Patience

Patience And The 30 Minute Time Frame – November 12, 2009

November 12, 2009

Not much profit but I used the same chart to buy a put, the $45 put this time for a much better delta.

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Patience And The 30 Minute Time Frame – November 11, 2009

November 11, 2009

As a technician and with a desire to trade a longer timeframe I noted that the first natural downside 30-min entry point in more than a week has just materialized.  If you wait for the confirmation then 2:00 Eastern time will be it.

Just a note to those watching the market.

Patrick

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Trading Like A Hitchhiker

September 18, 2009

Many years ago I had a chance to travel from Hamburg, Germany to Flensburg, Germany along the Autobahn. I did it with 4 other students carrying 5 people’s luggage in a VW Bug. It seemed to take about 10 hours. The person that owned the 5th set of luggage had to work and didn’t start the trip until 4 hours later. He hitchhiked his way up. By choosing his vehicles right, a Ferrari and a Porsche, he got to Flensburg 2 hours ahead of the rest of us.

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