| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 |
#
>
« January 2006 |
Main
| March 2006 »
I am most excited about Alerts and Conditional Orders with Cybertrader. It is draining setting your own "mental" stops. And the alerts with Etrade aren't as complex as Cybertrader. Alerts and conditional orders are going to take a load of work off of my back - and I expect it to increase profits (and decrease losses).
I am reading over an old email tradermike sent to me - he suggests alert templates will save a lot of time - you can just right click on a stock and fill in the price for the alert. That is a good suggestion and I will make some templates now.
Another thing that is cool is the Scan Ticker. One thing it will do is scan for block trades. I plan to input the top 100 alpha stocks into this ticker and let it show me any block trades. I'm going to look into the CyberQuant scanning now. *sigh* Comcast was supposed to come between 12 and 5 today to set up the internet - I got a call from the cable guy saying he was "just around the corner" and would be there soon. An hour later I called because he didn't show up - and guess what? They had no orders for setting up the internet at my address! It turned into hours and hours of three-way calling between my landlord and Comcast... Comcast sucked in Minnesota and it sucks in Philadelphia. Why do I keep coming back to them? Because they are the only option! Anyway, I may not be trading this week because of this.
Posted by Ugly at 08:50 PM | Comments (2)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| SPLS | 24.54 | 9133705 | 3836590 | %138.06 | |
| ESLR | 15.59 | 7679608 | 2896370 | %165.14 | |
| CRDN | 60.88 | 2874309 | 747101 | %284.72 | |
| TLWT | 23.85 | 1790125 | 1625740 | %10.11 | |
| LEND | 53.31 | 1665833 | 873965 | %90.60 |
Posted by Ugly at 05:43 PM | Comments (0)
It closed a little weak, and there wasn't as much volume as I would like - but the breaking of the down trendline on the Nasdaq and the QQQQ closing above the 50dma has to be good for the bulls.
Posted by Ugly at 10:37 PM | Comments (2)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| XLF | 32.94 | 9532500 | 8889190 | %7.23 | |
| SBUX | 36.7 | 4028904 | 4960900 | %-18.78 | |
| GILD | 63.67 | 3739197 | 4036910 | %-7.37 | |
| CEPH | 80.68 | 3718442 | 2993090 | %24.23 | |
| CAT | 73.5 | 3217300 | 3912180 | %-17.76 |
Posted by Ugly at 05:43 PM | Comments (0)
If you were wondering why the stocks to watch list was wigging out today, it was because you can't divide something by zero. I think I have fixed the problem, so it should be okay tomorrow.
Posted by Ugly at 04:33 PM | Comments (0)
I am taking tomorrow off to move, so I am done trading for the month. This month was profitable, but not as profitable as I would like. I feel more confident in The System, so I am cautiously confident and optimistic for next month. I will be switching from E*Trade Professional to Cybertrader, so hopefully I can get the new platform down quickly and get back into a groove. Today I've inlcuded the 1-minute charts to show some of the volume spikes that I love:
Posted by Ugly at 04:15 PM | Comments (1)
My father has been reading a biography on Peter Lorre, so this past weekend we watched one of his first films, M. With only twelve lines of dialog, Lorre does a great job of acting and looking like a crazed child murderer. I agree with the many film critics who say that "M is a cinematic masterpiece of visual drama" - the cinematography is great. This movie was made 75 years ago and is also interesting to see for its history - it was banned in Germany shortly after it premiered, and Fritz Lang and Peter Lorre, both Jews, soon fled the country.
Make sure to watch the best movies first, or you may not have a chance to watch them at all - and M is one of the best.
Posted by Ugly at 11:29 PM | Comments (0)
There have been reports by readers that within a span of an hour or so, hundreds of votes are being recorded on the remainder blog contest. This could be a coordinated effort by an alliance of blog contestants or manipulation by an individual. Some emails I have received accuse specific blogs of colluding with independent research providers to issue misleading reports to drive up the votes of other blogs. The accused blogs have responded with:
The allegations of the complaint against us are outrageous and defamatory and we will defend our blog and its voting practices vigorously.... Their true issue is the valuation that uglychart.com readers place on their own common blog. That disagreement should be resolved in the remainder contest, not with false allegations.
I will keep you updated on the developments.
