Changes In My Coverage

I started this blog in November 2011. With the first year anniversary approaching I've looked through the blog content trying to estimate what material attracted more interest from the readers. There are not so many comments, but judging by the post statistics and emails I got, the most readers attention was paid to the S&P 500 analysis and some of my trades.

Respecting readers' preferences I am going to analyze an action in the SPX on a regular basis focusing on the P&F chart analysis. There is no shortage of the bar and candlestick SPX chart analysis in the internet but when I browsed through the net in searching for the quality P&F chart analysis I had problems to find it. P&F charts provide an analyst with objective, unambiguous price targets, buy and sell signals, support and resistance lines, so, I think, a look from the different angle will bring an additional value to readers.

To keep things more interesting I am changing the way I post my trades. I trade mostly options and my public trades didn't reflect the actual trades properly. So, after thorough consideration I have made the decision to allocate $5000 for the blog trading account. I am doing it for several reasons.
First, reading various technical blogs I am, always, interested how authors would implement their market technical forecasts. Have they put money on the line at all? It's not a secret that our perception of the market can change drastically depending whether we have a vested interest or not. If it is interesting to me, I assume, it is interesting to other people too.

Second, the real trades help to better understand analyst's time-frame and a time-point when his view on the market is changing. When I write that I am bullish on a stock in the intermediate term, it gives too little information to readers. When you see that I bought a stock and closed a trade after a while, you see clearly that my opinion regarding this stock was changed for some reasons.

Third, the blog track record will keep me accountable for my technical analysis, though I understand that a poor trade execution can undermine an otherwise good analytical work.

$5000 is the starting amount I am comfortable with to post my trades online. I am planning to write about a trade and a technical rationale behind it on the same day I enter or close a position. The summary of all trades you will see on the page "Blog's Trading Account". For calculating the account performance I will count the third Friday of the month (the last trading day before the option expiration) as the end of the month for the purpose of convenience.So, the December time span will start this Monday.

And last but not least, I'd like to thank you all who visited and found time to read my blog. As a sign of my appreciation I am going to make the intermediate and short-term P&F chart stock analysis upon your request from time to time, similar to the P&F chart analysis on the SPX. Actually, let's start right now. I will analyze the first three stocks of your choice. One stock per one reader, just type the stock symbol in the comment section.

Disclaimer: I express only my personal opinion on the market and do not provide any trading or financial advice (see Disclaimer on my site).