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Archive for January, 2011

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AdvisorShares Active Bear ETF 100% Short & 100% Transparent

January 28 2011 | 6:00 am PDT

My good friend John Del Vecchio is running the new Active Bear ETF for Advisorshares. Ticker is HDGE.

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President Obama Wants You To Become A Trader

January 27 2011 | 1:20 am PDT

President Obama Wants You To Become A Trader

From the transcript of the SOTU:

“None of us can predict with certainty what the next big industry will be, or where the new jobs will come from. Thirty years ago, we couldn’t know that something called the Internet would lead to an economic revolution.”

“What we can do – what America does better than anyone – is spark the creativity and imagination of our people. We are the nation that put cars in driveways and computers in offices; the nation of Edison and the Wright brothers; of Google and Facebook.”

“In America, innovation doesn’t just change our lives. It’s how we make a living.”

– President Obama

Isn’t that what traders do…innovate? Traders have gigantic creative sparks and imagination. And we combine those aspects with the need to learn new skills almost daily. We need to read like we’re in the CIA. We need to eat right and have healthy spiritual lives and exercise.

We develop and deploy models that are either systematic or discretionary in order to do something else that is terribly American: we make money.

Fight the power. Become a trader. Join the capitalists.

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Trade Like Victor Sperandeo (By Studying With Him)

vhs2 300x200 Trade Like Victor Sperandeo (By Studying With Him)

The Master Class with Victor Sperandeo on Friday, February 4 in New York City is almost full.

Victor is going to teach you the proprietary rules he uses himself to this day. These rules are not in any of his books. Click on the link to see the full agenda.

Register for the Master Class and change your life.

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The 60-Second Guide To What Brokers Are Telling Their Clients This Morning (GLD, S&P, Bonds, Mutual Funds)

January 26 2011 | 6:00 am PDT

I thought I’d have a little fun with a morning ritual The Business Insider runs each morning, with the same title as this blog piece. Here’s my take on what they’re saying:

“We’re in it for the long haul.”
“You can’t time the market.”
“We have to buy and hold.”

The tickers may change, but the banal story is the same. Not their fault entirely. They are poorly trained. And what would they do if they couldn’t get CNBC all day to kill the time? They are not money managers by a long shot.

You can see a 10% selloff in GLD btw, if it trades below $129.50 on size.

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Forget the Series 3 (and the Series 7 Too)

January 25 2011 | 6:00 am PDT

There is nothing on neither the Series 3 nor the Series 7 that will make you a better trader. These exams are for those of you who want to become marketers for member firms. Do yourself a favor and drop any plans you have for taking these exams.

Any time an employee of a member firm speaks to someone in the investing public about an investment, they need to be registered. “Speaking to someone in the investing public about an investment” is marketing, not trading. You don’t need the Series 3 to trade.

It is not going to make you more employable. It WILL confuse the hell out of the folks looking at your resume. Here’s what they’ll be saying:

“Why the hell does he have the Series 3 if he wants to trade?”
“Why did he set up his CTA if he wants to trade for us? We don’t hire CTAs.”

Set up your CTA if you want to be self-employed and you have a substantial marketing team. Everyone wants to shoot the gun, but no one wants to get the bullets.

Do not get a Series 7 so you can work at an equities prop trading firm. In other words, don’t work or seek employment from a firm that mandates you need to take the Series 7.

The licenses for the General Securities Representative (Series 7) and the NFA Associate Person (Series 3) will not help you manage risk or trade better. Pass on them.

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latest podcasts

Study instruments in multiple time frames.

This week Frank and I speak about the effect of Hurricane Sandy on the energy markets, including the delivery problems in NY Harbor.

Frank Clements and Michael Martin talk about the past week in Energy Futures and about the upcoming week also.

“Boone’s trade of the Cal 2013 Strip at $3 is a great trade.”

Long-only investors will benefit greatly from Behind The Numbers — especially how to get out of their losers quickly just by following a few simple fundamentals on the balance sheet and income statement.

 
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