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Thursday, January 21, 2010

Scalping and Interest Rates (PODCAST and VIDEO)

"It's not about the one trade, it's about the many trades" - Personal Axiom

"Cheap Interest Rates will not fix the current economic problem. It simply staves off complete disaster." - Personal Axiom

Last week, I had answered a few questions I received in the form of a podcast entitled "The Cusp of Profitability". I received a lot of positive feedback, so upon receiving a few other questions, I decided to do another one this week.

One question revolves around the recent trade in the Challenge Project, and the other has to do how to with interest rates, the U.S. Dollar, and inter-market relationships ...

(Podcast Included. If you're seeing this entry elsewhere and cannot play the podcast? Click this link to go to the exact podcast entry ...)

Click Here to Download this Podcast.

I just keep a simple spreadsheet that keeps track of money management numbers. Here's a snapshot of the spreadsheet for the "Challenge Project Trading Accounts"

After listing in columns various trades, I have cells that automatically keep track of the averages with statements such as ... =AVERAGE(J22;J26;J32;J34) to average certain cells...

To help understand why it is difficult for banks to 'lend again' although given tax money by the government, here is a re-post of the video once again of "De-leverging is Asset Control, Not Money Supply Increases"

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have over 13 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.


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