Showing posts with label blogs. Show all posts
Showing posts with label blogs. Show all posts
Wednesday, January 21, 2009
Books
I was catching up on my blog reading and I found two links to some good reading material. I felt compare to share this great find. Jeff has compiled a list of books on his blog - Master of the Universe's Weblog. You can find it on the top right hand corner.
Tuesday, July 29, 2008
Proprietary trading firms are getting into blogging
I have been reading Keystone Trading Group's blog for awhile now and they share some good trading insights.
Today I just found SMB Capital's blog and I spent some time going through their posts. Yes they are the same guys from Wall Street Warriors Season 2. They got some good posts there dealing with trading styles, psychology, and trading day summaries.
This post got me doing a little reflection about my own trading. The post is about the work ethic and ambitions of 2 new traders in their group. The time I spend on daily research and trade review pales in comparison to those guys at SMB. I need to boost up my efforts.
Updated 8/11/2008
Found this one through Dr. Brett's blog. Here's a new blog by Trading RM, a Chicago prop firm.
Anyone reading blogs by other prop firms?
Today I just found SMB Capital's blog and I spent some time going through their posts. Yes they are the same guys from Wall Street Warriors Season 2. They got some good posts there dealing with trading styles, psychology, and trading day summaries.
This post got me doing a little reflection about my own trading. The post is about the work ethic and ambitions of 2 new traders in their group. The time I spend on daily research and trade review pales in comparison to those guys at SMB. I need to boost up my efforts.
Updated 8/11/2008
Found this one through Dr. Brett's blog. Here's a new blog by Trading RM, a Chicago prop firm.
Anyone reading blogs by other prop firms?
Wednesday, July 02, 2008
New locations for the Virtual Office
DT has passed the torched to Tokyo Trader. TT is now the new host of the virtual office. DT did offered me the opportunity but I declined because there was a catch. I would have to meet up with DT for a weekend in a love hotel and perform some services for him. Being a hot blooded male I respectfully declined the offer.
Wincity a former VO member is also running his own Virtual Office. He took it up a notch by automating it and allowing anyone to post his or her pnl. Looks to me like an excellent idea. Damn those computer programmers. I got to go back to school an get a degree in programming.
Being free from his VO hosting duties, DT is now enjoying his extra time by playing with his male midget, dwarf and hobbit friends.
Wincity a former VO member is also running his own Virtual Office. He took it up a notch by automating it and allowing anyone to post his or her pnl. Looks to me like an excellent idea. Damn those computer programmers. I got to go back to school an get a degree in programming.
Being free from his VO hosting duties, DT is now enjoying his extra time by playing with his male midget, dwarf and hobbit friends.
Friday, February 01, 2008
Can this Bull Market get a second wind?
The market continues to show strength. I thought there would be some weakness because of Google's earnings miss and the poor econ. numbers. From all the blogs I read there are a lot of bearish commentary and predictions. I feel bearish myself too because we are having lower highs and lower lows in the daily and weekly time frames.
There are two blogs that have a different view. Carl Futia sees the S&P rallying to 1600 in 3-4 months. He has been steadfastly bullish through our recent decline. He gives his reasons in his blog for his forecast. Another blog that I follow is Between the Hedges. This is his major reason for believing that the bull market is not over. If his data is correct then I too find it hard for the market to break lower with all these bearish sentiment. What do you guys think? Are we still in a bull market or are we starting a bear market?
"The AAII percentage of bulls rose to 25.1% this week from 24.3% the prior week. This reading is still at a very depressed level. The AAII percentage of bears rose to 59.0% this week from 54.4% the prior week. This reading is still at an extraordinarily elevated level. The last time the AAII % Bears was this high was October 18, 1990 after Iraq’s invasion of Kuwait and before Operation Desert Storm began on January 17, 1991. The peak of the 1990-1991 recession also occurred during 4Q 1990 as GDP fell 3.0%. The S&P 500 rose 65% over the next three years after this peak in bearishness. Moreover, the 10-week moving average of the percentage of bears is currently at 50.9%, also an extraordinarily elevated level. It has only been higher one other period in its history, which was September 1990-December 1990. Moreover, the 10-week moving average of the percentage of bears peaked at 43.0% right near the major bear market low during 2002. It is astonishing that the 10-week moving average of the % bears is currently 7.9 percentage points greater than at any time during the bubble bursting meltdown of 2000-2003, which was arguably the worst stock market decline since the Great Depression.
