100% guaranteed rally on 11-21-07

i have no idea what lame 4th grade style predictions have to do with trading- i imagine you 'double dog dare' a lot too.

what i do know is that whenever i am 'sure' the market is going to go one way or the other beforehand, it's a recipe for disaster. having such built in bias makes one less receptive to what the market is telling you and, when the '100% guaranteed rally' doesn't materialize, you lose your ass fighting the tape.

the term 'ass clown' comes to mind...
 
I recall Thanksgiving eve trading is strongly bias to gains.

Seems that would be the intellectual basis for this statement.

A purely historical (seasonal) play
 
Look what happened when Mymini was sooooo sure that on Oct 9th going long without stops was free money. He called a perfect top! Fortunately he isnt really trading and just posting threads every few minuites during every single trading day otherwise he'd be a broke man :)

Quote from gangof4:

i have no idea what lame 4th grade style predictions have to do with trading- i imagine you 'double dog dare' a lot too.

what i do know is that whenever i am 'sure' the market is going to go one way or the other beforehand, it's a recipe for disaster. having such built in bias makes one less receptive to what the market is telling you and, when the '100% guaranteed rally' doesn't materialize, you lose your ass fighting the tape.

the term 'ass clown' comes to mind...
More...
 
Quote from myminitrading:
I will leave this forum if the indexes DON'T close up tomorrow.
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ES closed around 1445 yesterday during RTH. In the European session it's down to 1434 right now.

Edit: 1429
 
Quote from jrlvnv:

futures down 9 now... should i be the first one to say goodbye to you?
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the guy said the markets would close higher, not open higher

fwiw, I'm 99% convinced they will rally :-)
 
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