Posted by Ugly at 07:38 PM | Comments (2)
There was an interesting article today about the Iraq Stock Exchange, which replaced the Baghdad Stock Exchange about two years ago:
As the session peaks, brokers literally shove each other out of the way and run to-and-fro between their clients and the floor. Most of the time it's to rub off old stock prices and write new ones on the white boards fixed on the wall, a sign that electronic trading is still far away...
"...there is extreme volatility and also rich investors are getting out and leaving Iraq," said Abbas, dressed in a smart brown suit.
But he offers a solution too.
"Open the market to foreign investors and get money into the market," he said, adding that the government seemed scared that a big foreign investor could swallow the whole market for a few billion dollars.
Brokers, however, continue to be upbeat.
"The market is bearish but then so what ... I like the rush, the frantic pace on the floor and I have been doing this for the last 10 years. I wish we had more money and tradings every day," said the short, chirpy Eliyas.
Posted by Ugly at 05:51 PM | Comments (0)
It was a close race with Maoxian, but with 1261 votes Fallond is the fifth blog to be voted off the island. Fifteen remain.
Sorry Declan, you must leave the tribal counsel area immediately.
Why was Fallond's blog voted off next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 09:50 AM | Comments (1)
One of my readers let me know that there was a problem with my RSS feed during the last couple of weeks. Bloglines didn't have a problem with it, so I didn't know about it. Anyway, it should be fixed now - you can always read past posts from the archives links to the left.
Posted by Ugly at 06:04 PM | Comments (0)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| XLF | 32.94 | 7586400 | 8830680 | %-14.09 | |
| WTZ | 21.6 | 4883500 | 407276 | %1099.06 | |
| UTX | 58.89 | 2475600 | 3532660 | %-29.92 | |
| CELG | 73.98 | 2023800 | 2616610 | %-22.65 | |
| SLW | 8.25 | 1980600 | 984168 | %101.24 |
Posted by Ugly at 05:42 PM | Comments (3)
The top 2 search strings that lead to uglychart.com are opposites:
Posted by Ugly at 06:32 PM | Comments (1)
The mistakes I made today were still related to overtrading. Just because I limit myself to 3 trades per day doesn't mean that I have to make 3 trades every day. Today I was not picky enough with my trades, otherwise I would not have even made 3 trades. Overall, though, I made 5 trades - which cost me another 1R with comissions. What you are seeing here is a battle inside of myself. I know what I must do and yet I can not yet stop doing what I must stop doing. If I cannot stop, I will not be successful in trading. Below are my first three trades:
Posted by Ugly at 06:02 PM | Comments (2)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| SBUX | 36.168 | 5480553 | 4894590 | %11.97 | |
| NIHD | 52.96 | 2789575 | 1233950 | %126.06 | |
| CTRP | 73 | 2019842 | 261064 | %673.69 | |
| TIE | 42.55 | 1749900 | 2016290 | %-13.21 | * |
| PIXR | 63.31 | 1460859 | 1901400 | %-23.16 |
Posted by Ugly at 05:42 PM | Comments (0)
PowerMetal is a company that creates lighter, stronger and more durable sports equipment with nanotechnology. A pingpong ball coated with a 3-micron layer of nanometal can support more than 200 pounds without being crushed. Teflon-like slick nanometals can be added to reduce friction in ice skate blades, and a bike frame made with nanometals could be lighter and thus faster. It can also be used to make golf clubs, lacrosse sticks, baseball bats, skis, tennis raquets, helmets, etc...
A good name for a nano energy gel would be grey goo.
Posted by Ugly at 08:09 PM | Comments (2)
I have been using only the stocks to watch list (which is now updated on the :15 and :45 of every hour) for trading. Today it pointed me to SIRF and SNDK, which were profitable:
All of these look like they will continue up from here for a while - possibly good swing trades. I will continue to close out positions at the end of the day for a few more months and then I may allow some swing trading.
Posted by Ugly at 07:40 PM | Comments (3)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| XLF | 32.94 | 18192500 | 8614800 | %111.17 | |
| DEZ | 5 | 6079200 | 1157850 | %425.04 | * |
| CAT | 73.06 | 5532000 | 3774490 | %46.56 | |
| SBUX | 36.02 | 5215789 | 4895300 | %6.54 | |
| BA | 74.39 | 5008300 | 3678790 | %36.13 |
Posted by Ugly at 05:42 PM | Comments (0)
Forbes had an article last week about how money has and will change with the growth of information technology. I was thinking about this on my trip to San Francisco. What did people do 50 years ago without credit and ATM cards? They must have carried a wad of cash.
