Market always punishes arrogance, only difference is when a trader is trading his own money,
this sinks in real fast, when he's trading OPM the arrogance feeds on itself until people show up at your door with a noose.
Wave 2/B can retrace upto 75%-88% of previous down move.
Arrogant bears are about to learn a very valuable lesson in humility all in real time.
Watch the crash gap.
I'm not seeing any humility, are you?
Started by
S.I.M.O.N.
, Mar 01 2007 06:51 PM
6 replies to this topic
#1
S.I.M.O.N.
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SIMONForecast
Posted 01 March 2007 - 06:51 PM
*previously known as pnfwave
#2
ed rader
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- Traders-Talk User
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Member
Posted 01 March 2007 - 06:59 PM
Market always punishes arrogance, only difference is when a trader is trading his own money,
this sinks in real fast, when he's trading OPM the arrogance feeds on itself until people show up at your door with a noose.
Wave 2/B can retrace upto 75%-88% of previous down move.
Arrogant bears are about to learn a very valuable lesson in humility all in real time.
Watch the crash gap.
i think a lot of guys guilty of arrogance aren't aware of it and arrogance in others really bugs them.
ed rader
#3
S.I.M.O.N.
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- Traders-Talk User
- 802 posts
SIMONForecast
Posted 01 March 2007 - 07:10 PM
Market always punishes arrogance, only difference is when a trader is trading his own money,
this sinks in real fast, when he's trading OPM the arrogance feeds on itself until people show up at your door with a noose.
Wave 2/B can retrace upto 75%-88% of previous down move.
Arrogant bears are about to learn a very valuable lesson in humility all in real time.
Watch the crash gap.
i think a lot of guys guilty of arrogance aren't aware of it and arrogance in others really bugs them.
ed rader
very good, it does take one to know one.
Thnks for the heads up.
I do try and watch my ego at all time.
Best to you and yours
*previously known as pnfwave
#4
OEXCHAOS
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Mark S. Young
Posted 01 March 2007 - 07:31 PM
What's more, arrogance in others isn't your concern. What are you gonna do, get paid for therapy? Gloat? FORCE them to be the way YOU want them to be?
I'm giving a stern warning to all, keep it nice, keep it civil, and keep away from the ad hominem. Who needs that stuff?
M
Mark S Young
Wall Street Sentiment
Get a free trial here:
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#5
Vector
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Member
Posted 01 March 2007 - 10:33 PM
ya know, today I heard a great definition of the difference between arrogance and confidence
confidence=wisdom and courage
arrogance=ego and ignorance
also that cynics NEVER win...you ever see a statue erected for a great cynic? 
#6
.Blizzard
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- Traders-Talk User
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Member
Posted 02 March 2007 - 10:31 AM
Market always punishes arrogance, only difference is when a trader is trading his own money,
this sinks in real fast, when he's trading OPM the arrogance feeds on itself until people show up at your door with a noose.
Wave 2/B can retrace upto 75%-88% of previous down move.
Arrogant bears are about to learn a very valuable lesson in humility all in real time.
Watch the crash gap.
I think only arrogant bulls may post a thread like this..
#7
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 02 March 2007 - 10:56 AM
you ever see a statue erected for a great cynic?
PLENTY OF THEM...
Hitler, Mussolini, Lenin, Stalin...too many to list here.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
