Created folder of Yale & MIT courses concerning economics & finance
Month: July 2022
Study Journal | 7.24.2022 | Sunday
In the process of creating layover of fed meetings & the Target Rate changes going back to 2000 to get an idea of how the FOMC affects the market. Overlaying these meetings on SPX chart, as this is the chart that goes back the farthest & the chart that I’ve…
Study Journal | 7.23.2022 | Saturday
Trying to contextualize the significance of Federal Funds Rates by mapping historical rate hikes & drops with SPX. Considering laying out color coded map onto SPX chart. Referencing this outline of rate changes The Discount rate is the rate that the fed charges commercial banks to borrow from the fed.…
Trade Journal | 7.21.2022 | Thu. | $292.90
Very proud of today. Had charted yesterday at some point a gap-ish zone on /ES where price had previously had an excessively steep drop off a few weeks or months ago and had yet to retrace the zone. Noted this, then on arriving at the office today, pulled up screen…
Charting Journal | 7.18.2022 | Monday
/ES approaching upper trendline of wedge, drew another trendline or wedge earlier to touch more points & this trendline has been broken, but second hasn’t caution should be exercised. Last wedge that played out was broken with far more strength & volume. Energy & Financials look to be the strongest…
Trade Journal | 7.18.2022 | Mon. | -$92.30
Started the day off on a bad note, recovered a considerable amount but still was down by the end. Did not exercise discipline, got in futures trade, got burnt, then got back in and made back enough to be close to break even, but still down $60 before fees. Could…
Study Journal | 7.17.2022 | Sunday
Option Hub You can’t control your emotions, but you can control your reactions. Must stop trading after two consecutive losses. Almost no trader will do well after this point. You must focus ONLY on your watchlist. Benzinga Pro for News. 90% of his trading style was scalping. Think of profits…
Study Journal | 7.16.2022 | Saturday
Sohn 2022 | John Collison in conversation with Stanley Druckenmiller 31:57 | “People ask me what I learned from George Soros—I thought when I went there I was going to learn what made the yen & the deutsche mark go up and down and that kind of thing, no—what I…
Charting Journal | 7.8.2022 | Friday
/ES looks to be forming & beginning to breakout of falling wedge on daily. “…with a Falling Wedge, the trader ordinarily can take his time about making his commitment for the ensuing rise.” Pg. 143 TAST Have to say I’m feeling tempted to try an options swing, but after reading…
Trade Journal | 7.6.2022 | Wed. | $23.10
Dangerous, irresponsible trading. Decent enough through the day but have problems taking losses. When I’m losing i am dangerous. I must curb this tendency. I’m good enough at tapering my energy when I’m doing well, but today, the only reason I’m green is because of a reckless play to test…
Charting Journal | 7.6.2022 | Wednesday
Considerable selloff in oil yesterday, tried to research & understand just how integral oil is to the economy and what it means for stocks. Looks like, in part because of the drop in oil, a few sectors ran & look poised to continue running, but beware consolidation. consumer staples looking…
Trade Journal | 7.5.2022 | Tue. | $14.70
Decent first day of the month, though I did not capitalize on large share of paper profits. This was frustrating, but I did hold the trade (JPM) appropriately & with conviction, so I can’t be too upset with my performance as it was in line with best practices. This was…
Charting Journal | 7.5.2022 | Tuesday
Incredible. Must determine if I can trade Micro E-Minis in premarket. My levels on /ES work out so frequently, with such consistency, that I feel frustration and a tinge of FOMO not trading them in some capacity. Technical patterns appear with abounding clarity on /es & more often than not…
Study Journal | 7.5.2022 | Tuesday
Question is how does oil affect inflation? What is the correlation between oil & inflation? What is the correlation between oil & the economy From what I’m learning, it seems to be just that everything runs on oil, to a heretofore unfathomably massive degree. The world is truly reliant on…
Study Journal | 7.3.2022 | Sunday
The margin is intrinsic in futures contracts. When you buy a future’s contract the margin is intrinsic in the contract size. For /ES it’s 50x margin. You must choose appropriate expiration contracts before trading. Inherent leverage. Setting up TOS for Futures Trading Video. Helpful in understanding active trader & more.…
Study Journal | 7.2.2022 | Saturday
Beginning to study futures in TOS Started with farmers, commodity producers. Farmers lock in a price for their goods in advance, offsetting risk. Hedgers. Airlines use futures to protect against rising costs of fuel. Buy contracts to lock in price. Speculators provide liquidity for the markets. They keep the market…
Study Journal | 7.1.2022 | Friday
Watching Stanley Druckenmiller Interview He says to determine state of economy & market, to gain insight into where things are heading to ‘Look at industries, which lead which lag & you put the puzzle together.’ Druckenmiller says inside of the stock market is Home Builders Stocks Trucking Stocks Retail Look…