FuturesBoard.com - Your Space for Futures Market Information
Welcome to Jim's Blog. Jim Prince is a 20-year veteran of the markets and the chief educator for The United States Chart Company and The Greatest Business on Earth - an educational and support site for commodity futures and option traders. Please visit gbemembers.com for information on our ongoing programs.
The month of January 2010 saw the emini S&P 500 experience only it's third losing month since the March 2009 lows were established.
Price action produced what is known as a reversal bar pattern right at the Monthly 50% retracement level (see chart below). In this case, if successful, this pattern would reverse the uptrend and turn prices lower.
Also note the Monthly Dow Jones contract did the same thing.
At this point, since Trend Seeker(tm) says the trend is down for both the emini S&P 500 and the mini-sized Dow Jones, it might be a good time to watch each for pull backs to resistance and trading opportunities to the downside.
NOTE: The information contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Under no circumstances does the information in this content represent a recommendation to buy or sell any security mentioned. All examples are provided for educational purposes only.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Understanding the Fear of Failure and Overcoming It
January 30, 2010 3:36pm
The cost of failure is not a monster that eats you. . . failure costs nothing.
Most folks don't realize that the brain is programmed for you to avoid the risk of failure.
In this video Seth Godin tells us and shows us why failure should not be feared -- and how to use failure to reach success!
At the end of the day, anybody who thinks there's a reward for nothing, ends up losing.
Kerry Stokes
The emini S&P 500 and the mini-sized Dow Jones
January 28, 2010 11:10am
The March emini S&P 500 came with about 7 points of the bottom of the prior trading range last night/this morning. Some of you may have acted with entries to the downside on the retracement. This market is very volatile at this point, so be on your toes and keep your stops.
The March mini-sized Dow Jones is flirting with the 10,000 level. Prices are currently trading at 10038, but got as low as 10005! This is a key psychological number. Those of you that invested in the Gold Report know what i'm referring to. If you don't, be sure to re-watch those videos.
NOTE: The information contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Under no circumstances does the information in this content represent a recommendation to buy or sell any security mentioned. All examples are provided for educational purposes only.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Stock Indices
January 28, 2010 10:54am
The stock indices are taking a big punch today. Check out the heat map below.
Quote of the Day
January 28, 2010 8:31am
Education comes from within; you get it by struggle and effort and thought.
Napoleon Hill
February Break?
January 27, 2010 12:10pm
The Grains are down across the board today folks. Could the February Break be underway? Time will tell of course, but for now if you haven't watched last Friday's Training Video about the February Break I encourage you to do so. You'll find it located under the Training Video tab.
NOTE: The information contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Quote of the Day
January 27, 2010 9:31am
To know oneself is to study oneself in action with another person.
Bruce Lee
FOMC
January 26, 2010 4:16pm
Just a reminder that the Federal Open Market Committee, better known as the FOMC, will announce its policy statement on Wednesday at 11:15am PT. The focus of the announcement will be whether or not they'll raise or cut interest rates.
Be aware that this is a day when, regardless of the actual meeting language, the announcement usually brings a lot of volatility to the markets.
The markets most affected are the stock indices, metals, financials, currencies and to some degree the energies.
Keep in mind that I mention this strictly because of the volatility. I'm not saying the announcement means you should begin trading the sectors listed above. Rather I'm pointing out something that tends to move the markets and this could be a plus or a minus if you're already holding positions in markets in the sectors mentioned.
As always, the bottom line is protect your positions!
Quote of the Day
January 26, 2010 8:55am
Most failures could have been converted into successes if someone had held on another minute or made more effort.
Explain to people that everything they say is an affirmation. Everything they think is an affirmation. Everything! What you want to do is to get control of what you are saying and thinking, so these things bring you good experiences in life rather than rotten experiences.
Louise Hay
U.S. Dollar Index
January 24, 2010 3:58pm
The March U.S. Dollar Index had developed a large 1-2-3 bottom formation. Prices broke above the #2 point on January 21 and triggered an entry to the upside.
