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Waiting for Confirmation

Many times we enter a trade with a high degree of certainty that the stock will move in our chosen direction.  All of our indicators can be screaming to buy or sell at a particular moment in time; however, there is no certainty that these indicators will function as intended.  In order to combat this, start by entering a trade with a small percentage of your maximum size and wait for a move in your direction to confirm that the expected move is actually occurring.  While you may miss the very first piece of the action, waiting for confirmation will significantly improve the probability of success.  Remember, you don’t have to be the first to the party; showing up fashionably late almost always works out best.

US National Debt is at $11.9 trillion.

US-DEBTI came across this national debt clock today and it is crazy. It breaks out the complete US balance sheet in real time. Numbers include: US National Debt, US Spending, Debt Per Citizen, Debt Per Taxpayer, US Budget Deficit, US GDP, US Federal Tax Revenue, GDP Per Citizen, Income Tax, Payroll Tax, Total Federal/State/Local Tax Revenue, Medicare/Medicaid, Social Security, Trade Deficits, Imported Oil, Personal Savings, Food Stamp Recipients, Auto Sales, Household Assets, Interest on Debt, Defense/Wars, US Private Debt, Mortgage Debt, Personal Debt, Credit Card Debt, Money Creation and more. It is the craziest counter I have ever seen. Go to USDebtClock.org and see for yourself.

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