Posted by admin | Posted in Uncategorized | Posted on 14-11-2008
This is so funny! It’s a few videos strung together before the housing crisis hit (or any of the others crisis’) and ALL of the “experts” except one (Peter Schiff) are saying how there’s no problem, the economy is stronger than ever, subprime is a blip, yada, yada, yada… I’ve always known that most analysts on TV don’t really know what they’re talking about and this is perfect example of that. I do love it though when I get a chance to see traders speaking on TV like anyone from thinkorswim, or Price Headley or anyone else like that but most of these talking heads really are clueless.
But, after watching this I’m definitely adding Peter Schiff to my list of people to trust.
Posted by admin | Posted in Uncategorized | Posted on 26-10-2008
Options University is starting a new 6 month class about managing positions by rolling and morphing. I finally got around to watching the preview webinar and was REALLY impressed. Great stuff especially for a free webinar with lots meaty material.
Don’t know how long they’ll leave it up since the classes are starting soon so if you want to watch it do it soon.
Posted by admin | Posted in Uncategorized | Posted on 13-10-2008
I’ve been looking into how the move to Wordpress would be for several months and have put it off this long because it’s such a pain. EVERYTHING is manual and you lose pagerank in the process! I was hoping that something would change by the time I had to do it but no, it’s all still the same pain in the ass it was when I planned on doing it a few months ago. But, now time has run out and if I don’t get off of Typepad they’ll bill be for another year.
So, blog will likely be down for most of the day but hopefully back up by tomorrow morning — or later tonight.
Word of advice: if you’re even thinking of starting a blog just go right to Wordpress — either Wordpress.com or a self-hosted version so you don’t have a major project on your hands later if you decide you want to move it which there’s a very good chance you will since alot of people want more control and better SEO after awhile.
Update:
The move is now done but there’s still some funkyness I’m working on but plus need to add all the plugins a few pages, and might just change the theme… not sure about this one..
Posted by admin | Posted in Uncategorized | Posted on 02-10-2008
Apologies for disappearing for the last several months. Some pretty significant things have been happening since my last post and I’m not even talking about the credit crunch, debt collapse, and general market craziness.
Got laid off in February (along with 1,000 other people at large internet search company..)
Took a 2 month consulting job that turned into a 4 month consulting job
Joined a forex coaching group — LOVE forex trading and looking forward to trading options on forex.
What’s Next?
Regarding trading? I’m looking for opportunities to trade puts. Think there’s still more pain to come so want to be on the right side of that. Will post more often as I work with long puts and put spreads
I’ll be moving this blog to Wordpress this weekend. It’s on Typepad now. My subscription is up and Typepad just isn’t meeting my needs anymore. Everything should go smoothly but would appreciate any good thoughts you can send my way…
Posted by admin | Posted in Uncategorized | Posted on 12-10-2007
Counter Intuition for the beginning trader:
When a stock is hot, people want to buy and when it falls everyone thinks it’s done and want out. But, with a good understanding of how to read a chart, it’s actually exactly the opposite:
Oversold –> buy Overbought –> sell
Riding the momentum of a trade is also good. But, technical indicators such as stochastics work by giving signals about how overbought or oversold a stock is.
