Monthly Archives: February 2013

Notes on Trading Psychology

Some notes on the psychology of trading that I took from Steve Miller: Don’t trade based on how one feels about oneself. Don’t abandon the intellectual process. The place of self-doubt is an emotionally flooded place. “What’s wrong with me?” … Continue reading

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PM

The market looked strong but artificially so all day. I took out three more short positions near the highs of the day, all small. I can’t predict market direction, except to say I think the RUT goes back to 930 … Continue reading

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The Book Shelf

Recently read titles: 1. The Blue Moment: Miles Davis’s Kind of Blue and the Remaking of Modern Music by Richard Williams (Apr 12, 2010) An exceedingly well written book on the place and influence on American music and culture of Miles Davis’s most influential and … Continue reading

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America at its Best

Public discourse, openness, mutual respect, intelligence, and sincerity. Nonetheless, something must be done. I doubt the free market will rush to the Chairman’s aid– regardless of his abiding faith in it. His simultaneous mission to preserve the monetary alchemy of … Continue reading

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E.O.D.

In the left graph we can see the monthly trajectory of the RUT. In the right chart we can see the daily price action within the same channel. Today, a powerful move to the 20 day moving average is very … Continue reading

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Monthly RVX and RUT

From all that I see and from my prior experience, I believe we’re in a topping/consolidation pattern. Sell in May and go away rings in my ears everyday. Increasing volatility seems in the cards. Was it not a most spectacular … Continue reading

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PM

Finding a channel and Fibonacci grid puts the entire messy disorder of a random number generator into perspective. Don’t ask for miracles. Imagine the possibilities while looking backward: 1. The RUT hastens its speedy decline past the channel support and … Continue reading

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