New Trading Outlook

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

I just finished reading Trade Your Way To Financial Freedom by Van K. Tharp. Great read, and it really opened my eyes to several mistakes I am making in my trading – which is why my account is left open to so many major losses. This is dangerous when trading with limited capital, as I […]

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Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value 11/12/07 Long 2 DEC 07 Australian Dlr 0.8795 0.8804 $180.00 11/16/07 Long 1 DEC 07 Australian Dlr 0.8850 0.8804 ($460.00) 11/01/07 Long 2 DEC 07 Australian Dlr 0.9135 0.8804 ($6,620.00) 11/09/07 Long 1 DEC 07 Australian Dlr 0.9138 0.8804 ($3,340.00) 11/09/07 […]

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It’s a fool’s game to try and pick the exact moment of the turnaround. I prefer to stay on the sidelines right now until the gold correction is through. If you believe it is still a bull market in gold, there will be plenty of money to be made on the next upswing. If gold […]

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In case you missed it, the Aussie $ got trashed during Monday’s dollar rally and carry trade unwinding. It was off about 4% on the day – ouch! I personally had to scale back some other positions in order to stay liquid through it. Was something I’ve been meaning to do anyway – needed to […]

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The long term outlook for gold looks quite promising. First, from Agora Financial’s 5 Min. Forecast: Open interest in NYMEX’s (COMEX) gold futures contracts breached an all-time high of 500,000 this week. Never have so many traders been betting for — or against — gold than right now. So… you might ask… where’s the smart […]

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About Author

Brett

Hi, I’m Brett Owens – and I’m a financial junkie. My “problem” started incollege, when I got a little dose of the stock market – man, was I hooked…in no time, I was reading the Wall Street Journal religously.

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