DayTrading with Anni: A Blog about Stock Trading & Life: The Daily Note

Thursday, September 23, 2010

The Daily Note - Ready for Anything

There are days when breathers are nice. Days when the sheer steep is exhausting just to look at. Funny I don't remember feeling that way when I skied those, but I sure feel that way when I look at some of the setups for trading. That is why looking both ways before stepping off is paramount to keeping your capital safe.

Mapping a trade both ways allows for choice, allows for safety and give a trader an easier way to admit to being wrong. Knowing there is an opposite option to the trade already laid out also allows an easier way to tweak the trade when conditions change.

There is nothing wrong with caution because I am reminded of how easily conditions can change on the mountain and how fast a great day can turn into a perilous one. Same on the trading floor, within seconds things can take off or fall off and being conditioned for the change can mean life or trading death.

While taping todays afternoon tune, I was alerting traders to the tightness of AAPL and NFLX. It was still that way when I finished the tape, but while uploading, the NQ_F, AAPL, AMZN, NFLX almost simultaneously fell off the cliff that I just moment before was pointing to. If not for stops, you may have been caught in the avalanche, however short lived, avalanches are deadly. Events like these are good lessons, teaching us the age old rule, that in life as in nature, to always be ready for anything.

Instead of a tune today, watch this awesome pre-season ski clip. You won't be disappointed and it has a good tune. :)

Kashmir - A Skier's Journey: Ep1 from Jordan Manley Photography on Vimeo.

Happy Trading, Living and Dancing
Anni

The Daily Pick - A Mid Day Tune

No comments:

Post a Comment

a posse ad esse or from being able, to being

In trading as in living, We must see the possible in order to create the actual. Through a maze of charts, indicators and endless outlook chatter, we must create our own vision and from that actualize our possibilities. In short, create and realize our dreams. With my experience and ability to visualize, I can help you realize yours. *********************************** Click on the subscription buttons below to sign up **********************************

Questions or Comments:

********************************

DISCLAIMER

Day Trading with Anni is a blog and website intended for education, entertainment and information only. The content provided herein is not to be construed as recommendations to buy or sell stocks of any kind. They are simply the opinions of the author. It is possible that the editor of this blog may own, buy, or sell stocks presented. All readers, traders, or investors should consult a qualified professional before trading any stock. The author is not an investment advisor. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts made by the author are committed at the reader's own risk, financial or otherwise.That said, all content is under copyright by the author.

QUOTES ON TRADING AND LIFE

Truth will never be heard, felt nor seen by those who are scared of it. 8/19/2014
Markets must quit trusting Putin and people must start trusting history. 8/15/14
In trading, as in life, insisting on being right may only result in a booby prize. 8/12/14
"Caution is a friend, Fear is an enemy" 10/21/13 Anni
Dance for yourself - If someone understands, good; if not, then no matter, just go on doing what you love ~ Louis Horst
"In Trading, when on the right side, patience is the key, but if you're not sure, patience will not serve you well." Anni 2/1/12
Rationalizing can make you blind to what is.
"The idea of unions is not a bad one until you realize that it fosters dependence on those who wish to control your capacity to earn and how to spend your money. 1/2012 AnniV
"Happiness is a choice not a wonderful arrangement of circumstances" Woody.G. Perry's NYE 2011
"For myself I am an optimist - it does not seem to be much use being anything else." - Sir Winston Churchill
When looking at a country look to the success of it's middle class not the richest of its citizens. Twitter post by Anni 8/24/2011
"In trading, as in life, strength comes from knowing oneself." 7/15/2011
"In this social media world don't be a kaleidoscope: fascinating for a short time but easy to be without . Be real and a friend instead." Anni 5/17/2011
"Music is the true International Reserve Currency" Matthew Brenner 5/17/2011
It's all about blessings, some sooner some later .. always available .. some know when they receive it some don't see it. The lucky do. Anni 1/4/2011
One does not notice the 2x4 coming when one is staring at stars. Anni 1/3/2011
"You have to take a chance to be given a chance" AnniV 05/27/2010
"The trouble with pain being put off is that it can go from annoying to deadly" AnniV 5/19/2010
"Many people don't wish to expand their minds with anything more than what they think they already know" AnniV 04/30/10
"If you don't pay attention now to your government taking your rights away today, you won't have a choice tomorrow." AnniV 4/7/10
"Trouble with sheep is that often they do not know they're being herded by wolves." AnniV 3/30/2010
"World leaders are never really smart; some just position themselves better on the chessboard." AnniV 12/09
"Don't Wait for Life, Live It" Anni 2/2007
“Opportunity is missed by most people because it is dressed in overalls and looks like work.” Thomas Alva Edison
"The greatest mistake you can make in life is to continually be afraid you will make one." - Elbert Hubbard
"We may be remembered as the highest educated stupid people per square mile in history, who in the end preferred sheepdom to freedom" AnniV (7/14/2009)
"Nothing could possibly go wrong is often said right after hold my beer, I want to try something" 7/2/09 higgs @tickerville
"When everyone joins the parade, it's time to become a spectator" AnniV (6/04/2009)
"True power comes not by opinion but by deed" AnniV 1/19/2009
"Hate blinds as does adoration" - AnniV 11/08
"That we lie successfully to each other is natural; that we successfully lie to ourselves is a natural wonder." Robert Ardrey in The Social Contract
"Youth speaks at length, while age edits" - Jeremy Denk 09/19/08
"Socialism is an easy sell but much more costly to endure" - AnniV 09/21/08
"How you view me is up to you; how I project myself is up to me." - AnniV 11/03/07
" I always enjoy life, music, dancing & all other sources of happiness." - AnniV 09/27/07
"Your Action Proves Your Word." - AnniV 1994
Laughter is the shortest distance between two people. -Victor Borge
"I'm somewhere above twentyfive and below dead and depending on my mood, I'm able to act my age anywhere in between." - AnniV
"As long as I wake up in the morning, I'm never too young or too old for anything." - AnniV 09/21/07
"If all my days were perfect I'd check my pulse to see if I am dead." - AnniV 02/08
Every time we play the rider we allow someone else the steer our way; When we play the driver we make the choices of our way. AnniV 11/16/07
"Some people look for dreams and dream away their lives, others have dreams yet find joy in what life brings." - AnniV 02/25/07