bye bye market-yhoo intc tank it...700 pt drop -here we come

Quote from Cygnus Atratus:

Guys just trade what you see in front of you, not what you would like to see........sheesh, this is the simplest thing you could ever do ! You folks think too much, far too much. Do you realise that no matter how much thinking/analysis/ranting you do its still a 50/50 chance on outcome !?!


50/50

This game is already tough as it is, why make it harder on yourselves, just make the trade and move on !!! Move on !!:)
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I hired a mentor and the guy improved my trading 200% and he said the samexact thing you are saying. My bias towards the market was always the opposite while trading, so I had to learn how to ignore it. Like this post LOL. Anyway, thanks for re-confirming.
 
Look guys, we're still in a liquidity bubble with Big Ben simply wringing his hands on what to do next. He's got quite a tough decision ahead of him....
Until interest rates start to go up, this market will continue in that direction.
 
'My bias towards the market was always the opposite while trading'

what do you mean by this?give an example...do u mean if you think the mqrket was going down you would go long?

I buy and short on up and down days...I short blow offs and buy selloffs but only on the dow 30 stocks and sometimes orcl,dell,csco.For instance i was shorting ko and c today.
I close all my positions same day -i dont hold overnight.
Every day is a new day and opportunity.I try to scalp 5-20 cents out of each a trade of 500-1000shares.I go for singles not doubles or home runs.I am conservative and would be better off staying all day with a position but i have been burned too many times in the past.I prefer to sleep well at night.I hated holding a loser position overnight-i used to just dread the next morning.
 
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