Time, Energy and Money. Each of us has a finite amount of time, energy, and money; you must choose for yourself how you will spend them. That could be a point of focus to a good, reliable method of operating a trading business.

notice volume

POT

                                   daily

                 

iSPY

  as long as we hold above 50 day sma we are in the bullish mode

"trade what you see, not what you think"

BABA at 100

the margin calls are coming in

The future is unknown!

I don't have a clue which way the market is going, nor do I care. One of the best revelations a new trader can get is that you don't need to know which way the market is going to move in order to make money. When I say the market "should" continue to trend to this major support or resistance it is because I actually don't know for sure.

Trading is best done while knowing you are completely clueless. In that way, you can't be wrong, and pride and emotional attachment are not an issue. For those of you that have traded money for some time you know that false pride and emotional attachment is the killer of good trading. Can you see how admitting you don't know the future is liberating?

 It's better to just let price lead and to follow it with a proven trading system.

fishing

like trading, requires a good dose of patience

Chaos and Trading

Keep it simple.

“One of the greatest ways to avoid trouble is to keep it simple. When you make it vastly complicated—and only a few high priests in each department can pretend to understand it—what you’re going to find all too often is that those high priests don’t really understand it at all…. The system often goes out of control.”

got to respect lower highs and lower lows

US dollar has seen its longest winning streak in 17 years, ( and it's just beginning )

a bull flag

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.

"In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many."

"When volatility does begin to expand from a low volatility situation, often the first move is a false one. Then, after the shake out, the market continues in the opposite direction."

Trading is tough, most people lose money who try it, and it takes time, patience, perseverance and a lot of self-control to get good at it.

hi there my Russian friend, Aristotle told us how

"Whatever we learn to do, we learn by actually doing it. People come to be builders, for instance, by building, and harp players by playing the harp. In the same way, by doing just acts we come to be just. By doing self-controlled acts, we come to be self-controlled, and by doing brave acts we become brave."

by managing trading business and trading we become traders ~

Slow down and win.

                              from the IPO watch list

What do you think?

"All matter originates and exists only by virtue of a force which brings the particle of an atom to vibration and holds this most minute solar system of the atom together. We must assume behind this force the existence of a conscious and intelligent mind. This mind is the matrix of all matter."
 Max Planck, Nobel Prize in Physics

sideways price action

from a friend

It doesn't seem like it would be true. It doesn't seem like slowing down would get more done. But it does.

Every day I do it, I get more done. Every day I experiment with slowing down I understand the tortoise and the hare.

If I'm doing the right thing, I can do it as slowly as I want and my life will get better. If I'm doing the wrong thing (caused by a stressed, rush-rush contaminated decision-making process) it doesn't matter how fast I go I'm going to be even more STRESSED when I'm finished because it wasn't the wisest thing for me to be giving my time to. And I know it, and it stresses me out to know it.

If I am on the wrong road it doesn't matter how good I get at speeding down the road. It's the wrong road.

I need to remind myself of this: Slow down and win. Take your sweet, gentle time and have this one conversation ahead of me be relaxed and warm so that the relationship I have becomes relaxed and warm. Slow down. Even slower than that.

There you go.

most bear channels are bull flags

follow through is the key now

good trade location helps us cut our losers quickly and stay in our winning positions to maximize gains

"positive trade expectation occurs when the perception of the probability of a price event diverges from the actual probability of such an event"