A blog about trading, finances, success and life itself
I noticed that my traffic was up today but the source was new:
The Wall Street Journal Online edition.
I was mention by David A. Gaffen in the Market Beat section at 10:30am this morning. Market Talk with Piranha (now ChrisPerruna.com) was added to the box “Blogs We’re Reading” at online.wsj.com. I am honored to be mentioned by such a large publication and thank David for following my analysis. I also want to thank Yaser for the screenshot!
I am proud to say that I will be published for the first time next week in a magazine titled:
The Trader’s Journal
“Asia Pacific’s Pre-eminent Trading Magazine is a product of DPR International Pte Ltd based in Singapore and distributed to Hong Kong, Malaysia, and Australia. Our primary focus is to research and educate you. It can be easily argued that it is the educated trader that will survive in the markets and we want to be a large part of your education.
The publisher, Dickson Yap, has a long history in the industry. Prior to launching the Trader’s Journal magazine, he worked in the Dow Jones Singapore office doing advertising and circulation. His businesses serve thousands of customers around the world in every time zone.”
Some very prominent authors, traders and educators have contributed and still contribute to the magazine so I am honored that they published my article. Here are some of the names you may be familiar with:
Van Tharp
In the unique arena of professional trading coaches and consultants, Van K. Tharp stands out as an international leader in the industry. Helping others become the best trader or investor that they can be has been Tharp’s mission since 1982. Dr. Tharp offers very unique learning strategies, and his techniques for producing great traders are some of the most effective in the field. Over the years Tharp has helped people overcome problems in areas of system development and trading psychology, and success related issues such as self-sabotage. http://www.iitm.com/
Tom Bulkowski
Thomas Bulkowski is an author and private investor. Before earning enough from his investments to “retire” at age 36, he was a hardware design engineer working at Raytheon on the Patriot air defense system and a senior software engineer for Tandy Corporation. http://mysite.verizon.net/resppzq7/
John F. Carter
John F. Carter grew up the son of Morgan Stanley stockbroker, and was introduced into trading as a sophomore in high school, and has been trading actively for the past 19 years. He studied international finance at the University of Cambridge in England before graduating from the University of Texas at Austin. In 1999, he launched www.tradethemarkets.com to post his daily trade setups in futures and equities. More recently he launched www.razorforex.com to focus on forex trading research and trading strategies. He’s a Commodity Trading Advisor with Razor Trading, and manages a futures and a forex fund.
Brett N. Steenbarger
Brett N. Steenbarger, Ph.D. is Associate Clinical Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY and author of The Psychology of Trading (Wiley, 2003). As Director of Trader Development for Kingstree Trading, LLC in Chicago, he has mentored numerous professional traders and coordinated a training program for traders. An active trader of the stock indexes, Brett utilizes statistically-based pattern recognition for intraday trading. http://www.brettsteenbarger.com/
NOTE:
Brett has just released his latest book which I have not read (yet) but have provided a link since he will also be published in the November issue of The Traders Journal.
Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology (Wiley Trading) (Hardcover)
by Brett N. Steenbarger
http://traderfeed.blogspot.com/2006/10/finding-your-performance-niche.html
Price Headley
Price Headley is the founder of BigTrends.com, which provides investors with specific real-time stock and options strategies and investment education to profit from significant market trends. He has appeared on CNBC, Fox News, CNNfn, Bloomberg Television and a variety of print and online financial news outlets, including The Wall Street Journal, Barron’s, Forbes, Investor’s Business Daily, USA Today, and Bloomberg Personal. http://www.bigtrends.com/
Jim Wyckoff
Jim Wyckoff has been involved with the stock, financial and futures markets for more than 20 years. He was born and raised in Iowa, where he still resides. Wyckoff became a financial journalist with Futures World News for many years, cutting his teeth as a reporter on the futures trading floors in Chicago and New York, where he covered every futures market traded in the United States at one time or another. http://www.tradingeducation.com/
Robert W. Colby
Robert W. Colby is managing director of Colby Research in New York and the author of The Encyclopedia of Technical Market Indicators, which has become the standard reference work throughout the world for technical indicators and trading systems design http://www.tradingeducation.com/
For a complete list of contributors, visit their site: http://www.traders-journal.com/issues/contributors.html
p.s. – So what am I writing about?
