Posted by 17 October 2006

Out of the SKILL(let) into the Fire

Michelle B submits: The Disciplined Trader by Mark Douglas sits near my trading turret in a place of honor. Following rules is very problematical for traders. Having rules, and some traders have many, is not the same as being disciplined. A disciplined trader follows his rules, while a trader who has rules may not necessarily [...]

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Posted by 17 October 2006

Watchlist for October 17, 2006

I don’t know what the hell I was smoking yesterday. The A/D line was very positive, $TICK was above zero most of the day, my intraday moving averages were still bullish yet I somehow found myself 400% short by noon! I feel lucky to have escaped with only about a 1.5% loss for the day. [...]

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Posted by 16 October 2006

WallStrip.com is Now Live!

The big day is finally here.

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Posted by 16 October 2006

Watchlist for October 16, 2006

Let’s see if the melt-up continues this week. It has the potential to be a very volatile week with earnings really starting to pour out as well as options expiration… On Today’s Calendar: Nada More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades:

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Posted by 14 October 2006

Raymond Chandler discovers daytrading (translated by Michelle B)*

Michelle B submits: I was feeling as fresh as stagnant rainwater trapped in a city-street pothole — too many blondes, too many Bloody Marys, and too little sleep. (trans.: I am trading without risk management, methodology, and breaks). Then I see her. Only difference between a wild cat and this dame is her long legs [...]

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