Notes on Day Trading

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“Simplicity is the ultimate sophistication.”
- Leonardo da Vinci

“Imagination is more important than knowledge”
- Albert Einstein

“All of our days are numbered. We can not afford to be idle. To act on a bad idea is better than to not act at all because the worth of the idea never becomes apparent until you do it. Sometimes this idea can be the smallest thing in the world; a little flame that you hunch over and cup with your hand and pray will not be extinguished by all the storm that howls about it. If you can hold on to that flame, great things can be constructed around it; things that are massive and powerful and world changing. All held up by the tiniest of ideas.”
- Nick Cave, 20,000 days on Earth

STATUS

LONG TERM (Monthly): BULLISH
MEDIUM TERM (Weekly): BULLISH
SHORT TERM (Daily): S/T BUY SIGNAL

T VOLUME Osc: NEGATIVE
OSC: NEGATIVE

2021 POSITIONS

(All numbers refer to SPX)
S/T BUY Signal at 4220 on 21 June
COVER Short Signal at 4185 on 18 June
S/T SELL Signal at 4185 on 18 June
COVER Short Signal at 4215 on 17 June
S/T SELL Signal at 4198 on 17 June
COVER Signal at 4231 on 16 June
S/T BUY Signal at 4144 on 20 May
S/T SELL Signal active below 4118 on 19 May
COVER Signal at 4141 on 18 May
S/T BUY Signal at 4142 on 14 May
S/T SELL Signal active below 4167 on 11 May
COVER Signal at 4190 on 10 May
S/T BUY Signal at 4186 on 06 May
COVER SHORT Signal at 4153 on 06 May
S/T SELL Signal at 4153 on 06 May
COVER SHORT Signal at 4144 on 04 May
S/T SELL Signal at 4144 on 04 May
COVER Signal at 4170 on 04 May
S/T BUY Signal at 4160 on 22 April
COVER Signal at 4146 on 22 April
S/T BUY Signal at 4159 on 21 April
COVER Signal at 4145 on 20 April
S/T BUY Signal at 3927 on 26 March
COVER Short Signal at 3882 on 25 March
S/T SELL Signal at 3882 on 25 March
COVER Signal at 3935 on 24 March
S/T BUY Signal at 3935 on 24 March
COVER Signal at 3923 on 23 March
S/T BUY Signal at 3940 on 22 March
COVER Signal at 3940 on 18 March
S/T BUY Signal at 3835 on 05 March
COVER SHORT Signal at 3816 on 05 March
S/T SELL Signal at 3846 on 03 March
COVER Signal at 3861 on 03 March
S/T BUY Signal at 3870 on 01 March
S/T SELL Signal at 3862 on 25 February
COVER Signal at 3895 on 25 February
S/T BUY Signal at 3902 on 24 February
COVER Signal at 3857 on 23 February
S/T SELL Signal at 3857 on 23 February
COVER Signal at 3910 on 19 February
S/T BUY Signal at 3817 on 02 February
COVER Signal at 3773 on 01 February
S/T BUY Signal at 3783 on 01 February
COVER Short Signal at 3764 on 01 February
S/T SELL Signal active below 3785 on 29 January
COVER Signal at 3821 on 28 January
S/T BUY Signal at 3821 on 28 January
COVER Short Signal at 3781 on 28 January
S/T SELL Signal at 3781 on 27 January
S/T BUY Signal at 3796 on 19 January
COVER Signal at 3783 on 15 January
S/T BUY Signal at 3732 on 06 January
COVER Signal at 3731 on 05 January
S/T BUY Signal at 3731 on 05 January
COVER Signal at 3690 on 04 January
S/T SELL Signal at 3690 on 04 January
COVER Signal at 3723 on 04 January
S/T BUY Signal at 3702 on 24 December

HISTORY

2021 POSITIONS

2020 POSITIONS

2019 POSITIONS

2018 POSITIONS

2017 POSITIONS

2016 POSITIONS

2015 POSITIONS

2014 POSITIONS

2013 POSITIONS

MISSION

It has been my Mission to create a simple but effective method for investing in the stock market, so that I would always know what to do regardless of the circumstances.
The result is a rigorous system which allows the market to tell you what to do, when to Buy, when to Hold, when to Cover, and when to Sell, and it removes the need for you to have any opinion whatsoever.
And so, I present to you the diary of my personal trading system, and a record of the signals that it is producing. You are welcome to follow me along but please understand that the information posted here is for entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

