Due to the holiday, you might’ve guessed there’s no LiveStock today (although I was ready to do it!), but since you’ve become used to being entertained each and every Friday–Family Matters-style–I dug something up that you might just like…
See the whole article HERE and be prepared to spend some time reading it–it ain’t short, but it is worthwhile. Of course it had to come from a non-finance media outlet: Vanity Fair. Because as you know, just as corrupt as penny stocks are, the financial media is boring times infinity (besides even being a…
Original Source:
Entertainment Today: No LiveStock, Just A Riveting Account Of Bear Stearns Collapse!
Proprietary Trading Firms, Arcades, and Scams
I’ve received several emails lately in which traders asked me about joining proprietary firms that offer training for very high fees (many thousands of dollars/euros). The traders want to know, “Are these firms legitimate?”I have very sincere doubts. A proprietary trading firm is one in which you trade the capital of the firm in exchange for a split of profits. An arcade is a firm in which you trade your own capital, but the company provides the trading infrastructure, including member commissions/fees. At an arcade, you pay for the overhead/commissions but keep your profits. Prop firms can be good options for traders who lack sufficient capital for a meaningful account; arcades can be good options for successful traders who benefit from the lower overhead associated with economies of scale. Both options offer access to other traders, which can be a benefit….
Original Source: traderfeed.blogspot.com
Do You Ever Pivot From Long Put Options To Long Call Options?
Do you ever consider moving a stock from a bullish watchlist to a bearish watchlist without waiting for your scan to do it for you?
How I Trade Options - Create a Watch List.
The process to this point is very time consuming - but very rewarding. Each day I drill down to a few stocks that I really like technically and fundamentally. In the process, I also become familiar with many other prospects that might gain future consideration. In today’s option trading blog I’ll discuss the next step. For some stocks, this is my first encounter. For others, I know the company but the character has changed. I need to determine if the price action that lead me to the stock is “real” or “temporary”. The best way to do this is to put …
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Original Source: feeds.feedburner.com
Celebrating July 4th With My 2 Millionth Page View & FOX Biz Interview (This Sunday Night 5:30PM EST!)
Happy July 4th everybody!
I would love to celebrate our independence, but that’s impossible since the US government-backed Osama bin SEC continues terrorizing small traders! So, I will not go to any firework celebrations, I will not watch the Nathan’s Hot Dog Eating Contest (okay, maybe I will do that) and I will work all day and night today…because I’m too determined to change this joke of an industry for the better.
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Gap Fade Statistics for June
Did the “gap fade” technique deliver edge as usual in the month of June for the Dow Jones Index ETF the DIA Diamonds?
Each month I compile the number of trading days in the DIA that had an overnight gap of at least $0.20 (20 Dow Points) and calculate how many of those gaps filled throughout the same trading day, in an attempt to discover and calculate the edge in the classic “Fade the Gap” (trade against the gap as the morning play) strategy.
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Original Source: blog.afraidtotrade.com
Cross-Talk: The Role of Emotion in Trading
SFO Magazine has another trading psychology issue available, and there are several articles worthy of a look. Here is the link to my article in that issue.The theme of the issue, as titled on the magazine cover, is “Contain Your Emotions”. Here is a sampling of quotes from articles included in the feature:”It is a generally agreed upon industry fact that traders spend a disproportionate amount of time focusing on external market analysis and significantly less time on understanding themselves as traders.”…
Original Source: traderfeed.blogspot.com
New KIVA loan
Happy Indepedence day to all my American readers. The latest subscriber to contribute to the KIVA fund is T. Middleton. If you would like to contribute and receive my newsletter please subscribe through the Paypal link above. Allow 24 hours to set up access and have your name added to the distribution list.The latest loan goes to R…
Original Source: feeds.feedburner.com
SP500 1262-1268
My all shorts are covered now. I will open them again later, but I do start to expect temporay now reactionary impulse upside and most likely will take some more tech´s 2 of C´s in. If I don´t find any certain enough, I´ll add Adobe & Autodesk - very please they chart reaction during last 2 days since first buying.Maintrend is still strongly down and only bear rally possible if any. I also believe that QQQQ 44 will give a pause even there´s some leg left to travell still before it´s met. We are inside of minor downside impulse, so this call can easily fail and week ending lower lows and I am certainly overall bearish….
Original Source: just-charts.blogspot.com
Stock Picks and Trade Ideas for Next week - PCLN, POT, MOS, RFMD, MRVL
Chart courtesy of stockcharts ( click to enlarge )The stock is pulling back after recent strong move up. If it does not catch support here on its 20 day moving average, look for support at the $16. The technical daily chart above shows that MACD fast line has fallen below slow line which could mean that this stock is losing momentum. Overall still bullish, but negative momentum is on the rise. Stay tuned on Marvell Technology group….
Original Source: ac-investor.blogspot.com
4th July
Have a great Holiday!!Swing Trading, Technical Analysis, Daily Stock Market Commentary….
Original Source: 2dtrading.blogspot.com
Links for 2008-07-03 [del.icio.us]
Treasure Your Mental Health
10 Painful Parkour/Free Running Accident Videos
Clever Bathroom Door Signs
T…
Original Source: feeds.feedburner.com
Monthly Crude Mighty Stretched
Here’s the monthly chart of crude oil going back about a dozen years. Yes, it’s up over 13 times off its 1998 low and recently started poking out of the regression channel (>2 SD). I expect it to go sideways for awhile at least after hitting the “magic” $150/barrel mark.
Experiment with Obtrusive Ad
If you visit the website (I never do, I read maoxian as a feed), you’ll notice a new large colorful ad in the upper right hand corner. I’m doing a little experiment to see how much revenue this thing can generate in a month. With the old text ads I used to make about 20 cents a day, but these more obnoxious ones pay better (40 cents a day?).
I will report faithfully on how much beer I can buy with my monthly AdCents revenue!
We Got the Grill Started on the Summer Rally - Will Oil Put It Out?
Hi and Happy 4th!It seems like the rally we begged for is starting but with the BEAR firmly in place even the best calls in the short term are being doused with OIL! I cannot see fighting the oil tape but conditions are in place for a rally but that bleep down to 1255 SPX is a warning shot that you have to BE CAREFUL !No sense taking the chance and might add some IWM puts along with the burgers and dogs as protection from a fall may be as important as those long positions …please take this note from me to you to have a safe and healthy July 4th holiday and thanks especially to the Goddess for allowing us to use this tremendous platform (I never look at the photos) to communicate our trading skills to all of you. I am constantly learning after 32 years and I hope the lesson of this week is …never trust a bear covered in oil???…
Original Source: feeds.feedburner.com
Get Ready For Earnings Season!
Yesterday, the market eventually caved in to selling pressure as investors fled for the exits. A higher than expected ADP employment index weighed on the market. Initial jobless claims have been creeping higher for the last four weeks and traders felt comfortable shorting the market ahead of today’s Unemployment Report. A worst-case scenario was priced into the market and no one was going to take any chances after last month’s dismal report. Yesterday’s decline pushed the market down to a new relative low on a closing basis. The January capitulation low and the March retest both had higher closing lows. This …
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Original Source: feeds.feedburner.com
Unka Jack and T.G., Jr.
Yes, my Uncle really looks like that…andyes…that really is T.G., Jr.:)
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Original Source: feeds.feedburner.com

