The journey from trading novice to trading pro requires picking up a number of skills. How you get there is an important decision. There are three main ways that I am aware of and the main difference between them is how long it will take to reach your goal, assuming that trading is right for you at all. The main differences between them are the difficulty and the time to learn. They are: (more…)
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.
In mid-July when TK announced his upcoming vacation plans, I emailed him offering to help keep things flowing on Slope while he was hitting the highways and byways of Europe so that he could focus on VACATIONING. I expected, as he’s done in the past, to graciously thank me, yet, decline and continue to take care of his baby himself even while traveling around the world with his family. However, this time, a couple of days prior to his departure date he surprised me by taking me up on the offer and I was happy to assist.
I knew that with all of the top notch contributors, my job was easy… put up a new post every couple of hours, let Slope be Slope, and that’s exactly how smooth things have gone. I can’t thank the guest writers enough for stepping up, taking the time to put together their content but also their willingness to share it for us all to see, it isn’t easy to put yourself out there with your prognostications.
First, a heart-felt welcome back to Tim and his family.
I am keeping this blog post simple and short. After this week, the charting landscape has A LOT more damage on it. We have seen 7% corrections already from the $SOX and $TRAN. Big bulls and institutions will need to step up boldly and quickly to prevent this entire market from moving into a formal market correction. Distribution days have remained pervasive throughout the week, and well documented by publications like Investor’s Business Daily. Since I have shared so many chart over the last 8 days, today I am sharing just one.
Here is today’s swing-trading watch-list:
Short Cosan (CZZ)
Short Swift Energy (SFY)
Short American Airlines (AAL)
Long TIBCO Software (TIBX)
Long Cliffs Natural Resources (CLF)