Matt asked: From: Matth<snip> To: Ken Long <longke@yahoo.com> Sent: Monday, December 30, 2013 8:11 PM Subject: Beliefs Hi Ken: Been working on on my mission statements and business trading plan. I would like to model you – day trading (if you have no objections) What are your beliefs that I could/should find useful. Thanks Matt =========================== my preliminary […]
Tag: Day trading
Why trade?
I have to trade because of the intellectual and emotional challenge and the satisfaction I get from trading well. I love to trade because I find it interesting, and it challenges me every day to discover who I am and what I can do. I like to trade because it combines my passions for action, research, intellectual challenge and adaptation. Trading […]
Live trading workshop and research weekend summary
we had: 1. options trading and grain trading presentations from career traders in those lines of business which were outstanding. 2. Hunter’s discussions of Value Area based on volume stats and market profile were superb and very helpful during a volatile week 3. numerous analytics of various implementations of some of my systems and the […]
Weekend report review, exec summary for Jul 09, 2011
Market in Bull Normal; Market is Overbought on a short term basis Equities maintained the gains this week, with volatility declining slightly inspite of weak employment numbers Blended monthly rebalancing, current holdings: 26 ETF portfolio: FXF, IYR, IEV 13 ETF portfolio: IYR, DIA, EFA next re-evaluation on/about 1 Aug ETF2 notes: no change, adjust stops […]
Tradestation system bundles ready to go
The TradeStation Bundle2 is just about finished; I was proofing the code and appearance today and in the words of Bill Brower, Tradestation programming wizard: “This is very cool” The “Alphastat” which uses linear regression lines and statistics to define trends, can be applied to any number of symbols in order to find those symbols, […]
Important insights from one of our workshop participants this week: a ton of good learning inside these ideas Our initial stop placement reflects the information available when our trade is initiated. Any price action after the trade provides additional information and can be used to update the stop placement. An example is the use of […]
1st hour statistics for high of the day & low of the day
some analysis in our chatroom today examined hundreds of symbols (ETFs and large cap stocks) that make their high of the day or low of the day in the first hour of trading. To our surprise there are a considerable number who’s probability of an early high or low of the day is greater than […]
a good friend of mine interviewed me for his trading web site…
Describe your style of trading (short / medium / long term, trending / contra trend, what instruments….) I would describe myself as a trader in a combination of short-term and medium-term time frames. In my short term trading I would classify myself as intraday with willingness to hold overnight if circumstances warrant it. My medium-term […]
May 10, 2011: resumption of the silver trade, and US indices keep marching up the wall of worry
Now that market manipulation shenanigans in silver have subsided, the longer term fundamentals driving prices upward have begun reassert themselves, namely excess printing of money by most major economies, fear of debt defaultsthe U.S deficit, , the political unrest in the Middle East & North Africa, the depreciation of the dollar, accelerating global inflation, the growth […]
Tortoise daily trading plan review, Apr 24, 2011
http://www.youtube.com/watch?v=FkHEL2PUNrw daily trading plan review Market in Bull Normal; Market is Overbought on a short term basis Equities have stalled vicinity the previous swing high, with signs of confidence in emerging mkts and Asia beginning to emerge. Precious metals, commodities, energy of any type are dominating, especially silver Rebalancingproject: Monthly rebalancing : next re-evaluation on/about […]