I think I’m going to make this a weekly segment and it’s as much for me to keep articles that I’ve found interesting as much as it is for the readers here. This seems like an easy way to keep a record of information I like.
I took today off from trading because I feel we’re a little overheated and didn’t want to be entering new positions at a time when the markets could easily correct. I may easily change my mind come next week but right now I only want to buy metals and commodity stocks, with an emphasis on gold.
Bought SSRI and IVN today as both had nice intraday pullbacks where I see a decent risk/reward. Enjoy the stories and tweets below.
Ahead of the Fed Strategy - Great logic and thought process before the Fed.
Return of Inflation Part 2 Out of this hour I’m recommending the interview with Gonzalo Lira for the valuable information regarding investing in South America. One aspect I took away from Agora Financial is to buy emerging markets.
Versions of the Truth – “The bottom line is that most people love a good story line and can appreciate the person who can tell one.”
A Trader’s Guide to Hedging Strategies – Part 2 – “Embrace your inner loser – Try your luck…at Purgatory.”
Everyone must develop their own discipline and I’m not the guy qualified to present an array of every successful approach. I can detail how I go about it personally, but keep in mind that we all need to build a strategy which works with our own unique personality, style, experience and approach; even if there are universal truths we might all share.I personally want to build a position, slowly at first, and always with a mind of how and when to bail out (or attempt to neutralize at least), if the position begins to decline. As the position is successful, I’m willing then to build it larger (let out a larger line). When trading is a little rough, I want to reduce exposure. Add these together and I am going to have more at stake when trading is going well and less at stake when the environment sucks.~evil speculator
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