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.

Look Over Your Shoulder!

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Good morning, Slopers! Isn’t this market a blast? And I say that on a morning when the quotes are ALL green. Doesn’t matter……….this is the most enjoyable and most CHARTABLE market I’ve seen in years.

Of course, the mainstream media, which is 99.99999999% permabullish, is spending all its energy looking for reasons for the market to bounce and stating just how insanely oversold things are. Here’s a favorite (take note of the headline……..):


Boiling It Down

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In spite of it being merely four days long, it was a really good trading week. The one giant blemish was how I bungled my AAPL trade, which was a tremendous success from an analytical perspective but an utter gaffe personally, since I managed to completely avoid the 200%+ gain that ensued a mere three days after my post. I mulled it over a long time, and I wrote down this short but sweet ruleset:

An ENTRY is based on a discrete rationale

An EXIT is based on the violation of that rationale OR a discrete profit rationale

There is NO PLACE for whimsy

The first rule I nailed perfectly. My entry was indeed based on a discrete rationale. More specifically, it was based on my superb analysis! It’s the rest of this compact little Guide to Life where I completely muffed it.


Tango and Cash

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OK, that feels better.

  1. I have moved from 0% cash to 25% cash;
  2. I have maintained almost every single position, simply taking partial profits;
  3. I’ve got a ton of buying power IF we move higher next week and have better prices for shorting

One item I didn’t touch at all is Nvidia, which reports next Wednesday afternoon. This thing is totally in the free-fall zone.