Broke: The New American Dream

SunPower's (SPWRA) Quarterly Profit Shot Up Five-Fold

by greentechmedia


The solar panel maker, which also ended 2008 on a high note, is bracing for 2009 by cutting costs and focusing on the utility solar business.

SunPower reported Thursday a five-fold jump in net income in the fourth quarter and a huge surge in revenue, and it expects revenue and profits to grow in 2009.

The mood though, is far from euphoric as analysts and company executives are still worried about the fragile state of the economy. SunPower, in fact, announced it laid off about 6 percent of its non-manufacturing employees, or 1.2 percent of its overall global workforce.

The San Jose, Calif.-based solar panel maker brought in $29.55 million, or 35 cents per share in the fourth quarter, compared with $4.88 million, or 6 cents per share, from the year-ago period. A strong U.S. dollar against the Korean won resulted in a 7 cent per share gain, the company said.

Overall, the company generated a net income of $92.29 million, or $1.09 per share in 2008, well over $9.20 million in net income, or 11 cents per share in 2007.

Revenue for the four quarter rose nearly 79 percent to nearly $401 million from $224.34 million from the same quarter in 2007. For 2008, SunPower generated $1.43 billion in revenue, up roughly 85 percent from $774.79 million in 2007.

The company wouldn't provide a quarterly forecast, citing difficulties in gauging market demand during the downturn. SunPower's new chief financial officer, Dennis Arriola, said the economic downturn will likely make its mark on SunPower's finances in "the next few quarters."

For 2009, the company expects to generate $1.6 billion to $2 billion in revenue, and $1.40 to $1.90 per share in earnings. SunPower, which is building a third factory in Malaysia, expects to have more than 450 megawatts in production capacity this year.

While numbers that like might have made investors cheer in years past, the mood now is dour. Before SunPower announced its earnings, several equity analysts questioned whether SunPower could stay competitive in the short-term given that the company has positioned itself as a maker of highly efficient – and hence more expensive – solar panels. Given the financial market crisis, customers might turn to cheaper alternatives, analysts said (see Wall Street Feeling Downbeat on Solar).

The company's quarterly numbers did beat Wall Street's expectation, sending its shares up in after-hour trading. The company's Class A shares grew nearly 12 percent to reach $32 per share in after-market trading. The Class B shares went up nearly 9 percent to reach $23.90 per share.

SunPower CEO Tom Werner told analysts during a conference call that the company plans to invest more in the business of building large-scale power plants for utilities in the United States. The U.S. utility market is expected to grow 50 percent annually over the next five years, Arriola said.

More than half of the states are requiring utilities to buy more renewable power, and President Obama has vowed to double the country's renewable power production in three years.

"This is a time of transition for the company. We are moving rapidly into the utility power plant market," Werner said.

SunPower is developing a plant for Pacific Gas and Electric in California and Florida Power and Light (see PG&E to Buy 800MW From OptiSolar, SunPower). The two projects are on track, SunPower executives said.

The company is working on trimming expenses by using thinner silicon wafers and buying silicon at cheaper prices, Werner said. SunPower has seen the raw material prices fall by 10 percent in 2008 from 2007, and it expects to see at least another 10 percent drop in 2009, Werner added

The company also recently laid off about 60 people out of its 1,000-person, non-manufacturing workforce, Werner said. The company employed roughly 5,000 people overall before the layoffs.

Obama/Gore Offer The Nation A New Energy Opportunity - Why Not?

Though there is no news of improvement on the national or international economic fronts, there is even more sobering news from climate change
scientists about the state of our earth. A new, long-term forecast from the U.S. National Oceanic and Atmospheric Administration (NOAA) and scientific authorities from France and Switizerland that changes in the atmosphere now make drought and flooding irreversibly inevitable in this century. The only question remaining is how severe these will be.

Susan Solomon, senior scientist, NOAA: "I think you have to think about this stuff as more like nuclear waste than acid rain: The more we add, the worse off we'll be…The more time that we take to make decisions about carbon dioxide, the more irreversible climate change we'll be locked into."

In his testimony to the Senate Foreign Relations Committee on January 28, Al Gore essentially repeated what he has for 2 decades been trying to make the nation see.

Gore: “…as long as we continue to depend on dirty fossil fuels like coal and oil to meet our energy needs, and dump 70 million tons of global warming pollution into the thin shell of atmosphere surrounding our planet, we move closer and closer to several dangerous tipping points which scientists have repeatedly warned – again just yesterday – will threaten to make it impossible for us to avoid irretrievable destruction of the conditions that make human civilization possible on this planet…”

continue to read....

Running A Blog Is Never Easy

Every night I gotta post something and usually it's my prediction of the market for the immediate term and long term. It represents my thinking of the market, tentatively, given how I process all the information. I can't just post about the same thing over and over again that I'm pretty certain about.... like solars becoming huge plays in the years ahead. Some of you are already tired of hearing solars. lol. You don't want to hear that everyday, I'm sure.

Since I love daytrading, I try my best to post my thoughts for the following day. Being that I am not a psychic, I know I'll be frequently wrong and I'm ok with that. I read my charts and I kinda know when I should not be in a trade.

No matter what I say, I still watch the tape every morning to get an idea how to position my trades, regardless of whatever crap I spewed forth the night before. You see, the market in the immediate term can really run on unexpected news, both good and bad.

Yesterday, I called for a gap higher for this morning, and it gapped higher. When it looked like it was running out of steam, I sold the SPY for +.40 . So I must be thinking the market will be reversing soon. I bet some of you bought on the gap up. Why? Those of us who got in Friday at the close are looking to dump our shares on the gap higher, so why are you jumping in the first thing in the morning????? You missed the trade...so the next thing to do is to watch the market for the first 30 minutes after the bell to let it establish a range. That way, you have something to base your decision on before making a move. In today's case, the market moved out of the range and went lower after the first 30 minutes following the opening bell. This should tell you that it's very weak and the trend is lower and will probably close lower. So if you wanna trade it, you could have put in a short position after the first 30 minutes. Or you could have faded the gap higher.. where many of us sold our overnite long position. See, there are many way to trade the market. You just have to see things as they are and not go by someone's predictions.

Do you want my most confident prediction play? Keep accumulating SPWRA on all dips throughout the next 6 months. Do you want to know my most confident way of helping you? Get the Beanieville System. With the manuscript in your hands, you'll understand why I can be wrong with my predictions and still be able to make money.

Do You Have To Have Any Of These Things In Order To Do Well In The Stock Market?

Elliot Waves? no

Fibbonacci Retracements? no

Ganne's Analysis? no

Options trading? no

Penny stocks? no

Futures trading? no

Expensive workstation? no

Great money management? YES (This is the most practical for the masses!)

