Posts filed under “Trading”
Attention All Astro-Traders & Financial Astrologers!
That was the subject line of an e-mail that hit my inbox yesterday. It was curious enough that, unlike most of the junk sent my way, I went to Google to see what and who it was all about.
The discussion was forwarded to me by a successful trader I know in the Seattle area, with the observation “It is amazing the lengths people will go to in seeking predictability” along with the tongue-in-cheek comment, “I always wanted to be an astro-trader!”
The e-mail was about a “long awaited” book — really a trading course — titled “Secrets of the Chronocraters,” by Dr. Alexander Goulden. The e-mail boldly claimed this work is the “DEEPEST & MOST ADVANCED work on Financial Astrology ever written!” Which to my skeptical mind, is like arguing which real housewife of New Jersey is the most probable winner of next year’s Nobel Prize in Physics.
Did I mention it is now on sale at the low, low price of $3,600? That seems like a perfectly fair price for “a concise, applied manual, which will predict market trends and turns like nothing else.”
Column continues here
Full email after the jump
As January goes, so goes the year?” That is the pithy version of the January Barometer. First identified by Yale Hirsch of the Stock Trader’s Almanac, it suggests a correlation between January’s performance and full-year returns. I am not a believer in the many omens Wall Street traders tend to obsess about, including…Read More
Last week ended on quite the down note. Friday’s big selloff saw the Dow Jones Industrial Average drop 2 percent, or 318.2 points. The Standard & Poor’s 500 Index fell 2.1 percent (38.2 points), while Nasdaq Composite Index declined 2.2 percent (90.7 points). The technically significant issue was that Friday was a 90/90 day —…Read More
We awoke this morning to see futures deep in the red. Over the past two weeks, markets seem indecisive, unable to make much progress. Lots of days began with positive trades, only to roll over and fall into losses. Several days that began in the red closed negative, though usually off their worst levels. Last…Read More
On Monday, we saw a sell-off of more than 1 percent across major U.S. markets. Europe and Asia followed suit the next day. Judging by my e-mails I received, this was it, the beginning of the end, and “you unrepentant bulls are finally going to get what you deserved.” Except not quite yet. Tuesday and…Read More
Over the holiday vacation, I try to kick back a bit, unwind, recharge the batteries. But I still scan my favorite media sources and blogs for interesting ideas. One that stood out was a short post from Greg Harmon of Dragonfly Capital. Titled “We Are All Useless Morons that Suck,” it actually made me laugh…Read More
Let’s face it you suck at investing. Your adviser sucks at investing too. If you had picked the best stock to buy every day you could have turned $1000 into $264 billion by mid December. That is a 26.4 billion percent return. Did you even get a 1 billion percent return? How about 1 million…Read More
I wrote this a decade ago, and if you keep only one resolution this year, this is the one it should be. It will open a cascade of improvements for your finances . . . Take Responsibility for Your Stock Losses Barry Ritholtz RealMoney.com, April 12, 2005 “He who blames others…Read More
We previously published Art Hurpichs’ Market Truisms and Axioms back in 2011. Art is a CMT with Day Hagan Asset Management, and he returns with an updated set of Stock Market Rules to Remember. Enjoy. ~~~ As you are reading this, we are in the process of moving our “youngest” to Virginia, as he prepares for…Read More