Archive for August, 2009

• Trading Today Aug 31, 2009
  Posted by annemarietrades on August 31st, 2009 at 3:44 am, Comments: 0

  China down, India up…watch for great intraday swing trades in the commodities. My favorites here are OIH, POT, and any coal of your choice really. Though I watch the oil futures, I do not play them. Also, watch the futures for a possible gap fill as it is now at lows 1019 [...]

• Overconfidence and Unbridled Success
  Posted by annemarietrades on August 29th, 2009 at 10:49 am, Comments: 0

  That beast is the market…and it’s waiting for you.
  And I say that only half kidding…
  I’d like to tell you an illustrative story…
  Sometimes when you’re in sync with the market, and your rules are perfectly suited to the particular trading environment, and your mind is in a controlled and alert state, you can trade triumphantly.
  Your [...]

• Results of Overconfidence
  Posted by annemarietrades on August 27th, 2009 at 7:41 pm, Comments: 0

  The results from those traits of the novice to intermediate overconfident trader?
  1) Underestimation of trading risk by ignoring potential losses; in other words, a gross mismanagement of trading funds
  2) Undisciplined, inconsistent and imprecise trading with no personal accountability
  3) Lack of preparation and preparedness
  …all ultimately capable of destroying your trading capital and all the dreams you [...]

• OverConfidence and Unrealistic Expectations
  Posted by annemarietrades on August 27th, 2009 at 12:31 pm, Comments: 0

  WARNING: THIS POST MAY BE MILDLY ABRASIVE TO THE EGO
  Excessive confidence in the face of unrealistic expectations with no real grounding in reality often leads to trading accounts looking like this mushroom cloud.
  So I’d like to ask you a difficult question…honestly, do you believe you should be doing better in your trading [...]

• A snapshot of the day
  Posted by annemarietrades on August 25th, 2009 at 4:29 pm, Comments: 0

  Since I felt I didn’t have any of this virtue for most of the day, I thought it best to remind myself about it.
  http://stockcharts.com/charts/carpet.html
  Sorry to send a link here but it’s worth the visit; this is a great visual and I often end my day with a glance at this chart. You must have [...]

• Revisit – OverConfidence
  Posted by annemarietrades on August 24th, 2009 at 11:33 pm, Comments: 0

  With confidence, you can destroy your opponent. With overconfidence, you can destroy yourself.
  Overconfidence, a topic relatively ignored in the psychology of trading, is often responsible for poor decisioning, and the subsequent demise of many a trader. In this series, we’ll meet two children; Overconfidence A, the offspring of ‘Unrealistic Expectation’; and Overconfidence B, [...]

• Recap for Monday and Tuesday 8-17/18
  Posted by annemarietrades on August 18th, 2009 at 4:32 pm, Comments: 0

  I’ll start by saying that experience does not allow me to jump on the negative bandwagon on an aggressive down day…which is what Monday felt like to me. Dissonance everywhere and just ugly looking charts overall. However, knowing that there is still significant market manipulation going on for the moment, I had an inkling [...]

• One of my favorite maps
  Posted by annemarietrades on August 17th, 2009 at 10:54 am, Comments: 0

• Trading Ideas This Week
  Posted by annemarietrades on August 16th, 2009 at 11:28 pm, Comments: 0

  Some trading ideas for the week
  CSIQ looks like a buy here at 16ish (a bit below where it is right now) with a target 17.60 then 18.40. It it fails, a short to 14.30ish is entirely possible
  RIMM still long, via short puts and stock at 71.15 and 71.92…stop is below 71; upside target 76.60ish…If weakness [...]

• CHART CHALLENGE ANSWER
  Posted by annemarietrades on August 14th, 2009 at 5:52 pm, Comments: 0

  Mystery Chart Revealed
  Here’s the answer. Thanks to everyone who commented on the prior post, and gave it a shot. Frankly, whether you went long or short you would have been correct….the length of the hold being the real difference. Hopefully, my explanation can add a little something to your toolkit.
  Have a good weekend [...]