Emini wizard

Essentials vs Incidentals (2)

The choice of words by the great one is Zombies.
My wife loves Art. Not in a snobbish way, but as art appreciation.
She is quite talented, and I hope she finally gets to spend some time doing the things she loves to do.
Raising the kids is not an easy chore. She has only one more to [...]

Heart Burn (3)

The pre market scalping short and the gap play worked like a charm. We wanted the test of support for the first hour.
I prefer a hit and run approach, rather than position trading. I know I am not going to get all the trades right, but like to take the higher odds trades. Timing is a [...]

Meanies (0)

The Boyz really showed us their stuff today.
Are we dizzy yet?
Up, down, sideways. How are we to know?
We can’t; all we can do is take a chance.
If we have tools that help us find regression to the mean, great.
If we have tools that help us know where the puck is going to be, greatsky.
“78 to [...]

Speed Traps (2)

Gotta love those speed traps.
Respect for the law is important, at least for me anyways.
I had been warned by a friend to be careful and slow down near Ocala on my way to cold weather.
Signs posted along the highway in big bold print, I said to my wife: “They either think we are really stupid [...]

Stabilizing Day (1)

Following up on “Blindspots”, let’s take a look at the reality of trading.
It is one of the more challenging and difficult professions I know.
Flexible thinking is part of the game, among other things. So is Timing, and as always, risk to reward considerations.
Developing a premise, waiting for high odds trades, and then capturing profits is [...]

Sherlock Holmes (0)

What a great day to explore a few key ideas today.
Refresh your memory please with last night’s post… the key parts about the contra and trend trading.
“Most traders lose because markets turn on a dime, and they will not.”
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Three choices:

Buy
Sell
Do Nothing

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Premarket, I said to our room: “This business is hard because one or two points [...]