AMERICAN IDOL

Here is the video of the awards ceremony at the CBOT. It is edited quite a bit and is not too great, the best shot of me is at the very end. It is funny when they refer to us as the American Idols of trading, very cheesy. It is better than nothing I guess is the summary remark to make.

There was a comment in a post yesterday by someone trying to dial in exact dollar amounts I make trading. I am just not comfortable revealing those types of things in an open forum like this. If I ever got back into having services and newsletters, I would be more forthcoming in these areas. However, I do have a couple of things that were publicly audited and they are referenced in my profile. I doubt there are any other free blogs that have even that proof that the publishers have had some success. If that is not sufficient I guess you should not read this. This above video one would think, showing me winning an award where real dollars were traded, would be sufficient.

I would love to have a bunch of markets to show trades in but I am in limbo here. I don't typically chase markets down to these levels, I wait for pullbacks which we appear to be getting today thus far, albeit small ones.

Michael made a comment about a possible stair step move down as opposed to the sharp ones we are used to seeing. This could happen, I just have nothing that I use that tells me in advance whether or not that will happen or not. In general, moves upward tend to stair step and downward moves tend to fall more sharply. If you look back at charts you constantly see that type of action.

This Sugar charts shows what is very typical in the way markets on average rise and fall. The rallies creep, the declines often fall sharply. Of course there are exceptions, Silver is creeping lower just like a fat man is standing on it right now. However, most of us are aware of these tendencies and it is probably why so many people like the short side more than the long side. You can make the money a lot faster when you catch the moves correctly.

I hope the video plays I have not tested it out to see if it works.