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Quote from lindq:

There always are. Sometimes just takes a hell of a lot of patience.

IMHO, this is the single biggest reason that so many who try trading, fail. It's in our nature to think we have to be hyper active in order to succeed, when often the best thing to do in trading, is nothing. And that's not easy.
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+1:)
 
Quote from lindq:

Well, there's always tomorrow.

:)

Me thinks that the wonderful shorting opportunities we've enjoyed the past year are coming to a close. Time to pull out those "go long on pullback" strategies, eh?
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60-70% chance of up or flat
30-40% chance of down
Momentum V Trend
Personally I don't like the odds at this point!

If momentum subsides without pullback then pick your entry and go with the bull trend without the drop in price.
If you get a pullback lucky you, apply your normal approaches, bearing in mind that at this point the risk profile may very well have altered. Like in a game of Chess, even though you have a strategy, you must always re assess your options after each move.

Just because a market is overbought doesn't mean that it won't go higher often it means that it will. Buy a rising market!

Just a few observations for anyone interested, for the others please feel free to ignore!

Regards

Johno
 
Quote from Mav88:

Do all fat people wait this long into summer?
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It's the middle of winter here, if I put large shorts on, I'll have to sit down to take a leak!

Regards

Johno
 
Quote from drukes1234:

We're way overbought, I'm with you short term but leaving some cash on the sidelines to add if they rip this thing higher
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This market is full of hot air and PR spin. The majority of earnings reports I'm reading are not earnings at all. They're simply beating expectations, which were too low to begin with.

"XYZ reports sales down 42%, but beat expectations."

Stock up 25% in a week.

All hot air.
 
Hi guys,
I'm curious, what means do you employ to protect your accounts when you go short in instances such as the current bull run?

Regards

Johno
 
Quote from martymjp:

Shorts scurrying like squirrels to cover end of day!
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Financials and transports WEAK all day long.

I guess some have their dow 10,000 rally caps on for the big day, its only another 13% away, I think we get this run before August 1st, 2009.


Risk free returns on wallstreet.


:p :eek: :p :eek: :p :eek:
 
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