Lesson 3 of Dojo Wisdom is inspired by Buddhists teachings who remind us to always keep a beginner’s mind because a beginner’s mind is more open and generally more accepting. Whether we apply this to accounting, martial arts, child care or trading is up to us. Everybody is always rushing to become “masters” for the…
I know my posting has been inconsistent but such is life. Some weeks trading and blogging take a lot of my focus and others, well not as much. This time I was brewing something new I meant to start some time ago. A new series of posts categorized ‘Black Belt Trading’. For those who do…
This morning, Wallstrip covers Limited Brands Inc. (LTD), parent of Victoria’s Secret, Bath & Body Works and Express Stores. We look at the weekly and daily charts and to see where we stand.
Wallstrip looks at WIT and so are we. WIT is an India based IT provider. Founded in 1945, it now has about 53,700 employees and has a slightly over 24B of market cap. WIT has been trending up pretty steadily since the bottom at 3.05 in May of 2003. Trading at a comfortable 16.83, WIT…
I do not own SAM nor will I get in at this point but if I was, I would short SAM below yestersday’s low of 34.28. I know I am a day behind Wallstrip here but I guess recovering from the holidays has been harder than I thought. And please watch the Wallstrip Show on…
I realize my last post was quite a while ago and I probably lost quite a few readers but I guess I will have to live with that. I have been incredibly swamped by work, making trading part-time a real challenge. I have been trying to stay on top of the game still but I…
Here is what I learned going over my TSN trade from earlier this month: Keep your horizon to a size you can manage and try not lose track of current setups Do not completely discard an idea because you have to get out now protect your assets. Hit the sidelines but keep watching.
Well it has been a very very bad month and I am getting badly beaten up by the market. I am taking a breather for the rest of the week (today and tomorrow) to try and start fresh on Monday. I am learning a thing or two about my system though: I have lost over…
Today Wallstrip looks at CROX, the makers of the ugly rubber/foam shoes. Like others before, CROX is obviously a fad. That does not mean the growth on the price is not real it just means to be really careful and watch for reversal on the trend. This price could be very sensitive to any form…
Today’s show on Wallstrip was on AEOS or American Eagle Outfitter. You can visit Wallstrip Conversations for more discussions. I LOVED the comment about AEOS being like Abercrombie (ANF) for poor people. I wanted to post this so much earlier but work got in the way and I had to keep my priorities straight. So…