How the Poker craze can Help you Trade
It’s a 2,800 word article that compares the detailed similarities between trading and poker which have helped me become better at both. I will upload the entire article to this blog after it has been released in the magazine.
With the markets heading lower once again, I am sitting here with a big grin on my face as I start to pack for vacation. Why am I grinning? I have been scaling out of the markets over the past several weeks and have been advising all MSW members to do the same. My indicators have been turning very weak and the NH-NL ratio has been predicting this type of collapse all year long. As the markets neared multi-year highs and all-time highs, the NH-NL ratio stayed weak; a clear sign that we were watching a false move. I don’t expect to see a magazine cover similar to the Time image I uploaded any time soon but I may be wrong(from November 1987).
I highlighted some key quotes of mine on this blog from the MSW screens in May which show you how serious I thought this decline could become. It is a coincidence that I am leaving for vacation and the markets are so weak but it works perfectly for capital preservation. I am not worried about a thing because I have moved to sidelines and will enjoy time in the sun with my family as some people continue to average down and pull their hair out (trying to predict bottoms).
Now I will post up a “dooms-day” article that was featured on The Drudge Reportand has now been uploaded to many blogs and financial sites around the web. It is an interesting article from the London Times. A simple look anywhere online or in print will show you how investors are panicking. Gloomy articles are being written by the minute. Enjoy!
The Sunday Times May 21, 2006
Markets ‘are like 1987 crash’
David Smith, Economics Editor
CONDITIONS in the financial markets are eerily similar to those that precipitated the “Black Monday” stock market crash of October 1987, according to leading City analysts.
A report by Barclays Capital says the run-up to the 1987 crash was characterized by a widening US current-account deficit, weak dollar, fears of rising inflation, a fading boom in American house prices, and the appointment of a new chairman of the Federal Reserve Board.
All have been happening in recent months, with market nerves on edge last week over fears of higher inflation and a tumbling dollar, and the perception of mixed messages on interest rates from Ben Bernanke, the new Fed chairman.
“We are very uncomfortable about predicting financial crises, but we cannot help but see a certain similarity between the current economic and market conditions and the environment that led to the stock-market crash of October 1987,” said David Woo, head of global foreign-exchange strategy at Barclays Capital.
Apart from the similarities in economic conditions, during the run-up to the 1987 crash there was a sharp rise in share prices worldwide and weakness in bond markets, Woo pointed out. “Market patterns leading to the crash of 1987 resemble the markets today,” he said.
Equity markets settled on Friday after sharp mid-week falls, with all the main American stock-market measures recording small gains on the day. But nerves remain.
Gerard Lyons, head of research at Standard Chartered, said: “The volatility is explained by tighter liquidity conditions, markets pricing in more for risk and dollar vulnerability. But people forget that this is not a case of emerging-market economies being in trouble as in 1997-8. They’re in good shape.”
The vulnerability of stock markets is likely to add to the case for a prolonged pause before the Bank of England hikes interest rates, analysts believe.
While one member of its monetary policy committee (MPC) voted for a rate hike earlier this month, some recent data, notably subdued labour market conditions, suggest few signs of inflationary pressure.
Base rate is unlikely to rise until next year, according to a survey of analysts by Ideaglobal.com, a financial-research consultancy. It finds a median expectation that the rate, currently 4.5%, will rise in February next year.
Piranha
Born and raised in New York but now living in New Jersey with a beautiful & loving wife, and two fantastic kids (boy and a girl). This site is about the stock market, success and life … [Read More...]
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