Furthermore, the 50-week moving average of the percentage of bears is currently 40.7%, also an extraordinarily elevated level seen during only one other period since tracking began in the 80s. That period was December 1990-April 1991, right near another major stock market bottom. The extreme reading of the 50-week moving average of the percentage of bears during that period peaked at 41.6% on Jan. 31, 1991. The current reading of 40.7% is above the peak in the % bears during the 2000-2003 bear market, which was 38.1% on April 10, 2003. I find this even more astonishing, notwithstanding the recent pullback, given that the S&P 500 is currently 86.3% higher from the October 2002 major bear market lows and 13.0% off its recent record high.
Individual investor pessimism towards US stocks remains deep-seated and historical in nature, which bodes very well for further outsized gains over the intermediate-term. This is just more evidence of the current “US negativity bubble.” It is also noteworthy that as investor pessimism grows ever thicker as short interest soars to new record highs, corporate insiders continue to display downright giddy behavior with their recent stock activity during this pullback. The retail sector saw substantial insider buying over the last six weeks, notwithstanding the current extreme investor pessimism towards the prospects for consumer spending. The Morgan Stanley Retail Index is up 14.0% over the last ten days. During the 2000 economic downturn after the bursting of the 90s technology stock bubble, insiders were bailing in droves. I still expect US stocks to rise sharply later this year as the undying belief in an imminent recession begins to fade and the uncertainty currently surrounding the financial sector continues to lift substantially." - Gary at Between the Hedges
There are two blogs that have a different view. Carl Futia sees the S&P rallying to 1600 in 3-4 months. He has been steadfastly bullish through our recent decline. He gives his reasons in his blog for his forecast. Another blog that I follow is Between the Hedges. This is his major reason for believing that the bull market is not over. If his data is correct then I too find it hard for the market to break lower with all these bearish sentiment. What do you guys think? Are we still in a bull market or are we starting a bear market?
"The AAII percentage of bulls rose to 25.1% this week from 24.3% the prior week. This reading is still at a very depressed level. The AAII percentage of bears rose to 59.0% this week from 54.4% the prior week. This reading is still at an extraordinarily elevated level. The last time the AAII % Bears was this high was October 18, 1990 after Iraq’s invasion of Kuwait and before Operation Desert Storm began on January 17, 1991. The peak of the 1990-1991 recession also occurred during 4Q 1990 as GDP fell 3.0%. The S&P 500 rose 65% over the next three years after this peak in bearishness. Moreover, the 10-week moving average of the percentage of bears is currently at 50.9%, also an extraordinarily elevated level. It has only been higher one other period in its history, which was September 1990-December 1990. Moreover, the 10-week moving average of the percentage of bears peaked at 43.0% right near the major bear market low during 2002. It is astonishing that the 10-week moving average of the % bears is currently 7.9 percentage points greater than at any time during the bubble bursting meltdown of 2000-2003, which was arguably the worst stock market decline since the Great Depression.
Furthermore, the 50-week moving average of the percentage of bears is currently 40.7%, also an extraordinarily elevated level seen during only one other period since tracking began in the 80s. That period was December 1990-April 1991, right near another major stock market bottom. The extreme reading of the 50-week moving average of the percentage of bears during that period peaked at 41.6% on Jan. 31, 1991. The current reading of 40.7% is above the peak in the % bears during the 2000-2003 bear market, which was 38.1% on April 10, 2003. I find this even more astonishing, notwithstanding the recent pullback, given that the S&P 500 is currently 86.3% higher from the October 2002 major bear market lows and 13.0% off its recent record high.
Individual investor pessimism towards US stocks remains deep-seated and historical in nature, which bodes very well for further outsized gains over the intermediate-term. This is just more evidence of the current “US negativity bubble.” It is also noteworthy that as investor pessimism grows ever thicker as short interest soars to new record highs, corporate insiders continue to display downright giddy behavior with their recent stock activity during this pullback. The retail sector saw substantial insider buying over the last six weeks, notwithstanding the current extreme investor pessimism towards the prospects for consumer spending. The Morgan Stanley Retail Index is up 14.0% over the last ten days. During the 2000 economic downturn after the bursting of the 90s technology stock bubble, insiders were bailing in droves. I still expect US stocks to rise sharply later this year as the undying belief in an imminent recession begins to fade and the uncertainty currently surrounding the financial sector continues to lift substantially." - Gary at Between the Hedges
Sunday, January 13, 2008
Monster Stocks
I started having interest in the market in 1999 and I put some money in QCOM and IDCC in late September. I remember how I made an 800% gain on my $4000 in just a few months. I had over $35000 in January 2000. Well to make the long story short, I lost all my gains and around $5000 more by the end of 2000.
