-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
October 2006 Archives
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
-
Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
-
a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
-
Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
-
I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
-
Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
-
Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
-
One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
-
I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
-
(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is continuing and time consuming, and not everybody, especially the majority of their potential clientele who have nine-to-five jobs, either have the ability or the time to do what is required, so that is why they are there--to provide an invaluable service at a price.
Meanwhile, the 'glue addicts' are using shorthand with which to identify and follow the actions of investors that have done the fundamental research. How do they do that, you may ask? By following squiggly lines, of course. Besides 'sniffing glue' constantly, daytraders venerate the almighty squiggle. Japanese candlesticks, trendlines, and patterns like cup-and-handle reversal and head-and-shoulders topping formation are among many of the icons which daytraders adulate. In addition, these pathetic, clueless 'glue addicts' are filling up their country's governmental coffers because of the higher tax rates in which their profligate behavior results.
So, we got these desperate folks, with no grasp on fundamentals of a stock, oddly glued to their screens, worshipping the almighty squiggle, and paying unnecessary taxes out of the gazoo to their governments. I say, gather them all up and pack them off to the crazy farm!
What these critics are not able to grasp is that daytrading is conducted as a business. The trades involve buying merchandise and selling it at a higher price. Daytraders focus on turnover, and in the process, provide often needed liquidity to others--yes, even to those glue-fearing investors! If one emphasizes the high-failure rates of daytraders, then it is only fair to note that a large number of first-time businesses also fail.
When a daytrader explains the method behind his madness, he does not seem looney, even to die-hard investors if they are willing to listen to his reasoning of why he does what he does. Then, such an investor will often reply, ok, but it is not for me. I don't want to speculate or run a business in that manner. Fine. Then don't. However, calling traders stupid because they do not speculate the way you do or choose a business to your liking, is, well, stupid. In addition, to try to convince others that any other method is not worth doing because you either do not want to do, or do not have the ability to do, or is too difficult for the majority at which to succeed, is more than stupid. It is noxiously close minded. The majority of speculators, whether they are investors or daytraders, are not consistently profitable. The number that is consistently profitable is so because they have chosen a method and style that fits and works for them.
*[Ed.: Krazy glue is a trademarked, commercial brand of glue]
-
It seems that there are a lot of people who hate ads. I just don't get that...
-
So great info on buying a car, off or online... be sure to read the comments as well
-
blogs are the most profitable media business today...
-
So many great new web sites are cropping up all over the place! From Social Bookmarking Sites, to Real Estate sites, this list has only the best Web 2.0 Sites available today!
-
(tags: stocks technicalanalysis)
-
Fraser's thoughts on WallStrip, BuzzTracker and a Q&A with Howard Lindzon
-
Tyro explains why he likes trading over a "real" job(tags: trading)
-
I just downloaded the Treo version... all I can say is "wow!"
-
on our Web sites we must give a professional image, in my opinion. Let's do our best to make sure our sites are as free from grammar and spelling errors as possible.
-
A picture my brother took of me last weekend while (foolishly) trying to get a crash course in Linux
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.(tags: stocks)
-
Full of good articles, as usual. (Free subscription required)
-
since a lot of my “work†hours are basically just waiting for opportunities to arise, I have a lot of freedom to multitask. Because of this flexibility, and the fact that I work at home, I can:
-
Top photographer Tom Ang shows you how to get the most out of your digital camera.
-
Roger is the former CEO of Deutsche Bank Advisors and Managing Director at Citigroup
I just noticed a new Tubetorial on the WordPress Subscribe to Comments plugin and it reminded me that I haven't pointed out this new feature of my site. This is right on time too because I'm about to publish another of Michelle's posts which generate so much discussion. If you see a discussion in the comments of any posts on the site you can have any new comments sent to you via email. Simply check the box next to "Notify me of followup comments via e-mail" which is located under the comment entry form.
You cutting edge types can forgo email and subscribe to the comments RSS feed which is located at the bottom of each post:
Edit: On second thought, I need to publish Michelle's latest on Monday, so you'll just have to marinate until then...
The indices are gapping down this morning. Let's see if the weakness lasts more than a millisecond...
On Today's Calendar:
- 9:50 AM -- Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 27, 2006.
-
The stock market's economic value is vastly under-appreciated and popularly reviled. It is common to resent people who profit from stock trades because they didn't have to perform "real work" for it. Passive income from investments is also widely disliked
-
Calabash Musicâ„¢ is the leading global music download service giving you easy access to all the great, but hard-to-find, music from around the world.
-
Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector.
Long night... I'm just waking up. I think I got everything rebuilt on the site. Please let me know if something is missing / broken.
On Today's Calendar:
- 10:00 AM -- Chicago PMI
- 10:00 AM -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Continue reading Watchlist for October 31, 2006.
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Read on for more about how Michelle got started trading, her early trials and tribulations, and why she thinks there are so few female traders.
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a man would be more likely to ride a stock into the ground because pride and ego might get in the way of good judgment. Conversely, a woman is more likely to adhere to her profit taking objectives and exit strategies.
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Ultimately, however, what traders most need is to be observed--in real time--as they trade, with immediate feedback and instruction. That's the training doctors, athletes, and pilots get.(tags: trading)
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I think this si the first Malaysian stock blog I've seen. This internet thing is gonna be big one day...
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Sitting at home trading for the last eight years has been the most boring, isolating experience ever, so I finally broke down...
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Piranha explains how he uses P&F charts(tags: stocks technicalanalysis)
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One problem I have noticed with backtesting trading systems, is that there’s no way to account for the effect that your trades have on the instruments you are trading. I have been noticing that effect more than ever, recently. If you look for it, I bet
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I just finished reading 'Trading in the Zone', and I am not sure what to say. For the most part, I agreed with the author, but I found myself resisting some of the ideas...
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(via Dr. Brett)
I won't bore you all with the details of my continuing web hosting issues but I just want to give you a quick heads up on what's going on. I'm in a mad rush to get moved off of my current host by the end of the month so that I won't have to pay them another $170 for their underpowered server. I tried moving over the weekend but that company couldn't get the server configured properly. I gave up that effort late yesterday and pointed the DNS back to this server. That's why many of you couldn't access the site over the weekend and today. And that's why I couldn't/didn't post this morning.
I'm about to make the move to yet another hosting firm right now. So I'm shutting down all the comments on this server and will open them back up on the new server. Hopefully things will be back to normal by tomorrow morning. If and when you see another post above this one you'll know you're hitting the new server.
Also, I'm taking off sometime Thursday afternoon to head up to Raleigh, N.C. to attend Dr. Tharp's Peak Performance 101 workshop. Dr. Tharp was kind enough to invite me up there and, well, I'm no fool so I took him up on the offer. So there probably won't be any posts between Thursday morning and next Monday.
Michelle B submits:
Daytraders are often criticized by investors. Apparently, daytraders dabble in the risky business of speculation, while investors do not, despite the generally accepted perspective is that anyone buying or selling a stock is speculating.
Daytraders are often described by the investor bunch as being forever glued to their screens, watching every tick. The hours these investing blokes spend poring over fundamental documents like balance sheets, income statements, debt credit ratings, etc., either in paper form or via the dreaded computer screen to which one can become hopelessly glued, evidently does not constitute being stuck on their work. Some of them go on to say that this research is