I am left with but one long & four short positions. Beware chop-suey (I tell myself).
Centrifugal_Deforest
· 6 months ago
Now may be different ;) ...if we drive to lower-lows today and there is nothing especially strong under the surface I'll have to lighten and/or hedge.; eat my words and recoil. yesterday was not quite as bad as Tues was good - but close enough certainly
Rd99Hse1
· 6 months ago
good gosh. at this point it's still a toss up, again!
good luck out there...
Centrifugal_Deforest
· 6 months ago
Pitchers duel ...u2
divergence
· 6 months ago
You are one of the better traders on the net. As someone who has been trading full time for less than a year, I appreciate your thoughtful analysis and objectivity. I have learned a lot from your patience in not trying to chase a turn "the costly last 1/8 or the first 1/8 of the turn" to paraphrase Livermore. Watching your work has helped me to see how this plays out in real time.
Centrifugal_Deforest
· 6 months ago
I would add this... These are unusual times and it becomes more important (imo) to capture gains when they are substantial...but in general it is important to let good-gains become big-gains over time; which is how you end up with a big year.
Today's mkt is volatile enough that a big gain can be had in a couple of weeks or days (earlier when VIX was crazy-high it was in a couple of hours for some plays).
So Livermore, Loeb and O'Neil are right still, but perhaps the time for such moves has been quite a bit concentrated last several months.
All Comments
I am left with but one long & four short positions.
Beware chop-suey (I tell myself).
...if we drive to lower-lows today and there is nothing especially strong under the surface I'll have to lighten and/or hedge.; eat my words and recoil. yesterday was not quite as bad as Tues was good - but close enough certainly
good luck out there...
These are unusual times and it becomes more important (imo) to capture gains when they are substantial...but in general it is important to let good-gains become big-gains over time; which is how you end up with a big year.
Today's mkt is volatile enough that a big gain can be had in a couple of weeks or days (earlier when VIX was crazy-high it was in a couple of hours for some plays).
So Livermore, Loeb and O'Neil are right still, but perhaps the time for such moves has been quite a bit concentrated last several months.