I am currently reading the book Monster Stocks
, (a recommendation by Stockbee) and that got me to do some thinking. I studied some past monster stocks and here are my observations.
HOV, the housing bubble
Are these bubble stocks unfolding before our eyes?
RL, a retailer
DRYS, Dryshippers
GOOG, RIMM, AAPL, LFC, CMI
Look over the charts and see what you guys think. Will our current leaders suffer the same fate? Google was up 750% at the top, so compared to other monsters there might me some more juice left. Maybe GOOG can go to $1000(1000%) or $2000(2000%).
I am currently reading the book Monster Stocks
, (a recommendation by Stockbee) and that got me to do some thinking. I studied some past monster stocks and here are my observations.- Monster stocks can gain an average of 500%-1000% in less than 3 years. Most of them gain that much in 1 year. There are some exceptions. QCOM gained 2000% in a year.
- After they make their parabolic move they crash pretty hard.
HOV, the housing bubble
Are these bubble stocks unfolding before our eyes?
RL, a retailer
DRYS, Dryshippers
GOOG, RIMM, AAPL, LFC, CMI
Look over the charts and see what you guys think. Will our current leaders suffer the same fate? Google was up 750% at the top, so compared to other monsters there might me some more juice left. Maybe GOOG can go to $1000(1000%) or $2000(2000%).
Saturday, November 24, 2007
Improve your trading by watching trading videos
A month or two ago I scoured Youtube for trading videos. I found a couple of good ones that are updated daily. All the creators are traders who have their methodology down and explain their analysis in an easy comprehensible manner. I have learned some new stuff from watching the videos. One thing good about watching the videos is that you can really get into the minds of the traders and see how they interpret chart action.
- Matt Monteith from Price-Trend.com offers daily commentary on the Emini S&P, Gold, Euro, Crude and Bonds. His trading style consist of trendlines, chart patterns and pivot points. I think it simple yet effective. One thing he stresses daily is not to try to pick tops or bottoms, wait for the market to confirm the move. Youtube link.
- Inthemoneystocks.com offers daily commentary of the major averages as well as some stock picks. He uses moving averages, trendlines, channels as well as some indicators like the stochastics and macds. Youtube link.
- Chart Pattern Trader offers daily market commentary. They also follow market breath indicators and combine them trendlines, channels, chart patterns and indicators such as the rsi, macd, and stochastics. Youtube link.
- Brian from Alpha Trends offers daily summary of the markets. He uses multiple time frame analysis, trendlines and moving averages. He's either the first or one of the earliest video bloggers.
Thursday, May 24, 2007
Misstrade does video
Misstrade has added some video trading examples in his blog. Watch them and see how he trades.
Friday, May 18, 2007
Wish I was Calm Trading
Trading looks easy when you are Calm Trading like Gary. When you get a good entry and place a proper stop all you have to do is sit back and let the trade work.
I tried dummy trading in January and February. I had some success because I actually made some money. In March I did not know what I was doing. In April I went back to scalping and was able end the month with some profits. I really want to give dummy trading another shot again. When I first tried it I didn't know much and I got lucky. From what I learned the past two months, I think I might be able to use my new volume and tape reading observations to improve my dummy trade selection.
Gary shared some important rules in stock selection.
"It seems like I keep repeating my self but Do NOT enter on long bars--I dont know whats so hard to understand about this one, DO NOT enter too far away from 5 ema, DO NOT enter into stocks making long shadows above your entry- shadows only mean that stock tried to go there before and didn't succeed so it came back."
I tried dummy trading in January and February. I had some success because I actually made some money. In March I did not know what I was doing. In April I went back to scalping and was able end the month with some profits. I really want to give dummy trading another shot again. When I first tried it I didn't know much and I got lucky. From what I learned the past two months, I think I might be able to use my new volume and tape reading observations to improve my dummy trade selection.
Gary shared some important rules in stock selection.
"It seems like I keep repeating my self but Do NOT enter on long bars--I dont know whats so hard to understand about this one, DO NOT enter too far away from 5 ema, DO NOT enter into stocks making long shadows above your entry- shadows only mean that stock tried to go there before and didn't succeed so it came back."
