You want some words of trading wisdom?
Here it is: Don't believe anything.
That's it.
What? You want to know why?
Well for one, there's no answer to the question: "why?"
There's just "is".
Now, you can believe in "is", right?
No.
Stumped?
Why?
Now, go have a great day! ;)
Happy Trading, Living and Dancing,
Anni
Monday, September 28, 2009
Sunday, September 27, 2009
Week of 09/21/2009 Results & Archive
Results & Targets 09/25/2009:
$APA bounced 90.50 Long $92.20 / $ANR remainder shares $34.50/ $BIDU short target hit $385, 383.14/ $HPQ breakout did not confirm, no entry. I like the 15 min chart for Monday/ $MA Short target hit $210, exceeded to $204.06 all covered at 204.90
Posted 05:00 PT 09/25/09
$BIDU long above $389 to about $391, 395 braking above $396 to about $399-$400 / Short below $387 to about $385, $382, $380 and test $376 area, breaking below to abouve $369 -$352 possible
$APA I like to see it bounce off the $90 area; Short below $89.50 to about $88
HPQ long above $47 to 48-49
Results & Targets 09/24/20009:
$ABT trig $46.30 Long $47/ $ANR Short $35.20/ $BIDU Trig $396 short targets $390, $387, $385, $380 hit & exceeded to 376.30./ $FSLR trig 153 Short $151.50, $147.14 hit/ $MA Short $213.13 low/ $OIH trig $116 short $113.90/ $VNO trig $66 short $63.74/ $WYNN Trig $70 short $68 hit/
@Market Close Kept some $MA, $ANR short
09/24/2009:
No New Calls Made
Results & Targets 09/23/2009:
$ANR 37.20 / $ BCSI from Monday $22.70 / $MA Short $219.14 / $WYNN Long $74.90
@Market Close: Kept some ANR & MA short
Posted 09/23/2009 06:30PT:
$ANR above $40 to about $42. Short below $38 to about $36.70
$BCSI which was Monday's call keeps performing
$BIDU is sideways looking for that next formation. It's tough to call here.
$FSLR long above $158 again to about $162-$163 watch for higher breakout during good conditions
$FCX I like. but needs to break above $75 for potential of $80 in the long run, very tight range in past few days
$MA same call as yesterday.. didn't move much
I love WYNN' s chart but market has to cooperate
$WYNN above $74 to about $76-77 Short below 70 to about $68
Sorry, I've been up all night writing.. will post a few picks later 7/23/09
Results & Targets 09/22/2009:
$AIG Long premkt $54.20 / $BIDU Short $395 / $FSLR Long $163 / $OIH Long $120.50 / $TDS Long $31.60 /$VNO Long $69.48
Posted 09/22/2009 03:55 PT:
$AIG Long to $49-$50, $52, $55 Short below Short below $43 to about $40
$BIDU Long above $401, $401.50 to about $404, $407, $409. Short below $396 to about $394, $391, $389 breaking lower to $385, $380 areas
$ELOS Long to near $13 watch for reversal as it's getting heady. Short below $11.50 to about 10.75
$FSLR Long to about $159 then break above signals to about $163. Short below 151.50 to about $143
$MA abouve $226 to about $229, Short below Short below $221 to about $219, $217, $215and as low as $210
$TDS continue to about $32 swing from yesterday
$VNO Short below $66 to about $63 Long above $68 to about $70 area then on break out to near $75
Results & Targets 09/21/2009:
$BCSI $20.75 $ABT 46.52 $BIDU Short $390 $TDS $31.16
Posted 09/21/2009 04:04 PT:
$ABT Long above $46 to about $47.50
$BCSI Long above $19.25 to about $20- 21 Short below $18 to about $17.50
$BIDU Short below $396 to about $390 the to about 387, $385, $382 A sever pullback could take us to $352 area (See last Friday chart & Comments)
$FSLR Long above $157.10 to about $160-$161 Short below $153 to about $147
$MA Long above $223 to about $225, breaking above $226 look for $231 possibility, swing. Short below $221 to about $219, $217, $215 and as low as $210 (see last Friday chart & commnets)