Instead of a plastic card for a bank, we could have a plastic card with a bank. The stone-pillared edifices that used to house banks are full of nightclubs and gyms now; people bank electronically, they use ATMs. An ATM is merely a device to spit paper. Why not make every card an ATM? Tomorrow's microchips won't lack for capacity. A cell phone is like yesterday's switching station, a laptop is yesterday's supercomputer. Why settle for a bank account when you could buy a cheap bank-on-a-chip?
Posted by Ugly at 04:09 PM | Comments (0)
Today is a pretty strong day so far - let's see how it closes. In order for one of the trends to continue, one must break:
Posted by Ugly at 12:54 PM | Comments (0)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| CAT | 72.59 | 3956700 | 3756570 | %5.32 | |
| BA | 73.05 | 3253000 | 3690740 | %-11.86 | |
| UTX | 58.83 | 3188300 | 3539530 | %-9.92 | |
| TIE | 40.8 | 2814000 | 2013540 | %39.75 | * |
| NSU | 3 | 2064000 | 389150 | %430.38 |
Posted by Ugly at 05:42 PM | Comments (0)
With 371 votes, Random Roger is the fourth blog to be voted off the island. Sixteen remain.
Sorry Roger, you must leave the tribal counsel area immediately.
Why was Roger's blog voted off next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 01:37 AM | Comments (3)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| CAT | 72.05 | 4767700 | 3714340 | %28.35 | |
| TRID | 28.15 | 3343909 | 1820820 | %83.64 | * |
| BA | 72.96 | 2670600 | 3711950 | %-28.05 | |
| NIHD | 51.85 | 1642677 | 1255160 | %30.87 | |
| NOC | 65.71 | 1514200 | 1459030 | %3.78 |
Posted by Ugly at 05:42 PM | Comments (1)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| DIA | 111.27 | 5659100 | 6733690 | %-15.95 | |
| SBUX | 35.85 | 5216594 | 4897090 | %6.52 | |
| BBY | 54.57 | 4986100 | 5413880 | %-7.90 | |
| EWZ | 42.2 | 4260100 | 2253190 | %89.06 | |
| CAT | 71.96 | 3483300 | 3706760 | %-6.02 |
Posted by Ugly at 05:42 PM | Comments (1)
There happens to be a Connect Four game in the section of the hospital where my father stays. So he and I have played quite a few games of Connect Four. I feel kind of bad beating him every time, because he is in there for depression. But I guess not bad enough to let him win.
It is a pretty simple game - somewhere in between tic-tac-toe and checkers. The key, like chess, is the center. If you have the center, then you take away any chance of a horizontal or diagonal win from your opponent. The only way your opponent could win would be vertical. Also, it is important to get three in a row to eliminate moves from your opponent.
The game eventually becomes a game of zugzwang. It doesn't suprise me to learn that "Connect Four on the standard 7x6 board has been solved independently by Victor Allis and James D. Allen. With perfect play, the first player can force a win by starting in the middle column."
When we became bored of the regular way, we would play the game backwards - the first person to make four loses. It is pretty fun that way and really is a game of zugzwang from the beginning.
Posted by Ugly at 02:32 PM | Comments (3)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| DIA | 110.71 | 9483800 | 6644800 | %42.72 | |
| CAT | 71.6 | 4290700 | 3665940 | %17.04 | |
| BBY | 53.72 | 3743300 | 5401840 | %-30.70 | |
| NIHD | 50.08 | 3657230 | 1188190 | %207.79 | |
| ITRI | 59.16 | 3284592 | 453932 | %623.58 |
Posted by Ugly at 05:37 PM | Comments (0)
I have updated the stocks to watch page so that it updates every hour when the market is open. I think it is helpful - today it pointed out MYOG, which is going nuts and looks almost perfect.
Posted by Ugly at 11:33 AM | Comments (2)
As I am heading out to San Francisco today, I noticed this article about the nine Shaolin monks who live in the area. They say they are nine out of only two dozen pure Shaolin Monks left in the world. The article also includes a few cool videos of them demonstrating their kung fu.
Shi Chang Le has learned to dislocate his bones at will. Shi Guo Song was offered $2 Million to star in his own kung fu movie. He turned it down.
"We are monks. We are not after money or name," he says.
Posted by Ugly at 09:06 AM | Comments (0)
I have created a "stocks to watch" list that is automatically generated each evening based on a stocks alpha and volume. I used it today and I think it could be useful in combination with intraday scans.
