A Year in Review

To put it bluntly, trading break-outs in 2006, compared to 2007, was like fishing in a salmon fish-farm. In 2007 we were thrown out into the Pacific Ocean. We've caught our share of break-outs this year but it took considerably more skill and effort than in 2006. Why? Who knows; the market goes in cycles and sometimes it's easy and sometimes it's hard.

In 2005-2006 we joked about just creating an ATS that would trade our picks from the night before and go on permanent vacation. For those two years, it actually would have worked out nicely. This year we probably wouldn't have made a dime.

The negative aspect was that trading was much less "fun" this year. At times it was downright depressing, especially since we had to pump out a newsletter, and sometimes weeks went by without a single set-up in the trading list (even though we usually have candidates in the watch-list).

The positive is that we are stronger traders. The paucity of set-ups has made us more resourceful, skillful, and generally sharper and hungrier. For example, in 2006 we mostly traded simple base and break patterns. This year, in order to pay the bills, we have had to use non-traditional type set-ups: trades with wider stops, trades to target areas, etc.

We'd like to thank our readers for their patience, input, and over-all positive outlook. We are in contact with many bloggers and subscribers (past and present) and would like to note how happy we are to have made contact with such interesting and kind people: traders such as Ugly, Richard, Bubs, Tyro, Wall St. Warrior, Nathan S, Scott F, Minja F, Richard Koza, Glenn, Lance S, Hashim A R, Jochen, Market Speculator, Susan M, Albert L, Barry S, Alan C, Chris J, Liz P, Ron C, and many others, make this job so much more rewarding.

Here is to a peaceful, healthy, happy, and prosperous 2008.

p.s. and yes, we'll make more effort in keeping the blog current :-)