Category: Food for Thought
Credit Crisis: Are We Set Up for The Perfect Storm?
| January 30, 2012 | Posted by admin under Economic Data, Food for Thought |
Credit Crisis: Are We Set Up for The Perfect Storm? Robert Prechter discusses what’s backing your dollars Originally published January 26, 2012 By Elliott Wave International In this video clip, taken from Robert Prechter’s interview with The Mind of Money, Prechter and host Douglass Lodmell discuss “real” money vs the FIAT money system, and what is…
Probabilities Part 2: Scoring the Probabilities in Trading
| January 29, 2012 | Posted by admin under Food for Thought, Intro to Trading |
Probabilities Part 2: Scoring the Probabilities in Trading By Cory Mitchell, CMT Part 1: Probabilities: What are the odds probabilities in trading are calculated wrong? introduces probabilities and some potential issues – namely Availability Bias. At the end of that article the following question was posed: A man likes two women, and is going to ask…
Probabilities: What are the odds Probabilities in Trading are calculated wrong? Part 1
| January 15, 2012 | Posted by admin under Food for Thought, Intro to Trading |
Probabilities: What are the odds probabilities in trading are calculated wrong? Part 1 By: Cory Mitchell, CMT Probabilities explain the chance of something happening. Probabilities in trading are often discussed, but humans have an abysmal capacity to understand and calculate probabilities. Our minds are just not hard-wired for it. We love to assign probabilities though,…
The European Debt Crisis and Your Investments
| January 10, 2012 | Posted by admin under Economic Data, Food for Thought |
The European Debt Crisis and Your Investments A look back on 18 months of analysis and reports on the European Credit Crisis January 10, 2012 By Elliott Wave International In 1999, 11 European countries surrendered their currencies for the euro and a shared monetary authority. Barely a decade later, the once-celebrated EU is in the…
How DEEP Will Cuts in Government Services Go?
| January 9, 2012 | Posted by admin under Economic Data, Food for Thought |
How DEEP Will Cuts in Government Services Go? Plus: The check is STILL in the mail. January 9, 2012 By Elliott Wave International “Localities have chopped 535,000 positions since September 2008…” USA Today (10/18) Cuts in government services became conspicuous after the 2007-2009 financial crisis. The first edition of Robert Prechter’s Conquer the Crash saw this coming, even…
Trading Plan Failing? Losing money in the stock market? Ask yourself these three questions
| January 5, 2012 | Posted by admin under Food for Thought, Intro to Trading |
By Cory Mitchell, CMT Struggling to come up with a trading plan that makes you money? Are you losing money in the stock market (or forex market)? Use these three questions to get your trading plan on track. You have come up with a trading plan (for a tutorial on creating a trading plan see:…
My Favorite Things from 2011
| January 2, 2012 | Posted by admin under Financial Humor, Food for Thought |
With 2011 concluded I look back and have picked some of my favorite things from this past year. It was a great year, despite a lot of economic upheaval and political unrest. There will always be issues facing our society and circumstances which we must grit our teeth through in our personal lives. It is…
Happy New Year! Preparing Your Finances for 2012
| January 1, 2012 | Posted by admin under Food for Thought, Intro to Trading, Stock Market Analysis |
I learned long ago to consider consequences in my trading and in the choices I make–and it is a lesson I am continually reminded of. When consequences and risks are considered then a plan can be hatched to provide safety (or out performance) even in adverse conditions. Being an eternal optimist seems to be a…
The Top 10 Market Myths Exposed
| December 30, 2011 | Posted by admin under Food for Thought, History Lessons &Trading, Intro to Trading |
The Top 10 Market Myths Exposed The Market Myths Exposed eBook sets the record straight December 28, 2011 By Elliott Wave International Not knowing the truth can be hazardous in just about any type of situation, but especially when it comes to your financial future. To help you decipher market truth from myth, Elliott Wave…
Flash crashes/rips still occurring in stocks: NYSE: WAB
| December 21, 2011 | Posted by admin under Food for Thought, Stock Market Analysis |
Found an interesting article outlining a recent “flash”/”algo gone crazy” event on Nanex (which outlines many other such events when they occur). On December 14, 2011 at 15:53:11, the stock Westinghouse Air Brake Technologies Corp (NYSE:WAB), suddenly exploded from $64.22 to $69.33 in just over 1 second. The price was back under $65 just 3…
What Losing Traders Do – Multi Millionaire Trader Gives You Some Priceless Pointers
| December 20, 2011 | Posted by admin under Food for Thought, Intro to Trading, Techncial Analysis Tutorials |
What Losing Traders Do – Multi Millionaire Trader Gives You Some Priceless Pointers By Vince Stanzione I have been trading futures, options and equities for around 23 years. As well as trading my own money I have traded money for banks and I have been a broker for private clients. Over the years I have…
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