Trading is so solitary. Chat rooms and CNBC are so irritating!
NO one learns for you - there is no information that will make you a better trader. There are trading principles that you learn , and then practice - that is how to become consistenly profitable. I find it so frustrating - the constant struggle to get good information out there. I am not sure what a blog is for - but I think talking about the iddues we deal with to get to trading might be a good topic.
One might know what to do - for example - ok, I am long above the 50 weekMA and stopped out udner - but how many people do what they know they should do. It is like driving - we KNOW we are supposed to stop at the STOP sign - but do we roll through? knowing what to do and doing it are two different things and the difference is the difference between profit and loss.
One can be right - or profitable - it is a choice.
Some guy called me up the other day - he wanted to argue that his pivots were better than my pivots. I had no idea what he was talking about. A pivot is a pivot. There is nothing to argue about. Stupidity is profound. Stupidity cannot be fixed.
To be a trader discipline, in fact, that may be the only requirement other than a plan. If a person made one rule for trading and then actually followed it - the chance of being profitable exceeds 50%. Instead, people make 25 rules for trading and follow none of them. I am continually frustrated!
Maybe this will be a great topic - I would love to know what it is that makes someone choose being right over being profitable.
Saturday, February 7, 2009
Friday, January 30, 2009
Investire con Successo
Il prezzo oscilla. Il mercato azionario non e' una garanzia di andata e ritorno. Un conto bancario e' una garanzia di ritorno. Lei non sara' mai inferiore a tornare mettete nel vostro conto in banca. Certezza finisce lì. Il grafico postato e' un esempio di come a guardare ad un prezzo grafico. Non ci e' simbolo o tempo, che e' cio' che noi insegniamo perche' sono i principi e le verita' e le due cose non cambiano. Prezzo oltre i 50 MA e RSI> 50% e' il segnale di entrata. Non e' certo che il prezzo sara' alto, ma si puo' essere certi di cio' che si sta per fare. Si noti che mentre il prezzo oscilla in alto e in basso, non pensare a nulla, andare in Italia, andare al lavoro, e di essere il capo del vostro portafoglio!
La fermata perdita (stop loss) va sotto l'aumento del 50 MA. Quando ottenete l'esperienza, imparate di profittare. Non si preoccupi che cosa accade. Avete The 5050 Plan! un programma per profitto. La conoscenza e' potere e ora e' possibile investire con successo (Invest with Success).
La fermata perdita (stop loss) va sotto l'aumento del 50 MA. Quando ottenete l'esperienza, imparate di profittare. Non si preoccupi che cosa accade. Avete The 5050 Plan! un programma per profitto. La conoscenza e' potere e ora e' possibile investire con successo (Invest with Success).
What's 'UP' Doc?
Understanding ‘UP’ Is UP good?
Only if you already bought low. Remember that DOWN gives you a chance to buy low and be in for the next move UP. But if your stock is DOWN, you may be wondering, “What’s UP?” Stocks are UP, meaning to the moon or at the top of the list, but when we awaken in the morning, why do we wake UP? At a meeting, why does a topic come UP? Why do we trade UP and why are the officers UP for election and why is it UP to each trader to use a stop/loss? We call UP our friends, brighten UP a room, polish UP the silver, we warm UP the leftovers and clean UP a portfolio. We lock UP the house and some guys fix UP old cars. Now let's look in a different way; People stir UP trouble, put UP a chart, line UP for tickets, work UP an appetite, and think UP excuses. To be dressed is one thing but to be dressed UP is special. Sometimes we see that the price is being bid UP, but if we hurry UP, we might mess UP the order and by the time it sets UP again, the volume might be dried UP. If you are biased to think UP is good and DOWN is not, try looking UP side DOWN. Stock market lore has it that what goes DOWN, can also go UP, or DOWN some more. Bulls and bears, UP and DOWN, prepare for the uncertain future by writing UP a trading plan. I could go on and on, but I'll wrap it UP, for now my time is UP. Time to for me to shut DOWN. I hope this cheered you UP and things will be looking UP! (or DOWN, as the case may be). -- Candy Schaap © Copyright CandySchaap.Stockmarketstore.com 2006-2009 ALL RIGHTS RESERVED
Understanding ‘UP’ Is UP good?
Only if you already bought low. Remember that DOWN gives you a chance to buy low and be in for the next move UP. But if your stock is DOWN, you may be wondering, “What’s UP?” Stocks are UP, meaning to the moon or at the top of the list, but when we awaken in the morning, why do we wake UP? At a meeting, why does a topic come UP? Why do we trade UP and why are the officers UP for election and why is it UP to each trader to use a stop/loss? We call UP our friends, brighten UP a room, polish UP the silver, we warm UP the leftovers and clean UP a portfolio. We lock UP the house and some guys fix UP old cars. Now let's look in a different way; People stir UP trouble, put UP a chart, line UP for tickets, work UP an appetite, and think UP excuses. To be dressed is one thing but to be dressed UP is special. Sometimes we see that the price is being bid UP, but if we hurry UP, we might mess UP the order and by the time it sets UP again, the volume might be dried UP. If you are biased to think UP is good and DOWN is not, try looking UP side DOWN. Stock market lore has it that what goes DOWN, can also go UP, or DOWN some more. Bulls and bears, UP and DOWN, prepare for the uncertain future by writing UP a trading plan. I could go on and on, but I'll wrap it UP, for now my time is UP. Time to for me to shut DOWN. I hope this cheered you UP and things will be looking UP! (or DOWN, as the case may be). -- Candy Schaap © Copyright CandySchaap.Stockmarketstore.com 2006-2009 ALL RIGHTS RESERVED
Sunday, January 4, 2009
Pivots & Trendlines
Trend Master CD "Pivots and Trend lines, Read 'Em and Reap!" - Candy Schaap Pivots give objective information to manage risk, get direction right and profit bountifully. Order the CD and learn everything you need to know.
