Complacent Panda

Sorry to keep the page blocked for so long. I'm reopening the content but not the site. Thank you to everyone who visited while I was open: a lot of you have helped me grow.If you want to visit another trading site, check out riding the noise. Also, every site...

Read more

Two people wanted a newsletter or newsletter-like service. Even though that is a relatively small number, I’m going to give it a shot. If you would like to join, for $1 you will be given access to view CP's Letters from Wednesday until Saturday (March 17th – March 21st). Also,...

Read more

I think it is partially luck, a bit of excess caution, growing confidence, psychological development, and some nice charts, but I haven't had a losing trade since I tried to trade the after hours emini market several weeks ago (I wasn't used to the speed and the limited liquidity). All...

Read more

Check out Trader Mike for several good charts as well....

Read more

It's really hard to show the "speed" of stock movements without recording trading in action. I'm guessing that's why most sites don't talk about the speed of a movement very much. For those without trading software (it's a necessity for serious trading), you will have an even harder time getting...

Read more

Anyone interested in purchasing a daily (weekly optional, for a lower price) newsletter? Each evening, before 9PM PST you would receive an email containing a PDF file, the newsletter. In the newsletter: - I'll discuss what happened in the markets that day and how I interpret the price movement (e.g....

Read more

I posted a quote from a newsletter two weeks back (link) that I find rather amusing at the moment. Here's a section of it:"For those looking for a silver lining, at least we are going to have a deeper bottom to bounce off. Applying a classic recession-trough multiple of 12x...

Read more

I found this on my hard drive the other day, and I thought I would share it. If you go to the site mentioned on the image, you'll find an even more recent chart showing the current decline of the S&P500 P/E ratios (not yet below 10).This chart will hopefully...

Read more

Motivations, as a friend once told me, are what you need to figure out if you want to understand people. To begin the process ask, "What does this person want?" The benefit of knowing what the other person (or group of people) want is that you can use this information...

Read more

In online poker, all the chips on the table have been paid for, and with each subsequent pot the house takes its "rake" (i.e. a small fraction for hosting the game). Any money you make in online poker comes out of the pockets of those who you are playing against,...

Read more

Shorting is a necessary tool for any serious trader. Gravity--i.e. entropy--will always take hold, and things will eventually fall. Furthermore, things fall faster than they rise. How much more needs to be said in favor of shorting?"Gravity" off of Thirteenth Step by A Perfect Circle....

Read more

Fear is always the result of your beliefs about the threatening nature of the environment. What could be threatening about the market? Nothing, if you had the confidence and completely trusted yourself to act appropriately under any given set of market conditions. Essentially, what you fear is not the markets...

Read more

The site has been put on the back burner for the last few days, and it looks like it may have to stay there for a while. I have my final "midterm" tomorrow, but with public transportation (in Southern California) and dedicating my time to trading my friend's account, I...

Read more

Panda cubs certainly look ugly by most standards. The same could be said of fledgling traders. But both have the potential to turn into such beautiful creatures.Here are two, one helping the other make it up a tree, or something, perhaps to get a warm apple pie. With the help...

Read more

Last week we had a good discussion on a few charts (link). I thought it would be nice to see what our volume and price analysis yielded and where one might proceed given current charts.GDX held its own with quite a bit of strength. As I said last week, it...

Read more

After watching Jules scalp the S&P500 emini, I figured I'd give it a try. Here are some of my thoughts:I am convinced that successful scalping, while possibly profitable with a quick trigger finger and minimal technical skill, is predicated upon the development of solid chart analysis and a healthy dose...

Read more

Looks like the market blood bath took quite a bit of the paper profits made in the last weeks. I'd be proud with my position, but it betrays my lack of participation. I traded GOOG just so that I would be listed as ~0% gain. But my position does not...

Read more

I'm probably nowhere near done compiling the list of trading blogs that I began two days ago. Yet, it already holds 144 blogs. If you don't see yours on there, or if you have a favorite that is missing (currently updated or not), then feel free to send me a...

Read more

I have had and still have a lot of school work for this evening. It's going to be a long night. But I wanted to say that I have received a few emails about trading blogs to be added to the list. They've been added and I will try to...

Read more

I will update the below; I know it's not complete. My goal is to compile a list of links to current and old trading blogs. I have a few things I have to do today, and I have already dedicated too much time to the below =) If you really...

Read more

I Still Haven't Found What I'm Looking For - Negativland on their album U2 (that is, the letter U and the numeral 2).I don't know how many of you out there will appreciate the above. Probably few. But I thought I would post it anyway, given that copyrights and the...

Read more

The following is from John Mauldin's Weekly e-Letter, Thoughts from the Frontline:Earnings Will Get Even WorseLast week I said that 2009 as-reported earnings estimates for the S&P 500 would be dropping. 2008 earnings had dropped to $29.57 as I wrote the letter. They are now down to $28.60. One of...

Read more

I took a picture, but I can't find the cable to put it onto my computer. While I'm looking for that, I wanted to post my developing computer setup. Interactive Brokers has a built-in API feature that allows multiple computers to connect to a single client and access the quote...

Read more

These are just a few charts that I found interesting. I probably wouldn't do anything long term in any of them. I like the day trades. But it is kinda nice to have a long term image in your head when you pull the trigger. Resistance and support, volume trends,...

Read more

I'm guessing that trading was light today because traders weren't quite sure how the market would react to the bill. It was passed and the markets don't seem to be too happy. Afterhours looked fairly bad.The above shows support at 81/80. Should that break on heavy volume, I'd look out...

Read more