FYI - DOW closes at 9605 on the Anniversary of 9/11 by: Kerry

Did anyone notice that the DOW closed at 9605 today? What is significant about this close?

It is not so significant other than on September 10, 2001 the day before the tragic 9/11 attacks occurred. The DOW closed at 9605.

Top Ten Ways to Lose Money by: Kerry

Everyone has a Top Ten….. Here is top ten ways to lose money trading. Add some additional ways if you like.

1. No Specific Trade Plan or System, trading impulsively.
2. Trading a New System/Strategy without knowing its expectancy. Do not back test or forward test, trading on blind faith.
3. Un-realistic expectations, looking for get rich quick systems and searching for the Holy Grail. Looking to trade for the wrong reasons.
4. Trading too large a size for the account. (#3 feeds #4)
5. Making too many trades for the account size. Trading is boring many times and most people want to be entertained.
6. Trading on hope rather than accepting the markets actions. The market will do whatever it is going to do, regardless of your thoughts, hopes, and dreams.
7. Un-willingness to accept a small loss. All large losses begin as a small loss.
8. Letting winners turn into losers. Only believers in Buy and Hold strategy should never sell. A profit cannot be taken unless you are willing to potentially leave some money on the table.
9. Un-willing to scratch a trade when the trade is not working as planned, the trader switches to #6.
10. Not reviewing past performance and learn from mistakes. Do not expect different results if you keep doing the same mistakes over and over. Keep doing what you are doing and you will most likely keep getting what you are getting.

DOW and RSI - by Kerry

As a follow up here is the DOW since 1920 and the Monthly RSI

Kerry