follow up; POT

                        booking more profits, for a "runner" a new stop now is @ 41.25


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.

follow up: POT

locking in profits on the "runner", new and a higher fail-safe-stop is now @ 40.69

follow up: POT

POT took six days to reach the first target, 200DMA, now you can move your stop, have a break-even fail-safe-stop for the remaining part, "runner", and enjoy being a trader without any psychological burden, you don't have any risk for the remaining part and you booked profits on the half.
Enjoy "free trade".

follow up: POT

                             
                                maximum intraday heat was less than 1% or 38 cents

Happy Holidays

actionable: POT

~ one could Buy here and now @ 40.00 with a fail-safe Stop @ 39.49 and the first Target around 200 DMA, now @ 41.95
anticipating first cross trade, we have a higher high in place, and now a first pull back to support at 10 week MA under development, and possible higher low
Risk Reward Ratio = 1/4 for the first 1/2 and if achieved a new fail-safe-stop will be @ B/E for a runner


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.

<a href="http://www.hyipdata.com">http://www.hyipdata.com</a>

Drawdown is something . . .

For me, trading is all about mastery: the mastery of markets’ complexities and the numerous challenges of self-mastery. From the perspective of mastery, every drawdown is something to be embraced. Drawdowns tell us that we have lapsed, either in our market mastery or in our self-mastery. Perhaps markets have shifted regimes and are responding to new factors, perhaps we have failed to remain consistent in the best trading practices that generate ideas, translate them into trades, and manage those positions. Either way, losing money has a purpose, to make us better. It does not have to be a threat to self-esteem, it can be an opportunity to expand and grow oneself.

Question ? Do we get a Santa Rally or does the Grinch step in !

Like usual, I'll take my clues from the price action and the chart patterns that develop as we go and virtually ignore most everything else.

awareness seems to solve things

"Theory is good for the intellect, but action is good for the soul. It's also good for your mental health, your physical health, and your pocketbook."
- Robert Ringer  

http://etradingrealtime.blogspot.ca/                         

S&P 500 cash

Trend is sideways. Status in bullish. Price is on a four day run.

Futures contract, chart below, showing a reversal bar today, around resistance area, suggesting a possible pullback.

There is no rule that say you must ( play ) be in the market.

"First, do not be invested in the market all the time. There are many times when I have been
completely in cash, especially when I was unsure of the direction of the market and waiting
for a confirmation of the next move." - Jesse Livermore

Why genius truly is more a function of perspiration than inspiration.

 Benjamin Bloom, Dean Keith Simonton, and K. Anders Ericsson have studied elite performers, and their research points to a few commonalities across fields. The elite performer is in his or her niche and so has a strong emotional  bond and commitment to self-development. The elite performers are also ambitious: they really care about becoming as good as they can be. Finally, they put large amounts of time into developing themselves. Their practise and work provides them with a sense of “flow”-it doesn’t feel like work to them.
the learning of the elite performer is qualitatively different from normal learning. The normal learner learns to do common things well. But the elite performer learns to do uncommon things. The immersion in learning generates an element of creativity. It’s why genius truly is more a function of perspiration than inspiration.

YUM-in these markets you have to be nimble and decisive- Stay Flexible.

pre market news: consumer shares and YUM shares are lower in today's pre-bell session. YUM reconfirmed its full year 2012 EPS growth forecast of at least 13%, or $3.24 per share, excluding special items. The analyst consensus is $3.28 per share, according to Capital IQ.

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...

YUM story

self-explanatory

UNG story

there is a story: A man have a 100,000 account. He divided the account in four equal parts (25,000). He bought  UNG 1100 shares*22.00=24,200 and had fail-safe stop at 21.60. for a total risk of 440.00 or 1.76% on a part OR  risk of  0.44% of total equity. Next.

trading

It's kind of fun to do the impossible.
Walt Disney

UNG was up 2% today

remember: 70% or more of breakouts fail

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