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.
I’ll Give You Something to Cry About
Well, look, I've got a school Christmas concert to attend, and although you should still watch my video, I couldn't neglect to at least honor this moment of Boehner-induced mayhem (did the ES really reach 1391?!?!).
Herba Told Ya So
Fear And Success In Trading (by Market Sniper)
All of us are afraid of something. To say or think you are not afraid of anything is self delusion. Lack of fear is not bravery either. Bravery is being afraid and still following through and taking care of the task at hand.
There are two fears we must overcome to be successful traders as these two fears will hinder and handicap your ability to make money while trading markets. These fears can freeze you in your tracks. Not only will they hinder your abilities as a trader but but also handicap you in all other aspects of life as well.
Amazing
It was only last Tuesday that I wrote how my short idea for McMoran had completed its journey to its supporting trendline (I went into this in greater detail on my TastyTrade show) and that it was time to cover and, for those so inclined, reverse the position.
Well, I just about fell out of my chair when MMR opened this morning; it is up over 80% right now, thanks to a corporate buyout.
It's an instance like this that has given me a lifelong fascination with charting: in a way, this chart provided guidance not only to direction but also to potential. You can see that, even in the face of an extraordinary premium paid, the price for MMR beautifully nailed the price level I had laid down months ago.
Wow!
Of course, there's nothing actionable about it now; the ticker will soon disappear into the annals of financial history. But I think it's interesting to reflect on such an event.
