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Tuesday, August 31, 2010

ART OF TRADING Performance For The Month Of August

We did 13 trades in August: 8 wins, 3 breakeven and 2 losses.


QLD long: Breakeven

ASIA short: +2%

AONE long: +3.2%

ANR long: +2.95%

VECO long: +3.7%

OEH long: Breakeven

MELI long: +0.4%

RINO long: Breakeven

VMW long: +1.5%

GMCR long: +1.6%

ISLN long: -3.2%

BIDU long: -2.5%

SPRD long +2.8%




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Trade Taken Today At The Art Af Trading



It's all about pattern recognition and proper execution for this trade. No secret here.

Sunday, August 29, 2010

Saturday, August 28, 2010

Wish You Were Here!!





Lamb chops and chicken were dry rubbed for 24 hours with olive oil, dried chipotle pepper, coriander, cumin, ancho chile pepper, cayenne pepper, a touch of brown sugar, garlic, onion powder, paprika, sea salt, white pepper.

Fillet Mignon: not shown in pics because we had a 'camera malfunction": were marinated in olive oil, rosemary, dried chipotle pepper, garlic for 2-3 hours.

I also grilled some skewered zuccini, mushrooms, onions, and green/red bell peppers: Put some olive oil, sea salt and some pepper on it. This was amazing!!

I used a grill basket to grill the chicken because it will be easier to flip around the hot fire. Be extra careful with chicken because the rendered chicken skin will tend to create flare ups on the grill and you do not want that! So keep a close eye on it and keep flipping it over and over a lot!
Chicken on the bone takes the longest to grill so get the one started first and let it grill nice and slow for an hour before adding the lamb chops, fillet mignon and vegetable skewers.

Remember: Fire is not good grillin! Hot coals with no flare ups is what good grilling is all about! Use lots of salt to bring out the natural flavors of your ingredients and drink lots of beer!

Enjoy, experiment and HAVE FUN!

Wednesday, August 25, 2010

ART OF TRADING Performance For The Month Of August

We did 12 trades in August: 7 wins, 3 breakeven and 2 losses.


QLD long: Breakeven

ASIA short: +2%

AONE long: +3.2%

ANR long: +2.95%

VECO long: +3.7%

OEH long: Breakeven

MELI long: +0.4%

RINO long: Breakeven

VMW long: +1.5%

GMCR long: +1.6%

ISLN long: -3.2%

BIDU long: -2.5%

Tuesday, August 24, 2010


We are now testing the lower end of the range. We tested the upper end of the range in early august and sentiment was very bullish. Now we are testing the lower end of the range and sentiment is growing very negative once again. We definitely could see a little more selling here and fully retest the july lows but it will not be a straight line down. Need to expect some big bounces along the way. As ugly as things feel right now, i am favoring a range bound market rather than a breakdown(at this moment at least).

Friday, August 20, 2010

Art Of Trading Members Having A Good Month!!


Stewie:


You are cool picked the high RSI stock (picking is an art and you have it by the grace of god) and hit it nice, did not join you I am still watching you and soon I will be flanking you:)

Regards,

Chowdary.



Awesome trade Stewie! I thought you were nuts going long VMW seeing the market down so much but i followed you anyway and thankfully was able to pull $680 from this VMW trade! You have been on fire lately. August turning into a pretty good month for me and it's mostly thanks to you mate. Keep it up!

Jeff M.


Stew,

Just saw your track record for this month. 6 completed trades - 1 breakeven (QLD), 5 gains (ASIA, AONE, ANR, VECO, OEH). Well done stew, looks like your patience pays off! I really admire your patience though. I can tell that you really trade when there is an edge - 6 trades in the span of two weeks!! Keep up the good work.

Stan.


"Made about $500 first VMW trade and hit limit. Went in for more and made further $700! thanks for the advice you were spot on!

Baiju"



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Things Look Ugly But....


Things Looks Ugly Right Now But.....be ready for a potentially very strong bounce soon. I was expecting a bounce phase to start this week and we indeed did get it however it lasted much less than i imagined. Today we tanked hard obviously but i am thinking the bulls will not give it up so easily QUITE YET. Watch friday's action and early next week market action as i am now starting to see hints that a decent rally is brewing.....

Whether it happens or not: Remember: this is stock trading: DO NOT fall in love with this: Take profits when you got em and ALWAYS protect yourself from mistakes.

Good luck and god bless.

Thursday, August 19, 2010

Beware Of Breakout Fuckery At Popular Numbers

Before chasing an 'obvious' breakout, ask yourself am i the hunter or the hunted?

Art Of Trading Review From A New Member!!

"Personal Attention To My Success

I first heard of Trader Stewie and his Art of Trading service through investimonials after reading the numerous good reviews from his other subscribers. So i decided to take his 14 day free trail. After only three weeks i felt compelled to write a review of my own and share my short yet superb experience.

His analysis of stocks/markets is uncanny and managed to not only put me in some good trades which allowed the service to pay for itself but has also kept me out of trouble on trades which i took on my own. He is always willing to help whether you email him directly or find him in the chat room. I feel like he genuinely wants his subscribers to succeed and this was very obvious to me after interacting with him for a few days.
What impresses me most about his method is how patient he is at allowing a trade setup to develop. He is not scared to sit it out until a good hand meets his criteria.

The Art of Trading chat room is one of better chat rooms i have frequented in my years of trading. There is a good vibe among the subscribers. Trader Stewie is in there daily helping out and calling out his trade alerts(also emails the trade alerts). He is "one of guys" in there and you sense that he doesn't have a big ego. The chat room also boasts several other talented traders and that's always a plus!

I firmly recommend this service! In fact I have already told my colleagues at work about it.

Do yourself a huge favor and sign up!"


For more reviews visit INVESTIMONIALS.com

Sunday, August 15, 2010

Weekly Charts Analysis






No setups tonight but i will do something i haven't done in a little while: Breakdown and look thru the weekly charts.

As we head into a historically bearish time of the year for stocks: I am starting to see more and more charts hinting that we are setting up for lower prices in the not too distant future. This is interesting because come september/october that's when the really big money "comes out to play". Will be very interesting to see what the 'big boys' wanna do with their money.

I hope these charts are misleading and wrong because if these charts do indeed play out things will get very shaky in the fall. But we need to be prepared for the worst and NOT be victims of any surprises cause when it comes to trading markets: ANYTHING CAN HAPPEN!

I will as always play it with both sides open and i will ALWAYS trade where i see an edge: long or short.

good luck.

Friday, August 13, 2010

Weak Bounce Will Likely Setup Bear Flags Soon



I do not think the downside is quite down even tho many are looking for a bounce. I think we might see a bounce but it will be weakish in nature and to be honest might NOT be even worth playing. I would much rather focus on shorts.

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