Currently Reading:
One aspect of investing that requires attention for any trading is trading psychology. By that, I mean all of us would benefit from a trader coach of some sort to identify our strengths and our weaknesses. In 'Beyond the Bull,' Norquay touches upon inner trading psychology and the psychology of the markets as a whole.
Norquay employs the Eastern philosophy of Buddhism in his discussion of market trading. I could relate very well to this approach.
Two points I would like to highlight about the book are:
- Achieving a state of objectivity (a multi-step process) sets stock traders apart to the next level
- Like all things in life (including relationships, for example) being a good stock market trader requires work. Stock market trading is no different and requires constant work. It does not end.
- Christmas accounts for 14% of annual sales
- Top sellers: Nintendo Wii, Samsung's 52-inch LCD HDTV, the Apple iPod touch and the Blokus board game.
- Mark Jan. 8 on your calendar, when retailers report same store sales,
AP
Retailers slash prices to entice holiday shoppers
Friday December 26, 10:04 am ET
By Lauren Shepherd, AP Business Writer
http://biz.yahoo.com/ap/081226/after_christmas_shopping.html
I still favor the software entertainment industry. In particular, I am monitoring Electronic Arts (ERTS) but favor Activision (ATVI).
Activision will be releasing Diablo III (anyone every play Diablo I, back in the day? It is a classic). Its Guitar Hero franchise appears to still be strong, and has other very good titles such as Call of Duty (World at War) and Need for Speed. Still, technical charts suggest the stock will face further weakness.
To obtain a stock alert on when I enter positions in ATVI or any stocks discussed, sign up on kaChing and click "follow manager."
http://www.kaching.com/kaching#portfolio/5916/holdings
