If you did not know how old you were, how old would you be?
I do not know the author. I saw this on a birthday card over the weekend and it has stuck in my head.
Showing posts with label MorningThoughts. Show all posts
Showing posts with label MorningThoughts. Show all posts
Monday, March 23, 2009
Tuesday, September 23, 2008
Tuesday Morning Thoughts 9/23/2008
I seems like for weeks - every morning I log into my computers, I would see the markets in chaos - sometimes total chaos. Today, there seems to be a great calmness to the markets. Have we entered the eye of the storm?
Friday, May 9, 2008
Friday Morning Thought 5/9/2008
Since the market bottom - we have not had two bad days in a row. Just a thought.
Thursday, May 1, 2008
Woulda Shoulda Coulda 5/1/2008
I have 4 major problems as a trader:-
1) I get into too many of my trades late.
2) I do not let my winners run often enough.
3) I do not look at the big picture often enough.
4) I have tunnel vision where I only look a a couple of items instead of many.
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Last week , I posted an entry on the TG site - go short the EURO. Did I? - no. I got caught up in stocks and the EURO broke too much before I remembered it again.
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This weekend I thought gas is way too high. May is usually when gas peaks in the futures market. The gas chart is above. Did I sell it? - no.
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I guess I have one other problem as a trader - I do not trust my judgement.
Friday, April 18, 2008
Friday Morning Thoughts 4/18/2008
Today is options expiration. Think of all the people being screwed by the big moves right now caused mainly by GOOG. This is why I never play this junk - only inter day stuff.
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Also if we hold on to these gains, this will be the first week in a long while where we had two big up days. On top of that, we are breaking some major chart patterns to the upside.
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Also if we hold on to these gains, this will be the first week in a long while where we had two big up days. On top of that, we are breaking some major chart patterns to the upside.
Wednesday, March 19, 2008
Wednesday Morning Thoughts 3/19/2008
This market has been exhausting. I do not do that many trades but scanning threw everything looking for setups and not knowing when the next news event will send the market up or down a 100 or 200 points. It became sickening that every time Gas-man would come on, the market would rally regardless of the crap that came out his mouth.
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This market is also frustrating because there is so many good ideas on both the long and short side of the markets, my brain does not think of things fast enough to make winning trades. Most of my trades have been in the Steels lately but during the last 3 days there have been great trades to be in like the banks, brokers and homebuilders. I find out about most of them after the makerts have closed even thou people in the chat rooms are pointing them out. My brain can only process so much.
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This market is also frustrating because there is so many good ideas on both the long and short side of the markets, my brain does not think of things fast enough to make winning trades. Most of my trades have been in the Steels lately but during the last 3 days there have been great trades to be in like the banks, brokers and homebuilders. I find out about most of them after the makerts have closed even thou people in the chat rooms are pointing them out. My brain can only process so much.
Tuesday, March 18, 2008
Friday, February 29, 2008
Friday Morning Thoughts 2/29/2008
I hate it when I do not feel right in the morning. I still do not feel as good as I should but I do feel a lot better than yesterday. The market is so screwed up right now my stocks I want to short are all down.
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The dollar is still getting hit by the Yen and Swiss Franc but is having a massive rall against the Aussie.
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I hate ABK. It is getting saved - market goes crazy. It is not going to get saved - market dies. Not Fun.
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The dollar is still getting hit by the Yen and Swiss Franc but is having a massive rall against the Aussie.
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I hate ABK. It is getting saved - market goes crazy. It is not going to get saved - market dies. Not Fun.
Thursday, January 31, 2008
Thursday Morning Thoughts 1/31/2008
It is a weird day. My head is not clear. I have good headache right now so thinking is not my strong point at the moment. I do not need to say yesterday's market action was very bearish. It seems like every blog under the sun is stating that fact. My favorite ETF to trade XHB had like an 8% reversal.
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I am hoping that now we have the Fed out of the way for a while, we can have more normal markets. The two 1/2 days before the Fed Cut was painful. I am not good at searching for trades so when there are few trade ideas, I find none. A lot of good traders made a ton of money last week during Tuesday and Wednesday and have seemed to be nearly on vacation since.
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As I stated yesterday, I have had a good month and do not want to screw it up. I hope to increase my trading size on Friday. Most of my trades since mid month have been double what I had previously traded share-wise. I hope to double that again soon. This may sound stupid but after I double the double again - I would be at where I should be based on my account size. In other words, my trade size should be about 50k per trade.
