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  1. M

    Psychology at 52 week highs/lows

    Unless you are trading a "market neutral" strategy you have to take into account market direction. So I'd have to agree it helps alot. As for shorting 52-week lows and getting burned... it happens. The reverse can be said when buying 52-week highs. Thats why if your trading or swing trading...
  2. M

    Psychology at 52 week highs/lows

    I'd rather short a 52-week low personally. This is what I know and do so I am a bit biased. However, determining the appropriate 52-week low to short is key. Not just any will do.
  3. M

    How do you reward yourself for good trades?

    I open a great bottle of wine...preferrably a Cali Cult Cab... When I have a bad trade bring on the Jack Daniels!! Is your account value where you want it? If you need the money you take it, if not you might want to diversify it. I am not much of an investor so I leave it up to the...
  4. M

    Psychology at 52 week highs/lows

    I have seen so many bad trades by both institutions and individuals that I don't know the answer to your question. The minority is right a majority of the time. Hence, once I narrow down, and rank, the "stocks to watch" for the day/week I leave it primarily up to risk management. I am a...
  5. M

    Psychology at 52 week highs/lows

    I think you have to look at whether or not the person/institution is "married" to the stock or not. If you let emotions get to you at either level you could find yourself with less money in your account. You would think being an "Institution" they wouldn't get so attached to stocks but I have...
  6. M

    Does a trader want this volatility?

    JSSPMK, Nothing better then feeling like a piker to re-focus your head. I always found I trade extremely well after days like that. We all have them some times. I for one like moderate volatility... the past 2 days had more then I typically care for. I am always ok sitting on the...
  7. M

    Short CL/Long NG ? (Dennis Gartman Reco)

    I am not familiar with the trade but from people I know at large institutions Gartman is highly regarded for his market commentart/analysis. He writes a daily global market commentary newsletter that many institutions use to gauge the markets. From what I hear his service is not cheap but...
  8. M

    New LLC -- good bank for small business?

    I would check out Wachovia if they are available in your area. I have several accounts with them including 3 LLC's. They have no minimum for the first year on there basic business checking account and they give you a credit for free checks. I believe after 1 yr the minimum is only $1000...
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