DeWayne Reeves'  Instablog

DeWayne Reeves
Send Message
DeWayne Reeves is the founder of CFRN and host of a popular radio program heard daily in over 20 countries. A former equities trader, he has focused primarily on the S&P 500 Emini Futures Market for the past 5 years. His insights and trading methodology are a blend of traditional technical... More
My company:
CFRN - Christian Financial Radio Network
My blog:
Christian Financial Radio Network
  • God Chasers And Emini Traders 3 comments
    Oct 13, 2012 1:55 PM | about stocks: QQQ, SPY, GLD, FB, DIA
    GOD CHASERS AND EMINI TRADERS

    I often get questions about why we label ourselves "A Community of Believers Who Trade For A Living." The question ultimately leads to "What does that have to do with trading?" "Why do you need to drag God in to it?" I love that question. I really do.

    I personally like to work with like minded people. As a younger man I was forced to work in places where quite often the corporate culture was fairly disgusting. From foul mouths, to heavy drinking, drugs, casual sex and the oft required after work happy hour, it was bad. In the interest of full disclosure I should probably mention in most cases I was also the boss. As I grew older and came to my senses, I realized I wanted to live my life a different way.

    I also realized that to live that different life, I would need to surround myself with different people. The last business I built before CFRN, my wife and I decided that we wanted a clean, wholesome, family environment. We never discriminated against anyone because they weren't willing to thump their Bible or wear a WWJD t-shirt. However, when the non believers saw 50 of us gather together each morning to hold hands and pray, they either opened their mind to the possibilities or eventually chose to move on. Sometimes they ran...

    So that's why we call ourselves a Community of Believers Who Trade For A Living. Not to alienate anyone, quite the opposite. Our doors are open to everyone. We'll never attempt to force religion of any brand on you, but coming through the door you'll understand immediately who we are, what we stand for and that we've made a conscious decision to build a corporate climate that reflects our beliefs and values. It really is that simple. There's no hidden agenda, no Kool-Aid and no vestal virgins as a signing bonus.

    Becoming a Partner is about more than buying indicators, it's about more than learning how to trade, it's about being part of a family where we all speak a common language, share a common bond and have similar hopes, dreams and aspirations. A place where we can be encouraged as we encourage one another. Just tonight I received a missive from a brand new Partner coming on board. He penned an email straight from my own heart -

    (excerpt)

    I admit that I was lured to the markets by the Siren's song of quick riches. Listening to CFRN reminds me to plug my ears and beat the monster back every day. Play small ball. Wait and only swing at the good pitches. Use the indicators to see the good pitch. Swing and maybe get stopped out, but hopefully make a base hit.

    My selfish reasons for this are XXXy, SXXXXXXX, XXXXh, GXXX and XXXXXXy. Last month I took the trial while at home for XXXXXXX's birth. I want to spend more time with them. I want to continue to provide a safe home, food and healthcare. Have we lived beyond our means in the past? YES. Did we buy too much house, probably. I want to get out of debt. I want the to opportunity to be an outrageous giver.

    Currently, all charity goes to/through the local church. XXy and I want to start taking the older children on short term Mission trips, too.

    (end excerpt)

    That is the heartbeat of CFRN. I could choose to work with a hot shot hedge fund manager who thinks everybody's first name is Mother, has a fifth of Jack in his bottom drawer and spends half the day snortin' lines off his desktop, or I can work with the guy who sent that email. For me the choice is simple.

    One of the greatest blessings in my life today, beyond my wife, children and family, are the people I'm privileged to work with day in and day out. Life's Good!

    To all of you who are a part of it - Thank You!

    S&P 500 EMINI FUTURES AND OTHER TRICK OR TWEETS

    Volatility is back! The week is off to a great start and it may get even better...

    DeWayne Reeves@CFRN

    Correction to ZSX2 trade. Consider being long above 15.70 or short below 15.36 whichever presents first.#futures #soybeans $ZS_F

    8 Oct 12

    This trade was not our finest hour. It triggered on the long side for a grand total gain of 2 cents or $100 per contract. Then the unthinkable happened, it triggered on the short side. If you were stopped out of the long trade getting into the short trade is a tough thing to do. I did take the short trade today in the Live Trading Room, but as an intraday setup. If you did not take the short trade, I can't blame you.

