As a pilot I cant say how much joy this picture brings... Being a good trader is not a lot different from being a good pilot. Of course making mistakes as a pilot carries with it a much bigger potential loss. The best part about this story is that Capt Sully spent his whole career as a pilot preparing for this 5 minute test of his skill and merit. He is a true hero and I am motivated every time I see this picture.
LINK
Since I posted on CAT back in June The stock has nearly doubled. too bad I was playing tic tac toe
This is a video taken by my Dad while me and my buddy J.B. were rolling down the hill to make those spuds pop up like bubbles. Apples of the earth or ground berries... Call it what you will. Now its time to go to market and "engage in commerce with our brethren" as Adam Smith would say.
STAR shined enough to get the attention of CSCO who made an M&A play for the issue for $35 per share. A nice piece of news to wake up to.
currently long GLD STAR FUQI ARST
please enjoy the video
Every time we find the stock market in an unexpected run to the up or downside and the pundits are wetting themselves with glee; Eventually some old relic from the crash of 1929 gets on the air and reminds us of the only important information a trader needs. Hence the old stand by quote for times of so called irrational market behavior... "DON'T FIGHT THE TAPE!!!"
The market is what it is! Standing by in unbelief never made a trader a dime. The market is not Mr. Spock. It doesn't have to act logically. Moreover it doesn't have a mind, let alone "a mind of its own." Prices on a ticker tape. You as a fortune teller have one of two methods for calling the market direction ( you can use history or you can guess at it) if you use the past, or "the tape"- go with the trend and make a profit we call it a win. Some traders use the latter method and still call it skill when they win. The day you let the tape tell you where stocks are headed, AND trade accordingly; you will finally start to get in on the right side for consistent returns.
In recessionary conditions many traders and investors will look to companies like Kellogg. Why? The first reason is that traditional sector rotation used by many money managers dictates that they should. Secondly, there are companies that produce goods that we the consumer wont give up. I.e. Food. Lets face reality, we all need it and you will give up the dream of a brand new car if it means the difference between feeding your kids and letting them starve.
I want to highlight (K) Kellogg for some additional reasons. First they pay a steady dividend, moreover the earnings per share are actually coming in higher than expectations. and perhaps most important The stock price has begun to establish new highs. As always the trade has to be right for you, so let your own rules dictate the actions you take.
I am down to 3 active stock trades and I can only say I am really all that happy with 2 of them. I will say that if you have been watching ticker symbol STAR one of my holdings, you can see what a good "scale in opportunity" might look like as price movement continues to set new highs...
A special photo comes from my farm in carbon county... This is a close up picture of a Peregrine Falcon that became dehydrated and decided to hide in the shade of the old John Deere. My Dad found her just trying to find shade. she was not in good shape. she needed water bad. My dad did what he could and took a few pics. The Animal rescue folks came the next morning and took her to the sanctuary. She should be just fine in a week or so. I think she is like most investors right now- cant run cant hide and certainly cant find much air up there. Please enjoy and if you have any questions about my trading and really want to learn something; ask a question or 2- I am always in the mood to talk stocks.
DD
I could not resist posting this video. So join me in tipping your hat to the new revolution. let us usher in the new day where mutual fund managers are no more.
BETTER CRANK YOUR SPEAKERS FIRST!
STAR-
This is the kind of thing you want to be looking for when a stock begins its run. Big volume and price movement and a confirmation on the day after the breakout.
Stay away away from the hope dope. any decent trader can see that we are in a down trend. The only new highs we are seeing right now is from those who are too deep into the chronic.
With that in mind you may want to go long some "Little Debbies"
If you cant use your previous failures in trading as a learning tool; you will continue to trade like an animal in a maze.
Use a robot if you have too. Any thing is better than your natural human hard wiring.
I think this panel discussion on robotics will really help.
The current economic situation may have many of us in the grips of doubt and worry. I don't have any good trades to share, but let me instead share a quote from a fictional man who had to face one of the greatest evils the world of fiction has ever known.
"Oh, friend John, it is a strange world, a sad world, a world full of miseries, and woes, and troubles. And yet when King Laugh come, he make them all dance to the tune he play."
-Dr. Abraham Van Helsing- from Bram Stokers Dracula
So my trading friends- don't let the best medicine pass you by each day, "King Laugh" and don't be afraid to dance with your voice and hopefully you will get a sore rib or 2 along the way. 
