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Like a turtle to his balcony...


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  #1771 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

So, while yes, I could try to buy the lows and sell the highs today, or just buy the lows actually, I don't want that to make me see the trees today. This is a forest wide risk versus reward point as a seller, and that is not the right direction today

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  #1772 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

So I am using this journal as somewhat of a diversion, making sure I take a good lok at where we are, what is happening, that the real move may not come first, all of that. Using this journal to draw out thoughts.

Taking a walk, drinking some water, chatting on Facebook (which I never do). Sending emails to friends about analysis.

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  #1773 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Staying focused while doing nothing about it is a balancing act...

"It should turn about here, are they buying/selling agressively, timidly, regretfully even?"

"Where are the stops being placed to either get out, or, to get IN?"

"How will volume be affected by the 4th of July coming up?"

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  #1774 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Today is not a normal day for oil. Today could be in future history lessons.

A country's military has sided with the people, and has laid on the table that it will go against the government if required.

That is a hard situation to imagine in the US.

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  #1775 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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GaryD View Post
Why are they willing to keep paying slightly more than oil is currently worth?

Because the risk about what we do not know yet is perceived to be heavier to the upside.

We trade the future, and what "could" happen scares people into buying insurance on everything from cars to homes to medical to life itself.

You should watch the Darin Newsom webinar on futures.io (formerly BMT).

Mike



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  #1776 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

To swing trade correctly, for me, what works seemed counterintuitive to me for a long time. The originial thought was; "If that is where the best risk to reward opportunites are, why not bet bigger?"


The reason is, if I am trying to swing trade, is that most important, once the risk becomes enough that I am concerned about it, I can no longer manage the trade correctly over a longer time peiod. It keeps my body too tnese for too long, and being stressed out is not what I want out of trading.

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  #1777 (permalink)
 
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 iqgod 
Mumbai, India
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GaryD View Post
And for a new trding alternative, I have started studying flamenco guitar, something I have never played before. It is new and exciting and challenging and intoxicating.


Take a look at Paul Gilbert playing the Flamenco guitar here, I can barely keep up with his fingers


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  #1778 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


iqgod View Post
Take a look at Paul Gilbert playing the Flamenco guitar here, I can barely keep up with his fingers

I am not there yet. never played flamanco at all. It will be a few weeks before I can play the easy one.

But, interested. Our new neighbors came from Argentine and I have been asked if I can teach their son to play that style of guitar. I thought it would be a good study for both of us, but need to get ahead of my student before I claim to be the teacher.


His right hand technique is just as intense

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  #1779 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011





Newbie trader. Glued to the news and not marking up his charts...

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  #1780 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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GaryD View Post




Newbie trader. Glued to the news and not marking up his charts...

Is that "short squeeze" ?

Mike



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Last Updated on August 5, 2013


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