That being said, I look for companies that abide by the path of lease resistance philosophy. All this means is that people typically choose the easiest method of doing something over the other. A great quote from Mark Cuban sums this up.

“I recently read and article by Paul Kagan referring to George Gilder’s “vision” that in the future TV will die, regardless of delivery medium, simply because people will watch only what they want to watch.

How wrong he is. Why he is wrong is a lesson in basic business.

It was Aaron Spelling, I believe, who said, “TV is the path of least resistance from complete boredom.” Which is another way of saying that it’s easier to watch TV than to sit there and do nothing.”

I ask every web 2.0 project this question before giving them a dime of my money, who has the path of least resistance, you or your competitor?  

I’m a firm believer that you can compete in the same market as other “big” companies, but only if you have and edge through the path of least resistance.

Companies that have capitalized on this philosophy are apple, facebook, living social, wordpress, youtube, amazon, and google just to name a few. All had extremely large competitors, but managed to simplify things and eventually win out over there competition.

Thinking about investing in a company? What is their path of least resistance?

What exactly do I mean by this? Trading overload is when your life stands still because you are either

1. Trading 24/7 (Damn currency market)
2. Reading about trading
3. Talking with other traders about trading (Twitter/Stocktwits)
4. Starting to dream about trading

When I started seeing charts in my dreams was when I knew I had to take some time off, clear the mind, and come back to the markets from a fresh standpoint. Some of my best trades have came after I took a break from trading and momentarily pursued other endeavors.

This last week I was able to go snowboarding, work on a couple different iphone apps in development, plan for my family farm’s expansion into other markets (wine coming soon!), meditate, skype with a couple game-changers in the internet entrepreneurship field, and get back on the path towards a healthier lifestyle . I feel better, sleep better, and know that I will trade better from my time off.

But now, it’s time to get back to what we all love, Trading!

Connect With Me On:[sws_red_box box_size="590"]  Stocktwits    Twitter    Google+    Email [/sws_red_box]

This has not been typical price action over these last few weeks, and I think it is time to be patient and see what happens over the next few days. Significant news has been playing a large role in almost every market lately, so I’m waiting until I see some stability in the headlines before putting on any swing trades.

Today’s day trades for the $EURUSD were a scratch and a +20 pip trade on the short side after the quick run up. Not a spectacular day, but I didn’t lose money, and that is the most important thing. I’m currently working on switching my broker from FXCM over to Tradestation, and once that happens I will be posting live analytics of my trades, as they are much better than FXCM reporting.

Connect With Me On:[sws_red_box box_size="590"] Stocktwits: @speculatethemarkets  Twitter: @speculatethemkt [/sws_red_box]

I am proud to announce that a private buyer has bought my domain name from me, not sure what he will be doing with it, but this means I’m onto a new project and that is the Trade For A Living Podcast.

I will be featuring professional traders from all backgrounds on there trading methodologies, thoughts on current market situations, and tips for how to trade in there arena (forex, stocks, bonds, options, ect.)

If you are interested in being featured on the program, shoot me an email at jared@speculatethemarkets.com.

I will be uploading podcasts shortly.

Over the last couple of weeks these two currency pairs have correlated with each other very closely, and my day trading method usually incorporates watching a  move in the $EURUSD to see it followed by the $NZDUSD shortly after, where I put on some size depending on what the euro did.

My setups I’m trading include a lot of support and resistance trading that has been working well on the 15 minute time frame. I’m also looking at the larger trend and look for key reversal points as continuation patterns have not been working well lately.

From the looks of the chart is might not look all the promising but when I see an extremely low price for an ETN that rises like crazy on good news trading at an all time low, I’m Buying!

I got in at $5.70 a share and project a $7 – $9 price target with the next couple of weeks. If you look at the chart you will see that it has never broken below $5, and with potentially good news coming out today with the FOMC announcement, watch for the ETN to go up a couple percentage points in a very short amount of time.

Think a classic head and shoulders pattern is going to work like a charm? Think again. I’ve found that most classic patterns to do not work well in this type of market, but in other market’s they kick ass.

So what’s the whole point of this post? Learn to adapt to different markets!

Right now is one of those times that I need to sit back, relax, let the noise of the markets pass by, and realize that this market is not for me right now. I know lots of traders that are making a killing, but I know myself better than to try and take trades that I’m not comfortable with. Hopefully within the next couple of day’s something set’s up. Until then its time to enjoy the time off.

But then I think to myself that watching this happen can actually be a good thing. How can letting potential profits slip out the window be a good thing you might ask? Because it teaches you to follow your rules, make better trades through a careful analysis of what you could have done better, and it humbles you to not be so greedy.

Because there are also times when I close a position only to watch what would have been a landslide move against me, and that’s when I’m happy I stuck to my plan.

And although there have been talks of bank recapitalizations, a rescue plan to save the euro, and possible restructuring of the banks, I’m a contrarian trader and think it’s a lot of hype. It reminds me of how our Fed has tried to fix the years poorly managed fiscal problems in one quarter, and it hasn’t worked. I don’t think it is going to work for the Euro either in the long run.