Discipline? YES

Predict the future? no

Forex trading? no

Leveraged ETF trading? no

You need to know Jim Rogers? no

Have to be a good person? no

You have to find the next Cisco? no

Have to be a hyperactive daytrader? no

Have to be a good stock picker? no

You have to be right about general market direction? no

Have to have high IQ? no

Have to be rich first? no

You have to be fluent in English? no

Closing higher tomorrow.

With good earnings from AMZN, which crushed earnings and issued strong guidance, I suspect the market will close higher tomorrow. It may even be a very strong close. The market is dying for news like AMZN's and that's what it got tonite. I do not think people can ignore AMZN's earnings tomorrow.

The SPY should trade above 85 and set the stage for a good rally into the close. Certainly possible we get an early selloff.... but I think the bulls will come roaring back later afternoon.

A Picture For The Soul

Fade the Fed?

Traders usually fade the fed move.... so it could a down day tomorrow. At best, we could see SPY 89 (if someone feeds it some spinach) before the inevitable pullback. We are up four days consecutively, you know.

On a different note, we might actually gap down tomorrow. Since I wasn't too sure earlier about the overnites, they are not biggy positions for me. Only when i'm surer than my mom is a woman then i go in big. In fact, i usually don't play the overnites everyday...until i started announcing it on this blog because some of you wanted something to trade afterhours. There are really good, sometimes near perfect, overnite trades, but they do not happen everyday. I can certainly play them everyday but i adjust my position size accordingly depending on my certainty. I did not call any overnites yesterday but I heard many were short. They were screwed royally and they took it like champs.

How I Handle Stop Losses And Profit Taking As A Daytrader

After waking up a not so restful nap, I got a couple of emails from people wondering what to do with their SPY shorts now that the etf gapped higher by nearly a buck.

I'll talk about how I handled today to give you an idea how I normally handle my daytrades.

This morning I shorted about 84.35 when I saw the intraday batwings (not as accurate as batwings that span the whole day). SPY went against me and took out this morning's high of 84.76 . At that point I should have covered but did not because I believed in the Batwings. So I raised my mental stop to one penny above the next whole number, which became 85.01 . I covered when we broke above that, with the intent to reshort below it. Now, if I had no intent of re-shorting, I can set an ultimate stoploss at a penny above yesterday's high. That would be all the pain I'm willing to take for the trade (at that point, I should be thinking I'm pretty screwed up already because I turned a small loss into a big loss, from .4 to 1.0).

Good fortune bestowed upon me when the SPY could not hold 85, and I put in another short at 84.90, but with the mental stoploss at 85.16 (where the breakout stopped short). That's the point I was gonna close both shorts....or maybe yesterday's high since we're so close to there already. Note that the short above 84.9 was twice the size of the covered short at 84.35. I essentially got back in about where i covered my first short. So I was short 84.9 and short 84.98.

The SPY finally took a dive to the low 84. Now, if you had two short positions, one at 84.35 and one at 84.9, and now you're profitable, what would you do? You never let a decent loss turn into a gain AND let it turn back into loss! That would be idiotic and will eventually ruin your account. So I closed out the second short at the low 84 for a +.7 gain. That locks in my profit and keeps me less likely to lose on the trades. I decided to close the first short at about 84.50 (for a -.2 loss) when it seemed like the 84 wasn't cracking, and then proceeded to take a nap.

So I turned a potentially decent loss into a moderate gain. Definately, I would not let those two turn into a net loss when I was fortunate (when God deals you a lucky hand, you take it!) to get back nicely into the green. Worst case, I would set a stoploss at breakeven for those two positions.

Some of you shorted at about 84.9 with me. You had a chance to get a +.8 on the trade and you chose to hold on and even let the afterhours kill you. This makes absolutely no sense. It is very frustrating to turn a big gain into a moderate sized loss like this. At the very worst, you should have set the stoploss at the 30 minute high of 84.77, breakeven, at 85.01, at 85.16, or yesterday's high. With that much gain in front of me, I would set it at breakeven if I decided to hold onto the short longer. Think about this for a moment, you were up +.8 and then to +0.0. You gotta be thinking, "Man, this thing is strong if it can give me a nice profit of .80 and then take it away just like that!"

I was working from an inital loss and I took it when I was given a chance to breakeven. I was lucky and I got a little bit more. It makes no sense to me how some of you turned a possible .80 gain to a .60 loss as it stands right now afterhours, which is trading above all the stoploss points I noted above.

Work on your stoploss and your profit taking.

I just got back home not too long ago

....and not very impressed with my beloved SPWRA. This thing may want $20. So you trade solars you better be quick or have a long term perspective.

The market couldn't hold the morning's excitement. Not a good close at all. We will likely gap down tomorrow. I've already shorted the SPY @ 83.7 area for overnite.

Some of you are getting way too anal about the 'Overnite Daytrades'. When you get a profit, just take it and not make too big an unnecessary fuss about it. On Friday, I called for a Monday gap down, and this morning we rallied. If you want to get very technical about this, note that all of Friday afterhours we actually gapped down and the futures gapped down on Sunday evening and Monday early morning. Then sometime premarket it slowly started rising. The SPY futures spent most of the time in the red since Friday's close. So technically we did gap down, because we spent most of the time there. You also had several chances to book a 1/2 point or more profits. You can't complain about that play. It was a good play. Look, the market is never set in stone. There are market manipulators everywhere. Even though my analysis says we should gap a certain way, it may not happen because big money might want to gap it the opposite way. I love the Overnites but there will be times I'll be wrong, but it won't stop me from making money (or minimize losses) one way or another using the Overnite Daytrade methodology.

Richard Dennis and the Turtle Traders

by Michael Covel:

"I don't think trading strategies are as vulnerable to not working if people know about them, as most traders believe. If what you are doing is right, it will work even if people have a general idea about it. I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline."
Richard Dennis

"...he placed classified ads proclaiming 'trader wanted,' he got some 1,000 responses from people eager to learn his methods. He settled on fewer than two dozen novices--among them two professional gamblers and a fantasy-game designer--and after a two-week training program, he gave them money to trade under his firm's auspices. Several went on to become top commodity-fund managers..."
Business Week


"Unlike Eckhardt (and most other savants) Dennis believed that trading could be taught and learned. Eckhardt belonged to the you're born with it or you're not camp."
Barclays Report

Richard Dennis must be saluted for his skills as a trader and teacher. His instruction to his students the Turtles was a great story and Trend Following philosophy has stood the test of time.

Dennis himself has made hundreds of millions of dollars over the years. But while his students have had successful money management careers, Dennis seems to not mesh well with clients. If Dennis just traded for himself he would be fine (and much richer).

