Morning Thoughts

I hope that those of you who tried to bottom pick (looks like a fair number from the polls) did not overdo your position size. My advice, after decades of trading, is just cut your losses sooner rather than later. HOPE is a great word for a political campaign slogan and good emotion for life in general. HOPE is a 4 letter word in trading and leads to disasters. Good luck to all today.

I hope that those of you who tried to bottom pick (looks like a fair number from the polls) did not overdo your position size. My advice, after decades of trading, is just cut your losses sooner rather than later. HOPE is a great word for a political campaign slogan and good emotion for life in general. HOPE is a 4 letter word in trading and leads to disasters. Good luck to all today.

I won't even use the word in everyday conversation.

Min targets.
http://zorotrading.b...or-decline.html

I hope that those of you who tried to bottom pick (looks like a fair number from the polls) did not overdo your position size. My advice, after decades of trading, is just cut your losses sooner rather than later. HOPE is a great word for a political campaign slogan and good emotion for life in general. HOPE is a 4 letter word in trading and leads to disasters. Good luck to all today.

I won't even use the word in everyday conversation.

Min targets.
http://zorotrading.b...or-decline.html

I always do in this one sentence. . .

"Hope is disappointment deferred."

Sold my longs this morning..... Please beware my TREND indicators are decisively negative, but ST and close to Medium term indicators are positive.... We are at the 200-day MA, which should add support right ( WRONG )..... First time we hit the 200-day MA we are assured of a bounce 72%, second time we hit the 200-day MA the assurance goes to 55%. We are now approaching it for a third time so bounce assurance is somewhere between 35% - 40%... The odds of it holding are not worth the risk.... A sell-off can be very fast and very swift..... Barry

I hope that those of you who tried to bottom pick (looks like a fair number from the polls) did not overdo your position size. My advice, after decades of trading, is just cut your losses sooner rather than later. HOPE is a great word for a political campaign slogan and good emotion for life in general. HOPE is a 4 letter word in trading and leads to disasters. Good luck to all today.

I won't even use the word in everyday conversation.

Min targets.
http://zorotrading.b...or-decline.html

I always do in this one sentence. . .

"Hope is disappointment deferred."

qqq 1065 is toast just a matter of when.

I updated a turn point on the blog btw but only for a pop.

I hope that those of you who tried to bottom pick (looks like a fair number from the polls) did not overdo your position size. My advice, after decades of trading, is just cut your losses sooner rather than later. HOPE is a great word for a political campaign slogan and good emotion for life in general. HOPE is a 4 letter word in trading and leads to disasters. Good luck to all today.

I won't even use the word in everyday conversation.

Min targets.
http://zorotrading.b...or-decline.html

I always do in this one sentence. . .

"Hope is disappointment deferred."

qqq 1065 is toast just a matter of when.

I updated a turn point on the blog btw but only for a pop.

I took it and I'm now on this fast moving train.

Edited by milbank, 20 May 2010 - 09:14 AM.