Prices fell back a little on Jan. 22. Thus, another break above 78.77 will trigger a second entry opportunity to the upside.
Initial stops can be placed just below recent support or via a proposed dollar amount. Stop placement is a very individual thing and depends on your account size as well as your risk tolerance.
The initial target is the Daily 50% level at 81.327.
NOTE: The information contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Under no circumstances does the information in this content represent a recommendation to buy or sell any security mentioned. All examples are provided for educational purposes only.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Stock Indices
January 24, 2010 1:30pm
Last week saw the stock indices sell-off with rather big moves down on Thursday and Friday.
This price action essentially wiped out all of the 2010 gains.
Looking at the charts I still see potential to the downside. However, I wouldn't be surprised to see a bounce this week and then further declines kick in. So for now, I'm watching all the indices for pullbacks to resistance. If this takes place I will consider using one of our entry methods (Robo, 50, or Fish Hook) to get short.
NOTE: The information contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Under no circumstances does the information in this content represent a recommendation to buy or sell any security mentioned. All examples are provided for educational purposes only.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Coming Monday. . .
January 23, 2010 11:44am
Just a note. . .
The email I've mentioned to keep an eye out for this past week has been delayed. We had a couple of final tweeks we had to make, and now I'm told it'll be ready to send your way on Monday.
So keep an eye out for it then.
Thanks for your patience.
The February Break - Part Deux
January 22, 2010 12:20pm
This week's Training Video, The February Break - Part Deux, has been posted at: www.uschartco.com.
Enjoy!
Quote of the Day
January 22, 2010 7:42am
All our activity is sowing; and so is our inactivity.
John Blanchard
Keep an Eye on Your Email Box Friday!
January 21, 2010 4:40pm
Tis the Season...
Dear Member of the US Charts Family,
I have something to share with you that I feel is so big I'm making a pre-announcement about it right here.
Tomorrow, I'll send you via email information about something I've never talked or written about before. I think this market information is quite unique and I'm very excited to share it with you.
That's all I'm going to say about it for right now. I know it might seem as though I'm being a bit mysterious, but let me assure you that when you hear what it is you'll be as excited about it as I am.
So keep a close eye on your email box!
Jim
US Chart Company 877 NE 7th Street Grants Pass, OR 97526 (541)955-2885 www.uschartco.com
www.uschartco.com - Charting the World's Markets™
February Break. . .
January 21, 2010 12:28pm
I encourage all US Charts Online subscribers to watch the February Break video I produced last year. You can find it under the Training Videos tab. It's dated 01/28/09.
Plus, I just finished recording the 2010 February Break video. I call it February Break - Part Deux. I produced this video because there are several markets that are in the process of offering setups that we need to be aware of.
I will edit and then post the Part Deux video in the Training Videos section Friday morning. So please look for it then.
Enjoy!
Blow-off Top?
January 21, 2010 10:51am
Are the equity markets topping out? Time will tell of course, but the sell-off of the last couple days has been interesting to watch during the trading sessions.
Here's a screen shot of the current heatmap.
NOTE: The information contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Under no circumstances does the information in this content represent a recommendation to buy or sell any security mentioned. All examples are provided for educational purposes only.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Quote of the Day
January 21, 2010 9:36am
Don't wait. The time will never be just right.
Napoleon Hill
They Takin' a Beatin'
January 20, 2010 9:32am
So far this morning most markets are takin' a beatin'. . .
Quote of the Day
January 20, 2010 9:28am
If a person gets his attitude toward money straight, it will help straighten out almost every other area in his life.
Billy Graham
Quote of the Day
January 19, 2010 7:25am
The real measure of our wealth is how much we'd be worth if we lost all our money.
John Henry Jowett
Keep An Eye On Your Email Box
January 18, 2010 3:01pm
Tis the Season...
Dear Member of the US Charts Family,
I have something to share with you that I feel is so big I'm making a pre-announcement about it right here.
Within the next few day's I'll send you (via email) information about something I've never talked or written about before. I think this market information is quite unique and I'm very excited to share it with you.
That's all I'm going to say about it for right now. I still need to put the finishing touches on it then I'll give you the details as to what this is all about.