............continue to read more here


Go ahead, if you've never heard of the Turtles, go read about the Turtles who were taught to excel in commodities trading. Some of the best ones can get 100% annual returns on their money. Those types of results are beyond excellent. I've read about their story awhile back and was pretty intrigued. However, after the discovery of my Beanieville System, I realize these guys are too elusive, Turtle Trend Trading sounds pretty complicated and it seems many of the participants are extremely smart people. You know me, I like simplicity because I believe that what is most logical tends to be simple and that most people can apply them without gigantic neurons as a requirement. Like Richard Dennis, I do not believe that good traders are a byproduct of their genetics. I believe people just need to be shown the right way to approach the stock market and most can excel. Trading risky instruments like commodities is not necessary in order to make massive returns. Trading regular equities is safer and potentially much more lucrative if you approach it the right way, and that is what the Beanieville System teaches. It befuddles the mind that I see smart guys go into options and futures trading when it is entirely not necessary. In my opinion, options/futures trading is wicked and it cancels out whatever intellectual advantage most people have. Trust me, you will be very impressed with the Beanieville System, which gives everyday folks a fighting chance. You don't believe me? Go ahead, go learn about Turtle Trend Trading and then get yourself the Beanieville System. I have no doubt in my mind that you will pick the Beanieville System over the other one as the simpler, more logical and more powerful way to go. But that's just my opinion. Don't you want to find out? You want to be the best that you can be and rule the stock market, right? Then go find out!

I have a dream...I have a dream... that one day the Beanieville System will create many 'Trading Wizards' in the future. I helped turn on quite a few proverbial light bulbs already. Want to get serious about your trading and investing and start building long term wealth, or do you just want to monkey around? Order the Turtle Trading System and get the Beanieville System. One of them, or both of them, should rock your world. If both don't help, then I believe trading/investing is probably not for you and you might want to try another endeavor.

Am I Right?

Everybody knows I really hate options trading. I slam it consistently:

Is options trading blowing up your accounts?

Another Lesson On Why You Should Avoid Options/Futures

Some of you thought I was joking or that I have nothing better to do with my time than to deride something used by many reputable traders. Reputable yes, but not necessarily profitable. Trading stocks is already as hard as it is. I guess some people just like to feel excrutiating pain.

With options trading, you need really good money management skills and many positions for diversification purposes. Some people own too many positions which severely limits the gains and defeats the purpose of why they get into options in the first place. Too few positions, too risky. Too many positions, why bother?

I still visit Mr. Tim Knight's blog occasionally, but last week I happened to bump into a post made by him that after many years of trading options (which he normally keeps at 50-200 positions), he will no longer do this. Some traders, myself included, were pretty puzzled by the logic of owning that many positions. But anyways, he said, if I recall correctly, pretty much he will stop trading options that way and instead trade the leveraged ultra ETFs. I was shocked to see Mr. Knight finally moving away from trading options the way he's been doing, though I wasn't surprised. I just know that most people, some sooner than others, will eventually realize that options trading isn't the way to go. Since both options and ultra ETFs are about leverage, it makes more sense to go into ultra ETFs because they're generally much safer than options and offer similar outsized returns. Many people who trade futures are also moving into ultra ETFs.

I predict, however, that most people will find that ultra ETF isn't all it's cracked up to be and move back to regular equity trading, once the Beanieville System (a powerful money management system that yields mega returns through safer equity trading) becomes more popular. It may take some people a long time to finally come around and take a look at the Beanieville System. But, eventually, they will. Do you think I'm wrong? I betcha I'll be right again.

Solars Ready To Shine

FSLR, SPWRA and ENER are my favorites and the only ones I would touch. If you like Chinese firms, then STP is for you.

The market gapped down huge on friday, but reversed immediately right after the open and never looked back. This is a highly bullish reversal pattern. The market did not continue in the direction of the opening gap. Had it continued moving in the direction of the gap and not fill it, it is called a "Breakaway Gap" which is quite bearish.

Any gap down on Monday needs to be bought. This market is headed higher.

Trend analyze the stocks.

Is This Poor Soul You?

Is this you? :

"I effing give up. I sold my entire $75,000 portfolio today except for legacy positions in AT&T and GE I inherited in my dad's estate. Yeah yeah yeah I can't wait for the crowd of brave people to tell me how I belong in CD's and you need stones to be in the market and all that @#$%. All I can see is, 15 years to break even, I'm sick of it. It finally clicked for me today that the market is just gambling. I'm tired of gambling. It isn't profitable, or fun either. Next time I need to gamble, I'll take $500 and go to Atlantic City, see some sexy babes, have a few drinks, and then get back to the real world the next morning. This stock market thing is an effing joke. What is a stock actually worth, anyway? What is a share of SPY worth? Is it worth $83, or $1,000 or $1? Why is it $82 or $83? Ever think about that? All that discounted cash flow analysis nonsense, and it all boils down to hoping and praying someone else will want to pay more than you bought it for, and in the end, why should they?"


Do not give up, ever.

The Beanieville System will help you tremendously. It may even change your life.

www.traderbeanie.com

Utilities turn to thin-film solar for big power

By Todd Woody of the Green Wombat:


With Big Solar thermal power plants bogged down in bureaucracy and facing environmental and financial hurdles, utilities are turning to smaller-scale thin-film solar stations that can be built in a matter of months.

In late December, PG&E (PCG), for instance, signed a 20-year contract for electricity generated from a 10-megawatt thin-film solar power plant in Nevada owned by energy giant Sempra (SRE) that was officially dedicated on Thursday. The solar farm was built by First Solar (FSLR) in a scant six months. Meanwhile, the utility’s nearly two gigawatts worth of deals with solar thermal power companies won’t start producing power for another two years at the earliest. (Southern California Edison (EIX) and San Diego Gas & Electric signed agreements with solar dish developer Stirling Energy Systems for 1.75 gigawatts in 2005 and those projects are just now beginning to move through the regulatory approval process.) And the financial crisis has made it more difficult for solar thermal developers to obtain the billions of dollars needed to finance the construction of a massive megawatt power plant.

Solar thermal power plants typically use miles of mirrors to heat a fluid to create steam which drives an electricity-generating turbine. Photovoltaic (or PV) solar farms essentially take solar panels similar to those found on residential rooftops and mount them on the ground in huge arrays. (Thin-film solar panels are made by depositing layers of photovoltaic materials on glass or flexible materials.)

“In terms of construction, photovoltaic tends to have a much faster development and construction track,” Roy Kuga, PG&E’s vice president for energy supply, told Green Wombat. “There is a segment of mid-sized projects – in the two to 20 megawatt size - where PV shows a distinct advantage in that market. There’s a huge potential for the PV market to expand.”

