Market Recaps

Welcome back to Medellin, Colombia!  One of my favorite cities in the world I have decided to spend my Christmas holidays in Venezuela and would be heading in that direction tomorrow.  We can certainly see the changes in the market as we approach the holidays.  There has been a significant increase in erratic behavior as the direction of the global economy is becoming increasingly uncertain and there is less and less participants in the market.  Its very interesting to watch. I have my hands […]

Welcome back to Nairobi, Kenya!  I have my Tusker beer ready to watch today’s market.  I explored most of the eastern realm of the continent and achieved all my goals of visiting Somalia, South Sudan (world’s newest country), and even day trading in many of the countries that I visited.  Soon I will start posting my day trading offices from around the world, so far my office in Argentina & Madagascar are my favorites.  I have some very exciting news and also […]

Welcome back to Ethiopia!  I spent roughly a day in Kigali, Rwanda exploring what I consider the Germany of Africa.  Ethiopia Airlines has a habit of having flights in the WEEEE (did I spell that right?) hours of the morning.  My flight left at 2am and I arrived at my home (Taitu Hotel) in Addis Ababa at around 7am only to find out that I couldn’t check in because someone else was in my room.  What kind of country is this? I […]

In order to become a good day trader we have to be able to identify, understand, and anticipate what the market is going to do.  Nothing in the stock market is set in stone which is why day traders always have losing trades.  Nothing works out 100% of the time. In order to develop your skill it becomes not necessary, but crucial, to be able to control your emotions and think 100% analytically about the market.  I mention this in this post […]

Today lasted a lot longer than I wanted it to (especially compared to yesterday) but it was a great day none the less.  The market has really been giving us great runs which led me to cancel all targets other than the 5pt max target.  You can even see this behavior in the pre-market so I was anticipating a big day in terms of volatility. The behavior of the market quickly changed once it officially opened.  Take a look how there was […]

Welcome to Somaliland!  I have arrived at what is my final destination in Somalia where the internet is far superior than I ever imagined.  I’ve managed to find a friend of a friend that also has internet in his home, very fast internet to be exact.  When I arrived in the vastly misunderstood country territory I honestly didn’t think that I would be able to day trade. Ethiopia has some of the worst internet that I have experienced while I have been […]

After almost 10 days with internet speeds of the era of the Roman Empire I have finally secured a great connection here in Toliara, Madagascar.  I’m currently using a Wi-Fi connection at the Bo’s Restaurant, if you are ever in Tolaira make sure to order the Zebo Steak, it’s excellent.   Later I realized the reason why this is the only decent connection in the country, the main underwater fiber optic sea cable connects to Madagascar via Toliara. If you are interested in […]

Today’s trading is very unique because there was a variety of changing market environments. I’ve included today’s pre-market chart to give you an idea of what I was looking at before today’s trading.  Hours of analysis isn’t needed, you can gauge what’s going on in the pre-market in roughly 5 or 10 minutes before you are ready to trade.  You can see the indecision in the market with the erratic behavior; strong runs, long bars, whipping back and forth.  Normally there is […]

I started looking at the market a bit earlier because there has been good movement in the premarket.  It has worked out well so far especially since there is a great restaurant I have started to frequent every day.  The first trade is a bit aggressive because the market overran our areas but the momentum was still there.  Worked out very well if you notice, aggressive in, aggressive out.  Didn’t look for a massive run just got out at the first area. […]