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.
Regular readers knoiw that a key component of my trading rules is to have stops in place at all times and to keep them up-to-date.
Over the course of this year, I have been shafted a few too many times by opening-bell nonsense that I've decided it's time for a change. My short position on SQM last Friday took the cake. Here's the minute-bar graph of Thursday and Friday. You can imagine where my short got stopped out:
I wrote a trilogy on some new software that I have been using the past couple of weeks … whoopdedo right? While there are plenty of software packages available to traders out there, I think this code should hit home with traders because it really focuses on the trend of price. I have found that most intra-day traders get caught up trading against the dominate trend and/or don't stay with a trend long enough to maximize their profit potential.
Anyways, I'm not saying all traders should use the system but I think reading the three blogs will open some traders' eyes about how they look at intra-day trends. For that alone the trilogy is worth the read.
Part 1 of the trilogy goes over the software and its color coding features, the second the software code's histogram feature, and finally the third covers a couple of hours of intra-day trading from a recent day to show how it works.
Check it out if you want to learn more about trend trading … here is the third part of that trilogy. Cheers …
Another weekend. Half of December is over and people have started to doubt about Santa. It seems people are worried about not having a white Christmas. For those in doubt let us look at the daily seasonality of SPX for the month of December again.