January 2011
10 posts
8 Alternatives to College →
When I was 19 I won some money in a chess tournament. So instead of using that money for my college tuition I decided to drop out of college and buy a car. I bought a used 1982 Honda Accord. I drove…
8 alternatives to College
I found this cool article about college and what other alternatives are available today.
http://www.jamesaltucher.com/2011/01/8-alternatives-to-college/
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Trading Day recap for 1/20/2011
Getting back into the market after a few days off is not easy.
Today is the perfect example of what happens when you trade against the trend and try to profit on the reversal. It is as dangerous as catching falling knifes.
I realized that my trading style is more along the lines of breakouts and trend following instead of trend reversing.
My first trade was in the $GBPUSD. It has been selling...
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Trading Day Recap for 1/13/2011
Not an easy market to trade this morning.
By the time I turned on my monitors i realized that I missed a big move in the $EURUSD and $GBPUSD. Trying to force a trade would be like hopping onto a moving train. If successful than the reward is great, but most likely the odds are that you’ll fail. Since trading is not about gambling but taking calculated risk I was a little frustrated this...
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Trading Day Recap 1/12/2011
Today’s trading day started like most. Woke up, checked the news, looked at the economic calendar and how the different currencies traded overnight.
It seemed like it would be a typical trading day where I see what the market has to offer me that day and get a few good trades out of a day’s work.
Some good trades in USDPJY, EURUSD but I struggled a bit on GBPUSD.
Here are my charts...
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Trading Day Recap for 1/11/2011
Today started out pretty quiet.
The $EURUSD, $GBPUSD and $USDJPY were stuck in a range until the New York open.
I saw some weakness in the YEN and was looking for a long in $USDJPY. Unfortunately due to human error, I was long $GBPUSD. I had to get out of that trade quickly because although possibly profitable it was not the trade I wanted to be in. As it turns out I was right. The trade became...
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Trading Day Recap for 01/06/2011
This morning I woke up a bit late. I was experimenting with a new iPhone alarm app and needless to say that waking up to classical music isn’t as effective as waking up to an annoying buzzing sound.
Looking at the charts it looked like I missed a big move in the GBP/USD. The EUR/USD chart looked choppy and USD/JPY seemed to be stuck in a range.
I was looking at shorting the pound because...
Ten Questions Every Game Changer Must Answer →
We kick off our Leadership Hall of Fame, a year-long look at the top business books and authors, with an excerpt from Practically Radical, written by Fast Company magazine cofounder…
Visual Stop Losses are Not Stop Losses →
I know you.
I know that when Summer of ‘69 by Bryan Adams comes on the radio, you roll up the windows and scream the entire song. I know that you watch Gossip Girl on in-demand when no one’s home…
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Trading Day Recap for 01/03/2011
Today was my first day back trading after a 2-week vacation for the holidays.
The day started pretty quietly. The Pound did not have much movement. I saw a gap lower on the chart and no follow through. That indicated to me that very low volume was present. I focused my attention on the Euro.
I made three trades.
Long @ 1.33236 - Stopped out @ 1.3315
Was trending down in the channel, I thought...