Crash "Reversal"
"Iâve told this story dozens of time, but the memory has never ceased to have an impact on me. I was out of the
country on Black Monday of the Crash of 1987. In fact, I wasnât able to get back to the trading pit until Tuesday
afternoon (even though I flew standby on the...
When you get up in the morning you should say " I am the world's greatest trader" 100 times. Do this for a week and let me know if your p & l improves.....:)
I meant to respond to this the other day. No matter what single equity you are trading you have to pay attention to spy or es. Sp500 is by definition the beta of the market, so if the spy sells off 1.00 in the first 10 minutes you want to be short biased period. Hard to escape this conversely...
random thought: can you imagine if Herman Cain became the front runner for the GOP. Two brothers duking it out for the presidency, that has to be a white supremicists worst nightmare, LOL!
http://en.wikipedia.org/wiki/Herman_Cain
first trading day of the month Oct 3 was the low close for the spy. 109.93, Lets see if it holds. By the way I praise the Lord above I am not short here. I hope all you ACD folks have read the black swan.