I must say I am extremely disappointing in the Fed for their silly attempt to prop up the stock market with a fed cut of 50bps this morning. I mean seriously, the entire street was expecting that. If they really wanted to create a very positive reaction they should have tried to catch the market by surprise. Here’s how you … Read More
Bottom in Place?
This last week was out of control. I wish there was a better way to describe it. The volatility seen in the financials, specifically GS and MS was just absolutely silly. I remember I jokingly said on our morning meeting last Monday that GS could go as low as $80 and MS to $10 (they were trading at $140 and … Read More
How to Make that Jump to the Next Level
This past week was a great trading week for me personally. And another example of how I have made a jump to the next level as a trader. I put up bigger than normal numbers on a considerably larger than normal share count. But putting my results aside and the volatility seen in the financial stocks, I traded a lot … Read More
Expectations
So here I’m in the car on my way back to NYC from OBX stuck on some silly traffic. Apparently there was some serious accident near Hampton,VA and that’s causing a 9 mile backup. Rip! We are leaving a day early trying to avoid the tropical storm but seems this drive back is just gonna be messy… OBX was a … Read More
Six Flags Theme Park and Trading
After many years of being away from a theme park I needed a little reminder of how much I like roller coasters and how little I enjoy waiting in long lines. Since I made some good money in the oil bounce and EUR strength this week as outlined in my blog from last weekend I decided to take Friday off … Read More
Is the Dollar Strenght Sustainable?
As I have mentioned in my bio, I have been trading currencies for quite a while. I do not miss getting up at 1am EST to get ready to trade the London session. Yet, these days with the current violent moves in currencies I find it hard not to sacrifice an hour or so of sleep to put a day-swing … Read More
A Sale is a Sale is a Sale!
Yesterday during our morning meeting Steve brought up an interesting point and I couldn’t resist writing a blog post about it. In fact, this is not the first time I have heard about it and it bothers me quite a bit. For some odd reason long-term investors do not believe in taking profits. I can understand not taking profits because … Read More