Blog Archives

When is the Best Time to Place a Stock Trade

Have you ever thought about this?  When is the BEST time of day to place a stock trade, or any trade for that matter.  As I think back to the many times I have placed a trade, a good portion of them have been not too far from the open. 

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Posted in Trading Beginners, Trading Psychology
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Finding a Long Legged Hammer Candlestick Trading Strategy Part One

I have been trying to come up with a valid long legged hammer candlestick reversal trading strategy.  So far I am still in the exploratory stages and have not been able to come up with a perfectly clear system on how to trade them. I am mostly interested in the

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Posted in Stock Scanner, Technical Analysis, Trading Psychology
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Glenn Beck Marked the Bottom in September and Jeremy Siegel the Top In Oct

Quite some time ago I was fortunate enough to wake up to Glenn Becks radio program and hear him talking about the Hindenburg Omen market crash signal which he was going into quite a bit of detail on his radio program.  I indicated at that time that it could possibly

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Posted in Trading Psychology
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Audio of the May 6, 2010 Flash Crash

I thought this was really interesting to listen to in case you have not already.  It is the audio of an Sp500 trader quoting the action taking place in the futures pit in Chicago on May 6, 2010.  Quite entertaining to listen to if you are into this sort of

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Posted in Trading Flashback, Trading Psychology
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Glenn Beck Talking About Hindenburg Omen

Glenn Beck on the radio this morning was talking about the Hindenburg Omen and maybe even specifically quoting parts of that article that referred to percentage chances we get a crash.  I briefly turned on CNBC a few times in recent days as well and the crash and depression talk

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Posted in Trading Psychology
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This is one Sick Market

This market is sick.  There is absolutely zero doubt about that after today’s price action.  Not only is it sick but it is extremely costly!  Especially during the last 7 or so trading days. I have flip flopped my calls about where this market is going repeatedly for the last

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Posted in Market Timing, Online Trading, Trading Psychology
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Lets Talk about Stock Market Crashes Shall we

The following post is not suitable for all audiences. Viewer discretion is advised. I don’t know what it is about stock market crashes that so fascinates me.  I think a lot of it has to do with the fact that they are exceedingly rare, at least on the daily time

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Posted in Index Trading, Market Timing, SP500, Trading Psychology
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Yahoo Finance On Top of the Gold Price Trend !

Congratulations to Yahoo Finance!  Have you noticed this yet?  Yahoo Finance on their homepage has included both the oil price and the gold price on their main quote summary section on the top left of their site. Previously there was just the Dow, Nasdaq S&P500 and the 10 Year Bond,

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Posted in Gold Market, Trading Psychology
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US Dollar Leopard versus The Wildebeest Herd Complacency Trade

Did you ever use to watch those nature shows on PBS where they showed massive herds of animals in Africa?  I used to watch those shows as a kid and it was always somewhat fascinating to see those large herds of animals feeding there but then suddenly get spooked and

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Posted in Index Trading, Market Timing, SP500, Trading Psychology, US Dollar Index
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SP500 Breaks First Critical Wedge Support Today on Heavy Volume

The SPY slammed down through first trendline support today on substantial volume and once again confirmed the bear case that I have been talking about this week.  It was really bearish action today and the dip buying that used to work so well in recent months clearly failed this time.

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Posted in Index Trading, Market Timing, SP500, Technical Analysis, Trading Psychology
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