That's gonna be me in that tent for the next couple days. Just FYI, I won't be available until Monday. I hope you all have a great Labor Day weekend and try to get out and do something before the weather turns if you live in the midwest or east coast as I don't have to remind you that winter lasts what seems like 5 years once it's here.
During the U.S equites session today I came across a great play on AMZN. The bulls had maintained control throughout the morning and price began to consolidate during mid day. It was time for the market to decide who was going to gain control into the end of the day. I put my money on the bulls today because their amazing display of power this morning most likely demoralized the bears, which means that they would be afraid to play the reversal when the bulls finally took a break. I ended up being correct on that assumption and came away w/ a $930 gain and a good lesson on breakouts. Enjoy. - Shoot-
Statistician Nic Marks asks why we measure a nation's success by its productivity -- instead of by the happiness and well-being of its people. He introduces the Happy Planet Index, which tracks national well-being against resource use (because a happy life doesn't have to cost the earth). Which countries rank highest in the HPI? You might be surprised.
After much anticipation forex traders and brokerages in the United States can finally breathe a sigh of relief. On August 30, 2010, the Commodity Futures Trading Commission (“CFTC” or “Commission”) published its final rules (“Final Rules”) on Over-the-counter Retail Foreign Currency transactions (“Forex”). This is ground breaking news for the industry as brokers and money managers were previously able to operate within these markets with little to no oversight – no longer. What exactly do these new regulations mean for forex introducing brokers, trading advisers, and fund managers?
Sam Seiden discusses the Futures market this week, which are the greatest trading markets in the world in his opinion, and tells of the many benefits of them.
Throughout history one subject repeats itself over and over again. How to make money quickly! Bubbles are created and people jump on the wagon to try to get rich quick causing bubbles to inflate more and more. Eventually however, all bubbles are popped. The longer the bubbles last the harder the pop. A couple of recent examples of bubbles may include the dotcom bubble, and the housing bubble.
The South Sea Bubble of 1720 is an interesting example to read up on. There is a link here with the history of it. There is a funny video below reacting the South Sea Bubble of 1720. If you watch the video you can see a lot of lessons learned from trading and investing.
Here is a very informative documentary about the psychology of markets, and what academics call behavioral finance. Something that every trader should be well versed in.
Hey Everyone,
Statistician Nic Marks asks why we measure a nation's success by its productivity -- instead of by the happiness and well-being of its people. He introduces the Happy Planet Index, which tracks national well-being against resource use (because a happy life doesn't have to cost the earth). Which countries rank highest in the HPI? You might be surprised.