She won my heart when I was a kid and she was on Little House on the Prairie. I can't stop loving you Missy! If only you had not gone to Harvard, and I was not already married to the perfect woman.
based on my chart reading techniques and prior experience; I am looking at today as a true break in support for the Dow Jones Industrial Average. I have been expecting this to happen. The NASDAQ also took a knot on the head. All you chuckle heads out there in the "trade-o-sphere" read it like it is, and make your own moves. Now is not the time to panic. Just let the market be what it is and keep making plans for your own future.
The reality of the 6th ring has really just started to sink in for me. All you pukes out there can say what you want to. REALITY and truth speaks for and defends its self.
BAM!!!!!!!!!!!!!!!!!!!!
from Bettis to Bradshaw to Big Ben striking Ten!
YEEEEEEEEEEAAAAAAAAAH!
this is black and gold and every shade of my homies in the Burgh appreciation month!
All jokes aside... The Steeler's are My team and I will see them through to glory. Dude with Slash on our side there can be only one possible outcome... Who do the Cards have on their side? Snow White?
Last week in our Sunday meeting those who preached the gospel were asked to focus on blessings. As I sat back and listened I was reminded just how fortunate I am to have true wealth.
Someone once said- "Empty your purse into your mind and you will never be poor" as I work on various projects to bless my family monetarily I often forget what true wealth is. The word Hallelujah simply means "Praise be to God" in Hebrew. I would be remiss if I didn't share my thoughts here. A friend of mine was talking about being a provider and making sure his families needs were met. Mostly we talk about trading stocks, but today was a bit different.
Let me tell you what is worth giving praise to God...
ANY THING GOOD IN YOUR LIFE! No matter how hard you work and how much money you earn and so on; you and I were given everything through the LORD omnipotent. plant seeds and water them, but remember that God gives the increase.
If your not trading stocks right now and you are uncertain that's fine. But don't loose your edge. Now is the time to cut bait. So while you do it, let your mind focus on the tremendous blessings of living in a free country where we can participate in a republic that allows us to practice a capitalistic system.
I'm not sure what has lead me to take the time to share something with all of you... S.R.V. was and is a major influence in my life and choice of music, friends and so on. To me Stevie was a perfect example of how god can give and take. Stevie had a gift that is so very rare among men. His story is a sad yet inspiring. The song "Life by the Drop" (for me) represents so many things.
The best part of SRVs story is that he died after having recovered from severe addiction. He said in an interview once that the best work of his life was produced after getting help to overcome demons. He did not O.D. or kill himself like others who have gone before and after. He was strong enough to surrender to the truth.
SRV had the touch, gift, mojo... call it what you will. I have listened to his music all of my life and I always get goose bumps when I hear him hit that one special note that only he can grab...
I have no doubt that the next few years will hold challenges and pain for all man kind.
So here is my challenge to you and I take it myself: Ready? Do it! whatever it is you need to do (you know what I am talking about) Face your demon and live the life you know you are meant to.
This song is so profound and I will let you find meaning in it for your own needs... But please don't procrastinate one more day (for SRV it meant Hard Core drug addiction) for you it may be something different, I know I can never be as good at playing the guitar as SRV- Thats not my goal. But every time I watch and listen to greatness I fee something deep in my soul that stirs... What is stirring in you? Are you going to bring it to a boil? or just fade away...
Here is my week as I see it going down...
1-Get 12 workouts in- that's about 30 hours in the Gym, Pool, road runner whatever it takes
2-Push my limits in mental terms... read 2 hours a day
3-Get someone on the midnight express with me-
4-Grow with the pain
Please join me if you are willing- that's what I meant by "getting on the midnight express.
God be with you all.
I'll be doing my first workout in about 40 minutes so I can get a strong start!
more to come... see ya tomorrow after the market breaks key support levels
Well party people. I'm still short the DOW and long gold. I don't see the bulls getting much of an upper hand any time soon. I spent the 30th and 31st in the 4 corners area helping my big brother install a new domestic boiler in a house. We ere freezing and wondering when we would ever get done, but I would not have had it any other way. I love working with my bro. I have included a picture of the project in its final stages... this was about 8:00 PM on new years eve. Good times man!
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