iBankCoin

Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Quote of the Morning

chessNwine Wed Oct 22, 2014 11:41am EST 6 Comments

Here is a great quote applicable to trading. This comes via ChessQuote (@chess_chat) on Twitter, one my favorite follows:

“During a chess tournament a master must envisage himself as a cross between an ascetic monk and a beast of prey.” – Alexander Alekhine

To be sure, with the market grinding up like this, and a bit of chop, I am in ascetic monk mode more than beast of prey mode for now.

But that can change quickly…

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter

6 comments

  1. UndeadBear
    UndeadBear
    October 22, 2014 at 11:51 am

    On a side not, never been much a fan of the Alekhine’s Defense, but hey, might be a perfect analogy right now for the bulls playing a “4 pawns attack” across the indices on this bounce

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Danny1980
    Danny1980
    October 22, 2014 at 11:55 am

    Chess would you add a hedge here I have quite a few long positions? I’m looking for weakness but haven’t really spotted any so far in the indices

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Danny1980
    Danny1980
    October 22, 2014 at 12:04 pm

    I’m watching but so far they are holding up well. No signs of weakness.

    SFS
    VSLR
    XNET
    TRUE
    ZU

    I’ll throw on some TZA and maybe some VXX calls if we do fade a bit. What a learning process

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Billy Cutting
    Billy Cutting
    October 22, 2014 at 12:09 pm

    http://pakchess.org/wp-content/uploads/2011/05/Bobby_Fischer_Boris.jpg

    Love that pic

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy