Based on the comments and emails I received since posting again last Friday, I put together the following Q & A. Enjoy!
Q.) Where have you been for the past year and a half?
Q.) What have you been doing for the past year and a half?
A.) Trading. And I took up some new hobbies - chess, guitar (early stages), motorcycle riding (I bought my first bike earlier this year).
I have traveled some - NYC, the Pacific Northwest, China, Mexico. I got to see the Yankees play one last time in the old stadium.
Overall I have been enjoying (or trying to enjoy) life.
Q.) Are you planning to blog again full-time?
A.) Undecided. I miss blogging, and communicating with [most] others. But I don't miss a lot of the negativity that blogging brings. It is easy to say "just ignore the negative people", but the bottom-line is why do I want them in my life at all? So I have to balance the desire to post and communicate with the negativity I expose myself to by doing so. I think every blogger who posts with consistency and is around for any length of time has to deal with this issue.
for Howard Stern fans insert your best Artie Lange impression here..."waaaahhhhhhhhhh, Trader-X has to deal with mean people...waaaahhhhhhhhhh"
Q.) Are you still trading the same methods and style?
A.) As with everything in life, my trading has evolved. I still trade the "Trader-X" setups reflected in this blog, but those setups now comprise ~20% of my total trading. My trading evolved not because the setups quit working, but because I grew more impatient and began looking for even easier ways to trade; the setups I detailed on this blog in the past are just as valid as they ever were.
I have migrated to 5-minute charts (I AM NOT advising readers do this...read my post on timeframes written a few years ago and heed the advice/warnings), and I now incorporate standard pivot points into my analysis. I have also delved into the futures market - mainly trading the E-mini NASDAQ contract (this appears to be a well-timed move with the recent restrictions imposed on short-selling).
Overall, my trading has become even MORE simplistic than it was in the past. But the core principles remain - Fibonacci retracements and extensions, candlestick charts, support and resistance. And my results are better than ever - the first half of 2008 was the most profitable six months in my trading career. I tell you this not to try to impress you, but to show that consistency and hard work still yield results.
Q.) Are you voting for Obama?
Q.) What are your favorite movies of 2007?
A.) Iron Man and The Dark Knight. If you have not seen Iron Man and you don't buy it when it is released on DVD this coming Tuesday, you are doing yourself a HUGE disservice. Great special effects, great story, and a great performance by one of the best actors of our generation.
Market Recap Feb 10, 2016
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