That’s good news for companies like First Solar - the Tempe, Ariz.-based company backed by the Walton family that is often called the Google of solar for its stock price and market prowess - and SunPower (SPWRA), the Silicon Valley solar cell maker that’s moved into the power plant-building business.

The speed at which the Sempra-First Solar project went online owes much to the fact that it was built on the site of an existing fossil fuel power plant. “It was already permitted for power generation, transmission existed and it did not have to go through the laborious California permitting process,” says Reese Tisdale, a solar analyst with Emerging Energy Research. “As such, First Solar was able to essentially plug and play.”

Nathaniel Bullard, a solar analyst with New Energy Finance, says he expects utilities increasingly to bet on smaller-scale photovoltaic farms to help meet state mandates to obtain a growing percentage of their electricity from renewable sources. Just this week, PG&E CEO Peter Darbee said his utility plans to invest in solar power plant projects rather than just buy the power they produce.

“I think a utility could easily integrate, technically and financially, 100 megawatts of PV,” Bullard says. If something is falling behind on your big solar thermal projects, you can plug in PV. I think you’ll see more of this with California utilities and I expect to see it more in Florida and North Carolina. It’s a great runaround to issues of siting and transmission.”

That’s because in California photovoltaic power plants do not need approval from the California Energy Commission. And smaller-scale plants take up far less land and can be built close to existing transmission lines. Most large solar thermal power plants typically are planned for the Mojave Desert and require the construction of expensive power lines to connect them to the grid.

The modular nature of PV solar farms means they can begin generating electricity as each segment is completed while a solar thermal plant only goes online once the entire project is finished.

“Certainly there is a sweet spot in which the project is large enough to gain advantages of scale,” says Tisdale. “Also, these small-to-mid-size systems can be spread about a transmission network, instead of at one site.”

Bulls Headed For Another Beating

It is important we gap up big...to north of SPY 84 (not likely), or else we will sell off rather hard tomorrow.

I actually placed a long SPY trade for a possible overnite gap higher.

Two reasons made me close the trade:

(1) After GOOG announced, the stock gapped higher yet the SPY didn't move much. This is exactly what happened the day before when AAPL beat but the SPY didn't budge (which should have been a warning), and the market sold off today. Same pattern, so it wouldn't be unreasonable to assume we will sell off tomorrow as well.

(2) It was not easy to spot but I cannot rule out the batwings formation. Somewhat hidden. Not classic. Decrepit. But it is there.

"Overnite Daytrade":

i will not be playing this one, for the same reason as yesterday.

GOOG earnings tonite.

SPWRA reports on the 29th

SPWRA closed @ 32.5

SPWRA is currently trading in the support zone of 31-33.

Since earnings is coming up next Thursday, I think there should be a pre-earnings run very soon.

Now, I have no idea if they're gonna beat or disappoint but I do have a position for the long term and I intend to hold it.

A Picture For The Soul

Detian Waterfall of China

Today Is Another Lesson On Why You Should Avoid Options/Futures

Unexpected huge reversal days like today's can really kill the options/futures traders, more so the option guys. In options trading, you rarely get a chance to get out at breakeven. By the time most guys cut their losses, their options positions are usually down by at least 50%, especially the front month options. With that kind of stoploss, most people are merely spinning their wheels and going nowhere. Get yourselves involved with these instruments and I guarantee you're always gonna feel miserable about being a trader. Please... try to make life easier for yourself by sticking to pure equity trading.

Stock traders like me can easily get in and out with ease and with little or no loss, not that I lost any money today. It was another wonderful day for me and thank god I have the sense to stay away from "leveraged" trading years ago.

The Beanieville System also puts my trading way ahead of the pack. This is what I call stress-free, highly profitable and highly sensible trading/investing. There simply is no equal out there in terms of logic, power and simplicity. No kidding.

So you're stubborn and you think options and futures always give you better returns than equities? Think again! Wait until you read the manuscript first before drawing such a naive conclusion.

The signal for the reversal is SPY above 82

As soon as that gets taken out, we're likely gonna get a big rally.

The 82 is now very strong resistance, so if we clear that then we will get our reversal.

We should gap higher, as indicated. How we pull back is important. We are also very

short term oversold, so a rally is in order at least early on.

Solar Fuels Economic Growth In Europe

The current ESF Science Policy Briefing, put together by leading European scientists in the field of solar-to-fuel energy conversion, offers a common scientific view on technologies to harness solar energy and how to meet the challenges for Europe today and in the future.

The briefing recommends putting top priority on the development of biosynthetic solar-to-fuel and biomimetic photosynthetic technologies as a means of sustainable energy if Europe is to become the leader in the field.

Providing affordable energy in a sustainable manner and without causing environmental damage is one of the toughest challenges in the 21st century. Currently, in addition to creating closed-cycle zero emission fossil fuel technologies, solar energy conversion and nuclear fusion appear to be the most favorable solutions for clean energy production.

In order to overcome the many challenges and lack of understanding related to the clean fuel research, the briefing lays out long-term steps to a European action plan for harnessing solar energy for the production of clean fuel along with societal, political, and economic recommendations. Here are but a few:

continue reading.....

Overnite Daytrade:

bought SPY @ 80.59

half position.

A Picture For The Soul

Check out the results of the futures markets

I'm not into options or futures and I don't recommend them at all, but if you must, the Ino people talk about their results using their proprietary "Trading Triangle":


A year and a half ago we decided to track the results of our MarketClub "Trade Triangle" technology in six different markets. The markets we decided to trade were corn (CBOT_C), wheat (CBOT_W), soybeans (CBOT_ZS), crude oil (NYMEX_CL), gold (XAUUSDO) and finally the dollar index (NYBOT_DX). We picked these markets at random, not because we could see into the future, but because these markets historically have had prolonged and therefore profitable moves in the past. Most big markets have one or two moves every year. Our "Trade Triangle" technology allows you to catch these moves and stay on top of the market.

click here

I have truly been surprised and amazed that we have had such big returns, especially in the last two quarters. When I helped co-create MarketClub, I knew we had something great... but even these results would astound anyone.

In Q3 of '08 we had a phenomenal return and one that I did not think we would see again. However, in Q4 of '08, not only did we exceed the Q3 results but we did it in different markets which is quite remarkable. This underscores our fundamental belief that investors/traders should be diversified into several different markets.

In Q4 of '08, the results we had in corn were significantly less them in Q3. Non-the less, they were positive. Our Q4 results in the wheat market were almost double that of our previous quarter's earnings. Soybeans on the other hand proved to be very positive, but not as positive as Q3 which was our best quarter ever for that commodity. The star of the show, or I should say the quarter, was crude oil. Crude oil produced an astounding gain of 40,040 per contract in the quarter. This return was practically double our Q3 results and by far our best returns of any market in this quarter. You may want to watch our Q3 movie and see what we were saying about crude oil at that time.