I will link to it from the "Charts, Lists & Research" page.
Let me know what you think.
I will be out of the office until next Tuesday for a trip to visit some friends in San Francisco. I haven't tested it, but hopefully this list will automatically generate itself even when I am away.
Posted by Ugly at 05:43 PM | Comments (1)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| DIA | 110.4 | 13188500 | 6495350 | %103.04 | |
| CAT | 70.22 | 4531800 | 3636610 | %24.61 | |
| BA | 72.71 | 4160300 | 3732540 | %11.46 | |
| ATHR | 21.08 | 3249395 | 1046540 | %210.48 | |
| NOC | 65.18 | 1961900 | 1455180 | %34.82 |
Posted by Ugly at 05:42 PM | Comments (0)
Today was a good day, I didn't make much money - but I stuck to my system. I am hoping this will become my routine. I only made three trades today:
All in all, it was both an unsuccessful and successful day. I didn't make much but I stuck to my guns. I am glad to be back in control. It is a hell of a lot easier and I am sure it will be more profitable. The nice thing about limiting yourself to 2 or 3 trades is that the most you can lose is 2 or 3 R. But you can make many times that. It is nice to know that even if you do your worst, you can only lose so much. But if you do well, there is not a limit to how much you can make.
Posted by Ugly at 05:20 PM | Comments (0)
"If you don't know who you are, the stock market is an expensive place to find out."
Do I know who I am? Do you know who you are? How do you ever really know the answer to that question? I know a lot of things about myself, but I am sure there are also a lot of things I do not know.
One thing I didn't know, but I do know now, is that overtrading is a problem for me. I would have a lot more money if it weren't for commissions and for trades that I made with less consideration than I should have. Another thing I know is that even though I realize the problem, it is not as simple to just stop doing it. It is suprising how hard it is to control yourself. I guess that many of the problems in the world have to do with people struggling to control themselves.
I think that a key to overcoming this weakness is routine. A trader needs a system. Once you have a system that works, with confidence in the system, it should be easier to stick to the system. I am trying to work out a system and a routine. I'm getting there, but I am not there yet.
But it is also important to remember that a trading system is only 10% of the game, the rest is about yourself.
Posted by Ugly at 08:19 PM | Comments (4)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| YMI | 5.29 | 1278100 | 171220 | %646.46 | |
| HCC | 33.13 | 704000 | 628342 | %12.04 | |
| BECN | 36.58 | 400321 | 365562 | %9.50 | |
| ORLY | 33.44 | 357375 | 322476 | %10.82 | |
| CLMS | 35.39 | 327481 | 246962 | %32.60 |
Posted by Ugly at 05:42 PM | Comments (3)
Prince Alwaleed bin Talal is the fifth richest person in the world and nicknamed by Time magazine as the Arabian Warren Buffet.
Prince Al-Waleed's activities as an investor came to prominence when he bought a large tranche of shares in Citicorp in the 1990s when that firm was in difficulties. He has also made large investments in AOL, Apple Computer, Worldcom, Motorola, News Corporation Ltd and other technology and media companies.
His real estate holdings have included large stakes in the Four Seasons hotel chain and the Plaza Hotel in New York; he sold half of his shares in the latter in August 2004 and invested it back in London's Savoy Hotel and Monaco's Monte Carlo Grand hotel. He holds a 10% stake worth $30 million in Euro Disney SCA, the organization which manages and maintains the Disneyland Resort Paris in Marne-la-Vallee, France.
In January 2005 he purchased the Savoy Hotel in London for an estimated GBP £250 million, and it will now be managed by Fairmont Hotels in which Prince Alwaleed owns an estimated 16%. In January 2006 he bought the Fairmont Hotels for an estimated $3.9 billion.He is also estimated to donate more than $100 million annually to charity. This includes a donation of $10 million towards relief efforts for the September 11, 2001 attacks which was rejected by Mayor Rudy Giuliani because he felt that the prince's issuance of a statement that the United States "must address some of the issues that led to such a criminal attack" could be construed as a justification of the terrorist incidents. Although he is not part of the ruling executive within the House of Saud, and has generally kept out of politics, he is critical of Saudi traditionalism and pro-American. He is vocal about women's rights and hired the first female airline pilot in Saudi Arabia.
Posted by Ugly at 04:48 PM | Comments (1)
With 1528 votes, Trader-X is the third blog to be voted off the island. Seventeen remain.
