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April 27, 2013 at 11:57 PM (QQQ)(DIA)(SPY)(GLD)(FB)
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emini podcast, live trading room April 27, 2013 at 7:34 PM emini futures, emini podcast April 24, 2013 at 4:11 PM (QQQ)(DIA)(SPY)(GLD)(FB)
The answer to the question, lies in the STOP! On December 20th 2012, the unthinkable happened.. the S&P 500 Emini Futures dropped 45 points in a matter of minutes prompting me to pen a cautionary tale turned prime directive -
Stop Loss - Primary Tool For Successful Trading
That was then -
S&P 500 Mini Flash Crash 12/20/12
This is now -
S&P 500 Mini Flash Crash 04/23/12
Slightly less severe in its bone jarring intensity, but still enough to not only shake you out of your position, but possibly even your account. The real reason most traders are reluctant to use a stop is the one mentioned in the previous article. Nobody wants to be wrong, and as long as you're still in the trade, no matter how much it has gone against you, there's always the chance that you really were right, that it will come back and that feels so much better.
Feeling right is almost as dangerous as feeling wrong. Feelings have no place in the world of trading. It's never about being right or wrong. It's about using a high probability setup without emotion. No matter how smooth you are, even if you're the most interesting man in the world, the market is going to disagree with your opinion 30-40% of the time. The sooner you accept that, the sooner you'll build a successful Emini Trading Business.
The cheapest business insurance you will every buy is a hard stop, server side. Some day's the premium may pinch a bit, but the good news is, you'll still be in business tomorrow. Whether you choose to use a fixed number, market structure, dollar amount, or volatility ratio to determine your actual Stop, it must be more than just an idea. It must be a physical order, live on the server side of the broker you trade with.
Remember, a Professional Trader is not defined by how many contracts he trades, but by how he behaves in the market. Even when no one is looking...
Questions?
Call us toll free @ 866-928-3310 during normal business hours.
After Dark - email support@cfrn.net or call 415-857-5654
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April 23, 2013 at 11:55 PM (QQQ)(DIA)(SPY)(GLD)(FB)
Douglas Rushkoff coined the phrase "Social Currency" when Mark Zuckerberg was in 6th grade. He prophesied the Dot Com collapse at SWSX in 1997. Rushkoff is the author of 12 Bestsellers with diverse topics ranging from Judaism - An Open Source Religion, to Ecstacy. It's probably worth mentioning that Douglas spent several of his formative years defining and shaping culture with none other than the lovable and infamous, Dr. Timothy Leary.
From PBS Documentaries, to All Things Considered and even a stint as consultant to the United Nations, Rushkoff marks his territory in an unmistakeable manner. He shares the world as he sees it, as it could be, and as it really is. Three very distinct realities from the mind of one man.
"This is a wondrously thought-provoking book. Unlike other social theorists who either mindlessly decry or celebrate the digital age, Rushkoff explores how it has caused a focus on the immediate moment that can be both disorienting or energizing. In an era that seems intent on deleting the art of narrative, Rushkoff creates a compelling narrative of the way we now live."
– Walter Isaacson
In his new book, PRESENT SHOCK: When Everything Happens Now (Current; March 15, 2013), Rushkoff introduces the phenomenon of presentism, or – since most of us are finding it hard to adapt – presentshock. Alvin Toffler’s radical 1970 book, Future Shock, theorized that things were changing so fast we would soon lose the ability to cope. Rushkoff argues that the future is now and we’re contending with a fundamentally new challenge.
Wall Street traders no longer invest in a future; they expect profits off their algorithmic trades themselves, in the ultra-fast moment. Voters want immediate results from their politicians, having lost all sense of the historic time scale on which government functions. Kids txt during parties to find out if there’s something better happening in the moment, somewhere else.
Douglas Rushkoff
Click the headphones above and take your very own trip to the land of Rushkoff...
This interview also available on iTunes.
douglas rushkoff, present shock April 23, 2013 at 11:01 PM (QQQ)(DIA)(SPY)(GLD)(FB)
Today's interview with Steve White founder and developer of the Crackpot Cube was a welcome departure for our daily number crunching. The nexus of our conversation and the very nature of the Cube itself - communication. Have you ever felt that trying to get your message out was hopeless?
I often take for granted the desk and microphone I sit behind each day. With global reach, I'm in a unique position to create and influence culture. Most people are not. When our founding fathers campaigned for freedom of the press, it was done in a day and age when no one could dream the common man would actually someday have access to a functioning press.
Much has changed since then, but to this day, most people no matter how relevant their message, still have no platform. Michael Hyatt CEO of Thomas Nelson Publishers has written a best seller - Platform "Get noticed in a noisy world". In his book Michael details exactly who needs a platform and why. As I listened to Steve share his passion for the Crackpot Cube, I realized I could just as easily have been sitting across from the author of Platform. While their beliefs and ideals run almost perfectly parallel, what Steve and his team of developers are doing via the Cube is uniquely different. More than a concept, Crackpot Culture gives anyone with a message the hands-on ability to build their Platform today!
Click the headphones above, listen to the interview and then dash over to Crackpot Cube and give it a spin.
What is the crackpot.cube?
The proliferation of information technology in the 21st Century has positively transformed the way humans communicate. Unfortunately, it is increasingly obvious the digital world has devolved into an overly technical, impersonal and chaotic place, flooded w/ spam oriented-information sharing philosophies. The cube delivers your voice to your world. The cube is the ultimate multimedia platform, a perfect hybrid of functionality and personality. The cube is shrinking the concept of communication. There is no other product that allows its users to more acutely or creatively express themselves personally and professionally than the cube. Use it for business, use it personally as a living and interactive resume, use it for blogging purposes, or for all of the above and then some. The crackpot.cube is a blank canvas limited only by your imagination.
CRACKPOT.CUBE CAPABILITIES:
> Audio uploading from any device
> Image uploading and cropping from any device
> Video uploading (created on the fly or pre-recorded videos) from any device
> Articles, brochures, e-magazine creation, viewable on all devices
> e-Commerce for your business pleasure
> Tip jar for bloggers, non-profits and any other appropriate purpose
> Pirate Advertising--user controlled advertising, real-time ad revenue via barcode scanning
> Live links to users desired online location
> RSS feeds
> Click to call, text, email for direct communication w/ visitors of your cube
> Crackpot business cards--contact integration from cube to end user's personal contact list
> Crack the cube by text, email and to any social network of your choosing
YOUR VOICE. YOUR WORLD
Steve White, communication, crackpot cube 
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