Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (397)	4/24/2003 2:21:35 PM
From: Londo	Read Replies (1) \| Respond to of 666

I have made too many mistakes in my past history by trading 'interactively' when the markets are open. I typically do much better entering in orders around 12:00am-4:00am EST after I've eaten dinner, done my research and can place rational orders with stops and wake up the next day and see the results. That way no emotions are in the market at all, since I'm sleeping when the markets open.

To: RockyBalboa who wrote (397)	4/24/2003 3:14:26 PM
From: Londo	Respond to of 666

I'm done trading for the week, closed all positions. Have a good weekend. I'm up ~7% for the week even though I blew ~2% of the capital in my account today, so I should still be happy. But I kind of feel like Tiger Woods when he misses an 8 foot putt - something I couldn't be expected to make all the time, but something I should sink in most. Anyhow, I know that my emotional frustration is going to get the better part of me, so I definitely don't want to get involved in the business of revenge trading, so I'm going to have a good weekend, and relax, and do some non-financial activities and come back with a fresh perspective for the weekend. Something that has puzzled me all of this week is the Treasury Bond future and its correlation to the S&P index. It was very disturbing to see the bond trade down fractionally while the S&P was up a good ~3% between Monday to Wednesday this week. The fact that the TBond didn't drop down more than to the 112 level should have suggested to me that there was a further allocation going into the long-dated maturities (by Greenspan, institutions, or whatever, who knows). I'm going to hit the books and study some data probably Sunday. Good luck with your Euro and have a good weekend!

To: RockyBalboa who wrote (397)	4/25/2003 8:05:16 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 666

EUR did a hefty slump under 1.10 but met good support at 1.0950 (Future). It was quite obvious to trade it against the support a few times, it is drawing a rectangle in the 1.0966/81 range. It will be interesting whether it survives the next assault. Usually this is a good continuation pattern especially in this short term overbought area. It is not cheap to trade because it needs a hearty execution and no blinking and some leeway until the next stop. if it was so obvious, no one would trade it.