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The numbers that just came out are killing the market. Fun.
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I am hoping that now we have the Fed out of the way for a while, we can have more normal markets. The two 1/2 days before the Fed Cut was painful. I am not good at searching for trades so when there are few trade ideas, I find none. A lot of good traders made a ton of money last week during Tuesday and Wednesday and have seemed to be nearly on vacation since.
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As I stated yesterday, I have had a good month and do not want to screw it up. I hope to increase my trading size on Friday. Most of my trades since mid month have been double what I had previously traded share-wise. I hope to double that again soon. This may sound stupid but after I double the double again - I would be at where I should be based on my account size. In other words, my trade size should be about 50k per trade.
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The numbers that just came out are killing the market. Fun.
Wednesday, January 16, 2008
Wednesday Morning Thoughts 1/16/2008
Frustrating - watching the INTC numbers come out and seeing the After Hours market getting crushed - I bought for my retirement account a few shares of QLD. I should have bought more and some for my Day Trading account. We are getting to the level where we should have a bounce. Damn. The market is down but no way near the mess expected. No guts - no glory.
Wednesday, January 9, 2008
Wednesday Morning Thoughts 1/9/2008
It is funny with trading I lose track of time. I mean I do not know what week of the week it is or the date. I know what reports are out there but my brain just does not process the rest.
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I am long the Loonie as a day trade right now. I markets did not fall apart over night. It is interesting that the Asia markets did so well last night.
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I am long the Loonie as a day trade right now. I markets did not fall apart over night. It is interesting that the Asia markets did so well last night.
Tuesday, January 8, 2008
Tuesday Morning Thoughts 1/8/2008
Still trying to get my head around yesterday. I am glad I traded more - even a lot of trades in my retirement accounts that I seldom write about but I did lose money. My setups I took were not far from setups I should take. I only screwed up one stop yesterday and that only cost me $25 more on the loss. I need to just keep going at it.
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I came across a good blogsite - The Lonely Trader . He has a couple of really good posts on how to look at your losses - some very well thought out and written stuff.
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I came across a good blogsite - The Lonely Trader . He has a couple of really good posts on how to look at your losses - some very well thought out and written stuff.
Friday, January 4, 2008
Friday Morning Thoughts 1/4/2008
The employment numbers stuck and we are testing the Wednesday lows in the YMs in fact breaking them. Dollar is down a lot.
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Very messy morning.
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Very messy morning.
Wednesday, January 2, 2008
Wednesday Morning Thoughts 1/2/2008
F to the CBOT. They decided to stop providing for free the YM quote information. I assume this is because of the merger with the CME. Right now I have been trying to get the new quote feed and paying the Fee for about a day now. One big PITA.
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The over night markets look like they wanted to rally by are having problems. The open should be interesting. The seasonals are very strong at this time and the fact we had a down last week should mean a strong market the next couple of days.
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The over night markets look like they wanted to rally by are having problems. The open should be interesting. The seasonals are very strong at this time and the fact we had a down last week should mean a strong market the next couple of days.
Monday, December 24, 2007
Monday Morning Thoughts 12/24/2007
If you look at the major indexes above, all of them are either sideways to down. On the other hand the indicators are still not pointing to a major down turn. The small cap index is in really bad shape but the Dow and S&P are dead in the middle of their ranges. The high flying China Index looks to be a pretty good top right now but the other emerging markets are more like the Dow.
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It is amazing that everyone got so excited with last weeks rally but it really got us no where. Still because it is January and the Smart/Dump has not broken down, I want to bet we will trend up over the near term.
Tuesday, December 18, 2007
Tuesday Morning Thoughts 12/18/2007
A course as we get closer to Xmas - the posting will get a little more hit and miss. The last 3 days I have dug myself a good hole in the morning only to make somewhat of a come back each but never enough to get me back in the black.
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It looks like a lot of traders are having a lot of problems recently. A couple declared blow ups on Friday, a bunch are lossing a lot more than normal and a few over the last month or two have dropped out of full time trading.
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The system got more money last night and GS is ok today. Is this a dead cat bounce?
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It looks like a lot of traders are having a lot of problems recently. A couple declared blow ups on Friday, a bunch are lossing a lot more than normal and a few over the last month or two have dropped out of full time trading.
