I make it a rule to NOT trade around earnings. Historically the fundamentals rarely pan out in my favor so I stay away. The irony is even when earnings are higher than expected it’s usually a case of ‘buy the rumor…sell the news’ scenario. And yesterday’s small but ‘surprise’ positive earnings report for HNRG was…
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Why Risk Playing with Thieves?
This is the kind of crap still going on. For the life of me I can’t figure out why traders mess with these cryptos. Pick an underlying that’s real and regulated. The worst that can happen is some slippage and a bad fill. You’ll NEVER experience this trading Forex or Stocks or commodity futures through…
My Jerome Powell Indicator works
Months ago following a Fed update (might have been after Jackson Hole from memory) I sarcastically wrote we could almost use Powell’s speeches as a new indicator we could trade with. Paid me off today with my long ‘M’ Aussie $$. Normally I’d sit out F.O.M.C. days but I could just see the reaction coming…
There’s NO Hiding it
Five Minutes from Hell Like the bulls running through the spring streets of Pamplona Spain, you can see them from a mile away. And I’ll show you what I mean. My apologies for doing such a lopsided screen shot of my chart. I grabbed it quickly just to illustrate the stop running five minute session…
Traders…Start Your Engines
All these long years I’ve been writing AGAINST trading Bitcoin. It’s never been about the “coins… it’s been about the illegitimacy of the entire up-hill battle to offer a trading vehicle where we could repatriate our money. Win or lose, I wanted to know my positions were backed by reputable, controlled and regulated exchanges. I…
Where Does the 4 Billion Come From?
A very good question. (read the full story) but these things also beg the question…where does it go? Certainly never to the folks who were defrauded of their money. Trade a stock! Trade a currency! Trade a commodity. Trade a vehicle that’s controlled, regulated and except for an error in judgement, SAFE!
I Hate to Gloat but…
Hope SBF looks good in a jump suit! Writing for years on how bogus and full of theft the unregulated world of Crypto is, very recent events delight me. The long arm of the law came down on Sam Bankman-Fried’s throat. (is the name ‘Bankman’ for real?) To keep my joy fact-full and not gleeful,…
Lead into GOLD
“Up in the morning, up in the morning, out on the job. Well you’ve got me searching searching for… searching for, the philosopher’s stone. Even my best friends, even my best friends they don’t know That my job is turning lead into gold. It’s a hard road even my best friends they don’t know And…
Muddy yet Clear
Cross pollination of Fib zones points toward all the important areas attracting buying support. We shall see if it holds. Creates a muddy picture but will the waters become clearer soon? Tight stop!
Manage Trading Expectations
Successful Stock trading or Futures trading is all about managing your emotions and expectations. You already know that! Stock trading doesn’t often turn out exactly like we want it to. Especially in an uncertain Fed policy environment and with unpredictable International banking problems. This affects our emotions because we are wired to want instant results…