Author Archives: fulltimetrader

Goodbye 2011

So there goes my first year of trading.  The bottom line is that I lost 9.8%.  I made all kinds of mistakes, but certainly no luck to help alleviate, only jinx to boot.  If my trading skills were sub par, … Continue reading

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Market Is An Untamed Beast

Even if you raised a tiger in captivity as a pet, he will someday return to his beastly nature and kill you.   I did not grow up with the market, and do not know the market dynamics fully, and … Continue reading

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Want Quick Profit? BBBY

So I hold a small amount of SPXU bearish ETF while expecting the market to grind higher.  The market was going higher and yesterday RIGHT before the close I saw a posting on a forum from a worthy trader: Look … Continue reading

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Here Comes The Santa Rally

Frankly I don’t know and don’t care what moved the market today. I’ve grown tired of having every news from Europe to shake up the market.  The bottom line is that SPY was up over 3%, and the Dow over 330 points; … Continue reading

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76.40 Fib Retracement of the OR

Missed the day trade entry on the 76.40 Fibonacci retracement of the open range.  Left my desk 3 minutes before the hit (see circle) to check what my wife wrapped for my niece for Christmas.  Enough said.  I had to … Continue reading

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23.6/76.4 Fib Extension

It’s only midday.  I drew the Fib extension of EXK based on yesterday’s high and low to gauge the progress of today’s gap down, while there is no support any where in sight.  Guess where it bottomed?  Yes, my favorite … Continue reading

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Couldn’t Sit Tight

I had run out of patience in this market and could not sit tight today.  According to Jesse Livermore, this is how one would beat himself.  Here’s a living example: I saw a tweet about DMND down over 20%.  I … Continue reading

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