Trading to win using the Secret Code of the Illuminati

Tag archive for ‘Stop Losses’

The Bear roars

The Bear roars

The noise you heard today was the crashing of the bulls hopes and dreams. Umbrella’s were up all day long, and everyone who kept buying the low for a bounce got beaten up pretty badly. Body bags were issued for all the traders who get it wrong and average in going the wrong way. Intuition […]

Stop stretching

Stop stretching

  Limbering up with some exercise is wonderful for traders, especially if you sit in a chair all day. Getting up, stretching, getting some fresh air into our lungs, and mentally recharging ourselves is healthy for us. Having our stops in the market stretched, however, is annoying at a mimimum, and downright frustrating no matter how many times […]

Clear vision

Clear vision

Hindsight is a wonderful tool to help explain technical analysis. With it, we all can predict within a minute and a tic the exact times of turning points. The moving averages can be explained, the pivots are all logical, and we can clearly see why something did what it did. Making the call for directional […]

Letttt’s get ready to ruummmbbbbbbblllllllle

Letttt’s get ready to ruummmbbbbbbblllllllle

In this corner, weighing 2500 lbs, mr market. In front of that scrawny 100 pound shadow on the other side of the ring, there is me. Following Jeff Cooper’s hit and run style of trading, I am outmatched as a super-flyweight and fighting up into the heavy weight ranks. In sports, the normal mantra is […]

Mental gymnastics with six honest serving-men

Mental gymnastics with six honest serving-men

One of the most important exercises I do as preparation for the market every day is to play “the Five W game.” Or: who,what why, where, when and how. Where can it go today? What are the support levels? What are the resistance levels? How can the most traders be confused? What is the risk and […]

Keyser Soze

Keyser Soze

I haven’t seen any of Jeff Cooper’s posts lately, but I would imagine he would refer to today’s action as Keyser Soze. I first learned of the concept in an article he wrote a long time ago, referring to it as a reversal of a reversal, and presumably, taken from the movie The usual suspects. Of […]

I don’t know

I don’t know

I don’t know, and I don’t need to know where Mr Market is going tomorrow. The only thing I do need to know is where am I willing to take a risk, and what am I willing to risk. Of course, targets and partial targets are also nice to know. That is part of our system, and as […]