ICED OUT.
I need ideas for more educational posts. Let me know.
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Haha kickass
Whatever you come up with I am positive it will be good. Your educational posts have helped me out so much. I especially like the Farming one. Its changed the way I trade since I read it.
Thanks for all you do to help us newbies out CA
You probably are leaning to the more TA side of things, but I’d also be interested in things like: your trading day routine; any kind of journaling or post-trade analysis, record-keeping; what your metrics for defining trading “success” are; how much attention you pay to macro situation and/or mainstream financial news, and whether or not that influences your trading in any way. Did you ever discuss your stylistic differences between swing and day trading, and how they differ in terms of methodology? I think you kinda did.
I was amazed to see one of your old posts stating that you didn’t subscribe to any paid charting services or platforms? Still true? Find it hard to believe that someone at your level can get away without an advanced charting program, but then again, that would seem totally consistent with your KISS approach.
Actually, though, your intro TA series was very thorough and solid. I think you’re living proof that the rest of us just make things way more complicated than they need to be. So hard to accept. Just basic methodology and a lot of hard work. Your own example reminds me a little of the Turtle Traders – not in terms of method, but in principle. You must pound your head in frustration trying to convey this to people like me. Your niece mocks us.
I would be interested in learning more about how the opposite of what’s on CNBC, Cramer, and in the news is what makes you money. How to stray more from the public, but not be so outlandish as to blatantly try to lose money. Is it possible to find a trader who is wrong so often, possibly the worst investor ever, that you can trade the opposite of them and always make money. More on theory is what I’m trying to say I guess.
For example, the best time to buy in the last 4 months was when the market looked like it couldn’t go up for the next 5 yrs. Then we had a 2000 point run on the Dow.
Also I’d like to know more about range trading FAS/FAZ for quick profits as they both seem to have 5-10% swings on the reg. If for the last month you bought FAZ every time it hit 4.75 or FAS every time it hit 8.5 and just had the patience to watch them for 2-5 days you would made a killing. In a tight-ranged market they almost always just slide up and down 10%. I believe if I were to buy FAZ at 4.9 or less every time it gets there for the next 2 weeks and ONLY sell for a min 5% profit, I could make a quick and easy few g’s besides my normal investing. Would you say I’m fucked in the head for suggesting this?
CA,
What kind of interday scans are you running?
What is the most reliable chart set up and show and example?
Go over you pre open homework.
Do you set up Stop limit buys or Stop loss buys above a break out price?
How do you find stocks with the most market orders pre set at the open?
What sectors are in play for next week? Bio, Oil, Silver and Shipping were hot this week….. I will run a scan 4 day new lows and sort by sector…
looks like BANKS- West and South also a few airlines
also a few to watch EVII and PZE
That’s pretty funny. If I was a retarded cartoon, I’d be him.
Ok, I’m going to do a Q&A for this week’s educational post and answer as many of them as I can before I get sick and tired of it.
My question is actually not so much related to trading but how you manage your information intake. I see you have this huge blogroll but I’m curious how you prioritize and manage the amount of data you have to churn through.
More of a librarian type of question but I think it’s important so that the forest and the bark don’t get confused.
trend relativity = which time frame is in control vs. others offering contra/confirming moves.
ie. spy trending daily up but weekly bear flagging into resistence. when and if you switch to a higher time frame for a possible trend change vs. staying w/ trending time frame that is working.
OK, how do you spot a FEED, CAR, DDRX in its early stages and how can you tell if its gonna go from sub $1 to +5 …
And in that vein; iyo, could ATSG have the legs to get over $5.00 ?
Targets. I understand the chart formations you look for pretty well and I understand measured moves from things like bull flags but there are other measures I think you’re using that I am not familiar with.
The other thing that might be good is your timing on the buy. Specifically, what you are looking for in the MAs. Is it the 14/20 day cross over or…what?
Thanks for all you do. You are a class act in every respect.
Setting stops or deciding when to get out of a position.
CA, Here’s one: How do you keep from blowing up when your YTD% is up about 150% (or whatever it is today). Were you just born with a very well balanced personality, or did you learn/develop specific techniques to keep the edge very sharp? Thanks.
-any bellweather stocks you watch re market direction during the day
-different approaches/strategies for hedging our long positions
-more education about the strength or weakness of US dollar– what to keep an
eye on–strategic response if the dollar should suddenly crash at some point
-any and all things china–what you’re watching re strength of their upswings–
can they or other emerging markets really “decouple” from US markets-
how would we know if they were decoupling
-range of strategies for positioning our portfolios for potential of hyperinflation
-plus and minus of using certain commonly used etfs
thanks CA
Good suggestions above.
I’d like to see additional post-mortems (poor choice of words?) on your individual trades–what specific circumstances you saw in your screens that made you enter the trade, etc.
Good stuff, as always. I’m learning a lot. Thank you.
Great suggestions above! CA, You are a first class, selfless human-being willing to open-up and extend your trading knowledge and experience to traders. No joke!! Your DNA must be a heart of gold. Most traders at your level could charge a high fee for what you know.(Thanks for keeping REAL LIFE trader relationships alive and not stifle those relationships with high price service fees for “members only”.) What a first class act to request ideas for education posts. WOW!! Trading is my part-time job that subsidizies my full-time job I have to support my wonderful family. You are literally assisting my family with paying basic bills such as mortgage, power, car note, etc. I and my family (great wife and three kids) thank you. I look forward reading and studying your next posts. God Bless You, CA
Ok no more. That’s it for questions.
wb – I’ll attempt to explain trades as I go along next week.
Nergo – you’re welcome.