What a terrific day! The Dow was down just 64 points, but I would give myself an "A-" in riding all the waves up and down. Overall, I made 3.75% today, even with all the little IRA bullish positions tied around my neck. I'll do a wrap-up later this afternoon.
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.
Candle Patterns
My trading is going amazingly well today, so I have nothing to add to my recent commentary. I will say, in the meantime, I am very excited to let you know this week ProphetCharts will be enhanced with candlestick recognition! Check it out…..
This has been a very "in-demand" feature, and I'm thrilled to see it nearing completion. I hope you like it too!
Surfing Those Waves
I have no idea why, but everything is going fantastic today. I covered shorts this morning at great prices. Went long (briefly…….twice), both instances profitable. Mostly, as I've said, I'm just entering brand-new stops across the board. I've been stopped out of nothing). The key thing is to stay two "-ble" words – – humble and nimble. Because when one is doing really well, it's a fantastic time to royally screw up.
Long Again
I've accumulated a position of 40 ES (long) at 817 with a stop at 817.75. I'm tightening up stops on my puts and shorts, and I closed out my big short positions (OIH, GDX, and /ES) earlier today.
SOH Readers and Everyone Else
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.
