Quote from Buy1Sell2:
Thanks for the interest. This answer would be too long, so I'll put it in a list format:
Highlights(some of them) in no particular order would be :
--Long the Soybean Market of 1988
--Short the 87 SP Crash
--Getting the reversal nailed in the Euro futures at the end of 04
--Coming to the realization that the indicators coupled with price were much more objective at determining where resistance and support were than subjective lines (This was big).
--Coming to the realization that option selling, not option buying, was where the money was.
--Long the SP for most of the 90's
--Realizing that the way to win was using extremely low leverage and averaging in
--Long the 93 Soybean Flood Market
--The advent of the Globex etc and electronic trading round the clock
Negatives (and there are very very few really):
--Blowing 40 percent of my account early on before I knew what I was doing(that might actually be a positive)
--letting some bozo talk me into vertical bull call spread as a low risk trade--what a joke
--Paying high commissions initially
--Having to keep my charts manually everyday which took most of the evening.
As to the question about O/B areas on the SP. Yes, it is just looking at longer time frames technicals and knowing that I am generally early when I start getting in.
