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You have to survive

You have to survive
Every day is a battle, survival is rule #1

Thursday, May 28, 2015

And the selloff begins...

In choppy trade, the Shanghai Composite Index (.SSEC) was down 3.9 percent after diving nearly 7 percent on Thursday, when investors dumped stocks after more brokers tightened margin trading requirements and the central bank drained money to reduce flush liquidity in the financial system.

It looks like China will get things rolling.  They are having crazy swings right now, mostly swinging down.

Wednesday, May 27, 2015

Gold futures

Gold looks great to buy right now but it moves slow so there is no reason for me to trade it.  its all bottomed out.   It would probably take 6 years to gain 50%, slowwww but good.

Tuesday, May 26, 2015

Summers crash

Have you heard of the saying “sell in May and go away”?  Traditionally, the period from May through October has been a time of weakness for stocks.  In fact, on average stocks hit their lowest point of the year on October 27th.  And most people don’t remember this, but the Dow Jones Industrial Average actually began plunging right at this time of the year just prior to the financial crisis of 2008.  Most people do remember the huge stock crash that happened in the fall of that year, but the market actually started to slide in May.

Throughout the first four and a half months of 2008, stocks moved up and down in a fairly narrow range, and the Dow closed at a short-term peak of 13,028.16 on May 19th.  From there it was all downhill for the rest of the year.  So will a similar thing happen in 2015 as we approach the next great financial crisis?  Since March 20th, the Dow Jones Transportation Average has already fallen by almost 800 points.  So will the Dow Jones Industrial Average soon follow?  Well, only time will tell, but the Dow was down 190 points on Tuesday.  Signs of trouble are popping up all over the place, and the “smart money” is getting out while the getting is good.

Patience pays

Bought eur/usd @ 1.094818 playmoney, plan to sell at 1.4

The cam shares I will have by august will probably be worth enough in a year to allow me to buy an sp500 e-mini futures contract, just when the stock market should be bottoming out.  Should be good timing.  If I dont have real money now to buy euros then the sp500 in a year is the next best thing.  if i keep my cameron job or get another with a 401k then i could save up for another contract or two.  So im good for one contract for next year but 3 would be better.  I need to save up for next summer/fall.  The stock market might be on clearance.

Thursday, May 21, 2015

Low sp500 volume

Traders warned that below-average volume in recent sessions suggests that not all of Wall Street may be confident in the market's gains.

"It doesn't matter if we're at an all-time high if there are just two guys trading a stock back and forth," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "It's something to be aware of."

The biggest losers

FRONT PAGE  BUSINESS
China's richest man lost $15 billion in one hour
By Sophia Yan, CNN Money
Updated 07:26 AM PHT Fri, May 22, 2015

(File photo) Investors observe the stock market at a stock exchange corporation in Huaibei, Anhui, China.
Hong Kong (CNNMoney) — China's richest man, Li Hejun, is having a really bad week.

The chairman of solar panel firm Hanergy lost $15 billion on Wednesday when shares in the company plummeted 47% in Hong Kong trading -- in about an hour. The company saw $18.6 billion wiped off its market value.

Li owns just over 80% of Hanergy.

And there was another mystery crash in Hong Kong on Thursday. Goldin Financial and Goldin Properties, owned by billionaire Pan Sutong, nosedived more than 40%. Both companies said they had no idea why their shares were plunging,

Before Wednesday's plunge, Hanergy's shares had surged 625% over the past year, making it seven times bigger than First Solar, the top U.S. solar firm.

But the huge climb spurred questions over market manipulation.

On Wednesday, Reuters reported that the Hong Kong Securities and Futures Commission had been investigating market manipulation for weeks, citing an unidentified source. In recent months, the Financial Times has reported on Hanergy's accounting practices and unusual price movements.