The biggest trader on the Eurex Paul Rotter is said to be one of the most successful traders of all time, and he does it as a flipper. Here is a feature story from Trader Monthly magazine in 2004 on Paul Rotter, sadly the magazine has since been discontinued. You can read more about trading extremely profitable and futures trading for a living over at the EminiMind blog.
Short squeezes are something that happen A LOT and they define the professional trader from the inexperienced trader. Once a stock starts to break out or make a move the retail traders begin to chasing the move (because they feel they “missed out”), but the professionals are already in the move. At the point that the professionals are selling, the stock is just making news in the media and CNBC is talking about how this stock is a “great time…
It has been deemed a Steelers/Packers showdown in Super Bowl XLV. As economists and authors struggle to find a relationship for even the most unrelated items, such as in the book Freakonomics, and Outliers it shouldn’t surprise you that a relationship between the Super Bowl winner and the stock market has emerged over the past 50 years. What Does Super Bowl Indicator Mean? This indicator is based on the belief that a Super Bowl win by the old AFL (AFC division) leads to a…
Here’s a cool video I found over at JackHeald.com. It puts in perspective how little the federal government’s tax cut programs really affect the overall picture.
Being a trader doesn’t mean you MUST trade every single day. You’ll probably find the bulk of your trades take places on Tuesday, Wednesday, and Thursday and that when you enter your first trade late in the day it tends to not go so well. There is a reason for this. Look to the first 30-min bar of the ES for clues. Below is a list of day’s to watch out for when trading. You’re better off taking the day…
SOCIALISM: You have two cows. The state takes one and gives it to someone else. COMMUNISM: You have two cows. The State takes both of them and gives you the milk. FASCISM: You have two cows. The State takes both of them and sells you the milk. MILITARY DICTATORSHIP: You have two cows. The State takes both of them and shoots you. BUREAUCRACY: You have two cows. The state takes both of them, accidentally kills one and spills the milk…
When things in your life seem almost too much to handle, when 24 hours in a day are not enough, remember the mayonnaise jar and the 2 Beers. A professor stood before his philosophy class and had some items in front of him. When the class began, he wordlessly picked up a very large and empty mayonnaise jar and proceeded to fill it with golf balls. He then asked the students if the jar was full. They agreed that it…