    (ZSX2) November Soybeans

    DeWayne Reeves@CFRN

    Consider being long ESZ2 above 1460 or short below 1447 whichever presents first. #emini #futures#trading #es $ES_F

    8 Oct 12

    The S&P Emini trade got with the program and is still in play tonight.

    (ESZ2) S&P 500 Emini Futures

    DeWayne Reeves@CFRN

    Consider being short the Euro 6EZ2 below 129.75 or long above 130.20 whichever presents first. #emini#euro #futures #trading $EC_F $6E_F

    8 Oct 12

    From Greece to Spain to Italy the crisis continues and the currency crumbles.

    (6EZ2) Euro Currency Futures

    DeWayne Reeves@CFRN

    Consider being short Crude GCLX2 below 87.90 or long above 91.15 whichever presents first. #crude #gclx2$GCL_F #futures #trading

    8 Oct 12

    Crude played along perhaps due to the 2012 California Winter Blend.

    (GCLX2) November Crude

    Somehow my SeekingAlpha Feed failed to post the Gold Tweet to the Twitter but those of you who follow us on SA were able to take advantage of it anyway. Maybe you should Follow Us.

    DeWayne Reeves
    Consider being short Gold GCZ2 below 1765 or long above 1784 whichever presents first. #gold #futures #trading $GC_F
    Mon, 3:31 AM

    (GGCZ2) December Gold

    As opportunities unfold we will keep you posted.


    Questions?

    Call us toll free @ 866-928-3310 during normal business hours.

    After Dark - email support@cfrn.net or call 415-857-5654

    Connect with us:

    Follow Me on Pinterest

    Follow us on Twitter!Twitter
    Follow us on Facebook!Facebook
    Read the MailChimp blogBlog
    Learn MailChimp on iTunesiTunes

    Please leave a review on iTunes

    5 DAY FREE TRIAL

    Live Emini Trading Room - Platform / Data / Indicators / Training

    Emini Podcast for Tuesday 10/09/12

    Stocks: QQQ, SPY, GLD, FB, DIA
Back To DeWayne Reeves' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • Three Cheese Fondue
    , contributor
    Comments (893) | Send Message
     
    "That is the heartbeat of CFRN. I could choose to work with a hot shot hedge fund manager who thinks everybody's first name is Mother, has a fifth of Jack in his bottom drawer and spends half the day snortin' lines off his desktop, or I can work with the guy who sent that email. For me the choice is simple."

     

    That's a straw man argument against working in a milieu that is not overtly religious. I think there is plenty of room in between the devoutly religious and what you might see as the incorrigibly diabolical. Or, in less flowery language, just because one is not (what some might call) a saint, does not make one a sinner.
    16 Oct 2012, 04:19 PM Reply Like
  • DeWayne Reeves
    , contributor
    Comments (45) | Send Message
     
    Author’s reply » That's the beauty of the American Dream. I can build my version of it in the way that brings me peace and allows me to sleep like a baby. You and everyone else have the exact same opportunity.

     

    America - I love this place.
    17 Oct 2012, 01:45 PM Reply Like
  • Duolos777
    , contributor
    Comment (1) | Send Message
     
    It wasn't an argument (logical proof to come to the reasoned conclusion), it was a matter of opinion (that, "yes" I would choose too). If I say I like BMW because they build a "driver's machine" and "if I am going to be driving I choose to drive a performance car" doesn't mean my reason is a "straw man argument" that BMW is the right car to drive. It really appears obvious that was his opinion (and choice) which what was he was explaining, which what was the topic of the posting.
    6 Apr 2015, 12:32 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • This week in the #ES #Euro #Crude #Bonds and our Sunday Night Q&A Session http://bit.ly/1zEynlc
    May 2, 2015
  • Free Trade Hot 'N Ready - now being served http://bit.ly/1E7wXze ... #SP500 #ES #Emini #Futures Grab a 5 Day Free Trial too!
    Feb 18, 2015
  • Early results are in for last night's Concierge Trade Alert Service http://bit.ly/1yDm9GR ... #SP500 #Gold #Crude #Russell #Dow
    Jan 19, 2015
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.