Sorry to be so mysterious but let me assure you that when you hear what it is you'll be as excited about it as I am.
This could be just what you’ve been waiting for - so keep a close eye on your email box!
Jim
US Chart Company 877 NE 7th Street Grants Pass, OR 97526 (541)955-2885 www.uschartco.com
www.uschartco.com - Charting the World's Markets™
Pants On The Ground
January 15, 2010 12:37pm
In case you didn't see the TV show American Idol on Wednesday, you might want to check out the video below. It's a cut from the TV show and the song is funny (and the lyrics have a lot of truth to them).
Turns out the singer, 62 year old "General Larry Platt," is a real American Idol. Click here to read the real and interesting story on Yahoo.
The Grain Beatdown Continues. . .
January 15, 2010 12:18pm
The Grain Beatdown Continues. . .
Metals Red. . .
January 15, 2010 9:43am
The Metals are taking it on the chin this morning. . .
Quote of the Day
January 15, 2010 9:40am
Lazy hands make a man poor, but diligent hands bring wealth.
Proverbs 10:4
Quote of the Day
January 14, 2010 11:21am
The victory of success is half won when one gains the habit of setting goals and achieving them. Even the most tedious chore will become endurable as you parade through each day convinced that every task, no matter how menial or boring, brings you closer to fulfilling your dreams.
Og Mandino
Thank You!
January 13, 2010 9:43am
My thanks to all who attended last night's chat. It was a very enjoyable evening of question and answers and a real success!
Thanks again, I truly appreciate your interest!
My next chat is scheduled for Tuesday, February 9. I hope to see you there!
Quote of the Day
January 13, 2010 9:41am
Effort only fully releases its reward after a person refuses to quit.
Napoleon Hill
Grains Taking a Beating. . .
January 12, 2010 10:23am
Grains Taking a Beating. . .
Fed Posts Record Profits for Last Year
January 12, 2010 10:20am
The Fed has a record windfall off of economic revival program and sends $46.1B to Treasury!
A successful life is one that is lived through understanding and pursuing one's own path, not chasing after the dreams of others.
Chin-Ning Chu
Chat Tuesday Night, Jan. 12!
January 11, 2010 9:44am
My Next Free Monthly Online Chat is Tuesday night, Jan. 12 at 6:00 PM Pacific Time!
Stop on by and ask me your questions and receive tips and insight from both me and your fellow GBE Course Members! Learn how other students are using The Greatest Business on Earth!
During this month's chat I'll be using software that allows you to see my computer desktop and hear me answer questions. So please join me Tuesday night at 6:00pm PT.
I had Bloomberg audio on for a few minutes this morning and they were chatting about the cold weather in Florida and how it had affected orange juice prices to the upside.
I then quickly pulled up a chart of March OJ and glory be the funk's on me. . . March OJ is -13.55, last trading at 137.60!
What a crazy couple of weeks of price action on this chart. Personally, I don't see a trading opportunity amoungst the chaos.
NOTE: The information contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Quote of the Day
January 11, 2010 7:28am
Anything's possible if you've got enough nerve.
J. K. Rowling
February Gold
January 10, 2010 9:36pm
February Gold is up big here Sunday night, last trading +17.10 at 1156.
Prices have blown past resistance at 1127.80 (see upper blue horizontal line on chart). However, Trend Seeker's(tm) trend rating is currently down.
The trend rating may change with Monday evening's Trend Seeker update if prices close above the 1150 level after Monday's trading session.
Keep an eye on this market for an opportunity.
NOTE: The information contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Under no circumstances does the information in this content represent a recommendation to buy or sell any security mentioned. All examples are provided for educational purposes only.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Conversations with Course Members
January 8, 2010 1:19pm
Be sure to visit our Conversations with Course Members phone line. Doing so gives you the opportunity to listen in as fellow Course Members discuss their adventures in the Greatest Business on Earth!
There are currently five different Course Member interviews available.
Call: 1-877-462-7743 24 hours a day, 7 days a week to listen in.
