In the recent live chat conducted with THE KIRK REPORT, I promised to share some of my latest trades “in the crosshairs”.  I will be taking the opportunity to share not only  the trades but to share the thought process behind them as well. These posts will not be a “brag” time nor will they portray my style of trading as a fail safe, get rich quick system (because it is not).  There will no discussion on my percentage gains or losses, on how much money was made or lost, how many winners in a row I have had, etc. etc. because none of these things matter to you and have nothing to do with your success or failure.  My trading record is worthless to another trader. What does matter is the concepts behind the CROSSHAIR and how they can be used in any style of trading, whether mine

How about this for a trading term?  BEER MATH.  Ever heard of that one? You probably have if you are a military enthusiast or a sniper.  If you haven’t figured it out yet my writings focus on trading as a battle, so I find myself reading quite a bit of military literature and right now the main focus is on sniper training (it is a theme of a book I am writing). 

I recently purchased a book entitled Trigger Men: Shadow Team, Spider-Man, The Magnificent Bastards, and The American Combat Sniper, by Hans Halberstadt. He includes a glossary and, you guessed it, one of the entries is BEER MATH. Here is his description:

Sniping involves a great deal of mathematics (almost as much as the art of artillery) but the problems must typically be solved under