Mon 9/1/2014 07:10 ET
DJIA17098.4518.810.11%SOLAR43.390.340.79%GOLD1288.300.160.16%Shanghai2235.5118.550.83%
S&P 5002003.376.610.33%BANKS23.360.110.47%OIL95.89136.161.42%Nikkei15476.6052.620.34%
NASDAQ4580.2722.900.50%SEMI51.680.400.78%US/EU0.760.270.35%Futures2001.100.300.01%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
User - Profile - rmlinden   

ANNOUNCEMENT: Welcome back. TheLion.com has moved to a new service provider. Please report any issues to webmaster@thelion-inc.com. Thanks!

User ID:rmlinden
Joined:5 yrs ago
Posts:8940
Reputation:345
Watchers:63
Watching:10
Portfolio:0.00%
Blog Score:4137
Fav Blogs:13
Fav Msgs:13
Logged In:8 days ago
Donation:
Amount:$20.00
When:4 yrs ago
Total:$40.00
User Interaction:
Age:
30-39
Gender:
Male
Style:
ad hoc, clueless and dimwitted
Hobby:
-
Homepage:
-
Occupation:
Engineering/R&D
Location:
utr,
International
Forum Host:
The Book Club
Chart Spam
Forum Cohost:
-
Forum Guru:
-
Has this user helped you? Please consider giving him or her a feedback or reward here as a token of your gratitude.
 
Personal Description

I AM A BEGINNER:  Started trading at november 2008 . First buy at 17 november. So when I say that I am a beginner I truely mean it!

I started a new forum to avoid the stupendous spam I was producing in the pit

http://www.thelion.com/bin/forum.cgi?tf=chart_spam&t=

Convertable debt and yorkshire

http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1991267&cmd=r&t=

realtime forex

http://www.fxstreet.com/rates-charts/forex-charts/?id=eur/usd


READ THIS POST: http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1738563&cmd=r&t=

MY TAKE ON VOLUME: http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1923679&cmd=r&t=

list of indices http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1742307&cmd=r&t=

Check this forum for books: http://www.thelion.com/bin/forum.cgi?tf=the_book_club&msg=1&cmd=r&t=

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=msummary&cmd=show,iday[Y]&disp=SXA

level 2 interpretation: http://www.youtube.com/watch?v=FKgAvLRb0Eg&feature=channel_page

Started trading at november 2008 . First buy at 17 november. So when I say that I am a beginner I truely mean it!
My posts often are to test my theories or to broadening my field of vision and understanding. You would be an idiot to follow my train of thought or take my posts as a directive. Again, I am a beginner and I will without a doubt be wrong ever so more often than that I would be right. When I take a contrary position to a claim someone stakes it does not have to mean that I agree with the position I take. Basically it is intended to discover boundaries of the discussed domain. What that means is that I can get clear answers as to where the limits of a certain concepts are.

Lessons learnt:
- EARNINGS REPORTS are often bloated, dont look at the obvious numbers. One off income is often booked as profit while one off expense is booked against reserve. Profit per share will be fluffed. Good example is GM which made good profit per share in 2005 but due to accounting rules they were allowed to place the "31 billion pension related expenses" in a sidenote.  GM was allready down for the count years ago.
- News is your enemy, dont follow newspaper headlines, television advice. It's more a contra indicator that will make you lose money.
- The market is not your ticket to free money, as long you percieve it as such you will be the ticket to free money for someone else.
- When you have a few winning bets do NOT increase the bets until you have lived through a number of losing bets.
- Margin is baaaad.
- You are betting against people with 30+ years of experience. That makes you free money. Never bet against the big players. Let the big players work for you. How I dont know... yet.
- Trading is hard. Its not gambling since there are people out there that consistently beat the market. This is proof for me to learn. To become like those people. My weapon is my mind. Improve knowledge and understanding in order grow.
- Never get into trades aiming to earn back losses. Enter trades because there is a realisitc chance to gain income. When income grows, losses will shrink. That understanding removes alot of bad emotion. Bad emotions make you screw up.
- Check charts before you trade. LVS lost me a bit due to not checking the chert before the buy, nor before the sale. I bought a top at resistance and sold at support. Well done me! Allways check THREE charts for instance 10/15 minute, hourly and daily. Timeframes often contradict eachother.
- NRGN, if i haddent scalped this I would be a loss. But had a major position which I held through earnings while there was an ongoing concern.. allways sell at least half if not more of your position right before earnings ....
- Dont reenter big pop plays too soon. No matter how good the setup etc. After a pop it will drop, during that drop there will be minor bumps up. I keep murdering my gains by getting in too early. Take a breather, take some time off of the stock. Wait for a valid setup, keep your cool.
- Dont trade when tired or fed up, it leads to sloppyness. Losses will be a self fulfilling prophecy - been leaking gains down the drain lately due to information overload and exhaustion from my day job.

