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We Have Lift Off
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We Have Lift Off

We Have Lift Off

by The MoleFebruary 8, 2017

Being a financial blogger is a double edged sword. Sometimes I sit down to write a post and the words literally stream out of me, I’m barely able to fit it all into one post. Of course you immediately know when you wrote a good one and participation usually mirrors your own energy. As such what you put into it is what you get out, it’s a two way street.

Of course then there are days when you can’t think of anything you haven’t already said and the damn market isn’t inclined to throw you a bone either. Or perhaps you’re not feeling well or you’ve got real life issues on your mind. But the show must go on, and just sometimes the best posts actually happen when you least expected it. Which happens to be a psychological phenomenon I also encountered on the trading front. There appears to be almost zero correlation between your emotional state and the results of your trading. So usually I just tell myself to suck it up and go to work.

I sometimes wonder however how in the world I managed to produce over 3,500 posts over the past eight and a half years. And then actually got people to read them! When I grew up I never really thought of myself as much of a writer plus as you know English isn’t my mother tongue. Although I have my moments I consider my writing style prosaic and mildly entertaining at best.

mark_twain

Mark Twain – now there was a real writer and a funny one at that. The poor man would have probably cut his writs being forced to read my stuff. Then again apparently he was a shitty investor and may actually have learned a thing or two here. In any case, he’s dead now and I’m still standing so just by default I’m winning 

2017-02-08_ZM_update

Speaking of which – what a difference one day can make! We have lift off across the board and it’s time for some campaign management. Let’s start with soybean meal which apparently is reaching escape velocity and may just make it to its upper 100-day Bollinger. Anyway, my trailing stop has been advanced to < 335.5.

2017-02-08_soybeans_update

I had kept soybeans for my intrepid subs and it fortunately took off like a rocket shortly after I placed the entry. I’m now trailing it at < 141 and perhaps so should you.

2017-02-08_bonds_update

Bonds looked like they’d stop us out yesterday and I guess we chose well by waiting it out as it now is time to lock in a bit of profit. I’m currently trailing below 152 which is relatively close but I have a feeling this one is continuing to burn the shorts now.

2017-02-08_gold_update

Gold is GONE and we got ourselves a very nice entry here. The formation on the daily panel is looking – well, golden! I actually just dropped my trail to below 1227 as I think this will be an awesome daily campaign. Let’s see what happens!

2017-02-08_crude_watch

Crude is still on our watch list and we were wise to not rush into a long position here yesterday. We’ll need to see a very developed floor pattern here but I think this one coming along well.

2017-02-08_corn_funny

I leave you with corn which actually wasn’t a setup but I had drawn a diagonal yesterday hoping that it would touch it perhaps today. Well, it happened while I was busy and then took off. Aren’t there laws against that? I found it humorous however that it almost exactly touched that diagonal – this would have been one juicy entry. And as I used to say back in my dating years: You can’t catch ’em all but you may as well try.

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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