We Should Live - Ben Bateman

The bears are in charge, folks. (more…)

It was a wild day. (more…)

We had a strong down day, but not a full-fledged panic. (more…)

Today was a tough day for me.  I stayed out of the market, and tomorrow I’ll know if that was wise. (more…)

We got our bounce. (more…)

We finally got a rally after eight trading days of neutral or down trading. (more…)

Prices bounce at support—except when they don’t. This is the lesson of today’s market panic. (more…)

One of my New Year’s resolutions is to start blogging consistently about technical trading, which takes up much of my time these days. I’m thinking of two lines of posts: One will be a simple diary about what the market did and what it’s likely to do. The other will explain what technical trading is, how it works, and how you can use it to develop a trading system that will make you far more money in the market than any mutual fund.

But in this age of litigation, obviously I cannot recommend that you make any particular investment. In fact, my official advice is that you view technical trading merely as a hobby to be done with virtual money and make-believe trades. Your actual money you should keep under your mattress or in a clean, dry mayonnaise jar. If you choose to enter the stock market with real money, be aware that this is a big, mean game in which very smart people will take your entire life’s savings without a moment’s hesitation, if you’re foolish or careless enough to let them.

Many of my readers will have no interest in any of this, so I plan to hide it all behind More links, so that readers who prefer my posts on politics, philosophy, and theology can still find them without undue effort. (more…)