Unemotional attitude

Since 2004 i had adopt a cold, unemotional attitude toward stocks.
I can't fall in love with stocks when they rose and I must not get angry when they fell.
There is no good or bad stocks, only rising and falling stocks.

Habit 3

Trade only with proven methods. Test before you trade. When applied consistently, most trading methods don't work. The conventional wisdom that you read in books is mostly ineffective.

Notice that authors never demonstrate the effectiveness of their methods. The best you can hope for is a few, well-chosen examples. The reasons for this is that they are lazy and their methods mostly do not work when tested rigorously.

You must be skeptical of everything you read. You must somehow acquire the ability to test any trading method you intend to use. The reliability of non-computerized testing is highly suspect. You must, therefore, use software that tests a particular approach or a variety of approaches.
You must learn the correct way to test and evaluate trading approaches.

Have a good approach. Follow the four cardinal rules of trading.
1) Trade with the trend.
2) Cut losses short.
3) Let profits run.
4) Manage risk.

These are well known cliches. Yet virtually all losing traders violate these rules consistently. Trading with the trend means buying strength and selling weakness. Most traders are more comfortable buying weakness and selling strength, the essence of top and bottom picking.

Trade good markets. Trend is your only edge. You must emphasize those markets which trend the best.
This will maximize your statistical edge over time.

Tieto Enator - På G ?

Är Tieto enator på G ? Price today : 206 SEK

Axfood på G ?

Mycket tyder på att Axfood kan få en upp trend nu :D

Framtiden får visa...
Price : 282.5 :-

Teach to fish ?

Give a man a fish and you feed him for a day. Teach him how to fish and you feed him for a lifetime.
Lao Tzu

Contact me - investbolaget (at) gmail.com - so we can discuss about trading. :D


“Don't waste time learning the 'tricks' of the trade. Instead, learn the trade.”

Habit 2

One other good habit to have is :
Be responsible for your own trading destiny. Analyze your trading behavior. Understand your own motivations. Traders come into trading with a view to making money. After awhile they find the trading process to be fascinating, entertaining and intellectually challenging. Pretty soon the motivation to make money becomes subordinated to the desire to have fun and meet the challenge. The more you trade to have fun and massage your ego, the more likely you are to lose. The kinds of trading behaviors that are the most entertaining are also the least effective. The more you can emphasize making money over having a good time, the more likely it is you will be successful.

Be wary of depending on others for your success. Most of the people you are likely to trust are probably not effective traders. For instance: brokers, gurus, advisors, system vendors, friends. There are exceptions, but not many. Depend on others only for clerical help or to support your own decision-making process.

Don't blame others for your failures. This is an easy trap to fall into. No matter what happens, you put yourself into the situation. Therefore, you are responsible for the ultimate result. Until you accept responsibility for everything, you will not be able to change your incorrect behaviors.

Qmed på G ?

Jag tror att QMED kan vara på G. ;)
Framtiden får visa
Price : 106.5 SEK

Market wizards

The Market Wizards books are written by Jack D. Schwager. He interviews a wide range of traders with excellent track records of profitability.

Read them and understand the process.
- Market Wizards: Interviews with Top Traders

- The New Market Wizards: Conversations with America's Top Traders

- Stock Market Wizards: Interviews with America's Top Stock Traders

Supervise 26-Mars-2007

I will supervise: ( My shortlist )

- Academedia.
- Active biotech.
- Alfa laval.
- Bringwell
- Effnet holding
- Electrolux
- El industri montage
- Geveko
- H&M
- Intellecta
- JM
- Kaupthing
- Kungsleden
- Latour investment
- Peab
- Precise Bio
- Ratos B
- SSAB B
- Stora Enso
- Volvo
- Worldwide brand

Expensive place

If you don't know who you are, the stock market is an expensive place to find out.
- Adam Smith

Sweco B :: 283.5 SEK

Sweco B
- resistance 286
- support around 277 SEK (Stop loss level)

I will buy if close over 286 SEK (more than 3 days) with stop loss

Worldwide Brand :: 443

Worldwide Brand
- resistance: Euh can you find one ? ;)
- support around 380 SEK (Stop loss level)

- Run the trend ?

Habit 1

One good habit to have is:
1. Understand the true realities of the markets.
2. Understand how money is made and what is possible.

The markets are what is called chaotic systems. Chaos theory is the mathematics of analyzing such non-linear, dynamic systems. According to Edgar Peters, author of Chaos and Order in The Capital Markets, mathematicians have conclusively shown the to be non-linear, dynamic systems. Among other things chaotic systems can produce results that look random, but are not. A chaotic market is not efficient, and long-term forecasting is impossible. Market price movement is highly random with a trend component.

