Giving up is hard to do......
- Thread starter bobcathy1
- Start date
Don't agree (at least for me) ... the market can change in a heartbeat intra-day and traders need to adapt accordingly. Further, if one is doing this for a living they can't afford to sit on the sidelines on down days. From March 2000 until the end of 2002 playing only the long side would have made for a lot of "vacation" days. I'd bet Tiger Woods wouldn't perform as well if someone took 50% of his clubs out of his bag.
I was hand charting the market then, that got me real intimate with it. Most weeks there were at least two rallys during the period that you mentioned. Sometimes the market would rally three to five days then go into a big sell off. The total sell-off day was a feature of the market then. After the sell-off you could look for upside the next day. In the worst of times there are long side opportunities. Almost on any given day sort your watchlist for highest price gainers and you'll all see the stocks that rallied, even when the market is flat.
I'f shorting is making you money then you have an edge there. My edge is on the long side.
Quote from bobcathy1:
I had decided to give up day trading a month ago.
Along comes another guru who helps me a little than disappears. Today I am in the same place. Quitting day trading.
I think some people just don't get it no matter how hard they try. And I have tried so many things and read 100 books on the subject, dozens of tapes and millions of postings.
I read that all the great traders eventually lose all their money. I would rather stink in that case!
I have to go back to work or I have to sell my boat. So now is a good time to chuck in the towel. It was a fun 4 years.....:eek:
Weird... anyone know why this seemingly polite and moderate poster was suddenly banned?
check the first post on this thread - under the name bobcathy1 it says banned, just like our dear friend coinz
That is possible. Some people become addicted to such things as chat rooms and bulletin board systems such as this. I am a member of other BBs where I have posted well over 3000 times in the past 6 months, and find myself checking replies at least every 25 minutes (unless something important is going on).
It could also be that she has finally put her foot down and decided to totally quit trading, as she had discussed - In which this BBS reminded her of trading, so she requested to be banned.