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!
Hi D, another bullish looking triangle on 5 minute chart for IYR today. Are you using a hard stop or mental?
ReplyDeleteHey guy,
ReplyDeleteI 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.
ReplyDeleteIn 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.
ReplyDeleteI'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.
ReplyDeleteYou 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.
ReplyDeleteIn 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!