I know you think you have good intentions.
But I have a message for you to think about.
Paving the road to hell with good intentions does not change the destination.
When I trade it’s almost always a trade based on pure technical analysis. The one exception is when I trade gold or silver. As I discussed yesterday, the futures markets for gold and silver are ruthlessly manipulated by the bullion banks, led by JPMorgan, whose naked short position alone in silver is proof positive of […]
My first trade in the futures market was silver. It was a long time ago. My timing of that trade was absolutely perfect – for the market manipulators, that is, but not for me.
I chose to go long silver early on a Wednesday morning, entered my trade and placed my stop-loss. At about nine-thirty, […]
I have not posted a comment for several days now. I have been finalizing a large project (not related to trading) and at the same time watching the market(s). The other project will be completed in a few days and I will mention it at that time.
The watching of the market has been interesting. […]
I have not been well the last several days. That usually keeps me relatively quiet, and I am sure that is just fine with many – certainly including my dear wife. But I am feeling better now, so it’s time to “let ‘er rip”!
I was born and raised in the country. Common sense was […]
My New Year’s resolution for this year is a bit different; no dieting, no cutting back on the drinking, or cussing – or any other of those normal human faults. Instead I am going to try to become more involved politically – because I fear for the fate of my country.
The following quotation has […]
The Christmas Holiday season is coming at us and I will not be trading next week. When a holiday like Christmas falls in the middle of the week the markets are usually very thinly traded during that period.
In my opinion, thinly traded markets are riskier markets, and I choose to stand side, I just […]
Just about the first “real” book I recall reading as a kid – you know, other than the Dick and Jane stuff – was a Harold Bell Wright Book entitled, “The uncrowned King”. It was not a complicated story and like many of Wright’s books, it had a message about life and morality.
In the […]
I had a trader complain to me about my recent post, “Am I Alone?”. In essence he said, “Your blog is supposed to be about short term trading – leave the politics to the politicians”.
My answer to him, and to the whole world is: “Trading requires free markets, and free markets can only exist […]
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Phil Elrod
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….very impressed with the whole philosophy – both personal and trading, expressed in the book. I will read and revert !!
Richard DUSAthe SRV’s are spot on !!
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Frank YDavid, Panama“The SRV’s are amazingly accurate”.
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No More Blood in the Turnip
I seldom trade the futures market for gold and silver anymore, but I watch those markets regularly. What I look for is what is happening right now. The manipulators have been sucking blood from the turnip and I am thinking there is not much blood left – that we are getting real close to a […]