Relay for Life 2008

Dear blog readers, I almost never post anything NOT stock market related on this blog but once a year, I allow myself this one, to support our local efforts at the Relay For Life organized by the American Cancer Society. Because we truly believe we can make a...

Contemplating long TYC

Contemplating long action on TYC. It formed a nice base in early Feb, which is a trend qualifier and the ADX/DMI is indicating an uptrend getting stronger. In an ideal world, volume would pickup (it is right now too low to support the move, lower than the late January...

Pre-market 3/4/08

Futures are down this morning which means the downtrend from last week will now fully resume after the short break yesterday. Considering what happened yesterday, I will still keep an eye for the bulls to try and bounce it back by 10:15am-10:30am. Either way it will...

CEF another good “dip trip”

My trades are not always good, far from it. I am still a serious student when it comes to the market. But sometimes I get success, not only because I made money on the trades but because I followed my plan and it paid off. Sometimes, I get very happy getting stopped...

Stops too wide and target too high

I don’t know if it’s worsened by the current market conditions and the really high volatility but I really feel like my stops are way too wide and my targets are too high. Look at this chart of a “successful” KTC trade(1), I noticed my stop...