Unsuccessful and frustrated traders want to believe there is an order to the markets.
Sad traders
1. think prices move in systematic ways that are highly disguised.
2. want to believe they can somehow acquire the "secret" to the price system that will give them an advantage.
3. think successful trading will result from highly effective methods of predicting future price direction.
4. have been falling for crackpot methods and systems since the markets started trading.

The truth is that the markets are not predictable except in the most general way.
Successful trading :
1. does not require effective prediction mechanisms.
2. involves following trends in whatever time frame you choose.
The trend is your edge. If you follow trends with proper money management methods and good market selection, you will make money in the long run. Good market selection refers to selecting good trending markets generally rather than selecting a particular situation likely to result in an immediate trend.

There are two related problems for traders.
1. following a good method with enough consistency to have a statistical edge.
2. following the method long enough for the edge to manifest itself.

Is daytrading nice ?

Here's what trading legend Larry Williams said about day trading: "If you're day trading, you're going to end up frying your brain. When you go home, you're not going to be a nice person to be around. I'm already not too a nice a guy to be around. So when I do a lot of that type of trading, who would want to be around me?

"All the day traders I talk with are losing money. The oscillators, the supposed support and resistance levels, all that other technical analysis stuff out there doesn't work very well in day trading. Plus I found I make more money by holding overnight and trading out of positions in the next day or two. If I've really got a strong signal, it should last for more than a few hours."

Gary Smith is the only person with a documented long-term success record in day trading. He made money consistently for over ten years. However, he trades relatively infrequently, maybe once or twice a week. "Successful day trading is not an everyday affair and not a multiple trade affair," he cautions. "Inexperienced day traders simply refuse to accept this." Gary's book, published by Reality Based Trading, is called Live the Dream by Profitably Day Trading Stock Futures.


If you want to be a successful trader, your best chance is with a long-term. If you must day trade, don't do it very often. The more you trade, the more likely it is you will lose.

Book :: Reminiscences of a Stock Operator

Do I need to say why you need to read Reminiscences of a Stock Operator ?
You are joking no ?

Start a portfolio today

Start a portfolio today ? Why not this one ?
-ALFALAVAL
-ATLAS COPCO
-AXIS
-CARDO
-HEXAGONB
-MODERN TIMES GRP
-MORPHIC
-NOBIA
-NORDEA BANK
-OEMINTL
-RAY SEARCH LAB
-SCANIA
-SEB BANKEN
-SWED BANK
-VOLVO

No ride yet for Ericsson.

Oops we have to wait for a new floor creation at 28.00 SEK. No ride this time.
Ericcson is not like ABB :(

Objectivity ....

Perhaps one of the most challenging skills in becoming a successful trader is Maintaining Objectivity in trades. While there are a variety of factors which contribute to you losing objectivity in a given situation, there is a clear and defined path you can follow to re-gaining it. Look Backwards.

More times than not, losing objectivity occurs when you micro-manage a situation. It may be in the form of watching the tape or over-thinking a position but in essence, you lose sight of the MACRO picture or WHY you were in the trade in the first place. As a result, you make poor decisions which generate poor results.

So ask you : "Why am I in this trade?"

Money management

Money management in trading involves specialized techniques combined with your own personal judgment. Failure to adhere to a sound money management program can leave you subject to a deadly “Risk-Of-Ruin” exposure and most probable equity bust.

With this in mind, here are a few essential money management techniques that can make a big difference for your bottom line:

1.Always Use Stops
2.Use A Proven And Tested Methodology For Calculating Stops Rather Than An Arbitrary Figure
3.Use A Proven And Tested Trading System
4.Pay Close Attention To Your “Trade Size” For Each Trade And Be Sure That You Take Into Consideration The “2% Risk Rules”
5.Never Exceed A 2% Risk (Of Your Trading Account Size) On Any Given Trade
6.Never Trade More Than A 2% Risk (Of Your Trading Account Size) In Any Given Sector
7.Never Exceed A 6% Risk (Of Your Trading Account Size) Over-All At Any Given Time
8.Always Trade With “Risk Capital” (Money You Can Afford To Lose)
9.Never Trade With Borrowed Money
10. Use “Scaling” Out Of Positions To Boost Your Percentages
11. In Most Cases, Be Sure Your Trading Account Size Is Not Greater Than 10% Of Your Total Net Worth
12. Develop “The Trader’s Mindset”

Diamonds ?