If you'd like to share your Greatest Business on Earth story with us, please call the office directly and chat with a Course Counselor. You can do so by calling 541-955-2885 Monday through Friday, 8:30am to 5:00pm PT.
Way Cool!
January 8, 2010 12:22pm
This video has nothing to do with trading, but I'm posting it here because it's flat out cool. I'm always amazed by great athletes and these are some very talented guys.
Thanks to Steve O at the office for sending me to this video.
Quote of the Day
January 8, 2010 9:42am
Pride is the devil's dragnet, in which he takes more fish than in any other, except procrastination.
C. H. Spurgeon
Quote of the Day
January 7, 2010 10:43am
Live out of your imagination, not your history.
Stephen Covey
Grain Report
January 6, 2010 4:22pm
Grain Report subscribers, I just posted several charts in the Grain Report blog along with level updates.
Enjoy!
Quote of the Day
January 6, 2010 9:56am
God didn't have time to make a nobody, only a somebody.I believe that each of us has God-given talents within us waiting to be brought to fruition.
Mary Kay Ash
Quote of the Day
January 5, 2010 9:12am
A real decision is measured by the fact that you've taken a new action. If there's no action, you haven't truly decided.
Tony Robbins
Top Ten Reasons. . .
January 4, 2010 10:33pm
I ran the following post last July. I feel it's so important I've elected to run it here again for those who may not have seen it the first time.
Based on my many years of market studies, as well as years of interaction with students, I've put together the following list of the top 10 reasons why I believe traders fail.
1. They fail to develop an entry and exit plan before placing the trade.
2. They set unrealistic profit expectations.
3. They have virtually no type of money management plan at work.
4. They have little patience and almost no discipline. Emotions run their trading business.
5. They fail to use any sort risk management.
6. They trade against the trend, always trying to pick tops or bottoms.
7. They over trade.
8. They let losing trades turn into long-term investments.
9. They absolutely fail to accept responsibility for their actions. They always blame someone or something else.
10. They let the emotions of fear, greed, and hope over take common sense.
If you can get yourself (and your trading) to move beyond these points, then you have a great shot at reaching your trading goals!
NOTE: The information contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Under no circumstances does the information in this content represent a recommendation to buy or sell any security mentioned. All examples are provided for educational purposes only.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Ahh, You Gotta Love the Stock Market. . .
January 4, 2010 2:48pm
Ahh, You Gotta Love the Stock Market. . .
This kills me. Apparently an "erroneous news report" came out today and Rambus (RMBS) sold off hard during the trading session. However, because of said news, the NASDAQ canceled all orders below 20.73.
What do you think. . . maybe some BIG money got squeezed, and now they get a "do over?" LOL
Here's a follow up:
Pursuant to Rule 11890(b) NASDAQ and NASDAQ OMX BX, on its own motion, has determined to cancel all trades in security Rambus Inc. (RMBS) at or below $20.73 that were executed in NASDAQ between 13:28:00 and 13:32:00 ET. This decision cannot be appealed. MarketWatch has coordinated this decision with other UTP Exchanges. NASDAQ will be canceling trades on the participant's behalf. Pursuant to Rule 11890(b) NASDAQ and NASDAQ OMX BX, on its own motion, has determined to cancel all trades in security Rambus Inc. (RMBS) at or below $20.73 that were executed in NASDAQ between 13:28:00 and 13:32:00 ET. This decision cannot be appealed. MarketWatch has coordinated this decision with other UTP Exchanges. NASDAQ will be canceling trades on the participant's behalf.
NOTE: The information contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Under no circumstances does the information in this content represent a recommendation to buy or sell any security mentioned. All examples are provided for educational purposes only.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
And We're Off!
January 4, 2010 9:18am
And We're Off. . .
Quote of the Day
January 4, 2010 7:40am
Take the attitude of a student, never be too big to ask questions, never know too much to learn something new.
Og Mandino
Happy New Year!
January 2, 2010 10:28pm
I want to wish you a very Happy and prosperous New Year. Let's rock and roll in 2010 and make it an incredible trading year!
