Brandon-Fredrickson

Goldman: Readying Short Position Initiation Sequence

I guess that, like Axl Rose, I coulda used "just a little patience" :)

Goldman: Readying Short Position Initiation Sequence

Im not sure what 5 doji's mean. I know when I go to a dojo I sweat my ass off.

Goldman: Readying Short Position Initiation Sequence

I'm covering my GS shorts today.

Goldman: Readying Short Position Initiation Sequence

You will do much better if you understand both. I'm not really so much worried about my number of winners and losers, overall I'd say that about 1/3 of my trades are profitable, 1/3 are breakeven and 1/3 of them lose money, the trick is to make more when your right. I know plenty of people who can show me they are "right" 90% of the time and they still have terrible P&Ls.

Goldman: Readying Short Position Initiation Sequence

I meant to say the CMT, but at the same time was looking at the CFA study material :) Anyway, I've study the CMT material but then never got around to taking the exam, but as I've said a number of times I find technical analysis to be a good way to start when looking at stocks/markets. Good luck to you.

Brandon

Goldman: Readying Short Position Initiation Sequence

John- There is some support coming up in that area, the market has been there coming up on three times. I'm sure you have heard about the market knocking three times and then breaking. Coming back to test something the third time is generally not a good sign, even thought it looks like support on the chart. I do agree that all of the financials are weak and likely shortable in here, in my estimation GS has some kick due to the perceptions that people have about the stock, which as I discussed above are likely to turn out wrong.

Good luck with the CFA, it's a worthwhile course of study and a great way of looking at the world.

All my best,
Brandon Fredrickson

Goldman: Readying Short Position Initiation Sequence

I'm now short GS

Almost Family: Finding Stocks That Work

I'm glad it helped you.

Goldman: Readying Short Position Initiation Sequence

Good question SoCalsurfbum, and one that should be asked more instead of just nodding and accepting.

As I've said in a number of my articles I always start out with technical analysis, even though I feel I'm better than most when it comes to looking at a companies business and seeing what I want to do with it, there are plenty of people a lot better. My background is with technical analysis, and on breakout strategies you always wait for the price to confirm, the only way it can do so is if it trades over/under a certain price. Once you have the breakout in place and and looking at continuation patterns such as flags for example then you will be looking for better prices, a rally up to such and such to add more to the trade. Until the break under $160 occurs though I have no opinion on the stock, I'm pretty much neutral. Once that occurs, and only then, I will start to have a bearish expectation. Hope that helps.