by Big Wave Trader | May 26, 2012
Every single disaster is due to traders not cutting their losses and letting them grow into huge losses. -Dennis Gartman “If you have an edge and if you keep making good bets as opposed to bet on chance over time you will come out ahead.” -Larry Hite The...
by Big Wave Trader | May 24, 2012
Economic news was mixed with a disappointing durable goods figure and a better than expected Kansas City Fed Manufacturing reading. The dollar rose again as the European situation continues to act as an annoyance to the market. Europeans cannot get their act together...
by Big Wave Trader | May 23, 2012
A better than expected new home sales failed to spark a rally in the markets as traders turned once again to the European situation as a reason to sell the market. Sellers were in control for much of the day as the European situation remains dire. In particular is the...
by Big Wave Trader | May 21, 2012
AAPL and PCLN help the NASDAQ push higher as FB drops hard on its second day trading on the NASDAQ. Volume on the day was considerably lower than Friday’s level, but Friday we did have options expiry skewing volume. Today’s bounce was not a surprise to many as the...
by Big Wave Trader | May 19, 2012
“I did not for one moment consider abandoning my chief defensive weapon—the stop-loss order. No matter how well built your house is, you would not think of forgetting to insure it against fire.” -Nicolas Darvas “Remember, the market is designed to fool...
