Skistar på G ?

I think Skistar can be interesting soon.
Price today now : 116,75 SEK

Trading mindset ...

Developing “The Trader’s Mindset” is a must for trading success and this takes time.
There is no short cut or learn a formula trick. You usually develop it by actually trading and the experiences you gain from trading.

Your head can stop you on the road to the "trader's mindset".
Here is why :

• Fear to take loss: Your ego is at stake. You cannot take another loss.
• Exit to early : Anxiety by closing a position. Fear of position reversing and then feeling let down. Need for instant gratification ?
• Doubling down: Your trading is wrong but you can not accept it and you buy more. Your ego is at stake.
• Not taking responsibility for your trade: No control or responsibility for the trade. Inability to accept the present reality of the market place.
• I'm in the game: I want to play and gamble Needing to feel you are in the game.

Soon more .... stay tuned

Darvas Oh Darvas !!

He turned $25,000 into $2,25 million by scanning the newspapers in just five minutes during the late night early morning period. He himself said it wasn't so much the amount of money he made that pleased him but the ease and peace of mind it was achieved.

Nice book and funny to read ;)
How I Made $2,000,000 In The Stock Market

101 Trends Every Investor Should Know About The Global Economy

Source of information regarding trading fundamentals in global markets, especially for beginning FOREX traders.

101 Trends Every Investor Should Know About The Global Economy

Trading for living ?

Successful trading is based on the three M's - Mind, Method and Money. In Trading For A Living Dr Elder taught you how to combine personal discipline with finding the best trades and safe money management.

Trading for a Living: Psychology, Trading Tactics, Money Management

Japanese Candlestick Charting Techniques

The candelstick techniques we use today originated in the style of technical charting used by the Japanese for over 100 years before the West developed the bar and point and figure analysis systems. In the 1700s a Japanese man named Homma, a trader in the futures market, discovered that, although there was a link between price and the supply and demand of rice, the markets were strongly influenced by the emotions of the traders. He understood that when emotions played into the equation a vast difference between the value and the price of rice occurred. This difference between the value and the price is as applicable to stocks today as it was to rice in Japan centuries ago. The principles established by Homma are the basis for the candlestick chart analysis, which is used to measure market emotions towards a stock.

Japanese Candlestick Charting Techniques, Second Edition

Technical Analysis of Stock Trends

The classic work that lays the groundwork and sets the standards for technical investors.

Technical Analysis of Stock Trends, 8th Edition

På G Club :: 18-May-2007

På G club check 18-May-2007

The G club
- Telelogic: 14.95 -> 16.3 SEK
- Oriflame: 279 -> 337.5 SEK
- Tieto Enator: 206 -> 217 SEK
- QMED: 106.5 -> 108.5 SEK
- Munters: 319.5 -> 107.5 SEK (split 1:3 Buy price is : 106.5)
- Trelleborg: 192.5 -> 210.5 SEK
- Consilium: 44,80 -> 54 SEK

Check this 18-May-2007

During next week I will check:

• Academedia
• Addtech
• Alfalaval
• Angpanneför
• Artimplant
• Axis
• Beijer
• Bergstimber
• Betsson
• Biogaia
• Bossmedia
• Bureequity
• Cybercomgroupeu
• Hexagon
• Icmlogistik
• Impactcoatings
• Inwarehouse
• Neonet
• Orcsoftware
• Oriflamecosmets
• Pilum
• Probi
• Ratos
• Raysearchlab
• Retailandbrands
• Roerviktimber
• Sas
• Smarteq
• Ssabb
• Taurusenergy
• Technologynexus
• Tethysoil
• Theempire
• Unibetsdr

Consilium på G?

Very funny if Consilium will have a nice ride.
Price today : 44,80 SEK

G club :: 2007-05-13

På G club check 13-May-2007
The G club
- Telelogic: 14.95 -> 16.6 SEK
- Oriflame: 279 -> 339 SEK
- Tieto Enator: 206 -> 219 SEK
- QMED: 106.5 -> 108 SEK
- Munters: 319.5 -> 332,5 SEK
- Trelleborg: 192.5 -> 206.5 SEK
- Holmen: 300.5 -> 293.5 SEK ( Still in Club but maybe exit soon)

Check this :: 13 May 2007

During this week I will check:

• academedia
• active capital
• addtech
• alfa laval
• angpanneförb
• artimplant
• axis
• beijer
• bergs timber
• betsson
• biogaia
• bure equity
• conpharma
• cybercomgroup
• digitalvision
• electrolux
• el&industrimontage
• icm logistik
• impact coatings
• intellecta
• mekonomen
• neonet
• omx
• orc software
• oriflamecosmets
• peab
• pilum
• probi
• ratos
• ray searchlabb
• retailandbrands
• rörviktimber
• sagax
• sandvik
• sas
• scaniab
• smarteq
• softronic
• ssabb
• taurusenergy
• technologynexus
• unibet

I will buy some on dips.

Experience taught me....

“Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you're generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don't make.”

