Hey guy, I see that...I am a little uncomfortable....but I am doing my best to tweak my TA indicators...and so you NEVER know when you get whipped, so you must take them all. If unsuccessful I will need to determine why...more art than science.
The real problem is shorting a dividend paying stock in a strong bull market in a bullish triangle.
In October ( 10-20-2009 ) you took DXD at 32.22 and made a good ST trade remember? But here we are 5 months later and DXD is 27.65 area. Shorting in a bull market is a bad idea.You will learn someday instead of fighting good friendly advice, the fed and the tape.
No TA will save you from fighting the trend or your own bad habits.
I know, you say it is all an illusion and a bear market. I say, please invite me back for the next illusion. I enjoy illusions very much.
Also yes I do make mistakes, but I try to learn and not make the same ones over and over. GL on your trades.
My savior? Somehow your voice rings familiar. But no matter, I understand what you are saying.
I'm not making a statement on the trade....mkt is overbought and I felt I could catch a pt or 2...that's it
Most make mistake overstaying their welcome and NEVER see trouble coming. Not so easy having both sides of equation down.....I'm still WAY AHEAD, more than most anyone I know over last 10 years....not to say I couldn't do some things differently....I really cant and wont say exactly. but dont worry about me.
I'm now 55 and my house is paid for....I have no debt. I am 99.9% in cash or fed equiv....go for the gusto man...ride the bull..ride the ILLUSION
There was a day I couldn't make a dime in the market, and paid tuition over and over. Then one day, some guy who was successful taught me a few things. And because I listened, he taught me more and so on and so on. Today I am thankful that someone took the time, and although I may not be the best, or perfect, I try to give a little back when I can.
You get pissed, maybe you should think that others could have a thing or two that would help you?
Nothing discussed here is to embarrass you or your blog.
Have a good day sir. And I will not bother you again.
I am an old dog, please share what yoy wish, I am listening.
In my current environment I dont barley get free minute to concentrate to move my stash around.....maybe I need you...to come here face to face.....I dont want to be out forever....or repeat mistakes....
What I did worked well for the time....being aninvestor had never come easy.....so you know what to do....
Yes I know who you are, I am privledged that you would leave comments, my blog could use more intelligent traders coming here..and sharing
I only also ever try to help people, understand big picture, never set this up as trading outpost.
I have saved countless from harm and injury from 2 horrible bears..all that is missing is ringing the bell!
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I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
6 comments:
Hi D, another bullish looking triangle on 5 minute chart for IYR today. Are you using a hard stop or mental?
Hey guy,
I see that...I am a little uncomfortable....but I am doing my best to tweak my TA indicators...and so you NEVER know when you get whipped, so you must take them all. If unsuccessful I will need to determine why...more art than science.
YES, stops is ONLY way to go....
The real problem is shorting a dividend paying stock in a strong bull market in a bullish triangle.
In October ( 10-20-2009 ) you took DXD at 32.22 and made a good ST trade remember? But here we are 5 months later and DXD is 27.65 area. Shorting in a bull market is a bad idea.You will learn someday instead of fighting good friendly advice, the fed and the tape.
No TA will save you from fighting the trend or your own bad habits.
I know, you say it is all an illusion and a bear market. I say, please invite me back for the next illusion. I enjoy illusions very much.
Also yes I do make mistakes, but I try to learn and not make the same ones over and over. GL on your trades.
My savior? Somehow your voice rings familiar. But no matter, I understand what you are saying.
I'm not making a statement on the trade....mkt is overbought and I felt I could catch a pt or 2...that's it
Most make mistake overstaying their welcome and NEVER see trouble coming. Not so easy having both sides of equation down.....I'm still WAY AHEAD, more than most anyone I know over last 10 years....not to say I couldn't do some things differently....I really cant and wont say exactly. but dont worry about me.
I'm now 55 and my house is paid for....I have no debt. I am 99.9% in cash or fed equiv....go for the gusto man...ride the bull..ride the ILLUSION
There was a day I couldn't make a dime in the market, and paid tuition over and over. Then one day, some guy who was successful taught me a few things. And because I listened, he taught me more and so on and so on. Today I am thankful that someone took the time, and although I may not be the best, or perfect, I try to give a little back when I can.
You get pissed, maybe you should think that others could have a thing or two that would help you?
Nothing discussed here is to embarrass you or your blog.
Have a good day sir. And I will not bother you again.
I am an old dog, please share what yoy wish, I am listening.
In my current environment I dont barley get free minute to concentrate to move my stash around.....maybe I need you...to come here face to face.....I dont want to be out forever....or repeat mistakes....
What I did worked well for the time....being aninvestor had never come easy.....so you know what to do....
Yes I know who you are, I am privledged that you would leave comments, my blog could use more intelligent traders coming here..and sharing
I only also ever try to help people, understand big picture, never set this up as trading outpost.
I have saved countless from harm and injury from 2 horrible bears..all that is missing is ringing the bell!
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