Finally, my laptop is back from rehab and my fingers are absolutely loving the keyboard, they’re performing a dance right now! Losing Steve Jobs last week, I missed surfing all those sites paying homage to him, so this week is going to be crazy catching up. Oh, but the share market is moving up too so got to pay attention to those, the stock I was holding had been recovering sweetly as of late too, and yes, this blog needs a little TLC — got to be waltzing fast my ladies.
So what comes first? The trade’s got to be the one.
Or not. Windows isn’t fully installed in this machine yet so can’t do much detailed analysis now without my spreadsheet. Fortunately, I do have a backup paper version somewhere and my system rules are right in front of me, oh a little to the left of the monitor. (You should always have a backup of your trading essentials-always). And also to have a simple system — I know mine by heart, which is pulling me to do something, since yesterday.
But wait! Amid this excitement, I have to remind myself to hold on tight.
French Diva - photography by Roel Lapitan
Yesterday, there was a whiff of news that the two biggest economies of the European Union (EU) – Germany and France are talking about solutions to the euro dramas. You probably heard these EU people talking before, in fact it is getting too tiresome already — but yesterday the heads of state were talking, so let’s say that’s a little more star power giving importance to “saving the euro”. That is certainly promising. I recall reading one very important thing about players in the markets — when the government is involved — don’t bet against them. Let’s just call them the grandest belle of the ball that always gets to dance with the prince.
You can read up on this from “Safe Strategies for Financial Freedom” by Dr. Van Tharp, and also there’s a section on “Trade Your Way to Financial Freedom” also by Dr. Tharp.
What do they have anyway that works like a magic wand? Two words – printing press. They can print money, which can essentially pay for whatever. Now there has been a recent hitch affecting the use of this printing press (US debt ceiling – too complex to talk about right now) — but let’s just say, a government can use anything and everything (e.g. invent tax rules and what not )– and always gets its way.
So about my trade, it’s recovering sweetly as I’ve said, up yesterday by 31 points (med-high volatility) which tells me it could still go in my direction, plus some positive sentiment on the Euro issue, so will just have to keep waltzing to the music.
