
Dear Subscribers, Please refresh the links (CTRL F5) ALl is new there.
10:10 ET, Please take your profits on yesterday's positions or at least make them neutral, there is no reason to lose money on them.
It should be clear from this chart that I had placed my trade in not as good of a place as the opinion was expressed that the market could be at the temporary, at least, bottom 11:56, my own trade was a little earlier and less successful, but it has made a small profit after $18 commission. This is a stupid account I play sometimes with. I trade with much better commissions, obviously.
CARBONFUTURE MarkLytle our good Old time and ever fresh friend , thinks this is interesting read, I trust him it is. He never wasted my time(:- Thanks Mark and please somebody find time to read and share with us the basics. ONly after you collected profits on Yesterdays Purchases , Please
Dear Anybody who bought yesterday at around 11:56 and 13:00 should have very nice profits. These were the times announced to be a good places to do BUY. I have stated MILLION TIMES and will STATE again. Even the scaling needs to be done with a lot of care. When the market moves against your expectations and it could do more so( it always does) , one can not go allow themselves to put a lot of money on the first day of the trade and call it the scaling. Scaling needs to start very slow as the best needs to be kept for what is statistically better time to rev up for MDS and that is day 4-5 and even then it could be that the trade goes 12-13 days then you need to be ready for such development and never allow yourself to be fully committed. Markets are designed to part the impatient from their money. There is no short cut to being MILLIONER. I am not, because I do not believe in short cuts, they have never worked for me. So, I make sure that I can swallow what I Byte(:-
Please, Reread again and again the addendum's to the emails I sand. They are not there for beauty. They represent hard facts of life. Money is hard to make and requires care. Be an investor not a trader, primarily. If you like to learn trading then make it inexpensive. Play with coffee money until you know what you are doing. Only when you reached a point of consistent success, of 5-12 months, start to increase your lots every so slowly. That is the only way or do not trade. Be an investor, because that you can not avoid, we all have IRAS and personal money that needs to be managed. Invest in safer YIELDING assets, subscribe to SHAKERS and keep an EYE on advancing HIGH YIELD QUALITY Stocks. That is the way to deal with the investments. Only PLAY money should be traded.
Largest wealth manager in the world, UBS will tell you ( yes the guys that lost mmmmmmBillions in sub prime and CDO's) that if they can make 2% above the market rates , you would tell them thank you... Nice, Ha? So, if treasury returns 2% this year and they can make you 4% they are hero's. This is how difficult making the money is folks. That is not me... Ha , that is a TRILLION DOLLAR wealth manager. Why do I say that, because one must set very realistic goal in trading "enhancement" of the investments. Risks have to be absolutely furiously controlled and the attempt has to be made on not losing , not on making a lot. Then the 2-5% above market rates will make you look better than BILL GROSSes or DAN FUTSes of the world and UBSes of the world. Try writing Covered Options, see if that makes you more comfortable and teaches you patience, because once you wrote that option, you will be there for months at a time collecting those extra .5-.1 percent. That will teach on patience. I will help you anyway I can, but I can not help when people overextend themselves. Most of the time loss comes because, trader is scared to lose more. That could be billion dollars for GEORGE SOROS and it could be $100 bucks for me. Understanding that, was finally what made me a good trader. It had nothing to do with market knowledge. Just understanding how much is nothing to me?
Why do I write so much about this? because I alwasys do. And in light of SYSTEM underperformance this is the best time to remind us what are we dealing with.
By the way did you know How some of the big wealth managers "enhance" you investment's. Well, it seemed to be an accidental moment of honesty of some trader/official from one of the biggest wealth manager houses that they could borrow in LIBOR market at , practically , "any rate" they wanted.
In ENGLISH this means they could borrow at X and then charge the public X+2 with relatively safe type loans and WOILA! they have the +2% out performance over the treasury. Of course YOu pay handsomely for that over performance and you and up with still nothing much better than you could make in CD's. Or take another example How the "HEDGE FUNDS" ( so called) collect 2-20 on your money if they make over 10% a year. That does not seem to be so hard, when the MONEY supply grows at 20% a year and real INFLIETION is over 10% , which makes the 10% in stocks market guaranteed ( until the "credit crunch" comes ). That is how this entire industry works. There are no easy places to go. I still think that if you find that you can not master sufficient patience, then just stick with the quality high YIELD stocks and CD's to do "self enhancement" of your investments. GNMA's are another very safe investment, but could lose some principle as interest rates rise. Please find the time to rethink the exact objectives of what you would like to achieve. Good Luck and Good Trading