Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

SOH Readers and Everyone Else

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One of my favorite Slope readers sent me this fascinating article about the "Two Americas" – literate and not – here's a snippet:

There are over 42 million American adults, 20 percent of whom hold high
school diplomas, who cannot read, as well as the 50 million who read at
a fourth- or fifth-grade level. Nearly a third of the nation's
population is illiterate or barely literate. And their numbers are
growing by an estimated 2 million a year. But even those who are
supposedly literate retreat in huge numbers into this image-based
existence. A third of high school graduates, along with 42 percent of
college graduates, never read a book after they finish school. Eighty
percent of the families in the United States last year did not buy a
book.

Groundhog Day

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I was already short 20 /ES on Sunday, and I added another 20 /ES to the short and tightened my stop to 826.75. When I got up this morning, the market was below 810, and I covered. Once we get this close to 800, I feel my profits are satisfactory.

Of course, as many times as we keep bouncing off 800, that means a snap below 800 would be fast and furious. In the past, however, I have found that when I have a really profitable overnight trade, I would be better off just taking the entire day off than trying to keep trading, since I usually fritter away those nice overnight gains. So I think I'm going to count myself satisfied with what has been given to me overnight!