MysteryTraderBlog.com: View from the sidelines

mys·ter·y¹ Pronunciation Key (mst-r)

One whose identity is unknown and who arouses curiosity.

Search Blog

Syndicate MysteryTraderBlog

Advertisers

« Brewing bull? | Main | Safe to come back? »

View from the sidelines

Sold any $1,000 gold futures? Or $110 crude oil? Or $15 soybeans? Or $13 what? Or $20 silver?

Me either. Seems like we ought to be with prices at these levels, but who can take the chance? You certainly can't anticipate any "corrections."

I know traders are supposed to like volatility, but I'm cooling it for a while as many markets seem to be a little out of control. About the time it looked like the stock indexes were about to reward the bears with an extended downtrend, the $200 billion Fed intervention interrupts the move. And the hedge funds (or some other sources?) are making it tough to trade markets with a string of extreme moves -- oil, grains, soybeans, cotton, you name it.

So, in case you have been wondering about the lack of postings recently, I'm just being more cautious and reassessing things. No mystery about sittin' and spittin' for a while.

Posted by The Mystery Trader on March 13, 2008 11:18 PM | Permalink

TrackBack

TrackBack URL for this entry:
http://www.mysterytraderblog.com/cgi-bin/mt-tb.cgi/130

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Name:

Email Address:

URL:

Remember personal info?

Comments: (you may use HTML tags for style)

About Me:

Almost nothing is known about the Mystery Trader. If there were anything much known, he or she would not be such a mystery, would he or she?

We can say only this: the Mystery Trader has been trading for a long time, has learned a few things, mostly the hard way, has traded all kinds of crazy financial instruments, has made AND LOST an awful lot of money, and has not died broke well, not YET anyhow, but there is still time for that.

The Mystery Trader writes these impressions and thoughts as a kind of an uncensored stream of consciousness journal or diary, largely for his or her own amusement, but also hoping these thoughts might help readers somehow, perhaps occasionally, prevent them from doing something stupid.

The Mystery Trader hopes that his or her thoughts might help YOU keep from losing YOUR shirt in the world's biggest casino. The financial markets are notoriously tricky and have ALWAYS been loaded with disinformation, deception, raw deals, chicanery, and outright criminal theft. Unfortunately, little of this bad behavior is caught and punished because the financial markets are too big and chaotic.

The Mystery Trader certainly and explicitly does NOT recommend that you blindly accept any ideas presented here or take anything expressed here at face value as actual fact. On the contrary, if anything, the Mystery Trader hopes that this blog might encourage you to think entirely for yourself and develop your own UNcommon sense. Be careful, have fun, and good luck!

Post Calendar

Site Sponsor