Do you own these stocks ? No roller coaster these stocks. Diamonds ?

1. CARDO
2. CLOETTA FAZER
3. WALLENSTAM
4. LJUNGBERG
5. BEIJER
6. PROTECTDATA
7. MILLICOM
8. ORCSOFTWARE

Ready for a ericsson ride ?

I'm ready for an ericsson ride now.
New floor on 28 SEK. Just wait and see and keep your stop-loss.

/// Quotes

Previous post : Ericsson wait

You need " Self-discipline" when you trade

Self-discipline is the ability to get yourself to take action regardless of your emotional state.
Trading is easy if you have a good trading system with rules and very strong self-discipline to follow the precise signals generated by the rules you wrote.

Locus of Control ?

Do you control your investments ?
Some people believe that they hold the power to control the outcome of their actions. Other people feel that the outcome of their actions is determined by external factors like newspapers or friends.

It is important to know when to buy, but know when to sell is more important !!

Risk Control

Risk Control: Cut losses, cut losses, cut losses, is the rule. This means that during periods of higher market volatility, your trading size is reduced. During losing periods, positions are reduced and trade size is cut back. The main objective is to preserve capital until more positive price trends reappear. Cutting losses is the way to stay in the game.

Stocks for christmas holiday ?

The stocks that I like for the time being.

• Axfood
• Axis
• Bergm & Beving
• Bilia
• Fabege
• H&M
• Intrum Just.
• Mekonomen
• Munters
• Nibe
• Peab
• Rederi Trans.
• Retail Brands
• SEB Bank
• Skanska
• Studsvik
• Wallestam

Merry Christmas ... Will spend my time in NY

ABB :: 115.25

ABB is like a dinosaur or a tanker. Difficult to change direction for ABB.
Now ABB is going up so I will trade it.

Result :: Supervise 1-Dec-2006

Check this stocks in the future

• Cardo: New uptrend ride ? ( yes )
  
• IBS: Is going up now ? ( yes )
• Jeeves: Return to uptrend ... ( yes )
• Kabe Husvagn: Uptrend now ? ( yes )
• Oxigene: Something soon ? ( yes )
• Ray search: Uptrend ? ( Not really )
• Sardus: Uptrend ? ( Not really )
• SAS: Mayday touch down ! ( Not really up now )
• Vostok: Up again ? ( yes )

Cardo :: 251

Cardo
- resistance around 274 ( Not so strong).
- support around 231 SEK (Stop loss level) to low for me ....

- Buy with stop loss of cource ;) ( Price today 251 SEK)

Mekonomen :: 107.5

Jeeves
- resistance None.
- support around 100 SEK (Stop loss level)

- Buy with stop loss of cource ;) ( Price today 107.5 SEK)

Jeeves :: 86

Jeeves
- resistance 86.5
- support around 83 SEK (Stop loss level)

- Buy if close over 86.5 for 2 days ( Price today 86 SEK)

Result :: Supervise 24-Nov-2006

Check this stocks in the future

• Ballingslöv: start of an uptrend ? ( Maybe )
  
• Bila: Ooops downtrend warning ... (Create a ressistance at 105 )
  
• BioInvent: start of an uptrend ? ( Yes )
  
• Clas Ohlson: downtrend warning ... ( Yes but not so strong )
  
• Getinge: downtrend warning... ( Yes )
  
• IBS: Start a new trend ? ( Yes )
  
• Know: is gone ... ( Yes )
  
• Munters: Uptrend ? ( Yes )
  
• Oxigene: Uptrend ? ( Yes )
  
• Poolia: Down, down... ( Yes )
  
• Sigma: Uptrend ? ( Yes )
  
• Teligent: go for it ? ( Not so strong )
  

Supervise 1-dec-2006

Check this stocks in the future

• Cardo: New uptrend ride ?
• IBS: Is going up now ?
• Jeeves: Return to uptrend ...
• Kabe Husvagn: Uptrend now ?
• Oxigene: Something soon ?
• Ray search: Uptrend ?
• Sardus: Uptrend ?
• SAS: Mayday touch down !
• Vostok: Up again ?
  

Intellecta B :: 44.8

Intellecta B

- resistance None
- support around 43.5 SEK (Stop loss level)

- Buy with stop loss ( Price today 44.8 SEK)

Rörvik Timber :: 33.70

Rörvik Timber
- resistance 35.3 or 35.7
- support around 29, 33.5 SEK (Stop loss level)

- Buy if close over 35.7 ( Price today 33.7 SEK)

BioInvent : 7.6

Bioinvent
- resistance 8.0 and 8.4
- support around 6.3 SEK (Stop loss level)

- Run the trend ?

