The Mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line.
http://www.traders-t...?...c=72475&hl=
What beats the most men in Wall Street
Started by
A-ha
, Jul 12 2007 11:24 AM
6 replies to this topic
#1
A-ha
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Posted 12 July 2007 - 11:24 AM
is not sticking their own plan and getting involved in stupid day trading stuff.
The Mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line.
http://www.traders-t...?...c=72475&hl=
The Mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line.
http://www.traders-t...?...c=72475&hl=
#2
Cirrus
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Posted 12 July 2007 - 11:35 AM
Watch the SOX in relation to the QQQQ's. Many of my daily and weekly semi stocks are right at or near multi year highs and volume is really pulling back on a LT basis. This doesn't mean we get a BO.
Check out AMAT, LRCX, KLAC, ONNN to name a few....especially the weekly charts. Should we get a surge in weekly volume and a BO there's some potential. I am long some semi stocks and it's a trade for now.
#3
eminimee
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I don't care who's fur is flying...
Posted 12 July 2007 - 11:55 AM
May have hit only the first leg top of a 3 of ED...
We don't want to come below yesterdays low at any point though
http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=5&dy=16&i=p30943091896&a=107003689&r=7937.png
same look on spx fwiw
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=5&dy=8&i=p92544065564&a=93045759&r=2419.png
We don't want to come below yesterdays low at any point though
http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=5&dy=16&i=p30943091896&a=107003689&r=7937.png
same look on spx fwiw
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=5&dy=8&i=p92544065564&a=93045759&r=2419.png
#4
NAV
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Posted 12 July 2007 - 12:02 PM
is not sticking their own plan and getting involved in stupid day trading stuff.
Day trading is not stupid, if one has the necesaary tools and skills to do it. But not sticking to one's plan is....
#5
A-ha
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Posted 12 July 2007 - 12:14 PM
is not sticking their own plan and getting involved in stupid day trading stuff.
Day trading is not stupid, if one has the necesaary tools and skills to do it. But not sticking to one's plan is....
I didnt want to offend day traders... Maybe I used a wrong word to define it.
Day trading has nothing to do with stock speculation. A day trader is not and can not be part of the big picture and can never grow rich. They live in fluctuations and that is all they can make.
Sticking to one's plan may be stupid if you do it all the time. I try to learn from my mistakes. Mistake family is too large and learning never ends.
#6
NAV
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Posted 12 July 2007 - 12:23 PM
Day trading has nothing to do with stock speculation. A day trader is not and can not be part of the big picture and can never grow rich. They live in fluctuations and that is all they can make.
Totally agree. It just pays the bills, especially the intraday stuff. But with sufficient leverage, it can go beyond paying bills. Getting rich - I don't know, i have not yet met one....that doesn not mean one may not exist.
Sticking to one's plan may be stupid if you do it all the time. I try to learn from my mistakes. Mistake family is too large and learning never ends.
Oh BTW, just to clarify, i did not call you stupid. I have respect for your trading skills. I called the act of not following one's plan stupid.
