Recent trades

Please go to the right side of this blog to check my recent trades during the absense. I have kept all the trades I recommended.

Why are online payday loans becoming more popular?

It is no surprise that in economically distressing times, hardworking Americans need to be resourceful at managing their bill paying. So the rise of payday loans in general makes sense. For example, if one member of a household is not working, his or her partner or spouse may still be employed. And yet, when an unexpected expense arises – such as something with their children, a broken appliance, a car repair or medical emergency – the need for quick cash can easily come up. They may not have a credit card or savings account, so the best source of funding might just be to get a paycheck advance.

But payday loans have been available in many forms for decades. Money exchanges or other types of retail stores have long offered people a way to get cash in advance of a paycheck. But to do so required traveling to the store, waiting in a line quite often, then transacting the loan through a thick glass window. It lacked privacy, the borrower may have been pressured to sign documents on the spot while people were waiting behind him, and it was hugely inconvenient to shop around for the best loan terms (in addition to interest rate charge differences, different lenders have different payback options, penalties and other fees).

Hence, the online payday loans stores have risen to provide a more convenient, safer and less time-consuming way to get instant cash. Where the retail stores often required faxing documents after you visited their locations, today’s Internet-based lenders offer faxless payday loans. And the process is quick: Signing on, filling out an application and getting a confirmation will engage the borrower for about fifteen minutes, sometimes less. Confirmation comes within an hour by e-mail, and the cash is direct-deposited by electronic funds transfers by the next business day. Users of online lenders for cash advances are like early adopters of ATMs – their parents and grandparents may have liked talking to tellers, but the convenience of electronic methods ultimately wins out.

New look

I am trying a new template for my blog, want to make it fresher. Feel it?

Update: newsletter performance

New high!

Updated newsletter performance

Newsletter performance

Sorry for the delay. I have been searching for the snapshot software after Hypersnap expired. Today I just found out I can still use it after expiration, but with three stamps on the picture. So please bear with me, since I don't want to spend $50 for a software I only use once a month.

Summary of Feb, 09

What went wrong? I made some long bets highlighted with red color from Feb 4-11 and got stopped out. It looked attempting, made me think the bottom was in. And I paid the price for it.

I feel like a fish who could not help biting the bait. Even though I escaped, I got hurt badly. Conclusion: there are lots of fake bottoming process in a bear market, I would rather being late than wrong. Looking at those trades, all losses. If I ignored the long signals, only focused on short ones, my performance would have been much better this month.

Overall, the newsletter's picks are up almost 5% or $15.85 so far this year.

Summary of Jan, 09

Up 22 pts or 40%! What a month! Shorting contributed most gains that tells us the downtrend still intact. Follow the trend.

Another new feature

From this year, I am going to have a monthly summery of my newsletter recommendations. If I have more time, I will also make 08's picks a list too. You decide if my newsletter is worth of your money.

Removing old trading record

I removed the "old trading record from 05", since it is way too old.

New poll

Please cast your vote to the right!

New gadget!

Add a "follow" feature on the right! If you like what I have done here, please press "follow" button:)

Happy new year!

2008 is almost history, painful but educational. Like I said, a bear market is always the best teacher. I wish all of you a happy and prosperous 2009!.

Holiday special!

I am putting out the biggest sale ever for my service. $560 for 2 years! That is right, $23/mo, 60% off the current monthly rate! So hurry, reserve the best rate now, which will only last till year end. After that, the rate will be raised to $60/mo or $600/yr.

Don't worry if you are a current annual subscriber, you can reserve this low rate now that will STILL be valid after your current subscription expires.

New service!

I just started the tutoring service, check it out, the link is to the right.

Happiest when I see this!

An email I received from my subscriber.

Hello Uclatrader,

I love your subscription service. Keep up the good work. You are truely brillant and have guided me through this volatile market. I have lost so much money in the past few months and you have taught me a lot. At least I am starting to make my money now with your newsletter. Thank you.

Maven

Updated

Please go check "winners" and "losers" to the right, I just updated my recent trades that I think they are remarkable.

Recent transactions

Please go to the winning trades and the losing trades to the right for the recent transactions. I keep updating the trades I think they are notable.

Shutting down the chatroom

Since I am going to be in China for some times, I will close the chatroom and no longer take in any new platinum members.

How to use my newsletter?

After scanning the market, I came across AAPL on Sep 1st, 2006. So I pointed out that the buy signal is $69.


It successfully broke out the next day, I listed $68.9 as the stop price.

As AAPL consolidated the gains, I raised the stop to $70 from $68.9

I raised the stop to $73.2.

Due to Yahoo's weak conference call and Thailand's political issue, the market sold off quickly and AAPL position got stopped out at $73.2, for a total $4.2 or 6% profit in 11 days.