Trader Mom @ Home
These were once almighty bull stocks that a lot of people salivated over. Now look at them. They are basically a dime a dozen. You have no idea how many hearts they have broken. I can tell you a lot of people are still deeply buried in these doodoo stocks.
Some of them have already left the stock market. But it does not matter. New people are entering the market everyday to take up those vacancies. Pro traders are smirking. After all, trading is a zero sum game.
Anyone averaged down on the following guys?
Energy Conversion Devices
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DryShips
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LDK Solar
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Suntech Power Holdings
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Do you remember the post about my first forex position? Technically, it is a profitable position.
The US dollars has been strengthening recently. All major pairs have moved quite a bit except USD/CAD. I think it might try to catch up with the other guys. So I will open a long USD position in this pair. This [...]
Today, the 2 weakest sectors were Financials and Basic Materials. The market gaped down because of Financials. So the direction was obvious. That was to short guys from these 2 sectors.
PNC (PNC Financial Services) was the first target. My entry was nearly perfect. But a good entry alone is only half of a successful trade. [...]
Different trading styles dictate different stock picking methods. Today, I would like to share mine with you.
If you have been with me for a while, you perhaps already know my trading style. If you are new, then my trading style is High Frequency Trading (HFT). Do not confuse scalping with HFT. They are totally different. I [...]
I am visiting Atlanta Georgia, which is 6 hours away from where I live. I bought a citypass online which listed 8 attractions
Georgia Aquarium
World of Coca-Cola
Zoo Atlanta
Inside CNN Atlanta Studio Tour
Fernbank Museum of Natural History
Atlanta Botanical Garden
High Museum of Art
Atlanta History Center
I do not know if I will have enough time to visit all of [...]
Do you have a blog? Would you like to attract more traffic to your blog? Writing a guest post for another blog is an excellent way to expand your readership. My blog has quite a few thousand readers and generates 50k+ page views every month. You can see the stats here. Some people already asked me [...]
If you google High Frequency Trading (HFT), you will find a few definitions. One is that big traders use high powered computers to gain advantages that retail guys like you and me do not have. I have a 2 year old computer, which is 10 thousand miles away from being high powered.
Another definition is that [...]
The market kept moving up in Nov. partly because there was no tangible bad news except the Dubai one. Technically speaking, we are in a medium uptrend and I am cautiously bullish. When every one is bullish, the bull is at its last gasp. The reason is simple. The market goes up because of the [...]
Today, the stock market was closed at 1pm. It was a volatile day and good for traders of both directions. As we can see, if you went long at the opening bell, you would make some money. You also could make money from the short side like I did. The market was better than I [...]
Ryohoji, a Japanese temple, in suburb Tokyo hired young beautiful girls as temple maids to attract tourists. Temples are normally considered as sacred places. You do not see young beautiful girls in temples every day. Let alone hot maids and sexy cartoon characters. Japanese men just love nurses, maids and girls in high school uniforms. Well,I [...]
Agriculture stocks have under-performed a lot of other sectors. However, they have been on the move for the past few days. We all know that MOS, POT were stars in the last bull run in 2007. I doubt that they would run up to their previous highs any time soon. But it really should not [...]
For day traders like you and me, nothing is more important than our first trade everyday. It is so crucial that it can be used as an indicator how well we do in the remainder of the day. If it is a flat trade or a small loser then it might not have any impact [...]
I did it anyway. Why was it dangerous to short in a strong market? It is simply because doing so is like picking the path of most resistance, aka bucking the trend. Do you still remember what the “boy plunger”(Jesse Livermore) once said? That is a rhetorical question. We already know the answer.
I should have [...]
Normally Fridays are somewhat flat because most traders are not in the mood for trading. I guess it is the same for most other professions. People start to plan on Friday for what they are going to do over the weekend. It is not different for traders. However, this Friday (11/13/09) was somewhat more active [...]
October has passed. It was actually a pretty flat month. Unless one bought/shorted stocks that outperformed the general market, he perhaps was flat. Do not be upset if you were flat in Oct. because being flat is much better than a negative number.
As we can see from the chart below that the market has recovered a [...]
I have taken about 1600 trades so far in 2009, which averages 160 or 80 round trip trades, per month. Back in 2007, I averaged 40-50 round trip trades per day. Yeah that is right because I was a scalper, whose average holding time was around 2-3 minutes. For some super scalpers, 100 round trip [...]
The past 2 days were relatively easy to make money because the markets had great volatility. On Thursday (10/29/09), all 3 markets (each was close to 2%) went up a lot. And they went down a lot (2.5+ %) on Friday. We have not seen this kind of volatility for a long time.
Why is it [...]
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