Thursday, December 27, 2012

The Man Who Broke Atlantic City

Edge and risk management. An uncanny parallel between trading and gambling. Sound easy, but definitely not. Finding an edge is already difficult enough, few have enough discipline to stick with it. Even fewer have the patience to wait until the edge lines up favorably.    
Read Original post Here

Tuesday, December 25, 2012

Generation Y

Being a Millennial by definition(Age 16-34), I found the study pretty interesting and right on. Original Post
  • The Millennial generation is poised to leave its mark on the world—and its dollars in the cash registers of restaurants and stores in the U.S. 
  • Millennials—both men and women—are knowledgeable about clothing, like buying it, and are forming strong brand preferences. 
  • To keep these shoppers coming, savvy owners of malls and mall stores will focus on six key principles of attraction.

Monday, December 24, 2012

Profit from the End of World

The world did not end on 12/21/12 and life goes on as usual. But someone made lots money selling this ultimate weapon for the end of world. I guess there is an opportunity in every crisis. :)

Sunday, December 23, 2012

What's your edge?

  • Combined daily and intraday chart reading skill
  • Patience
  • Discipline
  • Conviction

Must read from HCPG

Thursday, December 20, 2012

$SBUX: Multiple Time Frame Analysis

我的思考(Trading Analysis): 
A price/volume spike in $SBUX in daily chart and then forming a bull flag, it got me interested. A close look at 30 min chart identify 3 price level to watch. $54 as first support where I will try to get a feeler. $52.8~$53 as second support which is my stop. If price acts right, then it is an add through $55 breakout. Big cap like $SBUX usually required significant volume to make a big move. It's also more suited for swing trade.  

"Trading is not an intellectual game.  You can’t “out-think” the market. Analyzing and predicting the markets is not nearly as important as learning how to react to what the markets actually do. Stay involved in the process of making the right decisions at each moment, and let go of worrying about the outcome. Trust your judgment."  ~Linda Raschke

市場從不理會我們邏輯思考. 我們能做的就是做好自己的分析然後下注. 相信自己,但是結果如果不和自己的預測一樣, 一定要有停損及應變的能力. 一但開始淪落到市場vs自己的心態, 後果通常不妙.

Trading Tools


Platform: DAS PRO

Chart/Back test: Amibroker

Day Trading Scanner: Trade Ideas

Real Time News: The Fly on the Wall

Other News Source: Stocktwit, Finviz, blogs


$BTU forming an rounded bottom

Coal names have shown relative strength lately. On weekly chart, $BTU is forming an rounded bottom. 

$RAX breakout to all time high

A clean breakout on high volume. A good candidate to buy on pull back/consolidation.