discussion: 'breakouts offer risk beyond what makes sense, corrections offer too many retail losses'

[murray t turtle]

http://thepatternsite.com/at.html

Has chart patterns.



Had to learn hedging hard way, tough to backtest, what started out as simple way for insurance eventually became complicated. Some commodities don't have options or enough volume, have to think outside the box. Hedging stock positions, just made more sense to hedge with Future Indexes then hedge those and even use futures to hedge short options.

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Exactly, it can get very complicated .
Even as good as State Farm is as figuring risk; they simply left FLA property + casualty business years ago\too much storm risk. Insurance contracts are fun to read, even if i dont understand all the lawyer language.
10 or 20 year charts help with risk reward; but Citigroup reverse split it [x10,LOL] so its really $7.10 not $71.00........................................................................................