Quote from athlonmank8:
Why would I be angry? You saying that....makes me angry.
I get it now haha. I apologize. But you need to understand why I got angry.
I covered 1/2 @ b/e yesterday. That would be an indication that I thought I was wrong. Riding the rest waiting to get a confirmation that I was. The loss is currently .2% of my portfolio (It's like getting punched by Barney). I was looking for a return of 2+%.
I made assumptions after your second post.
This was your 2nd post to this thread.
Luck actually has nothing to do what what we're doing. It was quantified based on a historical pattern. The trade was taken with minimal risk.
When I see that statement I automatically assume that you assume we have no clue what we're doing and trading based on an agenda of "it's gone up too much".
That's not the case at all.....it's a trade plain and simple.
No, that's cool. I understand the drive to want to make a trade based on technicals, overbought conditions, divergence, whatever. I had that from March through August of last year. Until I realized that all my indicators, in fact most indicators completely, were irrelevant in the face of a "controlled" or manipulated market. It all goes out the window. So until it returns, I buy on dips, with smaller than average positions, and I keep my stops tight.
And it's worked since August. Eventually, that'll change. And when it does, I'll get stopped out (once) and re-think.