$MCD Long above $57.20 to about $58.20, $59
$OIH Long above $120-121 breaking higher above to about $124-$125 Short below $116 to about $112
$TDS Long to $31-$32 Short below $29.50 to about $28.60
$APA bounced 90.50 Long $92.20 / $ANR remainder shares $34.50/ $BIDU short target hit $385, 383.14/ $HPQ breakout did not confirm, no entry. I like the 15 min chart for Monday/ $MA Short target hit $210, exceeded to $204.06 all covered at 204.90
Posted 05:00 PT 09/25/09
$BIDU long above $389 to about $391, 395 braking above $396 to about $399-$400 / Short below $387 to about $385, $382, $380 and test $376 area, breaking below to abouve $369 -$352 possible
$APA I like to see it bounce off the $90 area; Short below $89.50 to about $88
HPQ long above $47 to 48-49
Results & Targets 09/24/20009:
$ABT trig $46.30 Long $47/ $ANR Short $35.20/ $BIDU Trig $396 short targets $390, $387, $385, $380 hit & exceeded to 376.30./ $FSLR trig 153 Short $151.50, $147.14 hit/ $MA Short $213.13 low/ $OIH trig $116 short $113.90/ $VNO trig $66 short $63.74/ $WYNN Trig $70 short $68 hit/
@Market Close Kept some $MA, $ANR short
09/24/2009:
No New Calls Made
Results & Targets 09/23/2009:
$ANR 37.20 / $ BCSI from Monday $22.70 / $MA Short $219.14 / $WYNN Long $74.90
@Market Close: Kept some ANR & MA short
Posted 09/23/2009 06:30PT:
$ANR above $40 to about $42. Short below $38 to about $36.70
$BCSI which was Monday's call keeps performing
$BIDU is sideways looking for that next formation. It's tough to call here.
$FSLR long above $158 again to about $162-$163 watch for higher breakout during good conditions
$FCX I like. but needs to break above $75 for potential of $80 in the long run, very tight range in past few days
$MA same call as yesterday.. didn't move much
I love WYNN' s chart but market has to cooperate
$WYNN above $74 to about $76-77 Short below 70 to about $68
Sorry, I've been up all night writing.. will post a few picks later 7/23/09
Results & Targets 09/22/2009:
$AIG Long premkt $54.20 / $BIDU Short $395 / $FSLR Long $163 / $OIH Long $120.50 / $TDS Long $31.60 /$VNO Long $69.48
Posted 09/22/2009 03:55 PT:
$AIG Long to $49-$50, $52, $55 Short below Short below $43 to about $40
$BIDU Long above $401, $401.50 to about $404, $407, $409. Short below $396 to about $394, $391, $389 breaking lower to $385, $380 areas
$ELOS Long to near $13 watch for reversal as it's getting heady. Short below $11.50 to about 10.75
$FSLR Long to about $159 then break above signals to about $163. Short below 151.50 to about $143
$MA abouve $226 to about $229, Short below Short below $221 to about $219, $217, $215and as low as $210
$TDS continue to about $32 swing from yesterday
$VNO Short below $66 to about $63 Long above $68 to about $70 area then on break out to near $75
Results & Targets 09/21/2009:
$BCSI $20.75 $ABT 46.52 $BIDU Short $390 $TDS $31.16
Posted 09/21/2009 04:04 PT:
$ABT Long above $46 to about $47.50
$BCSI Long above $19.25 to about $20- 21 Short below $18 to about $17.50
$BIDU Short below $396 to about $390 the to about 387, $385, $382 A sever pullback could take us to $352 area (See last Friday chart & Comments)
$FSLR Long above $157.10 to about $160-$161 Short below $153 to about $147
$MA Long above $223 to about $225, breaking above $226 look for $231 possibility, swing. Short below $221 to about $219, $217, $215 and as low as $210 (see last Friday chart & commnets)
$MCD Long above $57.20 to about $58.20, $59
$OIH Long above $120-121 breaking higher above to about $124-$125 Short below $116 to about $112
$TDS Long to $31-$32 Short below $29.50 to about $28.60
Friday, September 25, 2009
It's a Dance, Not a Marriage: Part II
Preamble.
