Getting Ahead for the Little Guy
I’ve discovered that for my patience and budget level, I really only have two kinds of trading options available to me that seem to be consistently successful:
#1 – Long-term investments … I can’t even be positive of this, as I’ve not really had positions in for longer than 18 months or so now outside of [...]
Maybe it’s a glass-half-full idea, but I like it:
The Ultimate Truth About Preventing Market Abuse – It Can’t Be Done
Bottom line (according to Dave Forest) – no matter how much regulation and enforcement we try and pile on the markets, people are going to game it. And lie. And cheat.
This doesn’t mean we shouldn’t do [...]
I managed to end my losing streak this week. Last week I broke most of my rules, and enjoyed amazing gains from Monday through Thursday – truly astonishing. And I lost it all and a small amount besides within fifteen minutes Friday morning, due to a little more in a massive opening gap and the [...]
Tonight I had the opportunity to teach the JARS budgeting system to my mom. I was taught it at the Millionaire Mind Intensive a little over a year ago. It’s worked out great for me so far, and my mom had gone with me once to one of the evening seminars.
I don’t think I did [...]
This was a very annoying week.
I got whipsawed in the beginning of the week – death by a thousand tiny cuts – and so I switched strategies to loosen things up by the end of the week. And then THAT clobbered me.
Part of what killed me after the initial whipsaw at the beginning of the [...]
I lost a little bit this week. More than I’d hoped, courtesy of getting my stop blown out by early-morning volatility (I pretty much sold at the absolute bottom on a trailing stop…. grrr!)
But I think I’m having a single lesson reinforced that I hope I will eventually learn:
QUIT POSITIONING IN ANTICIPATION OF REVERSALS!
While the [...]
I never warmed up to the options symbology. Fortunately, with my broker, I never really had to – I had to dig into the charts to see the actual symbol that represented the ticker symbol, expiration month, call or put designation (A-L was for January-December calls, M-X was for January-December puts), and strike price.
Another brokerage [...]
A squeaked out a win, exceeding my dollar-value goal this week. I’d say it was hard-fought, but it was actually a couple of bad decisions on my part balanced by one not-so-bad decision.
Mistake #1 – Taking Profits too early. I saw a breakout on DIG, and played it to the upside. It did very well [...]
I saw this article, which has little to do with personal wealth (unless you are a banker, or a home-owner in Canada) but couldn’t resist weighing in on with my own personal philosophy. ‘Cuz I have, like, opinions ‘n stuff.
Due North: Canada’s Marvelous Mortgage and Banking System
There’s a lot that we folks south o’ the [...]
I was redeemed this week. Well, okay, my account was redeemed – I don’t know if my trading methodology was in any way redeemed.
I was reminded this week of one of those little bits of trading advice that I’d forgotten — take profits quickly in choppy markets, but let them run in trending ones. The [...]