Black Tuesday

RM is right.

Jesse Livermore mentioned this as well: "here I was sitting with my "conservative" winnings. You know what made me the big money? Sitting tight that is! Sitting tight!".

BP III
 
Quote from BoyPlunger:

Rearden Metal: I always enjoy your posts. What's your view of the markets right now?
More...

Thanx! Honestly, I'm not sure at all regarding what comes next.
I'm just focused on the very near-term, making quick hits on intra-day movements.
 
And for our readers; what was the first again... something to the effect of "Hesitating on Entry"



Quote from Rearden Metal:

Quitting early after a big gain is the second worst trait a trader can have. No offense, but you'll never be rich.
More...
 
Quote from MrDODGE:

Yep, the Fed move was leaked somehow leading to that rally.
More...

It had to. 300 fucking points reversal for the dow..or 2.5%

I remember seeing the final closing price and I thought it was an error on my computer or browser. I coudn't beleive it. The dow dropped 100 points after the philly fed and I thought it was certainly toast for the day.
 
Quote from Bootsie:

And for our readers; what was the first again... something to the effect of "Hesitating on Entry"
More...

I was wondering when someone would finally ask that, and you're dead right. <b>Trigger shyness</b> is the single worst trait a trader could have, IMO. I've known dozens of traders with the crippling ailment of trigger shyness, and not a single one of them ever went on to build anything resembling a successful trading career.
 
You must log in or register to reply here.
Back
Top