Gold proved to be just that, golden, as the yellow metal produced another stellar return in the quarter. Lastly, the dollar index showed it's best returns in 6 quarters.

Q4 of '08 turned out to be a record quarter producing 78,142 in gains before commissions. This was our best quarter ever and quite frankly it was more than we had expected.

The return on capital for the last six quarters was 624%. The number of positive quarters (for all six markets) was 34 out of 36, that's a 94.44%positive streak. Losing quarters for the six commodities totaled to just 5.5%. (Special note: We are trading six markets and six quarters gives us a universe of 36 individual quarterly results to judge our results by.)

In the 6 quarters we have traded the six commodities listed above, we have never seen a losing quarter dollar wise or quarter wise (no pun intended).

Certainly there is no guarantee what Q1 of '09 will bring. Certainly the markets we are in have a tendency to move, therefore they should present opportunities to make good returns in the future.

Take a look at this short video that I have prepared to show you the results. I will go through some of the actual signals that we dynamically generated with our "Trade Triangle" technology. The "Trade Triangles" are just one tool of our MarketClub service.

You may also want to look at our earlier Q3 video and check out our past signals. We use the same formula and same approach each quarter for the markets we are tracking.

Enjoy the videos. If you have any questions about our results, please give us a call. As many of you know, brokers love us because we are not brokers, we simply provide educational material to help traders improve their trading.

click here

Every success in trading in 2009,

Adam Hewison
President, INO
Co-creator, MarketClub

Do Not Violate My Copyrighted Work

The Beanieville System manuscript was completed in August of last year and I applied for Copyright status at about the same time. The work is legally protected.

As such, I'm pretty vigilant about copyright infringement. You may not make copies or reveal the contents of the work (in any form of media) and send/reveal it to other people. Any such wrongdoing found, I will send my pack of lawyers after you. So be cognizant of what you're doing.

The contents of the manuscript are very powerful stuff and can help alot of people with trading-for-a-living, their 401ks and IRAs, and building long term wealth. But they must purchase the manuscript like everybody else.


Beanie

Links for the Weekend

A Miracle Witnessed


Jim Rogers says that inflation is coming.


Obama to evoke King and Kennedy to restore confidence.


The Endgame?


Warren Buffet invests like a girl. In the same light, do you want to trade like a girl?

Anything Can Happen On Tuesday

But if I'm reading the charts right, we should go down.

The only wildcard is the Obama Inauguration, which could cause extreme excitement and a lift in the market. Other than that, the charts are saying we should go down. There are spinning tops and dojis everywhere, indicating indecision in the market. These candlesticks were formed from a rally so indecision usually means reversal and, in this case, to the downside.

Also, a Batwings formation was formed on the SPY, which should resolve with the market going lower. If you have been reading my blog for awhile you have seen how powerful that formation is and how it clobbers those on the wrong side of the trade.

Beanieville System Payment Plan

For a limited time, the Beanieville System manuscript is now available for two monthly installment payments of $425. Just click the button below:

Beanieville System: 2 Monthly Installment Payments of $425

SPWRA and ENER and the market set to takeoff

These guys are very short term oversold, as is the general market.

Looks like the overnite daytrading call on the SPY may turn out to be wrong. I mentioned in my manuscript one exception to the overnite trade that could cause the call to be incorrect. This could be it. We'll see.

Overnite Daytrade:

shorted SPY @ 84.5

Shorted SPY at 84.4 (but already covered afterhours)

as stated in the comment section of the previous post.

From this point on, whenever i get at about .40 point or more profit afterhours after I place my trade, I may go ahead and take the profit without announcing it. That way, I get the easy money without worrying about the next morning.

.40 may not seem alot but it is when you got 1000-2000 shares on the line.

So be aware of this, if you follow me. If you're late getting in, I may already be out. So you might want to learn how to do it yourselves. The Overnite Daytrading methodology is included in the manuscript as a bonus.

Btw, I already took profits on the SPY short earlier for about +.70

SPWRA is a super buy here

SPWRA closed @ 34.8

This thing is ready for liftoff.

Please do not buy on a huge gap up. Gap down or a light gap up can be bought.

I think the market is ready to takeoff again, starting tomorrow.

Overnite Daytrade:

bought SPY @ 87.06

Why Most Of You Will Likely Fail

To make money CONSISTENTLY, stick to the methodology ..make some changes if you need to but make sure it works... then expand your toolbox if you like.

I can tell you with a high degree of certainty that these work:

- morning gap fades

- batwings formations

- overnite daytrades


Don't get drawn in with that "everyday a new stock to play" nonsense you see everybody doing.... I've been there (and you know i have) and let me save you the time... don't do it.

Incidentally, less than 5% of all traders use the above methodologies (among many others that work)...

instead, over 90% do the stock jumping "what's moving?" business.

Did your lightbulb just turn on? hmmmmmm...We know that over 90% of all traders will fail....and 'over 90% do the stock jumping "what's moving?" business'... ... You do not need to have an Ivy League degree to figure that 1+1=2 . Something might be wrong with the prevalent approach, ya think?

Something To Think About...

So you made a trade and it was highly profitable, either by luck or your own analysis or you stole the idea from an internet guru.

Ok, maybe you made a string of 5 profitable trades in a row.

Can you claim victory? Too premature. You still got alot more trades to make for the year. Most traders make several hundred trades per year. By year end, all the losses are tabulated against the gains.

So how are you managing all of these trades? You could make a wrong move on one big trade and it could set you back a mile.

Or you could make many profitable moves, but because they were such tiny plays they did not affect your overall return. What a waste of time, right?

Oh, what to do, what to do....

Are you seeing that there may be something even more important than just picking which stock to trade everyday?

Top 10 Scared Stock Traders of the Week

click here

By the way, make sure your ring finger is longer than your index finger. Or else I will eat you for breakfast, lunch or dinner if you trade against me. Here's why. And if your ring finger is shorter than your index finger, consider a new approach.

Bought SPY @ 87.2

for a likely gap higher, as indicated in the comments section of the previous post.

I saw something that could make this a huge gapper.


Beanie

"Thinking Outside The Box"

Wikipedia defines "thinking outside the box" as:

Thinking outside the box is to think differently, unconventionally, from a new perspective. This phrase often refers to novel, creative and smart thinking. This is sometimes called a process of lateral thought or lateral thinking.


Most of us know what that means, but very few investors or traders use it (or know how to use it) when it comes to the stock market. We are all in agreement that at least 90% of all traders and investors lose most of their money in time. Surprisingly, most traders still employ the same strategies or approaches that would result in a 90% failure rate. To do the same thing over and over again and expecting to achieve a different result is insanity.