This is a 1.2 hour CD with 9 sections. The sections are as follows: I Introduction to structural pivots II Pivot Structure III Entries and Exits IV Trend Structure V Trend Revresals VI Drawing Trendlines VII Trend Strength VIII Trend Hierarchy and IX Risk & Reward
Downloadable Worksheet - Pivots and Trendlines
What our readers say, "I think that learning the material on the Trend Master DVD should be mandatory for anyone who is considering trading as a profession. It has been the only source that I've found that presents a concise, clear summary of the essentials for understanding price movement in the markets which is critical for trading. My conclusion is two thumbs up ... way up. Great job." Dr. Mike Storey oc
This is a 1.2 hour CD with 9 sections. The sections are as follows: I Introduction to structural pivots II Pivot Structure III Entries and Exits IV Trend Structure V Trend Revresals VI Drawing Trendlines VII Trend Strength VIII Trend Hierarchy and IX Risk & Reward
Downloadable Worksheet - Pivots and Trendlines
What our readers say, "I think that learning the material on the Trend Master DVD should be mandatory for anyone who is considering trading as a profession. It has been the only source that I've found that presents a concise, clear summary of the essentials for understanding price movement in the markets which is critical for trading. My conclusion is two thumbs up ... way up. Great job." Dr. Mike Storey oc
Saturday, January 3, 2009
Publicity, publishing etc.
I created my own publishing company - StockMarketStore.com LLC and I have advertised with the World Book Expo. Sales have been great, libraries are buying ADXcellence and Invest with Success. It is gratifying. But what now? Where do I go? What do I do now? If you have any ideas, let me know.
Tuesday, December 30, 2008
Books
Books are a great thing, and libraries ahve to be the greatest invention ever! I like historical novels and murder mysteries.
I do a lot of my reasearch on the internet, but I do love to read.
I enjoy reading about finance, economics and history. Two books I can think of at this moment, that are worth reading are:
Bulls by Maggie Mahar
The Price of Excellence by Jacob Neusner
I do a lot of my reasearch on the internet, but I do love to read.
I enjoy reading about finance, economics and history. Two books I can think of at this moment, that are worth reading are:
Bulls by Maggie Mahar
The Price of Excellence by Jacob Neusner
Learning the Language
Asset Backed Security is a financial security backed by a loan, lease or receivables against assets other than real estate and mortgage-backed securities.
Mortgage-Backed Security is a security that is backed by a mortgage or collection of mortgages. These securities must also be grouped in one of the top two ratings as determined by an accredited credit rating agency, and usually pay periodic payments that are similar to coupon payments.
When you invest in a mortgage-backed security you are essentially lending money to a home buyer or business. An MBS is a way for a smaller regional bank to lend mortgages to customers without having the assets to cover the loan. Instead, the bank acts as a middleman between the home buyer and the investment markets.
Excerpted from Bob Prechter:
“This type of security is also commonly used to redirect the interest and principal payments from the pool of mortgages to shareholders. These payments can be further broken down into different classes of securities, depending on the riskiness of different mortgages as they are classified under the MBS.
One of the ways that a lot of this real estate debt was financed is very unusual historically, and that is through asset-backed securities. They really came into their own in the decade of the 2000s up until 2007. A lot of people feel that such investment was normal, but it wasn’t. For years and years, housing was built essentially to provide a home for people; in other words, it was a consumption item. But in the 2000s it turned into an investment item for people other than bankers. Wall Street packaged mortgage loans and began selling them as investments to people who didn’t look very hard at what they were buying. And they didn’t feel that they had to because, again, they felt that they were covered, at least with Fannie and Freddie mortgages, by implied guarantees from the federal government.
What’s happened, though, is that the issuance of asset-backed securities has fallen nearly to zero, not far from where it started. This method of financing is abnormal and something that comes along maybe once a century, when financiers get together and figure out a way to dress up and distribute IOUs in a certain investment area. So it is very unlikely that we will be returning to this type of financing anytime soon.”
Mortgage-Backed Security is a security that is backed by a mortgage or collection of mortgages. These securities must also be grouped in one of the top two ratings as determined by an accredited credit rating agency, and usually pay periodic payments that are similar to coupon payments.
When you invest in a mortgage-backed security you are essentially lending money to a home buyer or business. An MBS is a way for a smaller regional bank to lend mortgages to customers without having the assets to cover the loan. Instead, the bank acts as a middleman between the home buyer and the investment markets.
Excerpted from Bob Prechter:
“This type of security is also commonly used to redirect the interest and principal payments from the pool of mortgages to shareholders. These payments can be further broken down into different classes of securities, depending on the riskiness of different mortgages as they are classified under the MBS.
One of the ways that a lot of this real estate debt was financed is very unusual historically, and that is through asset-backed securities. They really came into their own in the decade of the 2000s up until 2007. A lot of people feel that such investment was normal, but it wasn’t. For years and years, housing was built essentially to provide a home for people; in other words, it was a consumption item. But in the 2000s it turned into an investment item for people other than bankers. Wall Street packaged mortgage loans and began selling them as investments to people who didn’t look very hard at what they were buying. And they didn’t feel that they had to because, again, they felt that they were covered, at least with Fannie and Freddie mortgages, by implied guarantees from the federal government.
What’s happened, though, is that the issuance of asset-backed securities has fallen nearly to zero, not far from where it started. This method of financing is abnormal and something that comes along maybe once a century, when financiers get together and figure out a way to dress up and distribute IOUs in a certain investment area. So it is very unlikely that we will be returning to this type of financing anytime soon.”
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