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.
For the Joy of Weeding
When I was a lad, my favorite times with my father were in the garden. He had planted a bunch of vegetables in the back yard, and I took a lot of pushing the plow around, planting the seeds, setting up the sprinklers, and watching things grow. The least-favorite task, of course, was weeding, but it was an important part of taking care of a garden.
I’d like to share a couple of thoughts about how I think this plays into trading, or at least my own style of trading. Let’s take a look at this daily chart of one of my positions over the past couple of weeks:
Stop Loss Wiggle Room
Here’s a bit of a sad tale! I was short COST with a stop at 1018. I set the stop based on its price gap just below that level. I have drawn a red line to show where 1018 is, and as you can see, it traded briefly above this area, executing my stop-loss order, and then……….well…………..
And Yet He Persisted
I’m supposing you’re wondering how your friend and humble narrator is doing. Here, via the latest Slope technology, is a live TimCam:
Refreshing the Rules
After the past three weeks, I’ve been in a – – how shall we say this? – – reflective mood. Instead of sulking or grumbling, I prefer to direct my energies into examining my Trading Rules page. What I’ve done is update it and, importantly, vastly simplify it, moving secondary rules into a lower portion and keeping what I consider the key four ones on top. Give it a read! And remember, don’t light people on fire.
