Let’s start off with my virtual portfolio equity graph.(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 trading, few things hurt worse than money left on the table. (In the unlikely event any of you are unacquainted with this term, it refers to profits forsaken because you were too impatient, scared, or what-have-you and missed out on extra money).
It’s virtually a truism in trading that you’ll score 8% on a given trade and it goes on to throw off 90% in gains. It happens all the time, but it happens CONSTANTLY in highly opportunistic and volatile markets like this one.
I am no stranger to this situation, particularly since my own emotional and psychological makeup doesn’t lend itself to – – how shall we put this? – – stalwart, steadfast, fearless determination. I prefer to slip on a pink taffeta dress, maybe some matching pantyhose, and scurry around closing anything that has a profit.
I’m exaggerating a bit (except for the clothes part), but just in recent weeks, the spreadsheet below shows the positions I have CLOSED, with the “entry price” reflecting whatever price I got when I closed them. Shield your eyes, Frank.(more…)
Let’s start with an email I received about a week ago from a free Slope of Hope user, whom I shall keep anonymous:
I have attempted to introduce myself to your website and your community, but I am absolutely disgusted by the political content of your site. Therefore, I have unsubscribed to as much as I possibly can from your site and community and will have nothing further to do with your ilk. Is it asking too much to find financial discussions that are limited to finance and don't gratuitously throw in political agendas? Particularly political agendas that are just a hop, skip and a jump from fascism and racism? I wish I could say good luck to you but I can't. Instead, I wish you the very worst. - Cathie Wood
OK, OK, the name wasn’t real. I replaced the real name. But the rest is genuine and that; was the entire message. (All I added was the boldface for emphasis).(more…)
I realize that the quantity of editorials and essays that have been written about how People In Restaurants Ignore Each Other and Look At Their Phones Instead is so large that they probably use scientific notation at this point, but I simply must chime in based on a recent experience.(more…)
In the early days of the Internet, there’s something that didn’t make sense to me. MySpace. More specifically, why MySpace was such an insane success. It was the hottest thing on the web, and it looked absolutely hideous. Gross. Horrible. Like garbage. And yet people still flocked to it. It was worth hundreds of millions of dollars, and it looked like a steaming pile of dog crap.(more…)