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

MARKET STATUS

BULL MARKET RECOVERY on 04 June 2019
SIGNIFICANT MOVE ABOVE 200MA

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

OSC: POSITIVE
T VOLUME Osc: POSITIVE

2019 POSITIONS

S/T BUY Signal at 2929 on 10 October
COVER Signal at 2915 on 09 October
S/T SELL Signal at 2915 on 08 October
S/T BUY Signal at 2936 on 04 October
COVER Signal at 2922 on 04 October
S/T SELL Signal at 2968 on 01 October
S/T BUY Signal at 2987 on 01 October
COVER Signal at 2876 on 30 September
S/T BUY Signal at 2983 on 30 September
COVER Signal at 2870 on 30 September
S/T SELL Signal at 2971 on 27 September
COVER Signal at 2879 on 26 September
S/T SELL Signal at 2967 on 26 September
COVER Signal at 2873 on 25 September
S/T SELL Signal at 2961 on 25 September
COVER Signal at 2889 on 24 September
S/T BUY Signal at 3004 on 24 September
COVER Signal at 2995 on 20 September
S/T BUY Signal at 2887 on 28 August
COVER Signal at 2873 on 28 August
S/T SELL Signal at 2879 on 27 August
S/T BUY Signal at 2894 on 27 August
S/T SELL Signal at 2889 on 23 August
COVER Signal at 2904 on 23 August
S/T BUY Signal at 2881 on 16 August
COVER Signal at 2867 on 16 August
S/T SELL Signal at 2885 on 14 August
S/T BUY Signal at 2912 on 13 August
COVER Signal at 2897 on 13 August
S/T SELL Signal at 2893 on 12 August
COVER Signal at 2902 on 12 August
S/T BUY Signal at 2909 on 08 August
COVER Signal at 2899 on 08 August
S/T SELL Signal at 2992 on 01 August
S/T BUY Signal at 3010 on 01 August
S/T SELL Signal at 2992 on 31 July
S/T BUY Signal at 2995 on 23 July
COVER Signal at 2988 on 19 July
S/T BUY Signal at 3004 on 19 July
COVER Signal at 2995 on 17 July
S/T BUY Signal at 2935 on 28 June
COVER Signal at 2928 on 25 June
S/T BUY Signal at 2779 on 04 June
S/T SELL Signal active below 2765 on 04 June
S/T SELL Signal active below 2779 on 03 June
S/T SELL Signal active below 2797 on 31 May
S/T SELL Signal active below 2805 on 30 May
COVER at 2783 on 29 May
S/T SELL Signal at 2782 on 29 May
COVER at 2816 on 23 May
S/T SELL Signal at 2825 on 23 May
S/T BUY Signal at 2860 on 21 May
COVER at 2840 on 20 May
S/T SELL Signal at 2838 on 20 May
S/T BUY Signal at 2862 on 16 May
COVER at 2884 on 07 May
S/T SELL Signal at 2905 on 07 May
S/T BUY Signal at 2935 on 03 May
COVER Signal at 2914 on 02 May
S/T SELL Signal at 2902 on 02 May
COVER Signal at 2929 on 01 May
S/T BUY Signal at 2827 on 29 March
COVER Signal at 2805 on 27 March
S/T SELL Signal at 2794 on 27 March
COVER Signal at 2808 on 27 March
S/T BUY Signal at 2822 on 27 March
COVER Signal at 2807 on 26 March
S/T BUY Signal at 2821 on 26 March
COVER at 2798 on 25 March
S/T SELL Signal at 2793 on 25 March
COVER at 2804 on 25 March
S/T SELL Signal at 2793 on 25 March
COVER Signal at 2825 on 22 March
S/T BUY Signal at 2770 on 11 March
COVER at 2748 on 07 March
S/T SELL Signal at 2761 on 07 March
COVER Signal at 2785 on 06 March
S/T BUY Signal at 2728 on 12 February
COVER Signal at 2711 on 07 February
S/T BUY Signal at 2483 on 04 January
COVER at 2448 on 03 January
S/T SELL Signal at 2471 on 03 January

HISTORY

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