Thanks
D. Trump

check this :: 9-May-2007

During this week I will check:

• academedia
• activecapital
• addtech
• alfalaval
• angpannefoer
• artimplant
• axis
• beijer
• bergstimber
• betsson
• biogaia
• biophausia
• cybercomgroup
• digitalvision
• electrolux
• elindustrimontage
• hennesmauritz
• icmlogistik
• impactcoatings
• intellecta
• inwarehouse
• mekonomen
• morphic
• neonet
• omx
• orcsoftware
• oriflamecosmets
• peab
• pilum
• probi
• ratos
• retailandbrands
• roerviktimber
• sagax
• sandvik
• sas
• scania
• smarteq
• softronic
• ssabb
• taurusenergy
• unibet

G club 6-May-2007

På G club check 6-May-2007
The G club
- Telelogic: 14.95 -> 17.1 SEK
- Oriflame: 279 -> 338 SEK
- Tieto Enator: 206 -> 219 SEK
- QMED: 106.5 -> 113.5 SEK
- Munters: 319.5 -> 335 SEK
- Trelleborg: 192.5 -> 211.5 SEK
- Holmen: 300.5 -> 310 SEK

Eniro på G ?

I think Eniro can be interesting soon.
Price today is : 89.75 SEK

Risk & money management

Risk management and money management are key to achieving any success in a market.
I think that traders should never “over-trade,” and should establish “risk tolerance”.
Emotional and psychological acceptance of risk is what determines your mental state in each trade.

Do you have an idea of your risk tolerance ?

You must select a trading methodology that reflects your timeframe and risk tolerance.

Holmen på G ?

I think Holmen B ( Sweden ) can have a nice uptrend soon.
Price 300.5 SEK

Watchlist 30-Apr-2007

Here comes a list of stock I will watch during this week on the swedish stockmarket.

(Price from 30-apr-2007 11:45)

- Affärsstrateg. // 3.34
- Allcardservices // 36.7
- Bossmedia // 16
- Gunnebo // 84.25
- Höganäs // 203.5
- Investor // 181.5
- Kabe // 122
- Knowit // 66,75
- Lappland Goldmining //
- Meda // 251
- Medivir // 57
- Modul 1 // 1,32
- Note // 95
- Oriflame // 355
- Oxigene // 30.7
- Rederi Trans. // 56
- Starbreeze //
- Swedbank // 259
- Taurus Energy. //

På G club check 27-Apr-2007

The G club
- Telelogic: 14.95 -> 17.4 SEK
- SHB: 211 -> 205 SEK Exit from the club
- Oriflame: 279 -> 338 SEK
- Tieto Enator: 206 -> 214.5 SEK
- QMED: 106.5 -> 114.5 SEK
- Munters: 319.5 -> 325 SEK
- Trelleborg: 192.5 -> 205.5 SEK

Habit 7 - Control your emotion

Keep trading in correct perspective and as part of a balanced life. Trading is emotionally intensive no matter whether you are doing well or going in the tank. It is easy to let the emotions of the moment lead you into strategic and tactical blunders.

Don't become too elated during successful periods. One of the biggest mistakes traders make is to increase their trading after an especially successful period. This is the worst thing you can do because good periods are invariably followed by awful periods. If you increase your trading just before the awful periods, you will lose money twice as fast as you made it. Knowing how to increase trading in a growing account is perhaps the most difficult problem for successful traders. Be cautious in adding to your trading. The best times to add are after losses or equity drawdowns. Don't become too depressed during drawdowns. Trading is a lot like golf. All golfers, regardless of their ability, have cycles of good play and poor play. When a golfer is playing well, he assumes he has found some secret in his swing and will never play poorly again. When he is hitting it sideways, he despairs he will never coming out of his slump.

Trading is much the same. When you are making money, you are thinking about how wonderful trading is and how to expand your trading to achieve immense wealth. When you are losing, you often think about giving up trading completely. With a little practice, you can control both emotional extremes. You'll probably never control them completely, but at least don't let elation and despair cause you to make unwarranted changes in your approach.

Since correct trading is boring, don't depend on trading as your primary stimulation in life. Unfortunately, the exciting aspects of trading, such as easy analysis and trade selection, are counterproductive. Good trading is repetitive and pretty dull. Thus, if you depend on trading for the major excitement, pursuit of fun will probably cause you to lose. If you can afford it, fine. If not, seek your entertainment elsewhere.

Trelleborg :: På G ?

Trelleborg på G? Pris idag : 192.5 SEK

Munters :: På G ?

Munter kan vara på G. Idag har vi 319.5 SEK

Habit - 6 - Long-term

Stay long-term oriented. Don't adjust your approach based solely on short-term performance. Our entire society emphasizes instant gratification. We are consuming are long-term capital. Eventually, this will lead to a decline in our standard of living over what it could have been with more attention to the future.

Most traders have such an ego investment in their trading that they cannot handle losses. Several losses in a row are devastating. This causes them to evaluate trading methods and systems based on very-short-term performance. Statisticians tell us that there is no statistical reliability to a test unless you have 30 events to measure. Short of a reasonable number of events, the outcome is wholly dependent on luck. As we saw in the risk of ruin discussion above, strings of losses are as certain as government inefficiency. Thus, the trader who chucks his system after four losses in a row is doomed to spend his trading career changing from one system to another. Don't start trading a system based on only a few trades, and don't lose confidence in one after only a few losses. Evaluate your performance based on many trades and multi-year results.

