http://www.option-letter-daily.com Daily Commentary from Professional Traders Mon, 05 Jan 2009 05:00:00 +0000 http://backend.userland.com/rss092 en Raymond Firetag is a former real estate mortgage broker who turned to trading less than one year ago. Here we talk about his learning curve, how he blew his first trading account learning the craft, and the changes he made to come back from those first tough months.Listen in Windows ... http://www.option-letter-daily.com/2113/options-news/interview-with-trader-raymond-firetag.html This Market Commentary provided by:www.TigerSharkTrading.com Tiger Shark Trading is a destination web site for savvy traders and provides daily commentary from some of the world’s top professional traders. Check it out. It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they ... http://www.option-letter-daily.com/2119/options-news/adrian-manzs-around-the-horn-intraday-trading-december-results.html For Tuesday, the 30- and 5-year bonds continue to signal for a resumed up-move which the neutral 10-year is at least not contradicting. Obviously, when the signal is wrong, it can be spectacularly wrong as we saw on Monday, so caution is advised. At the moment, these market are more ... http://www.option-letter-daily.com/2120/options-news/the-odds-czar-index-futures-biases-for-january-6.html A traders success, or ultimate failure, depends on one simple question: Do you have a written trading plan? Most do not. In order to manage your emotions effectively when trading, you need to create a written plan that you can review regularly to stay focused on your goal of trading ... http://www.option-letter-daily.com/2121/options-news/10-questions-for-your-trading-plan.html What a beautiful day it is in Paris. It’s snowing. The streets are white. And the streetlights, shoplights, and automobile lights make everything glow. It would be a nice morning to sit in a café and drink a cup of coffee. But we don’t have time for that. We’re back ... http://www.option-letter-daily.com/2122/options-news/an-american-recovery-how-high-will-this-dead-cat-bounce.html Deflation is the new theme in the economy, as trading volume returns to the financial markets after the holidays. What do the professional traders of TraderInsight.com think? Here’s the list of 7 stocks our professional traders will be watching this week: Bed Bath & Beyond (BBBY), Family Dollar Stores (FDO), ... http://www.option-letter-daily.com/2123/options-news/weekly-market-outlook.html Friday’s sharp drop in bonds should reverse direction on Monday according to the CzarCharts. The currencies are also flashing buy signals.Either-Or BiasesThe first set of biases includes six biases that individually signal either long or short on a daily basis, except for the rare tie. Each bias has a +1 ... http://www.option-letter-daily.com/2114/options-news/the-odds-czar-index-futures-biases-for-january-5.html I meant to take yet another Friday away from my writing, but as I am researching for next week’s annual prediction issue, there is so much material that begs to be covered that I thought I would put out a short letter with 3 or 4 points as a preface ... http://www.option-letter-daily.com/2115/options-news/2008-annus-horribilis-rip.html $SPX is now approaching the 920 resistance area once again (support is at 850-860). A breakout above resistance or a breakdown below support would be significant. The $SPX chart is current somewhat neutral as the index is bouncing between those support and resistance levels, in a trading range. The equity-only ... http://www.option-letter-daily.com/2112/options-news/the-mcmillan-options-strategist-weekly.html How Did the Dollar Trade in 2008? It has been an exceptionally active year in the foreign exchange market as currency volatilities hit record highs. In the first half of the year, everyone was worried about how much further the dollar would fall but in the second half of the ... http://www.option-letter-daily.com/2116/options-news/2009-currency-market-outlook.html