The Daily Note - It's GOOG, Once Again.

It's really good to know that at least some had/have integrity at Google. I am referring the the story published by Business Insider regarding Sergey Brin, who appearantly threatened to quit because he disagreed with the majority leadership buckling to China's demands of censorship.

I know what Google allowed cost suffering for quite a few dissidents in China even before that 2009 incident. Which is why I wrote my article, "Google On My Mind" back in 2009.

I think integrity is honorable and I applaud Brin for speaking out against China's policy. I'm also not surprised that Eric Schmidt disagreed with Brin, when considering his favored stance and current position in government.

All that information may not have anything to do with Google's immediate woes on the markets but consider that perhaps it does give a picture about where Google is headed. Be it indeed a HAL born or will Brin's legacy keep it from trespassing upon us? A question indeed of integrity and the forever fight between freedom and tyranny. Yes, once again, Google is on my mind.

I will not quit trading them once again, since I have been trading them since and will continue to do so. But what also prompted this story is that I have once again examined their chart, and found that, just perhaps, there is more to the (hi)story as we lay it out on a longer time frame. Which, in this case is a monthly chart. Simply stated, GOOG may indeed have a recovery act hidden up its sleeves in the long run. Take a look at the monthly chart below and compare it to the dailies I've posted on chart.ly.com to get the full picture.

I do not want to get anybody's hopes up because indeed it's a long time frame yet I may not have come upon this outlook had it not been for a question tweeted to me by someone caught on the wrong side of earnings. Reinforcing the philosophy that no question deserves to be ignored, since it will lead one to discover new views ahead.

$GOOG looks on this monthly at a juncture. Breakdown and failure of a reverse/inverse head and shoulder pattern, or it will bounce and continue with a breakout to challenge the previous high. This question makes for the current $527 hold even more crucial for the long run.



Happy Trading, Living and Dancing
Anni

The Daily Pick - $GOOG

©DayTrading with Anni 2011 All Rights Reserved

the Daily Note - Accentuate The Positive

We like to think that we are always upbeat and happy during trading hours but truth is that we are buffeted by winds of change all the time and it's at times difficult to stay "alive", let alone happy.

Optimism needs to be carried forward by positive thoughts and when one is not doing well with trades, the thoughts tend to turn negative if not downright derogatory; which is the worst thinking that you can do for yourself.

While in the depth of negative thoughts, irrational emotions come into play and your view of the trade and the possible outcome becomes blurred with doubt. You may try to find outside assistance and verification but since you are already emotional, you may miss the point of their view totally or, at the least, judge them poorly.

When confronted with doubt, indecision also escalates and obsession in watching the ticks becomes evident. You become more tense, stressed and may be doing those nasty habits that do you harm physically. Holding your breath, clenching your jaw, swearing at yourself or the situation, all tend to increase your blood pressure and decrease your logic. If now, you were to be confronted with the need for survival, you could not be any worse prepared; and make no mistake that, what you are going through is a fight for survival.

So what happened? How did you get to this point? Most likely you ignored or did not set your stops. That is the single and only reason you are in the survival situation. Even the best trading plan can go bad, so, it can only get worse when your stops are not used because if your stops were used, you would be in the next trade already.

The first step for survival is the most difficult but once taken, the rest is just exercise. It's the most difficult because you have to decide that you don't want to die in the spot you are in. When real life survivors made that decision decisively and consciously, the next steps for getting themselves out of the situation, became much more clear and they could actually take the actions to help themselves continue to live. Since the mind has to carry forward the desire, it shifts to thinking in the positive allowing for the actions that assist the survival. Thinking is focused on the possible rather than the impossible allowing for the best choices to be taken, and as actions become successful, serotonin levels increase, optimism returns to perpetuate more positive thoughts and actions.

Thusly, you can asses the situation again with a clear mind and take the proper action for the trade which became a fight for survival. After which, you can further accentuate the positive by always using your stop rule, thereby eliminating the need to fight for survival in the future.



Happy Trading, Living and Dancing
Anni


The Daily Pick - SLV

©DayTrading with Anni 2010 All Rights Reserved

Wordplay I

daily you're reading, writing about .... whatever
you're there looking, finding something .... wherever
millions of words are typed, transmitted to ...whomever

is willing to connect ...whenever
someone is willing to respond ...forever

The Net
by
Anni


Happy Trading, Living and Connecting





The Daily Pick - CBOE

©DayTrading with Anni 2011 All Rights Reserved