The Fluid Trader

I was reviewing my charts today when I saw AAPL making a cup & handle formation.  The handle of course is a bull flag which broke out of it channel on 04/15/08.  I want to see if it does make a measured move upwards to around 181.  The reason for that because price created a low on 3/17/08 with a “flagpole” movement of 37 that ran into the bull flag. 

 Let’s keep an eye on AAPL!

Hello All!

I’m back from a somewhat long hiatus.  My mind was driven away from this blog and I’ve decided that it has gone too far!  So I’m back and ready to go.

During my “vacation”, the markets were doing some amazing things. We gained 300+ in a day and we would lose 300+ in a day.  The volatility and the confusion in the markets make it difficult for swing traders like me to decide where to go unless its intra-day.  I do believe that we are trading in a consolidation at the current time which we hope it will break to the upside.  We’ll see what happens!

Thanks for coming and I will continue my analysis soon!

- The Fluid Trader

I want to wish everyone a Happy New Year! Its been quite a wild ride this past year. I look back and I wonder how I actually survived it!

There has been many things going through my mind lately. I’m thinking about what direction I want to go this following year. As my previous post stated, I have been thinking about either Grad School or getting my CFA. Well another element has presented itself and has substituted the option of the CFA and that’s the CMT. I’ve been speaking to various people and most importantly, my mentors and found that the CMT (Charted Market Technician) is more my cup of tea. Its a no joke certification and has a series of 3 exams. I will see how things will pan itself out and I am seeking to find more details on how to get started!

I have been thinking about how I should structure this blog. I have decided that I will post charts that look interesting and also have a mid week and end of week market analysis. Remember, these are purely my opinions!

I hope everyone had a safe and happy New Year!

This past year has been a strange year for me and I must admit that it has been somewhat of a struggle. I feel that I’m at a fork in the road where I have to decide what I need to do and which course of action sounds best for me and my family.

In all my working career, I felt that I could easily change careers into different sectors (ie. programming to business). As I grow older, I have realized that it is not as easy as it may have sounded.

I have been contemplating which direction to go, Grad School or CFA. Grad school will cost me a lot of money but will allow me to completely switch gears and dive right into the financial world. I do not know if that is a good idea right now as I’m not sure if its worth the money right now. I am also thinking of trying get the CFA charterholder honor. Both will take the same amount of time and I’ve found that CFAs are desired by big companies. One big difference is that there is less cost to become a CFA Charterholder.

I’m still debating and must come up with a solution soon. Any thoughts out there?

Thanks!

I am an individual who has been on a long journey towards trading success. I have been trading since 1998 and have had my ups and downs. The ups were the golden years of the dot coms. I would trade anything in the technology sector or biotech and I would make money. Because this was the beginning of my trading career, I took advice of anyone and did not do my due diligence. In 2001, I bought a few stocks that didn’t do too well and I did the typical hold and believed it would go back up. Why not? I kept making money until now, why would it not happen again? On a dip, I thought that it was a good idea to buy more because I was sure that it would go back up! To make a long story short, I blew out that account and lost over $10K.

That was a hard lesson to take in. I decided to learn more about technical analysis so that I can do a better job at doing my own due diligence. I started reading books upon books upon books and learned a lot about being a technician but I just couldn’t seem to put these concepts together! As I was studying and learning to put my “system” together, I fell into my first mistake, I took the advice of a friend and bought some oil stock which busted and lost over $10K once again.

Even after the expensive education that I received, I pressed forward and continued to study the markets. Many people ask me why I do this. The answer is simple, I have a passion for it. Many people would have stopped after the first account blowout but not me! I think I’m just a gluton for pain! (= I had the great opportunity to meet a a mentor who has helped me and is helping me to understand the markets and price patterns a lot better and he is helping me “put together and distill” all the information and data I learned in the past.

So this will be my journal about my journey to become a fluid trader. I picked this name because no matter what happens, I hope to become as fluid like liquid as possible and flow with the trends!

So sit back, relax, and enjoy.

I will be also writing about other subjects outside of the market.

Hello!

Welcome to the start of the Fluid Trader. I decided that I should build a web presence to connect with fellow traders to share ideas. Please bear with me as I start ramping this blog up. I will be writing about the general markets, technical analysis, and maybe some subjects outside of trading.

I hope you enjoy!