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Sunday, January 4, 2009
Charles Kirkpatrick
Three charts that I found using a slightly modified version of the relative strength method described in Charles Kirkpatrick's new book Beating the Market:
Some Updates
Been updating the page to make it somewhat more professional. Added an about, contact, FAQ, and disclaimer page which will be linked to from the righthand side. Also, I have added a "delicious" bookmark app to the right-most sidebar, underneath the google ads. I'll add what I am reading at the moment over there.
More updates shortly.
More updates shortly.
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Disclaimer
I'm an amateur day and swing trader. I get my information from many talented people on the web (some shown in the links section), and through my own blood, sweat, and tears. Because of that, and the fact that I have only been doing this since March 2008, I strongly encourage you to do your own research before placing any money into the stock market. Unless of course you want it to be like roulette (Russian, perhaps?); in which case, ignore my posts and welcome to Vegas!
Basically...
Take responsibility for your own investments and trades. I am an amateur and make no guarantees and give no advice. This is for my own education and entertainment. If you want to use any information found here, please ask an acredited financial adviser who can legally suggest strategies. Thank you.
Basically...
Take responsibility for your own investments and trades. I am an amateur and make no guarantees and give no advice. This is for my own education and entertainment. If you want to use any information found here, please ask an acredited financial adviser who can legally suggest strategies. Thank you.
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About
I go by the moniker Complacent Panda. I discuss topics, largely, in the economics field, with some tangents into politics, art, philosophy, or whatever I find myself interested in at the moment. I am a full time student, who does part time tutoring (math, science, english, whatever).
Goal
The goal of this site is to guide and develop the skills necessary for trading in the stock market, the forex market, or on the options exchange. When I started, I felt that trading was quite possibly my best bet for making money based on a reward system.
'Blogging' History
I have been on the internet since I was in 7th grade and have been making websites since shortly thereafter. I began with a video game site which slowly developed into a rom/emulation site. At 13 I received my first advertisement check. After that I made myriads of small blog-esque sites that never developed into much. Before developing Complacent Panda, my last success occurred during high school. I designed a simple backend that allowed a group of friends to post random, original articles to a central location.
Investing History
Even before '08, back in '99/'00 I started a project in class on investing in the stock market. I chose to invest my virtual $100,000 into Cisco. At the end of the project I had more than doubled my money, planted the psychological seeds for future interest in investments, and was in first place for total profits. While the .com bubble would pop shortly after, because of my age (8th grade or so) I was largely unaware of the consequences--what really stuck in my mind were all the people around me making fortunes in Qualcom and other technology companies.
Most Recent Impetus
It wouldn't be until March of '08, during the Bear Stearns collapse, that I would become intensely interested in investing (talk about alliteration). After watching the disconnect between televised analysts (i.e. Jim Cramer apparently misleading people about Bear Stearns' solvency, Ben Stein stating the problems should be ignored due to their relatively small and insignificant size) and those on the internet (i.e. several competant people pulling large profits by shorting Bear Stearns, and purchasing it or strangles on it when it was around $2, and reaping large profits); I decided to do some research.
The Conclusion I Made
There had to be a way for people to have some idea of where the market was going. Despite my grandfather's constant warnings and televisions dramatic idiocy, someone out there had to know where the market would likely head. And if I could find those people, perhaps I could reap some profits of my own.
Final Summation
That's why I developed this site: to develop ideas that will assess the probability of the market moving in a certain direction and use those ideas to reap monetary rewards.
Goal
The goal of this site is to guide and develop the skills necessary for trading in the stock market, the forex market, or on the options exchange. When I started, I felt that trading was quite possibly my best bet for making money based on a reward system.
'Blogging' History
I have been on the internet since I was in 7th grade and have been making websites since shortly thereafter. I began with a video game site which slowly developed into a rom/emulation site. At 13 I received my first advertisement check. After that I made myriads of small blog-esque sites that never developed into much. Before developing Complacent Panda, my last success occurred during high school. I designed a simple backend that allowed a group of friends to post random, original articles to a central location.
Investing History
Even before '08, back in '99/'00 I started a project in class on investing in the stock market. I chose to invest my virtual $100,000 into Cisco. At the end of the project I had more than doubled my money, planted the psychological seeds for future interest in investments, and was in first place for total profits. While the .com bubble would pop shortly after, because of my age (8th grade or so) I was largely unaware of the consequences--what really stuck in my mind were all the people around me making fortunes in Qualcom and other technology companies.
Most Recent Impetus
It wouldn't be until March of '08, during the Bear Stearns collapse, that I would become intensely interested in investing (talk about alliteration). After watching the disconnect between televised analysts (i.e. Jim Cramer apparently misleading people about Bear Stearns' solvency, Ben Stein stating the problems should be ignored due to their relatively small and insignificant size) and those on the internet (i.e. several competant people pulling large profits by shorting Bear Stearns, and purchasing it or strangles on it when it was around $2, and reaping large profits); I decided to do some research.
