It’s official, you have wasted yet another year on empty pursuits whilst documenting literally every vapid second of it on your ridiculous Facebook page. If you’re wiping away tears of regret right now whilst reminiscing the past 365 days of misery then let me remind you that you only have yourself to blame.
The tendency to treat money that has already been committed or spent as more valuable than money that may be spent or acquired.
Imagine two traders trading the very same stock. One one side we have Mr. Toro who buys 1000 shares of Evil Corp. (ELVC) and on the other side there’s Mr. Grizzle who decides to go short 1000 shares (perhaps he sells it to him). A week later the owner of the company (let’s call him Mole) has a few drinks to many, tweets something politically incorrect, and as a result EVLC drops 10 handles overnight.
I trust you are well into your respective holiday binge eating recovery whilst convalescing from what shall be remembered as 2015 – the year of sideways churn and misery. Now while you were busy stuffing yourselves and fighting with your in-laws your intrepid host has been tearing his hair out attempting to beat our shiny new site theme into submission. If there’s anything I despise more than writing ThinkScript it’s hacking dynamic HTML and CSS tags – it’s literally the bane of my existence right now.
We’re slowly getting there but as you can see I’m still having problems with the menus as everything seems to be category based only. [...]
Alright, looks like we are starting to be in good shape here! Equities have continued to push higher overnight and it’s time to advance our initial stop to a trailing one. As we are lacking a spike low on the hourly panel I would suggest you keep it below the recent cluster of Net-Line Sell Levels around ES 2033. Obviously participation is expected to increasingly dry up now, and that means stop runs can happen out of the blue. If you trail your paper profits too tight then you are prone to be taken to Santa’s workshop for a do-over.
The daily panel is looking very positive with the 1980 mark having been well established as a significant support zone. But [...]