JPY
New rules going forward
The shorter hold times are serving well, and I'll continue to pull what I can from this strategy. Likewise, diving only in deeper pools is keeping fills reasonable. With quicker trading, one cannot afford much slippage, so keep that in mind before every trade...
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No man's land
It's possible I get some very short term setups, but I am careful of what I trade. I'm more likely to get long JPY (yen futures), rather than mess with the constantly evolving game in US equities. I know several traders that scored...
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3 trades to watch today
Too often traders not only have an opinion, but become inflexible. Direction is never a definite, but rather a probability. It's easy after a good day to convince yourself you "know something". Don't get off track...
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What I'm doing
Rather than add to the confusion and re-hash the same stories, I'm writing this brief post to share how I'll handle the turmoil. First, current positions are hanging tough, so no action necessary unless stopped out of PGH...
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How to trade: The 3 "S's"
Trading is a game of acting correctly as second nature. As such, it helps to break things down so that you can remind yourself where your focus should be to "keep it simple". This is a theme I continually mention, as it's contributed more to my success than any other factor...
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The only 3 reasons to exit a trade
In my ongoing effort to demystify successful trading, I thought I'd share how I know to exit a trade, whether it's a winner or loser. As always, I'll keep it plain and simple:
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In the driver's seat
It feels like forever since I really got a hold on a great trade, but today I'm hitting all time highs in equity again. Being the end of August, I don't expect strong follow through in any asset class. Recall that I will continue to try the long side on commodities because the long term trend is up...
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Buckle up!
I prefer to have confirmation in various groups, indexes, and world markets before initiating new positions, but that's not always possible. I'm currently adding to my equities (short financials and looking to add real estate), as well as accumulating...
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The time is here
Of course I cannot know for sure if this is the bottom in commodities, and or the top in stocks, but I'm comfortable taking a stand here. As I often discuss, almost all asset classes are linked. For the past couple years, the JPY (yen) and the $CRB have been reliable indicators...
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Too soon
It's premature to start buying stocks for a bounce, in my opinion. It appears I also covered my shorts too soon, although I've had a decent run lately. The "press" keeps reminding us that the $USD is oversold and about to strengthen...
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