The Conclusion I Made
There had to be a way for people to have some idea of where the market was going. Despite my grandfather's constant warnings and televisions dramatic idiocy, someone out there had to know where the market would likely head. And if I could find those people, perhaps I could reap some profits of my own.
Final Summation
That's why I developed this site: to develop ideas that will assess the probability of the market moving in a certain direction and use those ideas to reap monetary rewards.
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Contact Information
You can contact me via any of the following:
email: complacentpanda at gmail dot com (make the necessary substitutions)
twitter: http://twitter.com/complacentpanda
If a post focuses on what you'd like to discuss, please comment there. I receive an email whenever someone comments and will try to get back to you as soon as I can.
Thank you.
email: complacentpanda at gmail dot com (make the necessary substitutions)
twitter: http://twitter.com/complacentpanda
If a post focuses on what you'd like to discuss, please comment there. I receive an email whenever someone comments and will try to get back to you as soon as I can.
Thank you.
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FAQs
As I get asked more questions, I will update the below. Feel free to ask whatever is on your mind!
Q: Why the moniker Complacent Panda? Will you rename yourself when the market turns bullish?
A: I came up with the name one day and mentioned it to my brother. He liked it. I liked it as well, so I came up with several (yes, ad hoc) reasons as to why it is appropriate for a trading website.
1) On a long enough timeline, everyone's (including corporations, as they have been ruled to be entities) life expectancy drops to zero. While that could be interpreted as rather morbid or pessimistic, from my experiences with life and science, it does appear to be the truth. For instance, GE (General Electric) is the only company of the original thirty to still remain on the DOW. Or, in my general terms, think about all of the people you know over the age of 120. If you're like most people (or all), you do not know anyone. Well, corporations, while longer lasting, are similar to people. And similar to most all things. Everything submits to gravity, entropy affects everything.
Because of these "facts," I figure a bear would be a good moniker. Of course, it is nice when the market rallies, and things grow, develop, and evolve. So, I figure the bear must be pretty damn complacent most of the time. Hence, my choice of Complacent Panda. Because of this, no I will not change the name during bull markets. During bull markets, the panda is mostly sleeping and eating delicious bamboo.
2) I thought it would be a fairly ironic name. Mainstream media often associates Pandas with the Chinese. MSM also likes to say the Chinese will take over the world (and maybe they will; they do own a good portion of our debt--then again, that could work in our favor). Who would ever consider the Chinese to be complacent? Not I. On a side note, no, I am not asian.
3) I don't know. I like the first one the best. Maybe I will remember or think of some other reasons for the name at a later date.
Q: I have a question, how can I get a reply?
A: You can find my contact information on the contact page.
Q: Why the moniker Complacent Panda? Will you rename yourself when the market turns bullish?
A: I came up with the name one day and mentioned it to my brother. He liked it. I liked it as well, so I came up with several (yes, ad hoc) reasons as to why it is appropriate for a trading website.
1) On a long enough timeline, everyone's (including corporations, as they have been ruled to be entities) life expectancy drops to zero. While that could be interpreted as rather morbid or pessimistic, from my experiences with life and science, it does appear to be the truth. For instance, GE (General Electric) is the only company of the original thirty to still remain on the DOW. Or, in my general terms, think about all of the people you know over the age of 120. If you're like most people (or all), you do not know anyone. Well, corporations, while longer lasting, are similar to people. And similar to most all things. Everything submits to gravity, entropy affects everything.
Because of these "facts," I figure a bear would be a good moniker. Of course, it is nice when the market rallies, and things grow, develop, and evolve. So, I figure the bear must be pretty damn complacent most of the time. Hence, my choice of Complacent Panda. Because of this, no I will not change the name during bull markets. During bull markets, the panda is mostly sleeping and eating delicious bamboo.
2) I thought it would be a fairly ironic name. Mainstream media often associates Pandas with the Chinese. MSM also likes to say the Chinese will take over the world (and maybe they will; they do own a good portion of our debt--then again, that could work in our favor). Who would ever consider the Chinese to be complacent? Not I. On a side note, no, I am not asian.
3) I don't know. I like the first one the best. Maybe I will remember or think of some other reasons for the name at a later date.
Q: I have a question, how can I get a reply?
A: You can find my contact information on the contact page.
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Saturday, January 3, 2009
Stumbling Around
I'm still here. Been somewhat bummed by the rally (I should've listened to myself; I posted some comments in my COST puts post). It may not hold, but I definitely would not be surprised to see it do so. Quantifiable Edges has a post on how 1st weeks after a terrible year tend to do well.I have some charts on my other computer that I will post and comment on later. For the moment, I thought I would post this lovely picture. Ever since Dinosaur Trader brought StumbleUpon to my attention, I have been completely addicted. It offers much better content than any social internet program or site I have seen. I used it back in 05 or so, and it has definitely improved--not that this picture represents its best content =).
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