Easy Way Out

Its weak so many are looking for the easy way out. Foreclosures, bankruptcy, strategic default, whatever. Too many trying to skate.

"I ain't with foreclosure, I will never forfeit"

Jay-Z

What goes up...

The market will always boom & bust. This is how great options traders think. On dips they buy calls & sell puts VERSUS buying puts and selling calls on the peaks.

Our economy cycles like a snake eating its own tail. The govt pushes up asset prices, through buying bonds and lowering rates, etc... then they sell out before the heights. Then the market tanks, then they buy in, accumulate, and again at the top, begin distribution. The best traders accumulate/ distribute on the same cycles.

It seems proper that we allow our money to take a natural course. But economists and Ben Bernankes of the world attempt too much control over the ebb and flow. You can't mess with 17 year cicadas or any animal that molts, you just let it shed the old skin, shell, form. Don't fuck with nature. Let it fly. Let it fall. Laissez-Faire, not Laser-Faire

Let the rivers flow, let the trees grow. You think this big planet is mindless and without a plan? Look at everything, it all has a purpose. And when you mess with it you get New Orleans flooding. But that's another post, the stupidity of humans. Stupidity is a force extremely powerful within some and sometimes many. Entertaining to watch what happens to them.

Two Wise Men

A speech from the wise man Nassim Nicholas Taleb

http://www.youtube.com/watch?v=AxJvgbkDhng&NR=1

&

A musical masterpiece from Lyrics Born

http://www.youtube.com/watch?v=GsCRUbWKITA

"The doctor says take a couple of these..., All you had was a headache now you have a disease"

Many of their verses align in message. Medicine has been provent historically to cause more problems than it cures. Coincidence? Do you buy it?

It's pretty sad that this is considered genius, though they are geniuses. Its just sad that we have a nation of total idiots looking for weight loss pills and pills for this and pills for that. Common sense is scarce.

Another song by Lyrics Born about medicine.

http://listen.grooveshark.com/#/search/song?q=Lyrics%20Born%20Pillz

Both speakers are about ACTION! TODAY!

I'm tired of this sleepy sloth, Ben - Balloonhead Bearded Clam - Bernanke. Get this idiot out of here. Go back to being a professor, or stay on unemployment and watch TV like the bum you are.

Trading Relativity

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reasons thinkorswim sucks

1. i have to customize position data columns EVERY single time I open the platform. Only way to avoid this is to leave open and leave computer on full time. I have to select 'customize' then add 'trade price' every time. why wouldn't they fix this by now?

2. ticket errors- myself and several friends and their friends, experiencing tickets coming up wrong. I had clicked a price and adjusted the ticket 3 times before the correct ticket confirmation window appeared. thank goodness i don't trust them enough to auto approve orders with the "SHIFT+CLICK" option.

3. fees. fees for everything. short stock fee that varies, no defined limit on it either! sheisty bidness! not square business.

4.data on the left tab is always out of whack. i need to adjust the heighth of the 'quick charts' every time because they're always skewed. or if i have watchlists they are always mixed up as well. their software has potential to be really awesome if they worked out the glitches.

a couple reasons they're awesome- super sweet charts, with awesome studies.

other than that, they suck

most useful iphone apps for trading

here's my list of best apps for trading, not in any order

-iSwim

-Ameritrade

these apps are COMPLETE! both are the same app since TD took over thinkorswim

1. view futures
2. view options chains (best chains i've seen on apps)
3. set alerts notified by noise in-app, send a text message to any cell, by email, or all 3
4. view quotes, news, charts, set studies in charts

only downside is you can't turn the phone sideways for panoramic charts, but they will probably update that

-CNBC RT

1. sends instant news alerts to your phone. figure out what the masses are acting on so you can isolate yourself from the retard herd of cramer followers
2. the alerts also include useful info such as earnings reports and catastrophic events, beige book results, case schiller results, etc etc.
3. not good for anything else
4. read tickers if you're bored or read news stories. guess the close for a chance to win a car or some crap... who cares just use it for alerts!

-iTWS

interactive brokers mobile platform

view futures, options prices, stocks

options chains SUCK I really hope they work on it

a couple other okay apps

-Bloomberg

view charts panoramic

view world markets (i don't know if its updated frequently)

read news, mostly useless articles

-MaxPainCalc

good for getting a general idea of where strock price needs to be for most option traders to lose $ on premium.

-My Econoday

if you subscribe to the service, it sends you automatic info alerts on important market calendar events. such as earnings, beige book, GDP, jobs numbers, etc. they give you a free week to use it. its worth it, but i don't subscribe anymore, the information is available online and everyone you know who trades will be anxiously awaiting the information so they'll probably be bugging you with their anxiousness anyway

-Twitter

or any iphone twitter app

These are priceless if you follow the right people, search through stocktwits for the best tweeters

@harmongreg for example is one. leave a comment if you want a list of traders and i can post my twitter stock list.

i started using twitter just to follow traders, and now i follow a couple funny tweeters, SarahPalinU5A is hilarous

You've seen sneaky inflation, now what about sneaky deflation?

Inflation as generic and expected causes a weakness in the currency, causing retail prices of everything to rise.

=Less bang for the buck

But inflation as realistic and experienced (unexpected and unnoticed by many) is lower quality of products, and prices remain the same, while the 'value' of the dollar appears to remain the same or even escalate as we've seen. Another good example I've seen is a smaller bottle of water replacing a bigger bottle of water, yet the price remains the same.

Look at vehicle quality(toyota, recalls and failed recalls), look at hiring, look at all the trimming and cost cutting going on everywhere.

I don't have any idea of what is REALLY going on, but I try to make sense of what I see & hear.

http://www.rickackerman.com/2010/06/uk-deflation/

read this story on deflation, which is the route Britain is beginning to take.

Since every action has an equal and opposite reaction, I believe our sneaky inflation will result in a deflation... but will it be sneaky or will it be blunt>

The question I want to ask is what would happen in a sneaky deflation?

products are already crappy, selection is limited, and production is scaling back. Manufactures unable to move their product are pushing it off on wholesalers and discount retailers.

The dollar has a lot of room to fall and is towering over other currencies...

(which brings me back in time to this funny video from Hoofy & Boo.) The dollar is up, and many expect it to slump (and give some cushioning to declining stock prices)

For any wise person who stumbles upon this, please help me figure out what to prepare for. What has history taught us in this situation?