rules are important

Hi readers

Yesterday for the first time in about 3 years I started seeing professional money being seriously stopped out of positions.
This is a wonderful thing as they are going to have to buy the market back later on to get back in.
The idea that money sits on the sidelines for more 60 days is crap..
No fund manager can sit on the sidelines while the market moves in  either direction.
Media spin out the crap to entertain the public.
If any fund manager has more than 5% allocated to cash they will quickly see his allocation taken away from them by either client or superior.
Not many will tolerate managers holding there money and charging 2% management fees.

Yesterday also I had a lot of fun.
I thought I'd help readers who trade the futures markets with astrological timing.
I believe it was
9 from Australia
3 from New Zealand
3 from United States
4 from Singapore

All did quiet well and made some good money.
I guess sometimes it's good to have a tutor around to help out, as trading is a very lonely game.
Yes Twitter is out there for all to communicate but sometimes people I guess fear asking question which to others would sound stupid but to them it's important.
End result everyone made money, some more than others .
But the objective was to help out and give confidence to those who need it in a skidish market.
Maybe next time will do it in Skype so it's instant, instead of emailing around .
Also I will charge for it and donate that to charities.
It was just an experiment
As I doubt that those involved donated anything.
Which is fine, it is what it is I guess.

The one thing I got out of it,is that not many have rules for trading .
I don't know if people just didn't want to express them but the feed back I got was there isn't any restraint to a trade, in the event it goes wrong.
This is vitally important if you want to survive and make money.
Think of it this way .
If you speed in a 60 zone 75 and get caught you'll pay a $200+ fine to the government for speeding.

In trading if you over trade or margin yourself beyond comfortable levels you'll loose money so why do it ..
There has to be some sort of guidelines which has to be followed.
What that is ,must be work out by you the trader.
I could post one out why would you want to follow it as it won't sit right with you.
Something to think about or you won't be lasting long in this game people.
Markets don't always agree with anything you do, wether it's astrology or technical or numerology.

Example last week I lost a bucket on the NQ trade.
Now if I did what some  readers do my account would be destroyed.
Trading is like a poker game you need first to survive and then make money.
Get it right and you can buy new cars weekly so to speak.
Rules are in place to protect you from making bad trades and to limit your losses.
Something to think about guys

Be patient

Hi readers

As you can see markets are in a tail spin at the present time and while many retail would be panicking over what's going on the smart money is looking at value.
While easierly said than done look at the market and the current valuations.
Stocks that have fallen badly could be good value for long term investments ..
Long term investments are 3-5 years, not weeks.
The banks are still well overvalued at the present time, and I don't think the unknowns have been answered either.
In the energy sector as I said before its all about bankrupting shale oil, nothing else.
With Iran now coming into the market expect oil to trade under $20 soon.
Iron ore is the same game, the amount of mine coming on line around the world including in China is huge yet prices are still around $35-40... That will come down to under $20 before mines start seriously closing.
What that will do to the Australian economy and its people is wake them up from the illusions of living on the Chinese growth.
China's only interest is China not Australia.
So it time for the government to stop the welfare empire from growing and move to the European system.
Assistance for 6 months and then your on your own.
That's the only way the people will learn to save for a rainy day.
This 3 generations on welfare is ridiculous.
It's no wonder people try and hide funds overseas and not pay tax.
As the great Kerry Packer once said.
"I don't mind paying tax if you (the government) spent it wisely".
Today report came out that  the top 1% own more wealth that the 99% of us..what a said fact.

On the political front.. Hilary got some media competion in Bernie Sanders. That's healthy.
Hilary just need to be smart and not do anything stupid like Donald.

Is Donald flexing his muscles at the Republician party and it's processes.
Going after the preferred candidates and making them look stupid.
Wether Ted Cruz can run or not the end result is he has burn himself, with the comment made about New Yorkers, taking loans from Investment banks.
Sunshine there is no way people are going to vote for him after that information surfaced.
So the only serious runners are again Trump the time bomb, the surgeon, and the politician.
I'm still backing the surgeon.

In the NFL well the packers where ok but we just couldn't hold out as I was hoping we could with the injuries we had.. Good effort by the boys but need to seriously do some running back recruiting.

Now I'm watching OBE one..
They are coming from a long way back but deserve to and should make it.
Big Ben is just that the big show, until the Bronco's move on Manning this games is for the steelers to loose.
Manning was a good Quarterback, but can't hit a target consistantly more than 20 yards.
Current score as this is written up
0-6 Broncos.

In small cap stocks people you tend to find retail money freak out and sell all winning trades while holding losses.
Set your prices or wait for it to settle down before entering the market.
A lower $A increases Farm Prides profitability. Remember that