by Gavin M.
Fairfax reported a $500M+ loss today in their earnings. They are about to buy a losing company which will further impact their bottom line going forward. Does Fairfax sound like a company you want to put your hard earned money into? I don't think so.
We still have yet to receive any reports on the financing for the Blackberry deal. We know that Fairfax asked two banks to help them finance this $4.7B acquisition of BlackBerry. So it has all come down to these next few days. Deal or no deal?
I definitely find it extremely suspicious that BlackBerry sold off hard in the last two hours of the market today. We have seen severe sell offs in the S&P 500 and the NASDAQ only to find BlackBerry hold its own price. Today, it was different - this was deliberate selling. Obviously we can never truly find out who - at least not right away anyway. In my years as a trader, this wasn't exactly a big institutional sale but it is remotely possible. This was more like a bunch of individuals - insiders and the like selling judging from the volume surge in the selling.
Regardless of who sold, this is an ominous sign. What's more interesting is the fact that this was an early warning to the earnings report of Fairfax. Once again, someone knew something before it happened. Don't hold your breath for the authorities to investigate. It's not going to happen.
Whatever your feelings may be, good luck if you are in BlackBerry. We will find out on Monday if we get a deal or not. I strongly think nothing is going to happen.
by Gavin M.
I won't explain this very much since it's pretty self-explanatory. I set aside $15k of my money to test this BTFD theory. Each dip I see, I will buy and see how it goes. So far, I'm green for the last 6 trading days. I have no plans of replenishing this $15k if it will be consumed by losses. I wire out profits I gain each time they are settled.
I always only trade with $15k and this affords me a max of 3 contracts. I DO NOT USE margin to buy more contracts. I trade only with the cash I have even when I am on a margin account.
Benefits of Trading FUTURES:
1. Open 24 hours, 5 days a week
2. No research, no stock reports, no bullsh*t rumors to worry about
3. No Pattern Day Trader Rules
4. Did you read the part about no PDT?
5. Tight spreads - 0.25 spreads ALWAYS - no fluctuations
6. Did you read the part about no PDT?
If you want to learn about how to trade ES, we have a quick 10-hour class for $1000. Ask us for more info!
by Gavin M.
Why would anyone trade FOREX? The best and only answer should be: FLEXIBILITY. The Forex market is the most liquid market in the world. It is open 24 hours a day, 5 days a week. FOREX is the better alternative to stocks for individuals who have full-time jobs. There are no research materials to read and best of all, there are only a handful of major forex pairs to trade. It really simplifies the way you trade.
In trading, the way to profitability is simplicity. I have always practiced simplicity in my trades. As an all-around trader, I always get a good chuckle from people who put on complicated options plays like iron condors, put butterflies and other types of flying things.
No PDT. Forex does not have PDT rules so you're free to trade as many times as you like whenever you want and however you want. FOREX truly frees a trader from the shackles of useless, archaic and moronic SEC-decreed rules.
Lastly, the FOREX world is perhaps one, if not the ONLY market where you can still get away by just trading with technical analysis and ignoring everything else. So if everything I've said above sounds good to you, what are you waiting for? Go learn how to trade Forex!!!
If you want to learn how to trade forex or want trade ideas, sign up at Equity Sense. We provide smiles for free.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.