Here is a reprint article on one person’s report on the rules of successful wealthy traders: 1. They plan every single trade. EVERY SINGLE ONE. Every trader I’ve talked with that makes money consistently knows the following about every single trade they take before they even begin entering a limit order into their trading platform: [...]
Forget about Friday the 13th. Many on Wall Street took to whispering about an even scarier phenomenon—the “Hindenburg Omen.” The Omen, named after the famous German airship in 1937 that crashed in Lakehurst, N.J., is a technical indicator that foreshadows not just a bear market but a stock-market crash. Its creator, a blind mathematician named Jim [...]
We have all to well understanding that the world’s advanced economies have run up (and still running up) huge public deficits. It was a transfer of the private sector debt to the public – yes that’s you, the tax payer. So what does this mean for the economy and the Dollar? As stated many times [...]
Many newspapers (especially out of Germany) I read this morning are full of idiotic sentences such as “Evil Credit Default Swaps” “CDS: The real reason behind the Greek meltdown” Its not the CDS of countries which are the root of the problem. These are merely the messengers, who transmit the message. A message that tells [...]
Great Interview here with Ed Thorp, the first true Quant and Scott Patterson, author of the just published book “The Quants” After talking about Thorp’s career and beating casinos at their own game, they go on and talk about the financial crisis and the role quants played in the recent downturn. Furthermore, they also provide [...]
The Obama administration is proposing legislation that will limit the size and trading activities of banks (see more about this here). Their thought seems to be that companies such as Goldman Sachs and Citigroup put themselves into positions to need government bailouts or TARP money through their own trading interests. During the Financial Crisis Investigative Committee hearing [...]
Overview As the January of 2010 proceeds and investors and traders have returned from their vacations, it is confusingly quiet in all different kind of asset classes. The S&P 500 has barely moved since the beginning of the New Year and except commodities which remain the name of the game for many “Hedge” Fund Managers, [...]
When I started trading last year I had a head full of dreams and motivation. I knew that it wasn’t realistic to repeat my stellar demo account performance of 30%+ per month, but I didn’t know what was a realistic expectation so I didn’t have one. My goal was very general, just to be profitable. [...]
The secrets in this Blog are worth $50K !!! Ok … so you think I am pulling your leg now that you have clicked here. But what I am about to tell you is really worth the money, unless you already know what I am about to tell you. 90% of day trader do not [...]
Bluepoint daily market view – April 9, 2010
Is God a communist? Recently when anyone speaks of redistribution of wealth you are called a communist? So does the God of the Bible have a plan to redistribute wealth? The answer is yes !!! So this makes him a communist, right? First, what evidence in the Bible describes this redistribution of wealth? Here are [...]