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Trading 101


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#1 nimblebear

nimblebear

    Welcome to the Dark Side !

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Posted 10 November 2009 - 12:49 AM

therfore, I'm going long, and it feels incredibly bad to do so. So it must be the right decision As I have been shorting recently, it sort of felt good when I did it, but it has ended up terribly terribly painful. <_< lesson learned. Dont fight the PPT Dont fight massive liquidity Dont fight the trend Ignore MACD's Absolutely ignore fundementals Ignore unemployment figures, especially if they are horrendous bc the market actually rallies on such news Ignore Fib's Ignore Head shoulders Dont fight GS Never short a dull market Ignore obscenely complacent Vix (it can go far lower than you think) Ignore reports the consumer is dead. It will never happen here. Ignore reports that the credit markets are shrinking, and consumer credit collapsed. As long as the dollar keeps falling, this market is rallying.
OTIS.