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The system got more money last night and GS is ok today. Is this a dead cat bounce?
Friday, December 14, 2007
Friday Morning Thoughts 12/14/2007
I do not know if it is because I am posting more charts, looking at a bunch of other blogs or the fact I have been having a mental market melt down but my readership hit a new high yesterday. Like I stated before, I have so many good ideas but I act on so few and when I do seldom do I follow the plan until the end.
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I usually do not act on news stories in the middle of the day but I tried shorting JBLU. I was late to the game but I thought it would continue to drop. A course I short just seconds before CNBC decided to talk about the story. While they talk the stock started rallying again and I got out. I should have considered it a gift and shorted more. Than when it started breaking down again, I shorted again. I made my loss back and a few more dollars but some bad ticks happened while watching it, so I covered again just to watch it drop another 75 cents from the place I got out. Again I was watching too close. Again I had no plan. Again I had no idea what I was doing other than acting on a gut idea. No confidence - easily scared out. Crap.
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I do have a plan with Big Mouth stocks. I do have a plan with YMs. I do have a plan with Currencies. Do I trade those plans much? - no. I spend the day haunting around stocks I know looking for chart patterns and once in a while react to a bloggers suggestion. Dummy.
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I need to see a market shrink. I wonder if I can find one that makes house calls.
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I usually do not act on news stories in the middle of the day but I tried shorting JBLU. I was late to the game but I thought it would continue to drop. A course I short just seconds before CNBC decided to talk about the story. While they talk the stock started rallying again and I got out. I should have considered it a gift and shorted more. Than when it started breaking down again, I shorted again. I made my loss back and a few more dollars but some bad ticks happened while watching it, so I covered again just to watch it drop another 75 cents from the place I got out. Again I was watching too close. Again I had no plan. Again I had no idea what I was doing other than acting on a gut idea. No confidence - easily scared out. Crap.
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I do have a plan with Big Mouth stocks. I do have a plan with YMs. I do have a plan with Currencies. Do I trade those plans much? - no. I spend the day haunting around stocks I know looking for chart patterns and once in a while react to a bloggers suggestion. Dummy.
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I need to see a market shrink. I wonder if I can find one that makes house calls.
Thursday, December 13, 2007
Thursday Morning Thoughts 12/13/2007
I totally f-ed up this morning. I placed an order in premarket that screwed up the price. The IB warning did not work and I am already $500 in the hole. I wanted to place an order to short MRX at 26.85 - instead I placed it at 23.85 and a course someone took the gift. What a way to start the morning.
Tuesday, December 4, 2007
Tuesday Morning Thoughts 12/04/2007
Some of the high flying stocks are pulling back and the Bulls are getting nervous. Again I hope for a pull back to add some swings to my retirement accounts. Too many people are giving up on this market too quickly which is good.
Monday, December 3, 2007
Monday Morning Thoughts 12/03/2007
Not many. I hope this market sells off a little today and tomorrow and then we get a rally midweek and make all the IBD guys happy with a follow thru day. Other than that, I am totally amazing that the idiot Chavez lost his vote.
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The Big Mouth stocks for this morning are TC and THC. I can't find shares to sell in TC and I do not just trading THC. The Dollar is a little weaker so is Oil. Gold is flat.
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Going over the last months numbers, it looks like I was up about $925. This is my first plus mouth since going full time. Going full time has really messed with my brain. I can only hope November was I turning point for me. I will post my review of my November in detail once I can download the monthly statements.
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Again if you are going to make it in this business, you must be super honest with yourself on how you are doing both good and bad. This is why I write my blog. This is why I am very open with my gains and losses. This is why I review all my trades multiple times. It is a tough business/career/job/life.
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The Big Mouth stocks for this morning are TC and THC. I can't find shares to sell in TC and I do not just trading THC. The Dollar is a little weaker so is Oil. Gold is flat.
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Going over the last months numbers, it looks like I was up about $925. This is my first plus mouth since going full time. Going full time has really messed with my brain. I can only hope November was I turning point for me. I will post my review of my November in detail once I can download the monthly statements.
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Again if you are going to make it in this business, you must be super honest with yourself on how you are doing both good and bad. This is why I write my blog. This is why I am very open with my gains and losses. This is why I review all my trades multiple times. It is a tough business/career/job/life.
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