remember an idea is not the same as the plan.....

 for trend riding stalkers : possible trend change

when trading...

"Your present circumstances don't determine where you can go; they merely determine where you start."
~ Nido Qubein

DJIA is flirting with 13000 area

first time since April, confirming the downward line of least resistance

Why do I coach ?

In 2005. I had an opportunity to pass some of my knowledge along to other traders. It turned out to be the perfect combination, trading and being able to teach others. I was able to give back, similar to the mentors and coaches that had helped me in my trading career. One thing I enjoy doing is helping others and another one is trading. Jumping into those tracks set me on the path to finding something that gives every fiber of my being a purpose. Trading is not glamorous, it is boring, it is lonely, it is not easy, but there is nothing else I would rather be doing. If at any point you have any questions or do not understand something or question what I wrote please feel free to send me an email: mtci@telus.net

Who is stopping you now?

"The question isn't who is going to let me;
it's who is going to stop me."~ Ayn Rand

recommended reading: Atlas Shrugged 

follow up on YUM

The Trend Rider: actionable: yum now

The Trend Rider: actionable: yum now: Over the door to his office Thomas Edison had written: "There are no rules here - we're trying to accomplish something."  daily v...

The Trend Rider: yum

The Trend Rider: yum: I have come to respect “gaps” in my nearly twenty years of watching markets; when they happen (especially in stocks) they are usually ...

taking a look at S&P cash

we have lower highs and lower lows in place, the line of least resistance is downward

As you reflect on your trading this weekend consider folowing saying

"The definition of insanity is doing the same thing over and over and expecting different results."

Happiness.

"Happiness is permanent. It is always there.
What comes and goes is unhappiness.
If you identify with what comes and goes, you will be unhappy.
If you identify with what is permanent and always there,
you are happiness itself."
 ~ Poonjaji

RIP Pikachu.

Let Go of the Results: You really have no control over the results, you have control over the action.

Your goal is to trade and to trade well!  Money is a by-product of trading well.  A very interesting thing starts to happen when you focus on trading well.  Your profits will start to add up a lot faster than they did when making money was your primary goal.  This is simply because traders who focus on trading well cut their losses and let their winners run.  They protect their capital and leave unnecessary risks to others.  They recognise a choppy market and sit on their hands and don’t trade.

Traders who trade well let the market come to them.  They are extremely patient and disciplined.  They wait for the setup and an entry point.   If that setup and a trigger don’t come along they wait for the next one knowing that another chance is just around the corner.  Once in the trade, they mechanically and methodically manage their position, taking profits at specific points, and moving their stop loss to protect their investment.

Traders who trade well don’t trade simply for the excitement of the trade.  They don’t trade out of boredom or when they are sick or tired.  They don’t trade especially if they have stress in their life, believe me I paid a big price and I know this one very well personally.  
Successful traders have a plan and a set of guidelines they follow.

They focus on what they can control, and that is their action.

where the bulls are now

actionable: yum now

Over the door to his office
Thomas Edison had written:

"There are no rules here - we're trying to accomplish something." 

daily view

hourly view

The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

yum

I have come to respect “gaps” in my nearly twenty years of watching markets; when they happen (especially in stocks) they are usually very important. Notice volume.

When trading......

Mistake.......... what to do with it.

"A man who has committed a mistake and
doesn't correct it, is committing another
mistake." - Confucius

Making mistakes is part of trading. Successful trading is all about minimizing making mistakes and correcting mistakes right away as you realize you have made them. When you can do that consistently your trading will improve materially.

Silver near new resistance area.

Want to be a champion ?

Waitzkin is a philosopher of excellence — a deep and articulate thinker with intimate knowledge of victory and defeat. The Art of Learning is a description of his competitive journey through the highest levels of chess and martial arts.
More than that, though, The Art of Learning is a powerful collection of ideas and insights on how to learn, compete and evolve… how to tap creativity under pressure… reach for more... and how to become a champion.