Sunday, August 29, 2010

Face your fears

To clear your mind of the fears you have picked up from the world around you, you will need to go back to a simpler time of your life when you had none and examine the source. When we were younger and carefree we didn't have many fears at all. Over time other peoples fears were instilled in you rightly or wrongly. You can work through your fears so that they are now longer affect you and become the person you want to be.
Anything that is holding you back is a boundary like a prison fence, a barrier to you becoming all what your dreams can imagine. Facing these fears down can produce a quantum leap in you as a person. Confidence, freedom, excellence.
Fears are future projections of something that might happen. Might. Is it ever so bad as you imagined when it does happen? Not usually. Our puny minds amplify and give us negative feedback that tricks us into not living our life as we should and this is not a way to go through life. You have to keep running towards these fear barriers and burst into the limitless expanse of possibilities of your life. You can choose how to live your life and seeing as it is the only one you're got, it makes sense to live it in a way that makes you happy. One of the greatest regrets a person can ever have is getting to the end of their life and realizing they did not follow their dreams or take the golden opportunity. Don't be a timid soul, don't have a failure to try something that scares you. This is where the essence of life comes from. These moments are where you as a person can grow, learn and can feel truly happy.
The picture here is one of my favourites from this past season. It shows me in perfect form about to drop into a fucking seriously steep section. It's not one of those "you fall, you die" chutes but it has to be a sustained 65 degree angle. The effort to ski 2 hours into here, camp out overnight, and kick steps up the steep face are all like they never even happened they are so far buried by the 100% focus I feel in these moments. This is living for me. I never feel more alive than at times like this. Senses are heightened yet in the background. Total joy is the outcome. Sublime.
In trading the common fears of losing money and being wrong can be conquered by using the same techniques. Question what you want to do, what things you will no longer tolerate and what standards of excellence you will hold yourself to, on a go forward basis. Staying with your plan and staying true to yourself even if it means not trading and simply observing the markets until you absorb the necessary skills will get you there. The markets are a limitless space filled with unlimited opportunities. Prepare yourself to operate without boundaries. When you have the attitude and calmness that fears are nothing really but wisps of misguided imagination, the courage to overcome can be easily found. Mark Twain said- "Courage is not the absence of fear. It is acting in spite of it.

Friday, August 27, 2010

Observations from yesterday in QQQQ


Yesterday was a nice down day for the markets and provided good action for short sellers.
The QQQQ trend to me was quite obvious...down. When you see candles like this they provide great opportunities to initiate new shorts or add size to current positions.
If you are wrong and get stopped out, the losses will be small. If you are right , your position is never threatened and you have a jump on the herd.

Later in the day you can see what happened to the QQQQ. The trend continued down.
2nd yellow line marked big volume coming in which is another place to add size as it moves under mid day support.
Use this data from the overall markets in concert to show you the way to trade indivdual stocks.

PCLN bounce

and after covering I bot what turned out to be a nice bounce.
sold now.
presently waiting.

PCLN



Woke up early this morning and covered PCLN after a week.
1st chart is the entry which I posted on Tuesday "The fake out"
Basically waiting for an pop opportunity to gain an advantageous entry point.
2nd chart shows added size on another pop, another day...
Last chart shows taking advantage of the many sellers to buy and cover and...
Can't seems to fix this text location.

Thursday, August 26, 2010

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