Recent content by Uncle Festus

These 3 are very good also: http://www.traderfeed.blogspot.com/ http://www.slopeofhope.com/ http://tradermike.net/ -Festus

http://stockcharts.com/charts/gallery.html?$VIX -Festus

Great call by Hamilton.:eek:

My favorite was Emulex (ELX now). It was a 10 bagger in 1999 alone. Closed at 112.50 on 12/31/99 (went up 44% just in 12/99). I loaded up the truck at the open on 1/3/00. The stock opened up at 166 (up 47.5% from the previous close on no news...but this wasn't unusual at that time), hit 172...

So you think its going to go down almost 6% in 6 trading days when its in an uptrend? Don't like those odds.

Actually the relationship of bottoms/greater than 50% bearishness based on the AAII survey has been accurate for the past 20 years, not just the length of that chart.

I'm not sure how accurate this last statement is based on the latest AAII investor sentiment readings...I've never seen the bearish number over 50% during a rally... http://biz.yahoo.com/seekingalpha/070504/34520_id.html?.v=2 I'm glad in the last couple of years I stopped trying to...

Are you saying I should short myself? :confused: :D

Always lurking. My trading's kind of evolved similar to yours in that I focus more on futures. What a strange long trip its been...best of luck.

Hey, db...are you the same db phoenix who used to be on the Motley Fool boards and traded mostly CANSLIM and had "db's burrow"? Your writing style looks very similar to his.:p

I use this all the time (it helps to prevent confusion about position size and direction). I've got "X" set up as a hot key to close position. It just automatically sets up an order to fully close your position. You may be able to designate whether its market or limit...I can't remember. The...

Usually when I do this I miss the big run...losses are just a part of trading if you have a good system.

I hear ya'...I'm 1 for 11 in my last 11 trades and my main system is swing system. Through it I've been backtesting my system more to get comfort that I'm just in a bad spot. Doesn't make me feel much better though. The moves have been quick and then congestion...that's the death of swingers...

Isn't it funny how even if you're 95% disciplined, the 5% of the time you're not destroys much more than 5% of your gains! It must be some twisted version of Murphy's Law. For me, its not so much losses eating at me...losses are a cost of doing business, but when I have a lack of discipline...