Thursday, April 12, 2007
Virtual Trading Office
Dinosaur Trader has a new feature on his blog called the virtual trading office. Every day he compiles the PnL and shares traded from a bunch of guys, including mine. If anyone else is interested in joining send DT a message.
I used to trade in a prop firm before I went remote. Looking back I really enjoyed my time in the office. I remember starting in a group where most of the guys are new. There were about 8 people in the room including a mentor. We were learning how to trade together and sharing our daily trading results. By talking to other guys and seeing how they made or lose money helped speed up my learning process. I think this is one of the factors that had helped in my trading. It was also a source of motivation to see some of the better traders consistently making good money everyday. Dinosaur Trader wants to bring back the feel of a trading office by bringing traders together.
I used to trade in a prop firm before I went remote. Looking back I really enjoyed my time in the office. I remember starting in a group where most of the guys are new. There were about 8 people in the room including a mentor. We were learning how to trade together and sharing our daily trading results. By talking to other guys and seeing how they made or lose money helped speed up my learning process. I think this is one of the factors that had helped in my trading. It was also a source of motivation to see some of the better traders consistently making good money everyday. Dinosaur Trader wants to bring back the feel of a trading office by bringing traders together.
Thursday, April 05, 2007
Name change
Ever since the release of the The Secret
the Law of Attraction has garnered a lot of attention. There are quite a number of blogs that talk about the LOA. One that I follow regularly is Breathing Prosperity. Ophelia, one of the authors has a new post titled "Law of Attraction:What's in a name?". When I started this blog I intended for it to be a journal of my bad trades. After I found out about the LOA I always wondered if I chose the wrong name for my blog. The Law of Attraction states that you attract what you think into your life. My blog's title is One Bad Trade, thus there could be a possibility that I may be attracting bad trades into my trading. Some of you guys reading this post might say, man OBT, you are so gullible and that sounds like an excuse for your mediocre performance. I think it does not hurt to make a minor change. If changing a name could make me trade better than I will give it a try. From now on the title of my blog would be changed to One Bad-Ass Trade. I hope I can show you guys some bad ass trading examples in the future.
the Law of Attraction has garnered a lot of attention. There are quite a number of blogs that talk about the LOA. One that I follow regularly is Breathing Prosperity. Ophelia, one of the authors has a new post titled "Law of Attraction:What's in a name?". When I started this blog I intended for it to be a journal of my bad trades. After I found out about the LOA I always wondered if I chose the wrong name for my blog. The Law of Attraction states that you attract what you think into your life. My blog's title is One Bad Trade, thus there could be a possibility that I may be attracting bad trades into my trading. Some of you guys reading this post might say, man OBT, you are so gullible and that sounds like an excuse for your mediocre performance. I think it does not hurt to make a minor change. If changing a name could make me trade better than I will give it a try. From now on the title of my blog would be changed to One Bad-Ass Trade. I hope I can show you guys some bad ass trading examples in the future.
Tuesday, April 03, 2007
Trading blog contest
Babak is having his first trading blog contest on his stock trading blog. He’s giving away six months of access to SentimenTrader.com: Analysis Over Emotion in the Stock and Bond Markets!
Tuesday, March 13, 2007
Still having cable problems
A cable guy is supposed to come check on my cable today. I also got a DSL backup that should be ready by next week. It will be good if I can trade by this week.
In the mean time check out some of the new blogs found.
Dinosaur Trader - He has been trading listed stocks for 8 years. The new hybrid system has affected his trading style and he is learning how to adapt to it.
Afraid to Trade - Shares his thoughts on how to overcome different fears in trading.
Hamzei Analytics - Professional market commentary
59 Cedar Street and ADD Trader - Traders who are practicing the dummy method
In the mean time check out some of the new blogs found.
Dinosaur Trader - He has been trading listed stocks for 8 years. The new hybrid system has affected his trading style and he is learning how to adapt to it.
Afraid to Trade - Shares his thoughts on how to overcome different fears in trading.
Hamzei Analytics - Professional market commentary
59 Cedar Street and ADD Trader - Traders who are practicing the dummy method
Thursday, January 25, 2007
Blog Spotlight
I want to thank MC over at Pinoy Trader for giving me some insight into his trading style. I just discovered his blog this week and I love it. He shows us his trades with entries/exit, risk/reward and his reasoning behind the trades. He is extremely consistent and really knows how to max out those R's.
