Archive for the ‘ Uncategorized ’ Category

Nibble Nibble Nibble

I nibbled at a few positions today and added to some others.  Still very light with very tight stops, this market could crack at any minute[ READ MORE ]

A Matter Of Strategy, Not Tactics

Back in school I did a good deal of research on the interplay between civilian and military leadership.  It’s an extremely important topic that’s often overlooked.  When the power in this relationship shifts too much to one side, we get pretty disastrous consequences.  In certain cases the military has been able to essentially control the formation of [ READ MORE ]

Momentum Book Update

Another week of completely bipolar market action better left to the day traders.  As opposed to last week where we went only up, this week there were no bids in sight.  Staying disciplined to your strategy at this time is so incredibly important.  Not only do us swing traders have to fight the urge to [ READ MORE ]

Financial Reform Farce

So the Volcker rule is officially dead as of today, what a surprise.  As for the rest of the financial reform package that is in its last hours of debate, it’s a complete farce.  I won’t go through every aspect here, but just understand this.  The reform does not in any way address the idea [ READ MORE ]

Long The Long Bond

I bought 25% of my book in TLT today at 97.96.  Although that sounds like a lot, the risk is extremely low as the trade would have cost me less than .4% of total account values had it gone against me and stopped me out, it’s a slow moving asset. The long bond is breaking [ READ MORE ]

Strategy Session: Dip Your Toe to Feel the Water

I’ve talked at length here over the past few weeks about how I’ve been largely paralyzed at my desk, unable to pull the trigger on the long side.  I had a great  Febrary-May, just about as good as I could have expected myself to trade.  I put on risk when it was appropriate, took it off when [ READ MORE ]

It’s All About China Now, Get Used To It

We better get used to trading in a market that’s all about China because it ain’t going away any time soon.  Frankly, we’ve been trading in that market since July of 2008 when the Chinese central bankers put an end to the appreciation in the Yuan and crushed the commodity complex to prevent run away [ READ MORE ]

Momentum Book Update

I gave back a lot of alpha this week as the market surged without me, about 240 basis points worth.  Instead of chasing the market higher as it became extended, I sat back and watched. The nice part about having built a large lead on the market is that you don’t have to freak out [ READ MORE ]

Market Thoughts

A few thoughts here as we approach mid day.  I’m starting to see A LOT of good setups cross my screens, but a lot of stuff is also way too extended short term to jump in here, along with the market as a whole, I will not buy things en force while those oscillators and [ READ MORE ]

Asleep At The Screen

If you’ve been keeping up with this blog on a daily basis the past few weeks, you should have made some pretty good coin on the long side.  Last Friday I outlines a laundry list of things that I wanted to see happen to get me bullish and in this market.  They were all achieved. [ READ MORE ]

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