Portfolio the 28-11-2006

Stocks Risky in the Short Run

In the long run, the stock market offers your best chance for accumulating a comfortable nest egg for retirement, but it is not without its risks.

One portfolio you can have without to much "gastric ulcer" is :

• Axfood
• Beijer
• Bergman and B.
• Brinova
• Millicom
• Modul 1
• Nefab
• Orc sw

The nature of the market is that it will go up and it will go down.

Modul 1 :: 1.00

Modul 1
- resistance None
- support around 0.87 SEK (Stop loss level)

- Buy with stop loss ( Price today 1.00 SEK)

Watch your stop-loss

An order placed with a broker to sell a security when it reaches a certain price. It is designed to limit an investor's loss on a security position.

Also known as a "stop order" or "stop-market order".

In other words, setting a stop-loss order for 10% below the price you paid for the stock would limit your loss to 10%.

It's also a great idea to use a stop order before you leave for holidays or enter a situation in which you will be unable to watch your stocks for an extended period of time.

A stop-loss order is such a simple little tool, yet so many investors fail to use it. Whether to prevent excessive losses or to lock in profits, nearly all investing styles can benefit from this trade. Think of a stop loss as an insurance policy: you hope you never have to use it, but it's good to know you have the protection should you need it.

Being wrong is acceptable.

Being wrong is acceptable. But staying wrong is totally unacceptable. Being wrong isn’t a choice, but staying wrong is. To play any game successfully, you have to have some skill, an edge, but beyond that it is money management. Good traders manage the downside; they don’t worry the upside. -
MARK MINERVINI

Result :: Supervise 17-Nov-2006

Supervise 17-Nov-2006

Check this stocks in the future

• Alfa laval: end of the uptrend ? ( Yes down trend now)
  
• Bilia: start of an uptrend ? ( Nope)
  
• IBS: end of the downtrens ? ( Probably )
  
• Meda: sell under 204 if not before :D ( Nothing )
  
• Mekonomen: start of an uptrend ? ( Yes )
  
• Protect data: end of the uptrend ? ( Nope )
  
• Retail and brands: start of an uptrend ? ( Yes )
  
• Telia: need to close over 55 SEK, for some days before buying again. ( Nothing )
  

Orginal message

Supervise 24-Nov-2006

Check this stocks in the future

• Ballingslöv: start of an uptrend ?
• Bila: Ooops down trend warning ...
• BioInvent: start of an uptrend ?
• Clas Ohlson: downtrend warning ...
• Getinge: downtrend warning...
• IBS: Start a new trend ?
• Know: is gone ...
• Munters: Uptrend ?
• Oxigene: Uptrend ?
• Poolia: Down, down...
• Sigma: Uptrend ?
• Teligent: go for it ?
  

Oxigene :: 32.10

Oxigene
- resistance None
- support around 29.5 SEK (Stop loss level)

- Buy with stop loss ( Price today 32.1 SEK)

Munters :: Today 293

Munters
- resistance 300 Sek
- support around 290 SEK (Stop loss level)

- Buy if close over 300 SEK (more than 3 days) with stop loss ( Price today 293 )

Rottneros :: 7.20

Rottneros
- resistance None
- support around 7 SEK (Stop loss level)

- Buy with stop loss ?

Bergman&Beving : 177 SEK

Bergman&Beving
- resistance none
- support around 163.5 SEK (Stop loss level)

- I like this trend....

Supervise 17-Nov-2006

Check this stocks in the future

• Alfa laval: end of the uptrend ?
  
• Bilia: start of an uptrend ?
  
• IBS: end of the downtrens ?
• Meda: sell under 204 if not before :D
  
• Mekonomen: start of an uptrend ?
• Protect data: end of the uptrend ?
  
• Retail and brands: start of an uptrend ?
• Telia: need to close over 55 SEK, for some days before buying again.
  

Alfa Laval : 278.

Alfa laval
- resistance 288 Sek
- support around 272-273 SEK (Stop loss level)

- Take your profit ?