Saturday, December 30, 2006
Something's brewing, possible cat fight
I was going through my feeds today and a developing conflict drew my attention. A new blogger named Victoria is making some waves in the trading blogosphere. Victoria credits Trading Goddess for showing her the ropes and inspiring her to go out on her own.
I think Victoria has her path to fame laid out in front of her. The student may one day outshine her teacher. Strong supporters like Trader-X who's heart was won over by Victoria's loving will give her the needed boost in popularity ratings. Estocastica and many others are clamoring for a cat fight. Will Victoria bow to peer pressure and break her bonds with the Goddess or will they work together to provide us readers with great content.
"Why write a blog? I actually have to credit Trading Goddess as my inspiration. She showed me that a woman can thrive in this often male dominated world, and she proves that we do not have to hide our sexy side! As such, I will borrow some of her themes and provide content that will keep both me and you "titillated".
I think Victoria has her path to fame laid out in front of her. The student may one day outshine her teacher. Strong supporters like Trader-X who's heart was won over by Victoria's loving will give her the needed boost in popularity ratings. Estocastica and many others are clamoring for a cat fight. Will Victoria bow to peer pressure and break her bonds with the Goddess or will they work together to provide us readers with great content.
Prosper.com
I found out about Prosper through Shane's blog. Prosper serves as a middle men and provides a marketplace between borrowers and lenders. This model looks like an excellent idea. I think it is similar to Ebay's model.
Borrowers who are punctual at paying off their loans get good ratings that would help them get better rates. Some people are able to get loans at 5-8% which is better than bank rates. Guys like Trader Dan and Tapeworm could use this site to score some trading capital.
Trader-X and Stock Coach can put some of their spare money to work by becoming lenders earning 8% or more in interest.
Borrowers who are punctual at paying off their loans get good ratings that would help them get better rates. Some people are able to get loans at 5-8% which is better than bank rates. Guys like Trader Dan and Tapeworm could use this site to score some trading capital.
Trader-X and Stock Coach can put some of their spare money to work by becoming lenders earning 8% or more in interest.
Thursday, November 30, 2006
Monday, November 13, 2006
Blog of a hedge fund manager
I just found a hedge fund manager's blog. It contains a lot of useful trading related links and daily commentary. Check out Between the Hedges.
Wednesday, November 01, 2006
Torn between fear and greed
I am facing a dilemma right now. I have this strong hunch that if I trade I would end up making a lot less. Should I stop trading and keep my $290 in profits or keep trading for the prospect of more profits. This thought was in my mind when I was up $380. After I lost $90, the thought gets louder and interferes with my focus. Then there is another thought that tells me that there is a chance to make more cash today. If I stop now I might miss a lot of opportunities later on in the day.
Some days these thoughts just stand out and today is one of them. There are days when I disregard my hunch and I end up giving away most of my profits. I think my fear is winning out because $290 is an acceptable sum for me.
This is one of my weaknesses. I think a good trader who believes in his system will continue to trade because his system is profitable. I am a discretionary trader so I do get affected by emotions quite often. One of my future plans is to develop an automated system.
Since I am done early I will start reading The Disciplined Trader. It was recommended by Michelle B. over at Trader Mike's blog. Maybe it would shed some light into why I have these conflicting thoughts.
Some days these thoughts just stand out and today is one of them. There are days when I disregard my hunch and I end up giving away most of my profits. I think my fear is winning out because $290 is an acceptable sum for me.
This is one of my weaknesses. I think a good trader who believes in his system will continue to trade because his system is profitable. I am a discretionary trader so I do get affected by emotions quite often. One of my future plans is to develop an automated system.
Since I am done early I will start reading The Disciplined Trader. It was recommended by Michelle B. over at Trader Mike's blog. Maybe it would shed some light into why I have these conflicting thoughts.
Wednesday, October 25, 2006
Found a new trading blog
I just found a new trading blog and added it to my blogroll. I learned something new from the blog already - drawing parallel lines and Dunnigan bars. Check out Trading What I See.
Saturday, October 14, 2006
Trying out Blogger Beta
I have been blogging with WordPress and have decided to try the new Blogger Beta. This is the link to my old blog. Looks like Blogger has done a decent job at making the site easier to use. I will be posting on both of my blogs till the end of this month and I make a choice between the two blogging interfaces.
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