Edited by Mr Dev, 28 June 2007 - 10:13 AM.
NDX & RUT THOGHTS
#1
Posted 28 June 2007 - 10:09 AM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#2
Posted 28 June 2007 - 10:28 AM
Well most of my thoughts are posted at my thread below but I'll keep these upfront and coming if
folks are still interested.
You'll always find technical details in many of my replies to other threads... as the minds of others ...along
with mine can...and do create a third. SO some of my best stuff may come in the form of a reply to a challange
or ..comments on a topic I wouldn't of originally started.
After closing yesterdays...100%x2 long position on the RUT I flipped 20% SHORT into the NDX ....again this
morning while the market was up.....I increased that short to 50% ish.
I'm not feeling really confident on this one....although I still think I will win !!
But if I don't...............I will understand why !
There is a lesson in itself for trading...... as traders if you lose a trade........are you completely understanding...
ever? You should be....as opposed to being clueless.
If you find yourself scratching your head so much you're losing your hair...... as to why your trade didn't work...
you NEED a more OPEN mind to trading. Even though we are almost ALL TYPE A personalities,...
believing you are right all the time in trading ......should only come with a track record .
NOT just because YOU think the market should of BOUNCED TODAY if it was ever going to.
Think about it.
Confidence is a good thing,....but CLOSED mindedness is a Very BAD thing for a trader.
THen trade well!
have you read the Black Swan?
#3
Posted 28 June 2007 - 10:34 AM
have you read the Black Swan?
No, i really don't read books anymore,.. although it's something that i have been meaning to get back to doing.
LOL the last book I read was about 8 years ago.. eek.
What is it about,... have your read it ?
Edited by Mr Dev, 28 June 2007 - 10:35 AM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#4
Posted 28 June 2007 - 10:47 AM
Hi Mr Dev, see the following on "Black Swan" theory: ---> http://en.wikipedia....ack_swan_theory
have you read the Black Swan?
No, i really don't read books anymore,.. although it's something that i have been meaning to get back to doing.
LOL the last book I read was about 8 years ago.. eek.
What is it about,... have your read it ?
Have a nice day and great trading!
Bob-C
#5
Posted 28 June 2007 - 12:50 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#6
Posted 28 June 2007 - 01:51 PM
(unless the Fed saves you)
lol...is that how you would asses a win if I do land it. Hmmm interesting.
Shorting against the McClellan coming off oversold and rising
Well young gun thank you for the kind words,...it certainly doesn't mean that the market can't open lower two days after I post the
chart ...or close lower than my entry on a position on a short.
Good try but trust me ....I'm more fully aware of my own work,,....while I trade then you are.
Thanks for the positive vibes tho....I'll take them if it means another back to back winning trade
Edited by Mr Dev, 28 June 2007 - 01:55 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!