That eve once again is upon us.
Market Themes for 2012
After 2011, I am going to skip the "this will happen" sort of thing for 2012. I think it will be best to be ready with an open mind. It is likely several things will present themselves in the first 3 months of 2012 which will be important for the entire year. I want to be ready to see them.
As for my own ideas for the New Year there are three things I want to be more diligent about which would have made a big return difference in 2011:
-Allowing runners to run. It was reactive to jump out with a small to medium gain in a trade that was working. Not many, but several of these trades became longer term winners if held through a bit of volatility. Identifying the most sound moves up will extend gains.
-Focus on extreme sentiment inflection points and place the correct, forceful bet when the time comes. If the manic market continues, these spots may prove to be both somewhat common and very profitable.
-Do not trade so much. The first half of the year I would open my best 2-3 ideas, and then add on 3-5 other ones I felt had promise. I will work to stick to my best 3-6 ideas at a time (usually in short term account looking to play a 2 week resolution of a pattern or target) and give them the right amount of attention.
I feel very fortunate to have broadly expanded the readership of Economic Disconnect in 2011. I have to thank many people for all the links, ReTweets, and kind words that allowed this to happen. It's amazing really.
Let's keep it running in the New Year.
Happy New Year
Going to load a few of my favorite songs of this year (I heard them for first time, maybe older than 2011) and a New Years Eve performance.
"Two of the Lucky Ones" by The Droge and Summers Blend:
Nightwish's tearfully pretty song "Sleeping Sun":
I tend to spend New Years right in my living room, its just safer and more fun. In 2006 The Bangles did a performance of "Hazy Shade of Winter" that just rocked the house:
Have a good night.