I don't make it a secret that I love music and I love to dance or that I often use musical rhythms to help me tune to the market and sometimes dance steps to illustrate how life and trading are always in cycle with each other. As I was watching Dancing with the Stars the other evening, I was reminded of an article I wrote almost two years ago. One that I feel appropriate for the current "behavior" of the markets, as we are in some type of consolidation or a shift perhaps. Only time will tell which way the market will turn, and as ever, we need to remind ourselves that trades are not fixed in the stars nor etched in stone.
Act I.
How about a dance? When the offer is accepted we join others on the dance floor and depending on the music, we twist, turn, step, skip, twirl, shimmy, and do what's necessary for our enjoyment and successful execution of the dance.
Dancing is individual and yet it's also a commitment to the partner we accept temporarily. It lasts maybe five minutes or so. It's a flirtation, a possibility but not a lifetime contract and we know it for when the music stops and dance is over we look for another partner for the next dance. Or at least some do; for some think that one "yes" means they got you as a partner for the entire evening if not a lifetime.
Act II.
How about a trade? When the offer is accepted, we join others on the trading floor and depending on the momentum, we swing up or down, turn, elate, tremble as we watch the ticks and the charts and do what's necessary for the successful execution of the trade.
Trading is individual and yet it's also an investment in the company we chose temporarily. It may last a few seconds, several minutes, all day or even a few days but it's not a long term investment that some traders create by clinging to one despite the turning of the tides. Turning a trade into a marriage can be hazardous to your wealth.
Finale.
Look again at both questions above and imagine yourself looking at a potential dance partner and a potential trade partner. Are you looking at your potential partner subjectively or objectively? In other words do you focus on the look, or the dance; the company or the trade? The best trades are when we remember it's only a dance; a temporary flirtation that, when executed perfectly, can be very rewarding.
Happy Trading, Living and Dancing
Anni
I don't make it a secret that I love music and I love to dance or that I often use musical rhythms to help me tune to the market and sometimes dance steps to illustrate how life and trading are always in cycle with each other. As I was watching Dancing with the Stars the other evening, I was reminded of an article I wrote almost two years ago. One that I feel appropriate for the current "behavior" of the markets, as we are in some type of consolidation or a shift perhaps. Only time will tell which way the market will turn, and as ever, we need to remind ourselves that trades are not fixed in the stars nor etched in stone.
Act I.
How about a dance? When the offer is accepted we join others on the dance floor and depending on the music, we twist, turn, step, skip, twirl, shimmy, and do what's necessary for our enjoyment and successful execution of the dance.
Dancing is individual and yet it's also a commitment to the partner we accept temporarily. It lasts maybe five minutes or so. It's a flirtation, a possibility but not a lifetime contract and we know it for when the music stops and dance is over we look for another partner for the next dance. Or at least some do; for some think that one "yes" means they got you as a partner for the entire evening if not a lifetime.
Act II.
How about a trade? When the offer is accepted, we join others on the trading floor and depending on the momentum, we swing up or down, turn, elate, tremble as we watch the ticks and the charts and do what's necessary for the successful execution of the trade.
Trading is individual and yet it's also an investment in the company we chose temporarily. It may last a few seconds, several minutes, all day or even a few days but it's not a long term investment that some traders create by clinging to one despite the turning of the tides. Turning a trade into a marriage can be hazardous to your wealth.
Finale.
Look again at both questions above and imagine yourself looking at a potential dance partner and a potential trade partner. Are you looking at your potential partner subjectively or objectively? In other words do you focus on the look, or the dance; the company or the trade? The best trades are when we remember it's only a dance; a temporary flirtation that, when executed perfectly, can be very rewarding.
Happy Trading, Living and Dancing
Anni
Subscribe to:
Posts (Atom)