You Know You're A Financial Market Addict When...

[badcompany]

A part of you dreads the weekend because the markets are closed.

[PaceAdvantage]

Or you're there when the futures open up early Sunday evening...lol

I used to be like that...then I started trading options...I like it better this way...one trade a month (unless I have to "adjust")....

[lamboguy]

i know the takeout is more in racing than the markets, but i can overcome racing while the market's seems to put me under the either.

[badcompany]

Originally Posted by lamboguy

i know the takeout is more in racing than the markets, but i can overcome racing while the market's seems to put me under the either.

IMO, the psychological aspect of financial markets is harder, especially when you have long term positions.

If things are going badly with the ponies, you can simply take some time off.

An intermediate downtrend in a long term uptrend can last for weeks or more, and you have to sit there and take it.

[_______]

Originally Posted by badcompany

IMO, the psychological aspect of financial markets is harder, especially when you have long term positions.

If things are going badly with the ponies, you can simply take some time off.

An intermediate downtrend in a long term uptrend can last for weeks or more, and you have to sit there and take it.

http://www.dailyfinance.com/2014/09/...ecret-amnesia/

"An employee who recently joined his firm told him that Fidelity had studied which customer investing accounts performed the best: They were the ones held by people who had forgotten they even had Fidelity accounts, and so did no buying or selling from them."

You could do worse than turning off the financial channel for a few months.

[barn32]

Originally Posted by PaceAdvantage

I used to be like that...then I started trading options...I like it better this way...one trade a month (unless I have to "adjust")....

Are you selling puts?

[PaceAdvantage]

Actually, long put RUT butterflies (Russell 2000 index), hedged with IWM (Russell ETF) calls...

You can read/watch more about what I'm currently doing here:

http://www.smbtraining.com/overview/m3

I didn't purchase any of the stuff at that link...just interpreted the video presentation, liked what I saw, and tried to adapt it to my own style, although I do follow most of the rules he puts forth, except when I don't...lol

This is his "old" method, developed years ago...if it continues to do well with me, I may give the man a reward and purchase some of his newer stuff.

[lamboguy]

i have been watching the squirrels around my property scooping up all the acorns for the last 3 weeks and storing them for the winter. this is the earliest that i have ever seen them go to work on storage.

animals are smarter than humans and the squirrels must think the winter is coming early this year. i am going to go long the front month of heating oil futures in anticipation of an early winter.

[barn32]

Originally Posted by lamboguy

i have been watching the squirrels around my property scooping up all the acorns for the last 3 weeks and storing them for the winter. this is the earliest that i have ever seen them go to work on storage.

animals are smarter than humans and the squirrels must think the winter is coming early this year. i am going to go long the front month of heating oil futures in anticipation of an early winter.

Brilliant!

[badcompany]

Originally Posted by lamboguy

i have been watching the squirrels around my property scooping up all the acorns for the last 3 weeks and storing them for the winter. this is the earliest that i have ever seen them go to work on storage.

animals are smarter than humans and the squirrels must think the winter is coming early this year. i am going to go long the front month of heating oil futures in anticipation of an early winter.

In my neck of the woods, there's been a big switch to nat gas.

It's been bouncing along at a bottom. If it breaks out on the upside, it could be worth a play.

[lamboguy]

that one looks good because you know when your back is up against the wall. that's a nice clear chart too.

[badcompany]

Originally Posted by lamboguy

that one looks good because you know when your back is up against the wall. that's a nice clear chart too.

Looks like Nat Gas isn't gonna break out on the upside for awhile. The recent move has been down.

I've been having a pretty good run shorting grains, using the 12sma for a stop after a breakout.

[Tape Reader]

Anyone see an advantage with candlesticks on intraday charts? I always thought that taking “the price to bed” is what gave them their significance.

[incoming]

Using Bollinger Bands and Bollinger Bandwidth indicators a perfect Bollinger Band squeeze is starting to form. I would prefer the consolidation to last a couple of more weeks but a break of the bands in either direction and confirmed by volume above normalization would be enough for me to start a small position. I trade Forex but Bollinger Bands works across all markets.

[incoming]

UNG daily chart closed above the upper BOLLINGER BAND 4 days ago. BANDWIDTH is still showing squeeze. Using hourly chart for entry, it's on the bottom band, great entry point!! The fat doji on daily chart yesterday tells me indecision is starting to creep in, along with heavy sale volume yesterday. I would open a 1/4 position at this point with a stop placed on a close below the lower band using daily candles. When there is a tag or close above the upper band using daily chart or a couple of days with positive above normalize volume I would load the wagon. Watch out $28. Lets see if I'm right.