What we are experiencing now … the first days of 2008 … is exactly that, what we call in a daily sense the “Amateur hour”. The first hour of trading, where all the amateurs buy and sell and wrong positions get closed/stopped out. And as we know, it is the hour, which the professionals use […]

May be I should call it a “service-announcement”
As I have a life … and my kids and my wife will be at home until January, 6th … my next regular post will be Monday, January 7th 2008 …
NExt Friday we face options and futures expiration … this bundled with low volume due to […]

As I received emails, asking me about my approach towards the results … here the answer
First … thank you for asking … I appreciate every question which is helpful … for me and as well for others …
(please use this e-mail —-> Oliver1414@gmail.com)
My idea is … the Dax trades around 7500 points … […]

PRE MARKET SHEET
Situation:
U.S. Markets (up/down and probable reason)
Asian Markets (up/down, new influences?)
Currencies/Commodities (new influences compared with revious European Close)
Events (overnight/expected during upcoming trading day)
Dax (supports/resistances based on technical stuff)
Ideas:
Where to buy/sell ONLY for ME…MY RISK PROFILE, MY BANK ROLL …
N O T (!!!) Y O U R S!!!
Where to “give up” … STOPS …
AFTER MARKET […]

What I will do … at least try to … as time allows
PRE MARKET
- analyze the situation … shortly
- putting numbers to my thinking process … supports/resistances
- trying to express … not always … a confidence level to that … might fail BIG TIME
- all in all FOR ME!!! … a guide for each […]

The sense of this exercise is …
- to discipline myself … how often one has the right idea and then … does not follow through.
- to show to myself, whether my ideas are worth what I think … or are just born by some funny things, my brain wants me to believe … Behavioral finance […]