Sorry Trader-X, you must leave the tribal counsel area immediately.
Why was Trader-X's blog voted off next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 08:14 PM | Comments (0)
A smothered mate in chess is a checkmate by a knight in which the opposing king cannot move out of check because he is blocked in by his own pieces. This is the feeling I get today when I think about computers and chess. Computers are smothering the humans - they are clearly superior players.
When Deep Blue beat Gary Kasparov in 1997, it could calculate 200,000,000 chess positions per second. From 1985 to 1997, its calculations more than doubled every year. Its chess rating went up by 100 points every two years. If the project would have continued, one can assume that Deep Blue would now have a rating of around 3300, or about 500 more rating points than the best human players in the world. A 500 rating point difference means that Deep Blue would beat the best players in the world 96% of the time.
Now, after a decade in which processing speeds have increased an astounding 20 million times, a PC can achieve what Deep Blue did nine years ago. Deep Blitz was created using only 44 dual-core AMD Opteron 64-bit chips with Deep Fritz software. Check out the complete specs here.
What is most impressive about the Deep Blitz machine's results is not how quickly x86-compatible microprocessors are catching up to the big iron, but rather how powerful Deep Blue was nine years ago. Forty-four dual-core Opteron 275 chips add up to a staggering 10.25 billion transistors. The fact that roughly 10 times the number of transistors is needed to equal Deep Blue's performance is a testament to the genius of Hsu and the Deep Blue team.
via KurzweilAI.net
Posted by Ugly at 04:56 PM | Comments (2)
Matt Krantz wrote an article for USA Today about why he thinks day trading is gambling.
If you ask these day traders to explain what they're doing, their explanations are usually plausible. And since markets' daily moves are random, there is a chance day traders can make money in the short term. But when they're explaining their "secret" to you, you need to sit back and pay attention and use your reasoning. Keep in mind even some blackjack players may have a lucky night or two, but over time, the odds will catch up with them and reclaim those winnings and then some.
Day trading may be gambling, but you can consistently make money as professionals do with poker or blackjack. Matt is correct that the odds are stacked against us, but that doesn't mean you can't find a way to consistently win. Anyway, everything in life is a gamble because life is random and unpredictable. Each decision in life has its risks and its rewards. In my opinion, long term investing is just as much of a poker game.
Posted by Ugly at 12:08 PM | Comments (2)
Today I neither made nor lost money, or you could say I both made and lost money - a 0R day.
I have noticed that I do my best when I start off strong. If I lose with my first trade I am more prone to overtrading, trying to dig myself out of a hole that can get deeper and deeper. A solution may be to try to be especially careful with the first trade. Also, perhaps I need to work on accepting a loss. I thought I was okay with a loss, but the first one to start off the day may have a more lasting effect than I thought.
When you break your own rules, it is a difficult process to understand why you continue to do something you do not want to do and how to stop. You have to look deep inside. Not just in trading, but in life.
Posted by Ugly at 05:55 PM | Comments (0)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| SBUX | 35.5 | 5230971 | 4901770 | %6.71 | |
| BA | 72.53 | 2812000 | 3742480 | %-24.86 | |
| CTSH | 55.25 | 2204836 | 1445890 | %52.48 | |
| PNRA | 72.82 | 1794341 | 515095 | %248.35 | |
| AET | 100.41 | 1708900 | 1769890 | %-3.44 |
Posted by Ugly at 05:42 PM | Comments (0)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| BBY | 52.96 | 13447700 | 5367380 | %150.54 | |
| SBUX | 35.19 | 6994573 | 4836430 | %44.62 | |
| CTSH | 55.05 | 5427307 | 1352880 | %301.16 | |
| BA | 72.01 | 4149200 | 3711120 | %11.80 | |
| AET | 99.27 | 3463700 | 1730260 | %100.18 |
Posted by Ugly at 05:42 PM | Comments (2)
The new Pleo dinosaur robot pet has seven computer brains that control 14 motors and 38 sensors.
"People are in love with robots, but the feedback we have is people need to have a more engaging relationship with their products," said Bob Christopher, chief executive of Ugobe. "They want to treat something like a pet. So we need robots that show and feel emotion and that evolve over time."
"This robot is going to have organic movement, so that it seems to move and behave like something real," Christopher said.
The dinosaur will have "neural network" software -- a program that behaves in a brainlike way as it processes many pieces of information to determine its actions.
