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November 10, 2016

Oompa Loompa Tape

What exactly did they mean when singing ‘if you’re not greedy you will go far’? Clearly Oompa Loompas are not trader material and should stick with chocolate manufacturing only. Which incidentally may be coming back to the United States if President-elect Donald Trump will have his way. Not sure if that’s a good thing however. If I had to choose between a famed Hershey’s bar and one by Milka made from rich Alpine Swiss milk then I’m sure you know what I’d be stuffing my face with. By the way, a word of advice: Oompa Loompas – hard working little guys – but be sure to be nice to them as they aim directly for you gonads when they [...]

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October 31, 2016

Hammer Time – Again

No worries, I am going to spare you the MC Hammer video today as I think you guys have suffered enough lately. But it is time to swing the hammer as the iron looks pretty damn hot to me. Of course given the market limbo we are still facing with nine more days to go until the election it is quite possible that this setup will once more find itself on the ash heap of trading history. But we just don’t know, do we? You may just take a look at the current configuration a few weeks from now and after a facepalm lament why the heck you didn’t go short here. Or the perhaps opposite – this was nothing but another sideways correction – I knew it! Yes, in hindsight it [...]

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September 20, 2016

Coiled Up Ready To Strike

We’ve got a lot to cover today, so I will spare you the pleasantries and dive right in. Yesterday’s session once again must have been frustrating for many participants due to a continued lack of direction. But I expect resolution to be delivered swiftly and brutally as the equities are now coiled up like the proverbial snake. 

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September 8, 2016

Last Trades Of Summer

That’s it – summer is officially over. Love or hate it – it’s time to mothball your summer outfits and start airing out the fall and winter gear. Before we know it we’ll be picking out Halloween outfits. Well, you will maybe – I’m already in character all year. Quite frankly I personally am looking forward to a cooler season as it has been one hellish and humid summer here in Valencia with an average dew point consistently pushing way above 63 Fahrenheit (17 Celsius). Which meant that every time I stepped out of our well air conditioned trading lair I started to sweat profusely within a matter of minutes. Having lived in Los Angeles for two [...]

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Cognitive Bias Carousel
  • Sunk Cost EffectSunk Cost Effect
    The tendency to treat money that has already been committed or spent as more valuable than money that may be spent or acquired. Also known … more
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