Watchlist sweden :: 20-Apr-2007

Today my watchlist on the swedish stockmarket is :
- Acamedia
- Artimplant
- Beijer
- BergsTimber
- Biogai
- Bringwell
- El & industrimontag
- Geveko
- ImpactCoating
- Inwarehouse
- JM
- Malmberg elekt.
- Morphic
- Opcon
- Peab
- Ratos
- Rörvik Timber
- SSAB
- WBM

I own or will buy on dipp this stocks

Status 18-Apr-2007

The G club
- Telelogic: 14.95 SEK Same :D
- SHB: 211 -> 216.5 SEK
- Oriflame: 279 -> 300 SEK
- Tieto Enator: 206 -> 207 SEK
- Axfood: 282.5 -> 274 SEK ( Removed from today)
- QMED: 106.5 -> 110.25 SEK

Correct to sell ?
- Swedish match 122.5 -> 123 SEK

Habit 5

Manage risk.
Manage the risk of ruin when you create your trading plan or system.
Manage the risk of trading when you select a market to trade. Manage the risk of unusual events.
Manage the risk of each individual trade.

The risk of ruin is a statistical concept that expresses the probability that a bad run of luck will wipe you out. On average, if you flip a coin 1,024 times, you will have ten heads in a row at least once.
Thus, if you are risking ten percent of your account on each trade, chances are you will be completely wiped out before long. If your trading method is 55 percent accurate (and whose is?), :D
you still have a 12 percent chance of being wiped out before doubling your capital if you risk 10 percent of capital per trade. For the mathematicians out there, this assumes that you win or lose the same amount on each trade. That is unrealistic, but I'm just trying to explain the risk of ruin problem.
The point is that in order to reduce the harm caused by unavoidable strings of losses, you must keep the amount you risk on each trade to about one or two percent of capital.
This makes trading with small accounts difficult. Two percent of $5,000 is only $100. That means with a $5,000, you should be trading with $100 stops. If you trade with $500 stops, your chances of avoiding meltdown from a bad series of trade are not good.
Trading with small stops is usually ineffective because they are within the market's "random noise."

Another element of risk is the market you trade. Some markets are more volatile and more risky than others. Some markets are comparatively tame. Some markets, such as currencies, have a greater chance of overnight gaps which increases risk. Some markets have lower liquidity and poorer fills which increases risk. If you have a small account, don't trade big money, wild-swinging contracts. Don't feel you have to trade any market that might make a move. Emphasize risk control over achieving big profits.

Pay attention to the risk of surprise events such as floods, currency interventions and wars. Most of the time there is some manifestation of the potential. Don't overtrade in markets where these kinds of events are possible.

The most important element of risk control is simply to keep the risk small on each trade. Always use stops. Always have your stop in the market. Never give in to fear or hope when it comes to keeping losses small. Never risk more than one or two percent of capital. Preventing large individual losses is one of the easiest things a trade can do to maximize his chance of long-term success.

ABB på G ?

I think ABB will soon go up ;) What do you think ?
Price today 124.25 SEK

Telelogic på G ?

Telelogic kan vara på G. :D
Pris : 14.95 SEK

Svenska handelsbanken på G ?

Svenska handelsbanken kan vara på G.

Oriflame på G?

Oriflame kan snart vara på G.
Price : 279

Boliden på G ?

Boliden kan få en upptrend snart. Jag väntar in en dipp för att se om boliden fixar dippen ;)

Habit 4

Don't overtrade your account. Trade in correct proportion to your capital. Have realistic expectations.
One of the most pernicious roadblocks to success is a manifestation of greed. Trading is attractive precisely because it is possible to make big money in a short period of time. Paradoxically, the more you try to fulfill that expectation, the less likely you are to achieve anything.

The pervasive hype that permeates the industry leads people to believe that they can achieve spectacular returns if only they try hard enough. However, risk is always commensurate with reward. The bigger the return you pursue, the bigger the risk you must take. Even assuming you are using a method that gives you a statistical edge, which almost nobody is, you must still suffer through agonizing drawdowns on your way to eventual success.

The larger the return you attempt, the larger your drawdowns will be. A good rule of thumb is to expect an equity drawdown of about half the percentage of your annual profit expectation. Thus, if you shoot for annual returns of 100 percent, you should be ready for drawdowns of 50 percent of your equity. Almost no one can keep trading their method through 50 percent drawdowns.
It is better to shoot for smaller returns to begin with until you get the hang of staying with your system through the tough periods that everyone encounters. An experienced money management executive has stated that professional money managers should be satisfied with consistent annual returns of 20 percent. If talented professionals should be satisfied with that, what should you be satisfied with?

Personally, I believe it is realistic for a good mechanical system diversified in good markets to expect annual returns in the 30-50 percent range. This kind of trading would still result in occasional drawdowns up to 25 percent of equity.

Swedish match

I will sell swedish match. Price 122.5 :-

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 !!