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Original Oanda Contest Rules
Someone asked that I post these original rules from when I returned 214% in one month. Here is the revised post. How to get high returns by risking it all I just want to first begin by saying bad money management will inevitably lead to disasterous results. If anyone is interested in learning more about how to optimize your money management to obtain high yielding resuls I would recommend Van Tharpe’s books. However, I would never trade my entire account the way that I traded during this contest. Honestly the only reason I started...
read moreIs that a V?
Existing home sales beat their expectations today 5.57 with a forecast of 5.37. It’s running now at the same level it was in September of ’07. Looks like now I can stop crying every time I go to Zillow and type in my address. Looks like a V shape is forming! Oh wait but to get to a W you must first start a V ...
read moreEquity Update
Two days ago I posted I was going to return 100% in one month. http://www.jeremywhittaker.com/?p=174 So far Whittaker Wealth Destroyer is at 2.6% with my last day being 11/21. As a side note Whittaker Wealth Builder is running steadily at 17.7% since inception 9/8/08.
read moreRen-min-bi what?
I just remember awhile back when I was reading the financial times paper and I always wonderd how the hell do you pronounce that word Renminbi or Yuan, the Chinese currency. As Americans we look down on people when they pronounce our words wrong so I don’t want to float in that same ignorant boat. So I took some time to investigate and here is what I found. To this day I think about this every time I see either one of these words. Renminbi – Pronounced Ren-Min-Bi – Ren – like hen(the animal) but ren – Min...
read moreHousing Bubble PT2?
I was reading the following article in the financial times paper today. It looks like the financial institutions have recovered. But where is the liquidity? Obama called for these banks to start loaning again. Could the beginning of the housing bubble PT2 be starting soon? How to manage the gigantic financial cuckoo in our nest By Martin Wolf Published: October 20 2009 20:53 | Last updated: October 20 2009 20:53 A year ago, at the height of the financial panic, the world yearned for a profitable and confident financial sector....
read moreHow I became a successful Forex trader in one word
I was recently chatting with a friend of mine about how to make money in forex. In one word this can be summed up. Backtest Once you learn this word and start backtesting it is only a matter of time until you become successful…Oh yea don’t forget about money management it’s the second most important word
read moreGold the next bubble?
I keep hearing everyone ranting and raving about the value of gold lately. Has anyone ever heard of the super model test? It’s pretty simple. When someone who has no idea what the value of gold should be starts talking about it then there is a serious chance that was they are saying is about to take a turn in the opposite direction. It is a simple test of too many people rocking the boat in one direction or the great pendulum of life. It has to inevitably tip or go back in the other direction. It is my hypothesis that gold will...
read moreEconomic reports
Recently someone asked me where I get all of my economic reports as they come out. I don’t often trade this because they create way too much volatility in the market. However, a list can be found here at ForexFactory.
read moreWhere in the World is all the oil and who is consuming it?
All of this information is from the Energy Information Administration, this is the official energy statistics from the U.S. government. Fact #1 – If the U.S. stopped importing oil our reserves would be gone in 1076 days or 2.9 years. We have 21billion in reserves and consume 19.5 million a day Fact#2 – If the U.S. only imported from Canada both of our oil reserves would be gone in 9183 days or 25 years . This is assuming of course that we do not increaase our usage. A more realistic number is probably 20 years or so. We...
read moreIs now the time to buy a house?
There is a lot of talk going around lately as to whether or not the time is right to purchase a new home. “Housing prices are at rock bottom!”. This is what some people claim. However, these are probably the same ones that bought or tried to convince you to buy a house from 2007-2009 right? Here is my opinion. Take a look at this chart which is pulled from Zillow showing national average value of houses. You can see that it “appears” to have started its bottoming out phase. So yes if you want to make a...
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