Random musings:
- Remember Gilder, Mr tech Bubble himself? He's back: link
- WASHINGTON (MarketWatch) -- U.S. corporate profits fell in the fourth quarter of 2006, signaling the end of one of the greatest profit cycles in post-war era, economists say. link
- I posted the following a few days ago on another blog, in reference to traders getting whipsawed and experiencing loss of capital on a regular basis:
I have a recommendation for most (future's) traders in a funk. Find a trade in a sector you think should go up, i.e. take a long somewhere, quit trying to short something (how many of you went long copper today, instead of being blown out of your NQ short?). That already increases your odds of success. It gives you a focus with the added benefit of learning about different sectors. Shorting is a full time job, regardless of the sector you are hitting. Pros like it because it's fast, but conservative traders know that the steady money is finding longs that run a few days or a week. As an example, the better trade ahead of the Feds was to go long gold instead of risking a short in equities (or even a long). Gold had a win/win set up. The same with oil, once we were done with contract rotation (crack spread was a huge heads up). Once you get your rhythm back, play both ends of the game on the index you know well, but you will find that the discipline of finding a long makes you a more rounded future's trader. Find the bull somewhere. Once you have money in the bank, you will have the guts to do the only short trades that works: hitting bounces and rallies, which is not easy to do when you are scared. Marc Eckelberry link
- Remember Gilder, Mr tech Bubble himself? He's back: link
- WASHINGTON (MarketWatch) -- U.S. corporate profits fell in the fourth quarter of 2006, signaling the end of one of the greatest profit cycles in post-war era, economists say. link
- I posted the following a few days ago on another blog, in reference to traders getting whipsawed and experiencing loss of capital on a regular basis:
I have a recommendation for most (future's) traders in a funk. Find a trade in a sector you think should go up, i.e. take a long somewhere, quit trying to short something (how many of you went long copper today, instead of being blown out of your NQ short?). That already increases your odds of success. It gives you a focus with the added benefit of learning about different sectors. Shorting is a full time job, regardless of the sector you are hitting. Pros like it because it's fast, but conservative traders know that the steady money is finding longs that run a few days or a week. As an example, the better trade ahead of the Feds was to go long gold instead of risking a short in equities (or even a long). Gold had a win/win set up. The same with oil, once we were done with contract rotation (crack spread was a huge heads up). Once you get your rhythm back, play both ends of the game on the index you know well, but you will find that the discipline of finding a long makes you a more rounded future's trader. Find the bull somewhere. Once you have money in the bank, you will have the guts to do the only short trades that works: hitting bounces and rallies, which is not easy to do when you are scared. Marc Eckelberry link
This entry was posted
on Thursday, March 29, 2007 at 3/29/2007 05:31:00 PM.
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3/30/07 8:05 AMNice link Marc. Just the sort thing I look for.
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