Archive for the ‘Trading Psychology’ Category
Saturday, May 14th, 2011
Wall Street likes you to think that all the trading they do is legal and that there is no “Insider Trading”, however many people who have worked on Wall Street and investment firms clearly know that insider trading happens all the time.
The SEC (Security Exchange Commission) let’s it happen and they turn a blind eye to their buddy’s at large investment firms. The only time when they step in and start charging people is during a big economic downturn and they need a scape goat to make it look like that the SEC is actually doing their job.
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Raj Rajaratnam Insider Trading Case – Insider Trading Normal Amongst Wall Street
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Posted in Crime, Stock Trading, Trading Psychology | Comments Off
Saturday, May 14th, 2011
Here is what Harry Dent is predicting for the coming future for stocks and commodities. I agree with him that the stock market is too crazy hot right now and is due for major correction in the future. Besides corporate profits, nothing much else is supporting the lofty stock market valuations. Jobs are not getting better nor is real estate and growth is slowing.
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Harry Dent says “Major Crash†Coming for Stocks , Topping Out
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Posted in ETF, Economy, Stock Trading, Trading Psychology, Videos | Comments Off
Wednesday, April 6th, 2011
Eric Sprott talks about gold and silver prices, governments and his physical silver fund.
As I already suspected, Gold and Silver is not a bubble simply because the U.S Government and European Governments keep printing money. Fiat currency may collapse and become worthless…like the U.S dollar’s recent declines and also because of the fact that the world lose confidence in the United States and not buy its treasuries. Once that happens the U.S will not have any money left to run the Government and social services and will need to print more thereby collapsing currency even more (viscous circle).
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Gold, Silver To Go Higher Due To Gov Money Printing
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Posted in Debt Management, ETF, Economy, Trading Psychology, Videos | Comments Off
Tuesday, March 15th, 2011
Well before the Japan earthquake and tsunami the stock markets were already looking a little weak as if they have almost reached their top. However, like the event on September 11th back in year 2001 which saw the U.S markets taking a dive on the destruction of 2 buildings and over 5000 people killed, the Japan earthquake and tsunami will be the catalyst of the next leg down of the stock market as the damage is far greater and the economic impact is larger.
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Markets Are About To Take A Beating – Japan Earthquake / Stock Market Decline A Catalyst
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Posted in ETF, Economy, Technical Analysis, Trading Psychology | Comments Off
Tuesday, March 8th, 2011
The Toronto Stock Exchange look like it is set to hit the previous high of around 15,000 points at which time my prediction is that it will take a turn downward. This could be a correction of sorts that I could profit from. The 15,000 level also looks to be a top of a cycle and from there it could very well be down hill for a while.
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Looking At Opening Position on HXD-TO – Horizons BetaPro S&P/TSX 60 Bear Plus ETF
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Posted in ETF, Stock Trading, Technical Analysis, Trading Psychology | Comments Off
Wednesday, January 5th, 2011
Yesterday gold took a hit from roughly $1412 down to $1380 range…that was a drop of roughly $30 some odd dollars. I’ve been watching gold for a while, though I should have gotten long ago…I think there is still more upside for gold.
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Opened Position On Claymore Gold Bullion ETF (CGL.TO) @ $12.45
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Posted in ETF, Economy, Money, Stock Trading, Technical Analysis, Trading Psychology | 1 Comment »
Friday, October 1st, 2010
Well, the month of September had a nice run…the DOW, SP&500 and Nasdaq bounced back up. However, whenever there is a significant run up there has to be a pull back.
As far as the economy is concerned there is nothing in my view supporting the recent run up in the markets. From the macro view the U.S is still in huge deficit, government spending continues and jobs are still being lost despite corporations making record profit. Now add to that the recent report that over 40 million Americans are now considered poor, while the middle-class is being wiped out.
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Entered Trade with QQQQ Put Options – Mar 2011 @ $44 Strike Price
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Posted in Economy, Option Trading, Technical Analysis, Trading Psychology | No Comments »
Sunday, September 26th, 2010
In previous post on MoneyAccumulator.com I wrote about the CALL options I bought on SLV (Silver ETF) for expiry of January 2010 with a strike price of $19. Well, I recently sold the options contract when the SLV ETF reached the price of $20.60.
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Closed Position on SLV (Silver ETF) Options – Made Small Profit
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Posted in ETF, Economy, Money, Option Trading, Stock Trading, Technical Analysis, Trading Psychology | Comments Off
Thursday, September 16th, 2010
About 3 months ago, I bought contracts in iShares Silver Trust (SLV) ETF kind of as an experiment or litmus test to see my hunches are correct.
If the stock market and economy falters in the next 3 months by January 2010 SLV contracts with a strike price of $19 will make some money as long as the contract price exceeds my break even of $2.10. Currently the contract price is at $2.23 (Sept.16, 2010).
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Silver On The Move Above $20 – iShares Silver Trust (SLV) ETF
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Posted in ETF, Economy, Option Trading, Technical Analysis, Trading Psychology | Comments Off
Sunday, August 29th, 2010
I posted on Tuesday, August 17th that the Dow Jones will drop to 10,000 points from 10,450 points then bounce a bit, and again head lower to the next support level 9,600. As you can see from trading the actions of August 26 and 27 that it is exactly how it is playing out.
Posted in Economy, Option Trading, Stock Trading, Technical Analysis, Trading Psychology | Comments Off
Tuesday, August 17th, 2010
Looking at the 6 month chart for the DJIA, it looks like the market is at the beginning of a downtrend, the 10 and 200 day moving average is well over the price adding to downward pressure, however it looks like their might be a small pop upwards as the price hits the 50-day moving average, but after that my guess is that the downward trend will continue bringing the Dow Jones down to 10,000 and if it breaks past that down to 9,600 again. Also looking at the MACD it looks like a downward indicator as well ( please read my disclaimer). I have been wrong before so do your own due deligence, this is just my read on the market.
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Staying Out of Stocks Until Down Leg is Done – DJIA Shows Downtrend
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