Please sign up for my occasional FREE REPORTS and if you would like to find out more and receive my email alerts and more detailed observations, please SIGN UP HERE

TOOLBOX

T Theory Volume Oscillator
Terry Laundry's Magic T Volume oscillator

WSJ Market Data Center
Advanced / Decline Volumes

ARMS Index (TRIN)

SKEW
Black Swan indicator

CPCE
CBOE Equity PUT/Call Ratio

CPC
CBOE Total PUT/Call Ratio

NYMO
NYSE McClellan Oscillator

VIX
Volatility Index

VVIX
Volatility of Volatility Index

RECOMMENDED WEBSITES

Bob Karrow: Stock Market Observations
A fantastic resource with great insights from Bob Karrow and includes an extensive archive of Terry Laundry T Theory observations

GUNNER24 Forecasts
Fascinating Gann based analysis

Finviz
Very useful portfolio and stock screener

Stockcharts
Fantastic Charting resource

MORE RECOMMENDED READING

Reminiscences of a Stock Operator: Annotated Edition by Jon D. Markman

With new commentary and Insights on the life and times of Jesse Livermore Reminiscences of a Stock Operator is the fictionalized biography of perhaps the most famous financial speculator of all time–Jesse Livermore. This annotated edition bridges the gap between Edwin Lefevre′s fictionalized account of Livermore′s life and the actual, historical events, places, and people that populate the book. It also describes the variety of trading approaches Livermore used throughout his life and analyzes his psychological development as a trader and the lessons gained through hard experiences.

“In the end, I’m not interested in that which I fully understand. The words I have written over the years are just a veneer. There are truths that lie beneath the surface of the words... truths that rise up without warning, like the humps of a sea monster and then disappear. What performance and song is to me is finding a way to tempt the monster to the surface, to create a space, where the creature can break through what is real and what is known to us. This shimmering space where imagination and reality intersect... this is where all love and tears and joy exist. This is the place. This is where we live.”
- Nick Cave, 20,000 days on Earth

“If you're going to try, go all the way. Otherwise, don't even start. This could mean losing girlfriends, wives, relatives and maybe even your mind. It could mean not eating for three or four days. It could mean freezing on a park bench. It could mean jail. It could mean derision. It could mean mockery--isolation. Isolation is the gift. All the others are a test of your endurance, of how much you really want to do it. And, you'll do it, despite rejection and the worst odds. And it will be better than anything else you can imagine. If you're going to try, go all the way. There is no other feeling like that. You will be alone with the gods, and the nights will flame with fire. You will ride life straight to perfect laughter. It's the only good fight there is.”
- Charles Bukowski, Factotum, 1975

“The mind is a glass floor.
The mind is the spirit’s tear.
The mind is our prior and subsequent ghost.
The mind is the Bullion Express and the blood on the tracks.
The mind is a stone door.
The silver on the backs of mirrors.
The wave that defines the coast.
It’s what the drunk grave robbers couldn’t stuff in their sacks.
The mind is the sum of all and more.
The spasm between one and zero in the Calendar of Black-Hole Years.
The contract between the lash and the whipping post.
A quilt of dreams stitched with facts.
A meaningless argument among whores.
Rain that keeps falling when the sky clears.
A masquerade party, guest and host.
A candlelit landscape of puddled wax.
The mind is what thought is for.
The parking lot at the Mall of Fears.
The fire-pit for the piggy roast.
What the soul surrendered and won’t take back.
The mind is neither either nor or.
The real center of an empty sphere.”
- Jim Dodge, Stone Junction, 1990

The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. This new version is the past and no different past can ever have existed. In principle the war effort is always planned to keep society on the brink of starvation. The war is waged by the ruling group against its own subjects and its object is not the victory over either Eurasia or East Asia, but to keep the very structure of society intact.
- George Orwell

Trading the Line