Posted on May 8, 2009 by Adam
I started out with next to nothing in my trading account. When I was 18, working my first real summer job, I deposited part of my weekly paycheck into my brokerage account. When I finally worked up the minimum amount ($2000) I was delighted, only to find out I was pretty limited in terms of [...]
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Posted on March 23, 2009 by Adam
I don’t know about you guys, but I tore the freaking cover off the ball today.
Yeah, yeah, the market is up 5.5%. My account is up 21% today.
I know I’m bragging, but I deserve it after getting knocked around for three weeks straight last month.
The big breadwinners today? HES and RIMM.
Copied and pasted from my [...]
Posted on March 19, 2009 by Adam
Well folks, we did it. After more than 200 years, we killed the dollar.
The United States Dollar, born in 1792, lived a good life. It is survived by its siblings the Pound, the Euro, and the Frank (the Yen was already dead).
When the Fed announced its plans to expand its balance sheet yesterday, it established [...]
Posted on March 5, 2009 by Adam
Trading is hard - I’ll be the first to admit it. But that doesn’t mean we can’t be profitable over time, even if the market is down.
The key lies in defining your risk and reward on every single trade
What do I mean by risk and reward? I define risk as the maximum amount the trade [...]
Be on the lookout for an extended pullback.