- http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1770960&cmd=r&t=

There have been many gains, some big calls as well .. the important stuff are the losses though. Some below


big losses

- 36% of portfolio PLD due to margin, stupid me. Paniced sold, it rose, panicked again, bought and it dropped yet again. Didnt check charts, let emotion rule.. and worst of all.. used margin with next to no trading experience. 
- 30% prxi. Never chase, never chase, never chase, never chase. This position turned in a long hold. Should have sold out at 10% loss if i had a viable alternative that could quickly make money. Too late so holding for a gain. Might take a long time for the catalyst (sahre buyout) to hit the market.
- 34% mesa (didnt take the loss though so that was recoverred), made my classic mistake again, right after the 100% pop I got in too early instead of waiting for the weak hands to be shaken out. Need to put more effort into volume statistics. My guess now is that the sheer volume at the top of a spike needs to be shaken out first before the stock can make another move. The greater the amount of chasers, the greater the percentage of weak float and the dumber the stock gets. That percentage of dumb traders need to be moved out of the stock because they are volatile and emotional. As the stock drops those sellers will start selling their shares to people that ahve less anxiety (perhaps smarter, perhaps because they bought lower). At some point the shares in weak hands run out and the percentage of dumb float deteriorates along with the volume. At that bottom prices will become volatile because low volume stock are much like low float stock.  OBV played a key role here.  

The following list will be moved to some external blog location or something, for now this sig will be growing.

BOOK RESOURCES:
1) books.google.com
2) use google with the following search terms (make sure youhave the book title, or parts of it, in quotes): rapidshare "<bookname here>"
3)use google with the following search terms (make sure youhave the booktitle, or parts of it, in quotes): filetype:pdf "<bookname here>"

BOOKS & ARTICLES:
MUST READ:
The intelligent investor (Graham & Dodd): http://www.4shared.com/file/17137343/b6ff074e/the_intelligent_investor_-_benjamin_graham.html?s=1
Security analysis (Graham): http://www.4shared.com/file/48029557/44f7d0f/Benjamin_Graham__David_Dodd_-_Security_analysis.html?s=1

technical analysis:
Technical analysis (Magee) http://rapidshare.com/files/163396934/Technical_Analysis_of_Stock_Trends-8th__20Edition_By_Edwards_AND_Magee.rar

bear markets:
Bear market strategies (Harry D Schultz): http://rapidshare.com/files/206366684/Harry_D_Schultz_-_Bear_Market_Investing_Strategies.pdf.html
Shiffs book: http://www.4shared.com/file/59324723/51c45ae6/SCHIFF_Peter_D_-_Crash_Proof_289p.html?s=1

swing trading:
The master swing trader (Alan farley): http://www.4shared.com/get/26360270/351e7595/Alan_S1_Farley_-_The_Master_Swing_Trader.html
http://www.4shared.com/get/26207186/80686c8a/Alan_Farley_-_Swing_Trading_20_Rules.html
http://www.4shared.com/get/18997017/9e08636e/Farley_Alan_-__Pattern_Cycles_-_Mastering_Short-Term_Trading_With_Technical_Analysis__Traders_Library_.html
Momentum, Direction and Divergence (William Blau) : http://www.4shared.com/network/search.jsp?searchmode=2&searchName=Momentum%2C+Direction%2C+and+Divergence

general trading:
The little book that beats the market: http://www.4shared.com/file/54590478/f61bede9/The_Little_Book_That_Beats_the_Market.html?s=1
Chart your way to profit:http://www.4shared.com/get/61888692/1334c7d2/Chart_Your_Way_to_Profits_-_The_Online_Traders_Guide_to_Technical_Analysis_-_0470043504.html;jsessionid=D659613348192D39ABA0045A41A26CC1.dc137
Come into my trading room (Elder alexander): http://www.4shared.com/file/26362749/cb2d9492/Elder_Alexander_-_Come_Into_My_Trading_Room_-_A_Complete_Guide_To_Trading.html?s=1
Entries and Exits (Elder alexander): http://www.4shared.com/file/64271691/86c642f2/Alexander_Elder_-_Entries_And_Exits.html?s=1
Trading for a living: http://www.4shared.com/file/19926906/96de04f6/Elder__Dr_Alexander_-_Trading_for_a_Living1.html?s=1
High probability trading stragegies: High probability trading strategies: http://www.4shared.com/file/78158071/969e1760/High_Probability_Trading_Strategies.html?s=1

misc books
http://www.4shared.com/get/97817619/a3bcc1e3/Alexander_-_Market_Models_A_Guide_to_Financial_Data_Analysis.html
INDEX COMPOSITION
understand that the more weight a stock has the more influence it has. For instance if IBM tanks the Dow Jones WILL tank for sure.
DOW 30: http://www.indexarb.com/indexComponentWtsDJ.html

S&P500: http://www.indexarb.com/indexComponentWtsSP500.html

VIDEOS:
http://inthemoneystocks.com/n_rant_and_rave_blog.php
http://www.buysellshort.com

>> CREDIT CRISIS EXPLAINED <<
part1: http://www.youtube.com/watch?v=Q0zEXdDO5JU
part2: http://www.youtube.com/watch?v=iYhDkZjKBEw&feature=related

INDICES

BDI (Baltic dry index): http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm
Needed to value shipper prices. The prices indiced by this index represent the advices shipping rates. If this moves up Shippers such as DRYS and GNK go up.


