Counting with Doug: Financing a trip to Lake Tahoe solely with blackjack winnings?

Archive for May 2010

Go-to trade triggers, as 50-day average doesn’t hold! (QLD)

In Trades on 5 May 2010 with 2 comments

Every speculator has a “go-to” or automatic trade to fall back on, and one of my favorites triggered a buy signal today. The buy signal is to purchase QLD, the ultra-QQQ 2x ETF, when its RSI (5) reading falls below 30. As it was under that for most of the day, I picked up 250 […]

Seeing red as markets go reeling

In Pure speculation! on 4 May 2010 with no comments

Well, this is a day that is long overdue in the old equity markets! Just a few minutes before the close, it is certainly looking like a big distribution day. Lets take stock of the damage done: This chart shows the trendline from the February lows (black line) clearly broken, the 20-day SMA (red line) […]

Peeking

In Followup on 3 May 2010 with 1 comment

After you close a trade, do you ever catch yourself compulsively checking the stock price to see if you “made the right move?” Or do you always do this? Sometimes I just can’t resist, although its asking for mental torture. I dumped my Potash position last week because I didn’t want it open while I […]