Natural Gas

price: 2.7 target: 3 stop: 2.62 Bear case: A fifteen-day weather forecast shifted moderately warmer. Bull case: producers stop pumping. My case: I don’t know which way it will go. Technically, it hits support. It will bounce around this support level. Then it will move up, or down. Nobody knows for sure. If you’re a counter trend trader, the risk is small but reward is huge. However, your winning percentage will be less than 50%. You have to cut your loss quick. If…

Are Subscriptions Worth the Money for a Rookie Trader?

There’s more free stuff available than you can POSSIBLY go through and coming from someone who’s paid for quite a few “courses” over the years, I can tell you first hand, there isn’t “new” or “secret” out there. IMHO, I would focus on Supply and Demand– (support & resistant) . They’re the ONLY things that make price move- the ONLY things- without exception! Everything else plays off them. Now, to be sure, you need to learn about other “stuff” too, but…

Stop Listening to the Mainstream Media

The mainstream media is NOT there to give you information. It is there to plant suggestions and manipulate what you think and do. The large headline story on Reuters, the largest news source in the world. “Stocks take a dive” on the release of the Non Farm Payrolls report. When this was reported, the market was not open yet, and stock futures were up and in a rally. They are telling you that stocks are down when they are up.…

Prop Trading Firms

Prop firms make their money by the same way Retail trade brokers do, by commissions. What they do is provide you Leveraged Capital. Example: If you want to trade forex you can go to a retail place like FOREX.com and they will give you $100,000 to make trades with for every $10K you deposit. Well Prop Firms are much the same. You put in 5K into your account and they give you 30K or so of leverage. The big Difference…

Trading Survival

Greed, Fear and Hope According to evolutionary psychology, people today still seek those traits that made survival possible then Emotions Before Reason: In an uncertain world, those who survived always had their emotional radar — call it instinct — turned on. The reliance on instinct undoubtedly save lives, allowing those who possessed keen instincts to reproduce. So for human beings, no less than for any other animal, emotions are the first screen to all information received. Today people are often trained…

Groupon GRPN

Price:4.70 Stop: 3.25 Target: 6.25 Short term trend is up. There is a high probability that grpn will continue to go up. However, risk/reward is terrible. It’s about 1:1 I’m 50 shares in, just for fun.

Human and computers

Computers are more powerful than humans when it comes to executing simple step-by-step instructions. Humans are more powerful than computers at tasks that are not easily broken into simple steps. According to “Dancing With Robots: Human Skills for Computerized Work,” computers’ strengths lie in speed and accuracy, while humans’ strengths are all about flexibility. There are types of work that humans do really well but computers cannot: 1) Unstructured problem-solving: solving for problems in which the rules do not currently…

Small Wins & Big Losses = Loose

I have many small wins and a few big losses. My winning ratio is over 80% yet I’m in the negative territory. Big losses will kill your account quickly and small wins will do little to pay for those losses. Looking at the below chart you will see   DON’T LOSE MONEY IF YOU LOSE MONEY THEN LOSE LITTLE People psychologically connect a 50% loss with a 50% gain to break even. if you start with $100K fully invested, with the…

Blow Off Tops

Markets move up accelerate daily. They haven’t had a meaningful down day, bubbles r in growing bigger. Since Trump’s election, the US stock market has climbed unstoppably. What we r looking at is irrational exuberance. It’s crazy. All indexes are at all-time high. The Trend Is Your Friend The trend is still up, i’m still in. Never, ever goes against the trend.