Category Archives: Uncategorized

Trading is Spiritual

Posted on by

The more time I spend trading the more I realize my spiritual weakness. For instance trading with a focus of making a given amount of money in a given amount of time is exhausting. It is when I focus on the rules and execution that I find success. Here is how it works:
1. Get into a trade based on the set up.
2. Set your stops, targets and scale outs.
3. The trade starts to fluctuate (as they do most of the time)
4. You say to yourself maybe this trade is different.

YOU ARE TOAST!!

more to come…..

Link

Boy with massive tumor evacuated by US from tough Mexican city

This is a break from my normal comments. This is an article where our church is involved with helping a little boy from Mexico have a life. Please pray for Jose and his family. I wish I could share the entire story. It is amazing how this all came about. GOD is REALLY GOOD!

U.S.A. Healthy Nation ??

Posted on by

We are really a young country in the grand scheme of things. I just did some research and learned that americans are not ranked very high for life expectancy http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy . We spend the most money on healthcare http://en.wikipedia.org/wiki/List_of_countries_by_total_health_expenditure_(PPP)_per_capita . There is something wrong here. Notice Japan who has the longest life expectancy. They spend half of what we do on healthcare. This is how Japan’s healthcare works http://en.wikipedia.org/wiki/Health_care_system_in_Japan . WE HAVE A LONG WAY TO GO!!

Supreme Court Decision Obamacare

Posted on by

I believe this is going to move the market dramatically today. I feel that the decision is going to be against Obama which is going to benefit the republicans going into this election. We are still in an uptrend and are tracking technically pretty well. So let’s see how it goes.

Broken Channel Uptrend Still On

Posted on by

Today was an amazing day for day trading. We are tightening up our stops on the swing trades. Expecting price to go up for a few days. Fridays can be weird though. The bearish engulfing pattern is sometimes followed by a move back to 50% of the candle. So we are looking for the price to move up a bit from here. After this we are not sure, probably consolidation. Really we are never sure. We just look at the probabilities. Closed half of our position on DOW today for a nice gain.

FOMC Here We Go

Posted on by

All of the talking heads are talking and talking about the FOMC. This is an important meeting for the market. Bernanke in February was pretty accurate in his assessment http://www.federalreserve.gov/newsevents/testimony/bernanke20120229a.htm . I am thinking the FOMC announcement is going to be pretty neutral. No QE3 with a TWIST. The market I believe has QE3 built in which is a mistake. It will be interesting to see the impact today. Stay tuned.