So you have to ask yourself: What are you doing that is so unique from the majority of already failed traders (of all nationalities and IQs) before you? If you cannot answer that question, you will undoubtedly fail as a trader. There is just no way around it. It is pure and simple logic.

Are you addressing your gambling habits? Money management issues? Discipline? Could it be that your approach to (or your view of) the market is not very sound to begin with and that is what's creating all those above issues for you? Perhaps you might want to use lateral thinking and try a different approach?

Bernie Madoff Ponzi Rap Jam

Stock Market Drinking Game

If you don't want to get involved with the stock market drinking game, then get the free sample now.

Wilderhill New Energy Global Innovation Index (NEX)

Everyone knows the legend of Warren Buffett. EnergyTechStocks.com believes that 10 years from now, Josh Landess will be clean energy’s investing legend.

Landess co-manages an index, not a fund, a distinct advantage for investors in this age of Wall Street scandals. As co-manager of the Wilderhill New Energy Global Innovation Index (NEX), Landess probably is not only the most thorough source of information on clean energy stocks but also the most objective. That he almost never speaks with the media is another plus because it shows he isn’t inclined to tout a stock the way virtually every TV talking head routinely does.

Landess is as green as Al Gore. He scours the world for intriguing firms, keeping track of over 500 companies at any one time. The Wilderhill New Energy Global Innovation Index includes nearly 90 outfits traded on two dozen different stock exchanges. (Only Rafael Coven’s Cleantech Index comes close in scope and diversification.) Approximately a third of the components in Landess’s index are located in the Americas, with another third in Europe, the Middle and Africa, and the remainder in Asia and Oceania.........

click here to read more

How Much Do You Need To Start Using The Beanieville System?

After my posts today, I ended up with half a dozen email questions inquiring on how much is need to start using the system.

The answer is:

You can start with any amount, but I recommend a minimum of five thousand ($5,000) dollars because of brokerage commissions, unless you can get really really low (under $5 per trade) commissions.

Having a small account as minimum does not mean I'll get you folks involved with stuff like options, futures or penny stock trading. On the contrary, I want to steer you away from these risky ventures.

The Life Of A Bear

Testimonials (yuck! yuck!)

Some handpicked testimonials..........


Dear Beanie,
I received your beanieville system last week and I was thrilled as to how easy to understand it was. I am a self employed business owner so I know exactly what you are talking about. The logic and simplicity of your system is astounding. I just can't believe I couldn't figure it out all these years being in the market. I wished I had your system in my hands sooner so I wouldn't have to waste my money worrying about what stock to pick next. It is so simple and away with the emotional up and down roller coaster feeling I endured with the fluctuation market. I am going to do things differently and will apply your system starting next week.

Thank you so much.
Karen B




Beanie man, you have the greatest ideas and the most useful approach to the market out there and I thought I seen it all. At first, I thought you were selling some shit vaporscript, but after having read it I realize you're so logical, insightful, and very intelligent guru. Just wanted to send you a testimonial because you've helped me so much. Thanks. Like you, I am going to rule the market.

D Nguyen




Beanie,
I love u man, for all your help. Been doing it your way like.........................
Just killing it, my trading account and IRA. Cancelled all my subscriptions. Dude, I think you're gonna be famous one day!

J. Mann





Beanie,
...made a small fortune so far trading the Beanieville ideas. I started with only $28k. I chose to play ........ because I love these stocks. For the first time in my life I feel like I can do this for a living. Thank you from the bottom of my heart.

C. Tyler




Time for you to get on board?

"Cutting My Arm Off "And Going Low Profile

We're into the second week of 2009 and I'm already failing with my New Year's Resolution. Actually I'm failing badly: I still post comments at my blog, I still post comments at other people's blogs, and now I'm starting to get a bit addicted to talking to people on Twitter. The honest truth is that none of these activities actually help me make more money than I'm already making. The activities are indeed fun but, generally, are a waste of time. Yes, Twittering is addictive and is very much like the Blackberry, and neither of the two is really useful or a productive use of one's time.

Starting this coming week I will contain myself and do the best to "cut my arm off" of all these activities. I'm going very low profile. The person (a relative of mine) I hired to market my blog will continue to market my blog, via Search engines, Twitter and other means, and run my site, in exchange that I teach her a little about the stock market. That person knows very little about the stock market so once in awhile you'll probably see weird ads here. I'm trying to automate my blog - which is my second business (of selling my manuscript that teaches people the best way to approach the stock market so they don't ever have to depend on other people for useless theories or stock picks or stock trading services).

My main business is my daytrading and investing, and I will do that more quietly. Most of it will be done in the morning and at the closing bell, where you get the highest probability trades. There is no need to ever make excessive number of trades like a hyperactive daytrader. If you know what you're doing, then put more money in the trades!

I will still post on my blog, probably late at night, on a daily basis.

Who knows, maybe one day you might see me in the headlines and everybody will be talking about my manuscript and the self-empowerment it brings to traders and investors worldwide. That is my hope.

With that said, I want you to be very careful about playing the stock market by jumping in and out some 10 or so different stocks everyday like a hyperactive daytrader. I have never met anyone who does that and actually make money consistently. Most, if not all, will blow out their accounts. I can almost promise you that will happen to you if you do such an insane and useless activity. Watch for people on other sites that do this, whether they're famous or not, and avoid at all costs. These folks simply haven't figured out the best approach to the market that will maximize their returns.

One last thing... I will do the Overnite Daytrades for another week and then I will no longer be giving them out freely. Perhaps I'll do that once a week after next week. It is time to learn to do all these wonderful things on your own by investing in the Beanieville System. Traders and investors, whether they're of average intelligence or of superior intelligence, are generally so clueless about how to approach the market. All the insanity has got to stop. If you ever follow me with my blogging, you know I'll say the most outrageous things (sometimes erroneous) and recommend the most outrageous stocks and give the most absurd price projections at times, but in reality I actually follow the Beanieville System to the T, everyday. It's time for you to learn how wonderful it is to trade the Beanieville Way.

Good luck, and may you find (even if you don't purchase the manuscript) what you've always been looking for in the stock market.


Beanie

Obama's Dream Team

Barack Obama has selected an exceptional team to lead the fight against the climate crisis. The group includes:

- Carol Browner, who is on the Board of the Alliance for Climate Protection and previously was head of the Environmental Protection Agency, will serve as Assistant to the President for Energy and Climate Change.

- Steven Chu who won a Nobel Prize in physics and is a member of the Copenhagen Climate Council, an organization that is creating momentum for an international climate treaty in 2009, has been nominated to be Secretary of Energy.

- Lisa Jackson, head of the New Jersey EPA, who has worked to pass legislation requiring cuts in greenhouse gas emissions, will head the EPA.