FEAR INDEX (VIX):
http://seekingalpha.com/article/11098-why-volatility-index-vix-is-important-for-asset-allocation-etf-spy
http://www.articlesbase.com/investing-articles/fear-and-the-vix-index-an-important-technical-indicator-224103.html


SECURITY SCREENING TACTICS:
http://www.investors.com/includes/edit/presscenter/aaiisep1998.pdf
http://findarticles.com/p/articles/mi_m0EIN/is_2008_April_4/ai_n25125534
sec flings: http://secwatch.com/insidertrading/

OPTIONS:
CBOE Market data: http://www.cboe.com/data/mktstat.aspx
http://www.schaeffersresearch.com/streetools/filters/put_call_oi_filter.aspx

oct-dec tech

jan-may energy

june-aug cash

sep - gold

watchlist 25 apr: http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1928425&cmd=r&t=

JTX per apr 18 watchlist: +21 %  http://stockcharts.com/h-sc/ui?s=JTX&id=p38254964219&def=N&listNum=1

          watchlist apr 18:   http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1923655&cmd=r&t=

 

 







http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&cmd=r&t=0&msg=1924283

 


Message Postings
ForumSymbolMessage Preview / SubjectDate (ET)
Wall Street Pitwow, off to ignore with you. stik er maar lekker in met je gebrabbel Re: What...07/19/2014 13:07
Wall Street PitWhat the ... ar you stupid? Crazu perhaps? Sniffed too much bath salts? Sorry...07/19/2014 12:55
Wall Street PitRe: Were On Cusp Of A "Nuclear" Meltdown In The Credit Markets07/10/2014 09:32
Wall Street PitBear Grylles would be proud :) Re: Been touring California waste-water treatm...06/26/2014 07:47
Wall Street PitGLDGold Hits $1300, Silver Surges To 3-Month Highs As China Rehypothecation Ponz...06/19/2014 12:57
Wall Street PitANVlast of this spam run ... but ANV looks good for a reversal as well (had a 50...05/05/2014 11:48
Wall Street PitDGAZprone to reverse eom05/05/2014 11:47
Wall Street PitKGCshowing up on stochastics scanners, in line with gold. Multiple scanners indi...05/05/2014 11:45
Wall Street PitRSHbottoming pattern. RSI bullish divergence, pincher. Might need some time, but...05/05/2014 11:43
Wall Street PitAUYper gold bottoming pattern - early pincher patttern. eom05/05/2014 11:42
... See More (1 PC) ...

User Feedbacks
FromFeedbackDate (ET)
PerfectTrend (Rep: 3)Nice on FITB....08/16/2011 07:49
1stockwilly (Rep: 105)Thanks!07/21/2011 16:19
TheGreenLantern (Rep: 123):)07/16/2011 02:17
halleluyah (Rep: 155)Very Good observation with a tempered eye! 03/09/2011 14:54
ch90 3783% (Rep: 29)thanks for your TA help and the consistency of your post in the pit08/24/2010 03:41
... See More ...

Portfolio Transactions
SymbolStatusTypeBuy PriceBuy TimeSell PriceSell TimeTarget PriceTarget Time
No portfolio transactions found.

Blog Submissions
Blog TitleSourceDate (ET)
Fibonacci Lines Part 54shared.com02/20/2010 07:58
Fibonacci Lines Part 44shared.com02/20/2010 07:58
Fibonacci Lines Part 34shared.com02/20/2010 07:58
Fibonacci Lines Part 24shared.com02/20/2010 07:58
Fibonacci Lines Part 14shared.com02/20/2010 07:58
... See More ...

Favorite Posters' Messages
ForumSymbolMessage Preview / SubjectAuthorDate (ET)
Wall Street PitClinical Trials Database Sorted by ticker symbolDollarstoDonuts01/29/2011 08:57
Wall Street PitToday people will get hurt....rmlinden08/12/2010 14:18
Wall Street PitReuters Reports That Waddell & Reed Is Mystery Seller Of 75,000 E-Minis; Barc...Zanyan05/14/2010 12:48
Wall Street Pitwatchlist for coming week rmlinden04/11/2010 12:28
Wall Street Pitlist of sector etfs for stockfetcher rmlinden04/11/2010 12:39
... See More ...

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.