Q-Med

Q-Med
- resistance 104 Sek
- support around 95 SEK (Stop loss level)

- Wait for confirmation, Maybe downtrend for Q-Med

Addtech : Today 127.5

Addtech
- resistance none
- support around 117 SEK (Stop loss level)

- Buy with stop loss ( Price today 127.5 )

Cardo : Today 227.5

Cardo
- resistance 227.5 SEK
- support around 211 SEK (Stop loss level)

- Buy if close over 227.5 with stop loss ( Price today 227.5 )

Check Astra Zeneca

Astra Zeneca is in a down trend.
Will the trend end soon

Check the AZN quote

Jeeves : Today 81.30

Jeeves
- resistance None
- support around 77 SEK (Stop loss level)

- Buy stop loss ( Price today 81.3)

Altas Copco B : Today 210

Altas Copco B
- resistance 210.5 SEK
- support around 199 SEK (Stop loss level)

- Buy if close over 210.5 with stop loss ( Price today 210)

Telia Sonera

Telia Sonera
- resistance 55 :-
- support around 52.5 SEK (Stop loss level)

- Price today 52.75

Telia on this site

Bergs Timber, Today : 28.4

Bergs Timber
- resistance 29 :-
- support around 27.6 SEK (Stop loss level)

- Buy with stop loss if close over 29 ( Price today 28.4 )

Expanda b / Today : 78 SEK

Expanda B
- resistance none
- support around 73,25 SEK (Stop loss level)

- Buy with stop loss ( Price today 78)

Fabege / Today : 174 SEK

Fabege
- resistance None
- support around 170 SEK (Stop loss level)

- Buy with stop loss

Stockholm Checklist Buy candidats

- Alfa laval
- Expanda
- Fabege
- Lagercrantz
- Poolia
- Skistar
- Telia
- Rörvik Timber
- Worldwide Brand Management
- Uniflex
- Meda

Ericsson B / Stockholm

Strong ressistance at 28 SEK since May 2006.

Wait before buy.

Meda A

Meda A
- resistance around 160 SEK
- support around 145 SEK (Stop loss level)

- Buy with stop loss

Opcon

Opcon
Something happends. Supervise this one.

Getinge

Getinge B
- resistance around 137.5 SEK
- support around 130 and 134.5 SEK (Stop loss level)

- Buy with stop loss if close over 137.5

Munters

Munters
- resistance around 297 SEK
- support around 282 or 285 SEK (Stop loss level)

- Buy if close over 297

Scania B

Scania B
- resistance around 356 SEK
- support around 345 SEK (Stop loss level)

- Buy with stop loss if close over 356

Clas Ohlson

Clas Ohlson
- resistance :none
- support around 155 and 152.5 SEK (Stop loss level)

- Buy with stop loss

Eniro

Eniro
- resistance around 86.25 SEK
- support around 83.5 SEK (Stop loss level)

- Buy if over 86.25

Finger Print

Finger Print
- resistance None
- support around 26.7 SEK (Stop loss level)

- Buy

Telia

Telia Sonera.
- resistance around 43 SEK
- support around 39.2 & 40.1 SEK (Stop loss level)

- Advance / Buy

Billerud

Billerud.
- resistance 113-114 SEK
- support around 104 SEK (Stop loss level)

- Advance trend

ABB

ABB.

- resistance around 94.5 SEK
- support around 90.5 SEK (Stop loss level)

- Probably decline ahead.

WM Data

WM Data.
- resistance around 24.30 SEK

- Maybe soon downtrend

ProfilGruppen

Profilgruppen.
- resistance around 85.2 SEK
- support around 79.6 SEK (Stop loss level)

-Buy if close over 85.2 SEK

Meda

Meda.
- resistance around 153 SEK
- support around 146 and 132 SEK (Stop loss level)

-Buy if close over 153 SEK

Astra Zeneca

Astra Zeneca.
- resistance around 420 SEK
- support around 410 SEK (Stop loss level)

-Buy if close over 420 SEK

Addvise Inredning

Addvise Inredning
-Support: 16.5

-Buy

BioPhausia

BioPhausia
- resistance: None
- support: 3.1 / 2.9 and 2.8

- Buy

Weekly winner.

Sectra B

- Resistance at 63.5
- Support at 51.8

Buy if price over 63.5



Eniro
-Resistance at 80.0 and 85.0

Ericsson B

Ericsson B
-resistance around 24.9 and 26.1
-strong resistance at 28 SEK.

Boliden

Boliden
resistance around 145 and 163 SEK.

VOSTOK NAFTA SDR

VOSTOK NAFTA SDR
1- resistance around 541 SEK.
2- strong resistance at 560 SEK.

Learn to be rich - 1

One of my first advice to someone that ask me "How do you learn to earn a lot of money ?" is :
1- Learn to double 1$ before you learn to double 100 000 $.

Double up 1$ then 2$,4$,8$, ... is not so easy.
You will have a lot of failures but as you know "Failure is success if we learn from it."