While this is an amazing group of public servants, we must recognize that there is still a very difficult challenge awaiting us before we can pass new laws that truly solve the climate crisis. Public support for doing the right thing is more crucial now than it ever has been.

Now more that ever, I urge you to join the Alliance for Climate protection by clicking here.

Now more that ever, I urge you to join the Alliance for Climate protection by clicking here.

--- Al Gore

I want you in SPWRA now!

Currently trading slightly under 39.

This solar stock is going higher on monday.

I'm pretty sure of this, chartwise.

Trade the market and not the economy.

What do I mean when I say... trade the market and not the economy? It may sound like I'm saying to trade the same thing... but in many cases they're different. The difference is that the market is driven by fear and greed, while the economy is driven by fundamentals. Our "Trade Triangle" technology allows us to analyze the market... leaving the fundamentals and our own emotions at the door. Let's look at some of the major markets and see which direction the trend is headed.

* The equity markets are still in a negative trend.

* Crude oil is still in a negative trend.

* Gold is in an erratic upward trend.

* The dollar is also in an erratic upward trend.

All of these markets are still in entrenched trends and there is no reason to suggest that they will be reversing anytime soon.

I have just finished a short video on crude oil (NYMEX:CL). This market is making moves, which I will tel l you all about using the "Trade Triangle" technology which I helped to create.

We recently received a trading signal in this market which I think is an important one. You will also get a chance to see several of the previous signals that were issued. The video is definitely worth watching for that benefit alone.

The silly season which we talked about in December is rapidly coming to a close. I would expect that the volume and liquidity will return to the markets by the 15th of January. So get ready... cause there is money to be made.

Trade the market and not the economy.


Many thanks,

Adam Hewison
President, INO&Marketclub

LDK gets very sunny over $16

This One Is Man-made

It Takes Less Than 2 weeks....

...to make the price($849) of the manuscript back, just by trading ONLY 200 shares of the SPY using the "Overnite Daytrading" methodology.

And that's NOT even the most important thing inside the manuscript. The most important approach/theories/philosophy I talk about will start you on the journey in creating real wealth in the stock market in the long run, whereas over 90% of all market participants will fail.

Don't become statistic. Get it soon.

For a limited time (ending Jan 31st), if you can find a better and more logical approach to the stock market than mine, I will fully refund the price of the manuscript.

So you got virtually no risk, but so much to gain.

If you have a portfolio, the Beanieville System is absolutely perfect for you.

Hey, if you ever have questions about anything or you're not sure about buying the manuscript, feel free to email me anytime at beanieville@gmail.com . I answer all my emails, and gmail is just wonderful with their auto-updating and spam filters.

The manuscript is actually not expensive, considering what it can do for most people. Most can make back that amount just trading the Overnites on the SPY for a week or two. Some can do it in two days depending on account size.

It is 50-55 pages, 12 chapters not including preface/intro. Already sold about 90 copies and only got 1 minor complaint that was resolved. The first few chapters lead up to the meat of the beanieville system (about 3 chapters long) and finally to my master game plan and the Overnite Daytrading methodology for those who want to incorporate it into the system. Some of you have asked me to send you one of the first few chapters, which i've never done before for anyone, but probably won't tell you much about the system.

I haven't decided to send a copy for other bloggers to review but might consider in the future. Got a couple of unsolicited testimonials that i will put in the future version (if any).

I've always run my blog based on integrity and try to help everybody whenever I can. I think you should trust me on this one. It really is the best thing out there.


Beanie

P.S. I put a bunch of articles about trading and about the Beanieville System you might want to peruse here.

Look Into My Eyes...It's Gonna Hurt

Learn more about the most powerful stock market system, The Beanieville System:
here and, more comprehensively, here (with several major posts you can go through).


Today's move shouldn't have been too surprising for most of you, excepts perhaps the magnitude of the selloff. We got the dojis, point and figure resistances, selling of the January Effect stocks, and the big kahuna welfare line report on Friday (which is likely gonna be a stinker).

Guess what? We're not done yet. A doji and a big red candle selloff doesn't end that easily.

We are near the support area of SPY @ 90. I think sometime in the first half tomorrow we'll probably get a light rally.... and it will most definitely end in a big selloff again the second half, for the reasons named above. People will be very scared holding stocks into Friday's number.

shorted SPY

@ 90.7 for a likely gapdown

Correction Starts On Wednesday

Lots of stocks are hitting resistance on their point&figure charts. That's why I think a correction will start tomorrow, especially if we gap down. Also, I see lots of dojis or spinning tops in lots of charts.



Trend Analyze the SPY

Are You A Horny Toad?

The horned lizard is popularly called a "horned toad," "horny toad", or "horned frog," but it is neither a toad nor a frog.


Protection Against Predation

Horned lizards use a wide variety of means to avoid predation. Their coloration generally serves as camouflage. When threatened, their first defense is to remain still and hope to avoid detection. If approached too closely, they generally run in short bursts and stop abruptly to confuse the predator's visual acuity. If this fails, they puff up their body to cause it to look more horny, making it appear larger and more difficult to swallow. At least four species are also able to squirt an aimed stream of blood from the corners of the eyes for a distance of up to 5 feet. They do this by restricting the blood flow leaving the head, thereby increasing blood pressure and rupturing tiny vessels around the eyelids. This not only confuses predators, but also the blood tastes foul to canine and feline predators. It appears to have no effect against predatory birds. To avoid being picked up by the head or neck, horned lizards duck or elevate their head and orient their cranial horns straight up, or back. If a predator tries to take it by the body, the lizard drives that side of its body down into the ground so that the predator cannot easily get its lower jaw underneath the lizard.

--- wikipedia


As a trader or investor, do you have many ways to protect yourself from predatory "Big Boys"?

Don't Let All Those Technical Analysis Gurus Confuse You

Trading isn't as simple as brushing your teeth, but it shouldn't be as complicated as being a brain surgeon either. If you've been to some options or futures trading sites most of you probably feel like you don't belong because of all the apparently sophisticated analysis of the market, with so many trendlines and so many indicators you never heard of. For those guys, it's probably very important to get all the minute details of Ms. Market because they're trading exceptionally risky instruments like options and futures. Even so, they can still end up very wrong.

If you don't trade options and futures, trading and life becomes alot simpler and you shouldn't feel overwhelmed with the charting methodologies those people use. I can't imagine they sleep well at night (even just for a single night) while trading options and futures. I personally trade mostly stocks and the SPY... even so, some nights I wonder if my stocks are gonna get run over by a freight train.

You should try to make your life easier by:

1) Avoiding options/futures. If you want massive returns, there are other ways to do it without using leverage. (The Beanieville System will show you one of the better ways.)

2) Find a few simple indicators you can work with and stick with it. When you're wrong, all you have to do is cut your losses. Drawing support and resistance lines is one of the most practical.

