Daily Movitator

Great post on the power of positive thought from the link I have on the right side of this page. I like Ralphs writing style and the points he puts across.

Adopt this mindset in your everyday moments and it will change your life for the better. Problems become opportunities and a source of learning. Accomplishments are celebrated. Believe in yourself, hard.

Friday, August 27, 2010

Imagine intensely

Imagine yourself filled with energy and enthusiasm. The more vividly you imagine it, the more real that energy and enthusiasm become.

See yourself working with purpose, focus and discipline. Imagine yourself being positive, decisive, and eager to take whatever action is necessary.

Imagine yourself being the person you've always wanted to be. Imagine, in rich and glorious detail, living the life you've always dreamed of living.

Imagine a positive and fulfilling image of yourself, doing what you know is right for you, giving your very best to life. Imagine living each day with positive purpose, love, compassion and effectiveness.

Imagine yourself surrounded by beauty, experiencing true joy and fulfillment. Imagine yourself always finding a way to make a valuable contribution to each and every moment.

Imagine yourself at your absolute best, and hold that image firmly in your mind, day after day and moment by moment. Imagine intensely and persistently, and you will make it be.

-- Ralph Marston

Read more:http://greatday.com/motivate/index.html#ixzz0xmZfL735

ARST

Playing the probabilities

ARST short

ARST cover

ARST

bot and sold ARST rocketship

its shortable too....

AAPL

AAPL short was a straight breakdown play

AAPL entry

AAPL cover

BTU

Same story on BTU, got stopped out for a small loss then waited to short again as the pop exhausts itself and the true trend shows up again.

low volume on pop suggested it wasn't the buyers who were control

BTU short

BTU cover, taking profits

SNDK short

After getting stopped out for a small loss when it reversed higher, I waited for a pop to short it.

SNDK short

added size.

sat on my hands.

now covered, taking profits

15 minute doji on SNDK tells me its probably through its big move today.

it's also on its 200 day EMA.

classic exit signal if you are paying attention instead of watching CNBC

The fake out.

A reoccurring theme here is to buy green candles and short red candles especially when they are making new highs or lows. But after a while you get be pretty good at spotting the false moves. This chart presents the case.

At the time (and I had been watching and waiting) the candles happened I thought it smacked of desperation. A move that had all the hallways of a genuine move with a big candle and lots of volume. The thing was, it was in the wrong direction to the general sentiment of the markets which is down. This is the thing to key in on. And although I can't tell you why because I don't know myself, it just screamed "short opportunity" to me. It just seemed obvious.

Chart is PCLN swing short entry. PCLN quickly moved lower and stop was never threatened.Its $12+ lower today. PCLN is an internet travel company with a $300 stock. The words irrational exuberance come to mind. Anything can happen but I am betting it goes lower. If I get stopped out I would be looking for another good entry point to short it as I think discretionary travel #s will drop.

I remember a few years ago when CROX shares were not far off twice as expensive as GE. Yeah, plastic shoes, thats it. The future economic engine. I'll trade the hype with the best of them but eventually reality set in and I want to short it.

Musings

If BHP really want POT why don't they take control of the two railroads CP, CNI up here that move the product? When your production location is in the middle of nowhere, the transportation options are limited.

Just a thought.

Swing Trading

First off let me say that I am not an expert in swing trading so take whats contained in this post from that point of view.

Exactly opposite from day trading where there is no expectations of where it's going to go, I have to have some conviction when it comes to swing trading.

Basically I think the markets are going to get pummeled in the worst(best) way and we'll be back to fall '08 style declines. Well, I can hope can't I. That was such a glorious time to trade.

With that in mind, I placed some bets earlier this month in SRS, SKF , TZA the inverse ETFs. All have tremendous upside potential in times of crisis(or reality).

They are all showing me a profit and that my thesis is correct, at least for now. Anything can happen and the Fed has all sorts of trickery to keep the market up but I believe market downward pressure will not be stopped until a true bottom is reached. Way down there. I have no time frame for that or price targets.

Chart shows SRS swing long entry August 2.

Not dead yet

Guys, Thanks for the flowers but I'm not dead yet, just slowing down on posting the mundane. When I have something worthwhile I'll post it.

I think I've about run out of things to say and posting the same TNA trades over and over is boring.

I started this blog for me and if it has turned into something else that benefited you then I'm happy to have helped you, but I don't care if people visit this site or not. I've never had links to bring in traffic or allowed myself to be prostituted by advertisements. If you find this approach refreshing, then follow my lead and start something similar.

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I'm still not interested in being involved in your hedge fund. You are sort of the enemy.

However I will be interested in watching your movie about the daytrader who becomes a bankrobber to feed his losing habit.

** Had to change the blog template as there was too many glitches with the old one 8/21/10