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The Anatomy of a Profitable Process

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Affecting positive change through financial understanding.

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Minyanville is an infotainment community that aims to affect positive change through financial understanding. We do that in many ways with an eye towards enjoying the journey despite these trying times. Now, more than ever, our charge is mission critical as the chasm between what people know and what they need to know must be bridged.

While we create branded content from the ABC's to the 401(k)'s, the nuts and guts trading stuff has always been our wheelhouse. As we don't "do" advice in the 'Ville-that would be impossible without knowing particular time horizons and risk profiles-we share what we're doing, how we're doing it and, most importantly, how and why we do it.

With hopes that sharing our process adds value to yours, the following stream of consciousness is the anatomy of my recent trading try:

King Jumps Queen. Rook Jumps Queen...
1/21/2009 3:28 PM

It's nuttier than Austin Powers' coffee out there! A bank crash Tuesday, a reverse bank crash Wednesday, a sale at Penny's... I mean, Jeezums, are we having fun yet? Some thoughts, as quickly as I can scribe 'em:

  • Remember way back on January 7 when I scribed my ten themes for 2009? Nestled in there was the following vibe:

    The January 20th transfer of power is an important inflection point, for if we can collectively navigate past that date without geopolitical conflict, stocks have room to run into March or April, when the bloom begins to fade on the new administration's rose.

  • I'm not smart enough to know if we've seen the beginning of that trade but it's worthy of a mention given the price action and, perhaps more importantly, the timing of the price action.

  • Consistent with my last Buzz, I've made sales in Bank America (BAC) and slapped a tight trailing stop on my Wells Fargo (WFC) bet, which will be "gone but not forgotten" by the closing bell as a function of earlier eyes.

  • I've still got my Citigroup (C) but, while only a three-dollar stock, 30% in a single session begs some sales (yes, discipline Gods, I hear you).
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