Charts of Note

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Next bear market victims?
 
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Lennar Corp ‘A’ (LEN)

Builds single family attached and detached homes. With a focus on the middle class home buyer, Lennar is particularly vulnerable to souring national employment trends along with potential foreclosure supply issues.

Also invests in distressed properties with the expectation of realizing a gain as economic trends improve. Another economic dip would extend the time required for these properties to yield a profit, meanwhile taxes and upkeep make distressed property a negative carry proposition.

Trading at 1.8 times book value, and is vulnerable to a writedown of both its traditional home portfolio and the value of distressed properties.

LEN broke a key support level at $24 early in June on high volume. A drift back up to the 50 EMA creates an attractive short entry point.

Full commentary here...
 
anybody know of functions or proxy for US treasury? i dunno how to get the us treasury curve or chart of US GOVT debt.

i dont wanna use ETFs.

i have TOS.
 
Quote from darkhorse:

Sigh / yawn. This is the yoda / kung fu panda myth. "Do or do not, there is no try... find the secret within you, grasshopper, and all will be revealed..."

The myth is appealing because it suggests a shortcut to trading success that does not involve talent, hard work, or long years honing and perfecting the craft.

The idea that trading magically becomes "easy" just because you will it to be easy, because you suddenly found the right frame of mind, is a form of holy grail, not much different than the indicator holy grail (if I just find the magical combination of MACD, candlesticks and blah blah blah...)

And you know what?

Sometimes trading IS easy... sometimes the money comes flying in through the window... but other times trading is hard as hell, and preservation of capital is key, and anyone who foolishly believes trading is easy after experiencing a good run is susceptible to giving back all their capital and then some.

Or put it this way: To a marathon runner, a twenty mile run is "easy" in the sense that they can click off the miles no problem, using their well trained muscles and prepared physique to do so.

But try to convince some fat slob couch potato that marathons are "easy", all they have to do is attain the right state of mind, and see how far they get. It's bullshit without the training, the dedication, the practice.

Last but not least, if you think of trading as a competition, which it is, you need to understand that top traders have all that AND a bag of chips -- they have access to the same Tony Robbins riffs that you do, they wake up feeling positive and motivated every day, AND they work their asses off AND they have exceptional talent, drive, consistency etcetera. Mindset as an edge? Bitch please. Mindset is table stakes for even having the right to step into the octagon.

The truth is that trading is a hard business in which one competes day in and day out with hard and talented competitors. If you don't work hard and show an above average degree of drive, talent and consistency, then all the chicken-soup-for-the-soul bullshit mantras in the world won't help.
More...
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This!

27+ year full-time trader (position/swing/intraday); I outwork 95% of my competition and my edges are constantly {I mean constantly} being evaluated and re-evaluated on a weekly and bi-weekly basis.

I don't want to trade anymore; I have to trade. It is more than just a career. It is what I do.

I welcome the psychology movement~~more participants putting on positions.

peace

hedvig
 
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