Archive for October, 2009

Weekend Reading

I’m sitting in the screening room of Maher Hall at the top of campus listening to a recruiter from the CIA talk about the history of students from the University of San Diego joining the clandestine service.  He’s got my attention. That my future lay in finance wasn’t always clear to me.  I’ve been trading [ READ MORE ]

Insert Scary Title Here

I’m no fixed income expert, let’s just get that clear off the bat.  But I’m no fool either, I’ve studied and learned from the best in the game and if I know anything I know that the boys on the credit desks have higher IQs than the hustlers on the equity floor.  It’s funny, at [ READ MORE ]

Kirk Report Chat Replay

I want to give a big thank you to The Kirk Report for having me as a guest in his live chat session today.  You can see a transcript of the chat here[ READ MORE ]

Blood In the Streets

Check out the flow of charts on Chart.ly tonight.  Chart,ly is an excellent tool, if you know how to use it.  Taking a tip on a chart from someone without doing your homework first is just as bad as taking the word of that guy in your office who’s broker says to buy XYZ because [ READ MORE ]

Leaders Falling, Laggards Churning

A quick update on what I’m seeing this morning. The issues which have lagged in the last run up are not capitulating, they are holding major support levels here.  What we still have is selling in the stuff which had run up during the last push.  Materials are getting slaughtered here as they were the [ READ MORE ]

Execute Your Play Book

The past few days have been nothing other than a calamity of errors on my part, not because I’ve lost money, but because I’ve bumbled the opportunity to make a lot of it.  You will hear this next line recited by many traders, and frankly, it’s true.  There are periods of time where I lose [ READ MORE ]

It’s a Play Book, Not a Game Plan

I highly believe in having a large play book while having no game plan.  The market doesn’t give a shit what your game plan is, so don’t come to play with a bias.  In war, the game plan goes out the door the second you step onto the field of battle.  Conditions change, capabilities are lost, [ READ MORE ]

Weekend Reading

So many things on my mind tonight that I’m having an issue writing anything sensible.  So instead, here’s a list of what I’m thinking about, look for some babbling rants on these topics in the next few months. Why our immigration policy is killing our economy and culture, what we can and should do about it. [ READ MORE ]

The Week In Charts 10/19 – 10/23

The Week In Charts![ READ MORE ]

They Must Be Masochists

After today’s ramp into the close I’ve come to a conclusion.  The traders who keep shorting the bearish setups, either they are complete masochists, or they are insane.  The definition of insanity is doing the same thing over and over again expecting a different result.  So either you enjoy losing money, or you should probably [ READ MORE ]

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