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Does anyone have experience trading circuit brakers? What's the procedure during a circuit braker and how do you deal with one? Do you mind having a position opened during such an event?

Some trade to make money, some trade to feel less like a loser. Feeling less like a loser was his prime motivation in taking this trade. If markets would have traded up over the long weekend he would have recouped some of his losses, if it would have crashed, like it did, he knew there would be...

This is what he wrote on his blog: He was clearly gambling in order to make up for a bad day. This is the worst type of behaviour a trader could display and it blew up in his face. He didn't even decide to gamble with the trend.

He was honest about being in a simulated trade. I can't imagine though why someone would have CNBC blasting their noise at them whilst trading.

Schadenfreude, it's an attribute of people who belong to the losing curve within a zero sum distribution.

Apparently the guy has a blog called "High Probability Trading". This what he has to say: He doesn't deserve sympathy, but he doesn't deserve ridicule either. He's outlined his strategy as day trading, yet was willing to take on the risk of going long 10 cars over the three day weekend...

It's like watching the Great Migration on National Geographic. The part where liquidity demand starts to form bottle necks can be compared to the tens of thousands of wildebeast that try to make it a cross the same shallow river crossing. That place is a feeding ground for crocodiles. In the...

Did the Dow gap down alot in 1987?

... You should remember that this downtrend is based off fundamental concerns over the lending system, the housing market and the US consumer. These problems have been discounted for the last two years and are now starting to be priced in. Because market psychology works like herd psychology...

You can't avoid a recession by cutting rates and increasing inflation. The inflation number is accounted for in the GDP formulation. If inflation is greater than production we have a recession.

Seventies style stagflation is a more likely scenario. The monetary system that we have in place is greared towards the dilution of currencies, not their increase of value as would be the cause of deflation. Economies can stagnate as speculation drives up demand for commodities. In the...

Chart for January 18 2008

This guy is one smart cookie...

Keep an eye on LKQX tomorrow. It seems to be ready for another cycle.

ES chart for January 15 2008.

The end of wars coincide with shifts in economic cycles because they reduce the need for money creation. With less money being pumped into the economy, things come to a stand still.

I bet the party is going to cost 3k.

Does it annotate based on price and volume information available at the bar's close or does it annotate in real time?

Chart for January 15 2008

Why didn't you add relative strength to your parameters?