Monday, May 21, 2007

The Last Wrap

As they say - all good things must come to an end and most bad ones too. I've been putting this off for a few days and I can no longer delay the inevitable.

When I retired I never stopped working I just did some other things such as trading full time. I've made a living trading on a daily basis, I've learned over the several years that I've done it how to do it. In the beginning I made every mistake known to man and a few more besides. What I've learned is that a couple of simple approaches done over and over again will make a lot of money in today's market. Cross overs, BOBs, pivot points, RSI(2), and ATR(10) have been my life for several years now.

I spent my working years in the service of my country – first because I didn’t know what I wanted to be when I grew up (still don’t) but then, eventually, because it became important. The result of that misspent youth is that I possess some skills that are not that readily available among the general population and because of that I have been called once more to serve my country.

Oh - how I wish it were that noble. Truth of the matter is a friend of mine has a unique job that I can do and I said yes. The hours are long, the work is excruciatingly boring, the rewards are great, and the pay is excellent. Hey – that sounds like trading! It isn’t.

The problem is I have to discontinue Filteringwallstreet. That’s because the nature of the job doesn’t provide the time to do the background work necessary to write the posts.

I'm going to miss this. Trade smart and always remember Rule 1 – nobody knows nothing – including me.

Goodbye friends.

204 comments:

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Anonymous said...

tesst

Anonymous said...

I found your sight outstanding...I even think I will make money I I use the 3 moving averages you have mentioned...incidentally I am using them with a five minute one day chart as I am a stock 5 hour max daily trader

Anonymous said...

I found your sight outstanding...I even think I will make money I I use the 3 moving averages you have mentioned...incidentally I am using them with a five minute one day chart as I am a stock 5 hour max daily trader

QUALITY STOCKS UNDER 5 DOLLARS said...

Great take on the condition of the market.

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