August 2010

Oh, shoot! and “Aaaragh!

August 31, 2010

I could have rebooted, checked my firewall, scanned for conflicts with the other software that was running, ran around yelling things like, “Oh, shoot!” and “Aaaragh!”. I could have and I did. And in the end…

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Seven is a Lucky Number. September, Not So Much | China Choking?

August 31, 2010

Now we have to add Wall Street: Money Never Sleeps, previous stock market history, and those now famous words by our fearless leader, “We are heading in the right direction”, and what do we get? Suspense! That’s what!

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Quick Update – 8/30/10

August 30, 2010

Here’s a quick update to today’s trading. Just an FYI.

I started today by watching the futures, which were up greatly over the weekend. When pre-market trading opened I was surprised to see that this was no longer the case. Since not everyone gets the news at the same time I suspected that the market could go up before coming back down. I watched using a 5-minute chart. My technical indicators showed me the proper entry time and they will also point the time out, which hasn’t happened yet. Below is the trade I entered.

587 08/30/10 10:14 AM BTO 100918P45 QQQQ SEPT PUT 45 200 $1.42 ($28,400.00) ($250.00) ($28,650.00) $294,477.50 14723.88%

Update: 3:10pm I decided, against my general trade rules to keep this trade on until tomorrow morning. Based on a daily chart my trade should be good until the market opens tomorrow. The put was worth $1.80 at the close which amounted to a 24%+ gain.

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21st Century Enlightenment via RSAnimate

August 30, 2010

Below is an interesting video about enlightenment 21st Century style. I don’t necessarily agree with all the premises exposed in the video but “it will make you think”.

httpv://www.youtube.com/watch?v=AC7ANGMy0yo

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Quick Update – 8/26/10

August 26, 2010

Just a quick note about today’s trading.

I put a trade on just before the 11 o’clock hour and bailed at 3:00pm (ET). Managed a good profit even if I wasn’t in the morning rush. Since I bailed I noticed a marked effort to have the Dow ($DJI) close above the 10k level. It may or may not happen but I got out at the right time and I’ll give credit to a 5 minute chart and momentum for the pointer.

Below is the trade start to finish from the TTAM Trade Book. (second trade since 8/20/10)

583 08/26/10 10:55 AM BTO 100918P45 QQQQ SEPT PUT 45 200 $1.62 ($32,400.00) ($250.00) ($32,650.00) $274,077.50 13703.88%

584 08/26/10 3:00 PM STC 100918P45 QQQQ SEPT PUT 45 200 $1.95 $39,000.00 ($250.00) $38,750.00 $6,100.00 18.81% $312,827.50 15641.38%

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Getting Off The Grid|Personalized Energy Systems

August 24, 2010

“Our goal is to make each home its own power station,”

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Money In The Middle

August 24, 2010

“Money in the middle” is a phrase that doesn’t quite explain itself. It is a range and an indicator.

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TRIX Indicator – A Financial Widgets Mainstay

August 20, 2010

The video below will help you understand a technical indicator that I employ on every trade I’ve ever done in the Trading To A Million (TTAM) portfolio. Indicators tend to be rotated through one’s trading style. Either because everyone starts using the same indicators and they become ineffective, or a indicator is best applied to a specific timeframe that doesn’t match the timeframe someone is currently trading. That was a mouthful.

There are a few indicators that I’ve found to be useful for any type of trading and for any timeframe. This is one of those indicators. If you only could learn one indicator between now and Monday morning trading this should be it.

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Quick Trade Note – August 20, 2010 | Follow-along

August 20, 2010

Just a quick trade note:
QQQQ100821P46@1.25@9:57.

QQQQ100821P46@1.15@10:03.

QQQQ100821P46@1.25@10:09.

QQQQ100821P46@1.25@10:11. (Buy)

QQQQ100821P46@1.40@11:37.

QQQQ100821P46@1.37@12:22. (Sell)

My charts are not telling me to sell but I have other things that I must accomplish and this portfolio is not automated. I’m selling and going about my other business.

QQQQ100821P46@1.34@12:25 – My charts just pushed this trade into the sell category and tells me to buy the other side.

Just a Follow-along.

Additional Notes and Edits in yellow.

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