“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

I wasn’t expecting much today because of the fed meeting, so I was extra paranoid and set my stops to breakeven right away. I missed MED, but I miss stocks every day - at least it was on my list. AKAM has been pretty strong lately. I shorted it, though, because I thought it might continue yesterday’s slide.

All in all, I am satisfied with my trading today because on days like this I am satisfied with simply not losing. It is easy to get caught up in a choppy market and overtrade a lot of profits away.

Today was the first day the sun was out in a while, so I took a walk down to Manayunk. But Main Street was flooded:

I heard someone say that the water would rise above the parking meters by 8pm tonight. I guess it is the worst flooding in decades.

–In Philadelphia, the Schuylkill River could rise to its highest level in 125 years, the National Weather Service warned, to a crest of 14.5 feet (4.4 metres) by Thursday.
–The Delaware River, which separates New Jersey from Pennsylvania, was rising rapidly and surpassed 14 feet (4.3 metres) by mid-morning. Authorities closed several bridges and urged locals in towns such as New Hope, Pennsylvania, that waters could rise as high as 21 feet (6.4 metres).

The rising waters threatened Manayunk, a Philadelphia suburb, where residents were asked to leave when the Schuylkill River overflowed its banks.
“People are being asked to seek higher ground right now,” said Ted Qualli, a spokesman for Philadelphia’s mayor.

Update: check out this video (on the right under “related links” click on “Kids Rescued from Rising Waters in Manayunk”)

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

Dear Diary,
The following alpha stocks are opening up:

The following alpha stocks are opening down:
(more…)

I just watched the first four episodes of Samurai Champloo, a samurai anime series with a hip-hop soundtrack. You can see the intro here. I rented the first disc of the 7-disc series just to see if I wanted the rest. I thought it was pretty good, so I’m going to have to add the rest to the queue. The series was only allowed to be aired past 12:00am in Japan because the network deemed it too graphic for prime time television.
Actually, the entire first episode is available on youtube.
Actually here is the 2nd, 3rd, 4th, 5th, 6th episodes on youtube. Okay, I’m not going to add it to the queue, I’ll just watch it here. If you want to see more episodes, just search youtube.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

I am going to start posting at least one of my trades every day so that I can analyze my trading daily. Today, ironically, I had the best risk-to-reward trade of the month (over 7R) - but I also had the lowest risk on the same trade! Ahhh. My R was only about a quarter of what I usually try to make it.

What can I learn from this? I’ve got to quit my half-ass trading. Seriously, I want to be fully in a trade or not in a trade at all because I let a lot of profit go on this one. To make matters worse, I broke my rules and tried to re-enter this short later in the day (hoping it would drop into the close) and I got chopped up a bit. This resulted in myself pounding a fist into my desk and bruising a knuckle.

Sexy Chinese actress Ziyi Zhang will star in The Banquet, a new kung fu movie that is a “loose adaptation of Hamlet.” It looks pretty cool - you can see a trailer here.
She will also star in Weinstein’s upcoming remake of Seven Samurai, in which she will play a village girl who dresses as a man to protect herself from bandits.