Market CommentaryMore Market Commentary
“I avoid trading losses at all costs; I hate losses!" "Trading losses are just awful! I can’t stand them." "When I have a trading loss, it just shows I'm not a good trader, husband, father, provider, … or person!"
How many of us have such thoughts about trading losses? Most, I would imagine, though we never talk about them. We may not even acknowledge them, but they are important. Such thoughts cause us to cut winners short, hold onto losing trades, avoid pulling the trigger, and even over t...Read More
There is no denying that paying attention to sentiment-driven indicators could tilt and investor/trader to the right side of a trend. Of course, no methodology is perfect but the probabilities, patterns and past experiences side with the evidence. Emotional responses to news, events and price movements dominate market action, and we can use tools to quantify and graphically display when the emotions are at extremes - and a time to take the other side of the trade.
Currently the preponderanc...Read More
We are at this point again: The last Mercury retrograde of the year is making its appearance fully at the end of August. Right now we are in the so called shadow period when things slow down, as the energy of Mercury intensifies noticeably.
Much feared and misunderstood for its so called communication issues, Mercury retrograde offers massive learning opportunities.
As if that weren’t good enough this particular Mercury retrograde has another benefit
It is passing through a relatively rare ...Read More
October Crude Oil consolidated on Thursday, August 25, 2016, making a nominal new low for the week at 46.42 before finding support and getting back above the 47 handle and settling at 47.33. Headlines from Iran dominated the trading session today with Iran indicating they are willing to attend the informal production freeze talks at the International Energy Forum in September. Iran said it is looking for ways to prop up the oil market. One way to do it is to have fast attack boats harass US S...Read More
In a recent podcast, Equity Management Academy trader and advisor, Patrick MontesDeOca said, “Since the highs in gold back in July, we have seen a surge of tremendous propaganda pertaining to the gold and silver markets. Almost every gold bug out there has come out with extreme videos” anticipating “ridiculously” high gold and silver prices. He said, “A great deal of fear has been pumped into the markets” and “People seem to have gotten onto the fear bandwagon instead of relying on real infor...Read More