Archive for the 'tools' Category
Excellent Graphic From NY Times
Couple important notes and our first exit.
Crox will be an exit for tomorrow from our “shorts are longs?” portfolio. It’s closing price today is above the high of the previous 2 days. That’s all that’s needed to trigger the exit, and we will exit at the open tomorrow. For my new long entry we’ll use CAH which I picked up from a post over at the Slope of Hope.
Also in the trading room today it was insane. Too many stragglers, strangers, freaks, nuts and freakazoids you could imagine. It will now be password protected. Regardless of the interruptions I had another great day.
Email me at dayvejohnson@gmail.com if you would like the password.
Have a Great Night!
Dave Johnson
An Essential List for any Trader
Globetrader in one of his earlier posts had posted a spreadsheet for testing your risk of ruin based on some basic trading statistics. A fantastic tool from a fantastic blog.
Also Murray Ruggerio’s excellent article on cross market analysis and prediction (pdf)
From Linda Bradford Radke, lot’s of her market wisdom with these articles (a plethora)
Eventually this market will go down. Learn basic stage analysis to get an idea when that may happen. Weinstein has always been a favorite of mine in all trading timeframes.
Maybe stage analysis does not do it for you. Years ago I scanned a page from Yale Hirsh’s “Don’t Sell Stocks on Monday” in which he referenced a market timing system that had an amazing record at the time. With rising yields some of these factors could eventually come into place.
Now that you have the basic tools you need just head over to Dr. Brett’s site to get your head screwed on straight - so you can actually follow your rules.
Have a Great Night!
Dave Johnson