The 3-year-old company's robots will be designed to elicit emotional responses, be aware of their environment and change behavior over time. Pleo is a baby "camerasaurus," a real dinosaur that scientists describe as a Jurassic-era equivalent of a cow. Pleo will be about 20 inches long. But Christopher says it will be smart enough to walk along a table, sense the edge and turn back with a whimper and the appropriate emotional body language.
How much longer until a cute little Pleo can trade stocks better than all of us? It can already beat everyone in the world at chess.
Posted by Ugly at 04:49 PM | Comments (0)
I was chopped up today. I overtraded. It was a poor showing for Ugly. It is suprisingly difficult to stick to your own rules. The market tanked at the end of the day. It would have been a good day to short AAPL. I thought of you, tradermike. Overtrading is definitely my biggest problem right now.
I have to learn to be very picky with my trades so that I only make a few. It seems like I am doing better with trades I make after 12 noon. These have been saving my arse. Like today I would have been killed if I hadn't bought AMR:
Even with this trade, I was down 1R today because of my overtrading. I was stopped out of a bunch of longs for about 1R each.
Don't overtrade!!!!
Posted by Ugly at 04:03 PM | Comments (2)
From Dave Sifry's State of the Blogosphere:
Technorati currently tracks 27.2 million weblogs, and the blogosphere we track continues to double about every 5.5 months, as the chart shows:
The blogosphere is over 60 times bigger than it was only 3 years ago.
We currently track over 75,000 new weblogs created every day, which means that on average, a new weblog is created every second of every day.
Technorati tracks about 1.2 Million new blog posts each day, about 50,000 per hour.
Posted by Ugly at 01:08 AM | Comments (1)
A brief article today in the Financial Times discusses the politics of "the world's most dangerous idea" - transhumanism. Both Ray Kurzweil and Aubrey de Grey are mentioned.
Such predictions have provoked a fierce reaction, both from religious and cultural conservatives, who see transhumanism as an assault on human nature, and from the liberal left, which sounds alarm bells about the implications for equality and human rights.
Yet as the technologies for human enhancement start moving from the pages of science fiction into the laboratory, and eventually into the marketplace, these responses are no longer sufficient. The basic impulse behind transhumanism is a progressive one: a desire to extend current models of medicine and healthcare in ways that would enable us to live longer, fitter and more fulfilling lives.
Posted by Ugly at 12:37 AM | Comments (0)
Today I lost about 0.5R. Most of the day I spent swearing at my computer, which was having problems the entire time. It crashed at the end of the day and wouldn't start back up, so I am going to buy a new one.
Posted by Ugly at 08:10 PM | Comments (4)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| SBUX | 34.72 | 6403979 | 4743560 | %35.00 | |
| REDF | 31.18 | 5349652 | 978077 | %446.95 | * |
| BA | 71.76 | 2890700 | 3672500 | %-21.28 | |
| PIXR | 61.17 | 2840256 | 1635580 | %73.65 | |
| WIRE | 29.95 | 2488252 | 279949 | %788.82 | * |
Posted by Ugly at 05:43 PM | Comments (0)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| PIXR | 60.85 | 7440795 | 1503940 | %394.75 | |
| NOC | 63.54 | 1621600 | 1450950 | %11.76 | |
| GRS | 16.65 | 1031800 | 342436 | %201.31 | * |
| EXPD | 73.79 | 999644 | 730634 | %36.81 | |
| WIRE | 28.93 | 873165 | 269698 | %223.75 | * |
Posted by Ugly at 05:43 PM | Comments (0)
Today was even better than yesterday. I am now profitable. It wouldn't have been so good but I luckily caught FWLT at the end of the day:
After I closed out the position and went on my walk, I thought, "hmm, maybe I should have only covered half and let the rest run." It would have cost me. I've learned a lesson - take the money and run!
The stop was placed above the previous bar, for an R=$0.25. So this was a 9R winner.
I am trying to make only four trades, but again today I made six. And the last one was my biggest winner.
I shorted SWN, PAAS and JCOM for small profits and was stopped out of shorts on NTRI and BMHC.
Both FWLT and ISRG are on the top 100 alpha list and that is where I noticed them. I put them on my short list because they were trading weak the day before.
Take the money and run!
