Centrifugal Deforest - Latest Comments in Long and Wrong (thank god)

Re: Long and Wrong (thank god)

Centrifugal_Deforest — Thu, 28 May 2009 11:40:32 -0000

Pitchers duel ...u2

Re: Long and Wrong (thank god)

@torbjornrive — Thu, 28 May 2009 11:28:05 -0000

good gosh. at this point it's still a toss up, again!

good luck out there...

Re: Long and Wrong (thank god)

Centrifugal_Deforest — Thu, 28 May 2009 11:23:07 -0000

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.

Re: Long and Wrong (thank god)

Centrifugal_Deforest — Thu, 28 May 2009 08:47:38 -0000

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

Re: Long and Wrong (thank god)

Centrifugal_Deforest — Thu, 28 May 2009 08:43:57 -0000

thx - hopefully i'm not about to get nailed ;)

Re: Long and Wrong (thank god)

Trin_rida — Thu, 28 May 2009 00:25:57 -0000

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.

Re: Long and Wrong (thank god)

@torbjornrive — Wed, 27 May 2009 17:28:43 -0000

...how 'bout now?

I am left with but one long & four short positions.
Beware chop-suey (I tell myself).