3) Avoid too much margin usage. Nothing gives you more sleepless nights than when you're leveraged or margined to the gills.

4) When you enter sites or talk to traders who focus on options/futures, no matter how smart many of those guys are, say to yourself that over 95-99% of them will fail and/because they make life so much harder on themselves. Remember those stats and don't feel intimidated. Making money is not about getting the most sophisticated analysis of the market, but rather about having the right approach or game plan.

Worth About $17 million

Edgar Degas (French 1834-1917) Little Dancer Aged Fourteen – Wax Statuette 1879-1881

A Pullback Tomorrow

We need a huge gap up to avoid this, being the least expected scenario. A gap down or a slight gap either way we will pull back. C'mon, we're up 4 consecutive days. You don't need to be a self-proclaimed "gap master" (lol...You will also be gapmasters once you own the manuscript) like me to figure out what's likely gonna happen tomorrow.

Any huge morning dip can be bought for a daytrade. The Obama rally is still alive and should continue into the Inauguration.

Levee About To Break?

Don't Do It

Linda Is One Smart Gal

Dear Beanieville readers...

I have not had the pleasure of meeting as many professional traders as Adam Hewison from Ino has. The good thing is that with the free version of INO TV, you can meet four of the world's top traders and have a front row seat to their seminars for free.

As a regular user of our INO TV service, I am a huge fan of professional trader, Linda Raschke. Honestly, I don't know why I put her in a class of her own among the other many amazing seminar authors.

It could be that she has had continued success in the trading arena for over two decades. It it could be that I am drawn to her superior presentation skills. It could also be that she is a great role model for young women pursuing a career in finance and/or business.

Ok, ok... I wont play the gender card. I am completely aware that over 91% of you individual traders are men. However, no matter what gender you may be you can recognize Linda's trading intellect and appreciate the tips and strategies in her seminar that we present in the complimentary version of INO TV.

"Classic Indicators - Back to the Future"

Besides lecturing to thousands of individual traders in over 18 countries, Linda is a principal trader for several hedge funds and is president of LBR Group, Inc. She was profiled in Jack Schwager's book, "The New Market Wizards," and frequently is featured trader in numerous financial publications and on national radio/television
programs. Currently she is the vice president of the American Association of Professional Technical Analysts.

Self-directed traders have spent big bucks to learn from Linda, but we are offering one of her lectures for absolutely no cost.

She is one of my INO TV personal favorite trading experts and I hope you will become fond of her as well.

Watch her seminar, "Classic Indicators - Back to the Future" today at no cost on INO TV.

click here

Enjoy Linda's Seminar,
Ino.com


Free stock trend analysis

Think Fast

Holy shitcowsky, Solar Revolution!

Solars are expected to grow 20-30% annually for the next 40 years!!!!!!!!!!!

That is just magnificent. We, that's us..beanieville people, are the early investors in the coming Solar Revolution.

I got the stats from the book:




Trend analyze your solars.

How to connect the market dots in 2009.

One of the easiest ways to determine the trend in new year is to simply connect the dots. In this five minute video, I explain how you can connect the dots in any market to determine its trend. I will show you three examples of connecting the dots.

1. How to determine a downtrend.
2. How to determine an uptrend.
3. How to determine when a market is making a change of direction.

One of the key components I look for is how a market closes on a Friday or the last trading day of the week. This is when traders have to decide what they want to do with their positions. It also tells you with a high degree of probability which way the market is headed for the upcoming week. I learned this trading secret on the floor of the exchange in Chicago and it is one I would like to share with you today. I feel that this technique has a lot of validity, particularly in light of today's volatile markets.

Enjoy the video.


Adam Hewison
President, INO.com
Co-creator, MarketClub

Solar-Powered

100% of how i trade/invest is in the manuscript

Nothing to hide.

Nothing to hold back.

All 100% of my brain and heart is in it.

Everything I want to teach you is in it, all of it.

You ask me for recommendations but I keep giving you certain stocks and hardly pay attention to others, you ask me why I do what I do.... I'm only following my "masterplan".

If you want to think, trade and invest like me, with the goal of building long term mega wealth.....

...then read it.

bought SPY

@ 93.0

Unbelievable they dumped this all the way to $5! lol

Fred Thompson on the Economy

A Buffett Disciple Shares His Secrets

Don't let any trader tell you it's bad to invest. He's either outright lying or clueless. Remember, there are no daytrading or swingtrading billionaires. That being the case, it can be extrapolated that very very few daytraders or swingtraders will ever become rich from their trading. So logic dictates (if few investors become wealthy, then even fewer daytraders or swingtraders will become wealthy) you should include some form of investing in your market philosophy in order to maximize your chance of getting wealthy from your market mingling.

How Do You Approach The Stock Market?

I've seen so much stuff out there, mostly junk, when it comes to trading. I don't know who it is that came up with all the useless rules or ideas that simply cannot logically make traders money on a consistent basis.

Most daytraders come up with some sort of a watch list at the beginning of the day, consisting of maybe about 10-20 stocks that they're watching and getting ready to pounce. Honestly, what the heck are they looking for? Are they waiting for one to start flying and then they jump in? That sounds like a real plan! Trying to be the fastest gunslinger in the West? Sounds too simple and ineffective, and it is.

Ok, now you got the swing trader who uses 20% of his account money and buy some 10 stocks, spreading it out evenly. What on heaven's earth is this guy thinking? In order for his account to gain 20%, his 10 stocks would have to gain an average of 100%. Statistical impossibility of course. Ok, maybe he's just looking for base hits and he wants to use 20% of his account to buy 10 stocks and hopes to gain 5% return on the account. That means the 10 stocks would have to gain an overall average of 25% per stock. Possible but could take months, in a good market.

If you're on the positive side of the trades, much of your nonsense can be forgiven. But when you're on the wrong side and losing money, it takes an incredible amount of energy and gains just to get back to breakeven. A 50% loss means you gotta work your arse off to double your money just to get back to breakeven, if you ever will. How are you gonna do it? Resort back to the first two strategies above? That's the beginning of the end for you as a trader.

Here's the thing that should be obvious to everybody: Stocks tend to move higher together and they move lower together. Say you bought a bunch of stocks and you sell them for a profit after they have gone higher. What now? Where are you going to put your cash now, considering that the rising market tide already lifted most boats? If you are a strict chartist, you'll likely be scanning for new stocks on an initial breakout or wait for rising stocks to come back to support levels (Do you have the patience to wait when everything is flying?) before buying. If you're looking for new breakouts, inevitably you'll get involved with stocks you know very little about in terms of fundamentals and they tend to act in ways you least expect and are generally detrimental to your account.

There has to be a better way, right?