Bear Market almost ready to resume. .....
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Short is the way to be. Everybody in existence is Long. Where is the fuel going to come from to go further north.
Violation of Warren Buffet's rule RAMPANT at ET
More confirmations pouring in that ET is totally cott up in irrational exuberance of a Top. Same-o, same-o like at 2007 top.
I'm going to find him and take him to lunch. A fine gent. A trend rider like Ed Sekota, Bruce Kovner. Now these are the gents I can as a young trader learn from. Learning never stops.
Ed Sekota gang is SHORT DIA
Bruce Kovner gang is SHORT Qs
Who is Bruce Kovner?
He is a trend rider who uses 5% stops. When he and a couple other trend surfers were asked where they place their stops, ............... "where nobody can find them"
Bruce said: (note: in saying so, he just described Fibo_trader to a T)
I stay rational and disciplined under pressure. What I am really looking for is a consensus the market is not confirming. I like to know that there are a lot of people who are going to be wrong.
He is a trend rider who uses 5% stops. When he and a couple other trend surfers were asked where they place their stops, ............... "where nobody can find them"
Bruce said: (note: in saying so, he just described Fibo_trader to a T)
I stay rational and disciplined under pressure. What I am really looking for is a consensus the market is not confirming. I like to know that there are a lot of people who are going to be wrong.
Bruce Kovner: (describing Fibo_trader to a T = contrart in the extreme)
Successful traders are strong, independent, and contrary in the extreme. They are able to take positions others are unwilling to take. They are disciplined enough to take the right size positions. A greedy trader always blows out.
Successful traders are strong, independent, and contrary in the extreme. They are able to take positions others are unwilling to take. They are disciplined enough to take the right size positions. A greedy trader always blows out.
Bruce Kovner: (describing Fibo_trader to a T)
As an alternative approach, one of the traders I know does very well in the stock index markets by trying to figure out how the stock market can hurt the most traders. It seems to work for him.
As an alternative approach, one of the traders I know does very well in the stock index markets by trying to figure out how the stock market can hurt the most traders. It seems to work for him.
Keep adding to your short and you may have to buy a whole new herd of piglets to run off a NEW cliff.....
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