Posted by Ugly at 04:33 PM | Comments (1)
Today was my best day so far. I almost didn't trade today because I am in Ohio and I was having trouble getting my internet connection/computer working. Luckily I got it together just after the open. My biggest winner was a short of ISRG:
My initial stop was above the previous 15-min candle (~113.50), so the trade was about a 6R winner. I covered the entire position at 101.22 - it is probably more wise to cover half and let the rest run. I was concerned with the sharp drop and the large chunks of volume being tossed around, plus the psychology of the round number 100. I don't have all of my trading data with me now, so I can't post all of the charts. I made six trades today. That is probably a bit of overtrading. I would like to trade no more than four. I had a couple of long positions, including SBUX, that stopped out. SBUX stopped out for a small profit. I wanted to get in HANS from the start, but I never got a chance. There is always tomorrow.
Posted by Ugly at 09:27 PM | Comments (5)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| SBUX | 34.49 | 6237594 | 4664880 | %33.71 | |
| REDF | 28.35 | 3247711 | 872821 | %272.09 | |
| AUY | 9.1 | 1892300 | 1618390 | %16.92 | * |
| JOYG | 56.84 | 1698791 | 1579190 | %7.57 | * |
| STLD | 47.8 | 1608211 | 836092 | %92.34 |
Posted by Ugly at 05:43 PM | Comments (0)
With 462 votes, the Kirk Report is the second blog to be voted off the island. Eighteen remain.
Sorry Chuck, you must leave the tribal counsel area immediately.
Why was Kirk's Blog voted off next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 12:26 AM | Comments (0)
I have decided to post all of my trades to this website. I am hoping that this will:
1) help me to carefully consider my trades before making them
2) help me to carefully consider my trades after making them
3) allow others an opportunity to consider my trades
Beginning Monday I will provide a chart and analysis of each trade.
Posted by Ugly at 11:22 PM | Comments (3)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| SCSS | 34.79 | 1084419 | 660876 | %64.08 | |
| TSCO | 63.3 | 1026082 | 409407 | %150.62 | |
| TXCO | 10.89 | 978989 | 425359 | %130.15 | |
| YMI | 3.73 | 919300 | 97446 | %843.39 | |
| ERS | 21.15 | 861200 | 224452 | %283.69 | * |
Posted by Ugly at 05:42 PM | Comments (2)
Dear Diary,
One of my old favorites, ERS, is going nuts like it used to. That's the ERS I remember.
CHNR can't go up forever.
As a day trader, I pay much closer attention to tradermike's website than I used to. It is loaded with great stuff.
I haven't made a profit yet trading. What am I doing wrong? I am trying to figure it out. As of now, I still have Confidence and Optimism, which helps. I have a better understanding of why no one blogs about their losses. The last thing you feel like doing is broadcasting about how sucky you traded.
It's hard not to think about the money, but it hurts your trading. It heightens your fear and greed. That won't help you to trade your system. You kind of have to "let go" and have faith and just trade to trade. For the Art of Trading. That is what I am trying to do now, anyway.
I am sick as a dawg. It feels like the bird flu or something - maybe too much flaxseed oil. I am hoping some over-the-weekend antibiotics will take care of it. I apologize for not responding to some of your email or comments. I'll get to them eventually.
Don't forget to vote for the stock market blog remainder contest!
* user agreement -- how to use ugly picks
Posted by Ugly at 10:34 PM | Comments (6)
Trading today may have snapped the up trendline that everyone is watching. It looks like the big bad down day left an impression after all.
The similar trend line on the Nasdaq hasn't broken yet, but it looks like it could, also.
Posted by Ugly at 05:58 PM | Comments (0)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| SBUX | 34.4 | 20574352 | 4366650 | %371.17 | |
| BA | 71.7 | 6601300 | 3721830 | %77.36 | |
| SIRF | 37.54 | 5086179 | 1226540 | %314.67 | * |
| FORM | 36.95 | 4678824 | 471842 | %891.60 | |
| RMIX | 12.4 | 4279756 | 273978 | %1462.08 |
Posted by Ugly at 05:43 PM | Comments (0)
"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
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| BA | 71.62 | 11805100 | 3571110 | %230.57 | |
| GILD | 61.51 | 8166717 | 4138070 | %97.35 | |
| SIRF | 34.73 | 5385467 | 1142720 | %371.28 | * |
| CAT | 69.24 | 4825400 | 3447740 | %39.95 | |
| CLZR | 18.6 | 2922312 | 309433 | %844.40 |
Posted by Ugly at 05:43 PM | Comments (0)
