Great Wallstrip Interview with Commodities Trader Eric Bolling

Always enjoy a good interview with other traders. Wallstrip brings some of the best. Good weekend everyone :) I’m in Portland until tues night so won’t be able to be full force into trading til Wednesday as all i got with me is my laptop as oppose to my quad screen trade station back home in Diego.

p.s. Had to show some love to the old host Lindsay Cambell cuz i kind of have a secret crush on her. Well i guess its not a secret anymore ;)

A Catalyst Day in the Market. Is this A real Breakdown? Or a Bottom?

Hey everyone, not too bad of a session Thursday as we went long in 4 positions on a some 400 point downside day in the market and came out on top. Technically on the daily chart Thursdays move signaled a huge bear signal breaking down from its descending triangle. But what have we been a huge witness to lately? Thats right false breakouts and breakdowns. Currently as i’m typing this newsletter at 12:30 am pst here in San Diego Dow futures are up 265 points indicating this could be yet another false breakdown and Friday could be a big short squeeze. Yet i’m not gonna act like a have a crystal ball here saying whats gonna happen tomorrow, that would be silly yah? This current market environment swings all over the place and we’ve seen the DOW move hundreds of points in minutes on a regular basis. Who would’ve thought we would see the day? But we are seeing it. We’re living it and breathing it daily and trading our way through it……..Lightly and conservatively i might add. Tomorrow looks to be a catalyst move in the market as we are either continuing this breakdown to 2002 lows near 7200 or the market is gonna bottom…. I’ll study my tarot cards tonight and see what they say ;)

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Video: Cashed in for Some Profits Day Trading IPG, AIG, LVLT, and MS

Not too bad of a trading session banking on the long side while cutting losses short on our losers.

Technical analysis Day Trading Review :

Stock picks

LVLT

L

0.84

0.89

5.95%

IPG

L

2.92

3.01

3.08%

AIG

L

1.68

1.65

1.79%

MS

L

10.6

10.43

1.6%


Technical Analysis Day Trading Review: IPG, MS, LVLT, and AIG from Cameron Fous on Vimeo.

Some Tips for Trading in This Market. Annnd A watch List

Ahhhhhh another demented week in the market behind us of tainted economic news, Volatile market sessions of unpredictability with 800 point single day swings in the Dow, and intraday charts looking bullish one minute and completely bearish the next. The trading warzone that we’re engulfed in continues to place heavy pressure on ones ability to stay disciplined and keep a clear head in a time of turmoil. I continue to remain extremely cautious with the trades i make in the market as uncertainty remains high. I am not in dire need to make massive amounts of money in a time like this. There will be plenty of opportunities in the market to make money but trying to force trades to make money will lead to your failure. My main goal is to not lose in the stock market, and i would suggest this to be your main goal as well.

The majority have suffered this year such as hedge funds being down for around the 6th month in a row. Warren Buffets empire has lost over $10billion in value this year. All the while our Black Service portfolio is up around 119% on the year making it one of the best years ever here at ttt.net since i started this website in early 2006, even with this chaos over the past several months. So we’ve banked heavily this year. Now we should focus on keeping these gains as well. Don’t wage heavily on risky positions “hoping” to get lucky and dig your self out of a hole. Many a time when traders lose big, they bet big again trying to get themselves out of this stuper…. most often ending in failure. People let their emotions take over and don’t think rationally. This is why most traders don’t win in the long run. Think of it this way. Lets set up a scenario.

You fall into a ditch. In this ditch you have the tools to get yourself out of it. You see a shovel in which you can carve out a stair like path way to the top. Yet this is gonna take some time and hardwork. Maybe even a lot longer than it took to fall into this ditch. But this is a safe route to take and you can likely succeed. And then next to it you see something really exciting. Its shiny, its high tech, its a friggin rocket fueled jet pack that you could use to get out of this ditch in no time. Yet in small print theres a warning label that says “with use of this shiny thing, there is a high probability of death”. Now surprisingly theres a lot of idiots out there that would choose the jet pack.. I even used it once years ago and i almost killed myself! Yet this was when i was brand new to the market.. ignorant, undisciplined, and was entranced by the “fantasy” of coming out alive after using a jet pack. The jet pack is not the answer to your problems. If your in a sticky situation in the market currently and you want to fix it. Don’t be irrational and try to make some risky bets hoping that it goes your way to make up for your losses. Because if you lose that gamble you’re going to be way worse off then you are now. And even if you do win, you’re picking up bad habits that will eventually lead to your failure in the long wrong.

Stay calm, stay disciplined, stick to your game plan, diversify, cut your losses, and trade defensively.

over and out.

-fous

P.s. almost forgot the watch list for some stocks we should be watching for some potential trades on Monday :)

pft
optr
frd
hig
fonr
AHII
CRBC
ARWR
STEM
ASTM
ABG

Banking On Bloody Street. Where are the Shares to Short?? – IOSP

Technical analysis day trading review Video for Nov 12th. Lots of opportunities out there just got have shares available to short!
Went Short IOSP..


Technical Analysis Day Trading Review: Short on ISOP and Dow Analysis from Cameron Fous on Vimeo.

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Some Tips from A Former Classmate: Sara Jean Underwood aka: 2007 Playmate of the Year

So i went to Oregon State University with Sara Jean Underwood who was 2007 playmate of the year. I had a couple classes with her yet never had the stones to talk to her haha damn myself…. Unfortunately i don’t share the same skills of some people like member tokyopua who knows all about the art of the pick up. She was pretty intimidating to approach. Of course she wasn’t the playmate of the year yet, but was on the cover of playboy. So obviously all eyes were on her and the magazine was selling like crazy to all the male students on campus(me included). I had class with her before she was on the cover of playboy and yah she was pretty hot. But man to they do some fine editing in playboy mag to make her look perfect. And then once the fact that shes on the cover of playboy comes around, psychologically she just gained huge sexy points in my head. Anyways, shes gorgeous. Here’s a funny video she just did for spike TV that she posted on her myspace bulletin…. Yah… we’re myspace friends. don’t be jealous.. Haha jk shes got thousands of myspace friends pretty sure she doesn’t know who i am.