July 10, 2014
See status first line of post right above yours - unchanged = doghouse
See status first line of post right above yours - unchanged = doghouse
Great Depression 2 underway as of July 25, 2014
- Thread starter AfterLOS
- Start date
status in detail: Master STOP for the whole shabang is NOW one hair below June 3rd, 2014
Losses continue but I hold my positions firm as-is
Rationale but to others its going to be rationalization and stupidity because I've abandoned the STOP @ $1283 and gone with a lower STOP.
Why the STOP now firmly placed right under June 3rd, 2014?
Because the move to July 10, 2014 is a 5-wave move. Yeah yeah I know Elliottwave has killed more folk than WW1&2 but I'm going with it. Don't even know if Prechter's gang at EWI has called it a 5 or whatever.
If I'm correct I should get at least a C-wave up - if I'm fortunate to recognize its beginning I will buy more and reduce losses at lightning speed. If the 5-wave move (signature of a new trend) is in fact the start of a new bull its no surprise to me because I've called Gold blasting past 2k towards 3k or 4k.
If wrong I take the entire loss at June 3rd low penetration and walk away.
Done.
Why the STOP now firmly placed right under June 3rd, 2014?
Because the move to July 10, 2014 is a 5-wave move. Yeah yeah I know Elliottwave has killed more folk than WW1&2 but I'm going with it. Don't even know if Prechter's gang at EWI has called it a 5 or whatever.
If I'm correct I should get at least a C-wave up - if I'm fortunate to recognize its beginning I will buy more and reduce losses at lightning speed. If the 5-wave move (signature of a new trend) is in fact the start of a new bull its no surprise to me because I've called Gold blasting past 2k towards 3k or 4k.
If wrong I take the entire loss at June 3rd low penetration and walk away.
Done.
Long ago, I was short Mid-am T-Bonds, $15.625 a tick, I was so convinced myself the highs were in and was only to risk $300 on the trade, price when to $300 in the hole and broker didn't see it and it came back a little, I took that as an omen, LOL. I went on to totally wipe out the account of $10 grand plus, I was coming up with so many excuses, I let the wrong parts of my brain to keep saying it was going to turn. It was one of the times I actually learned from taking a beating, market does not care who you are, when you are incorrect with my timing-Get out. I think much clearly when I am out, and biggest thing I learned, after I get out, is trade good enough to get in again with a true signal?
Monthlies continually show longer highs.
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Few scenarios with anonymous posters:
1. sim trade, tried to raise followers, failed
2. little money, it's all-in like poker. this is most likely.
3. some money, and now down 50% so need 100% breakeven...so hold
4. lots of money.....LOL....this is not an option here
5. drank the TA kool-aid and afraid if they sell it will be the low
6. was convinced they would be rich by all their line charting, this takes time!!!
1. sim trade, tried to raise followers, failed
2. little money, it's all-in like poker. this is most likely.
3. some money, and now down 50% so need 100% breakeven...so hold
4. lots of money.....LOL....this is not an option here
5. drank the TA kool-aid and afraid if they sell it will be the low
6. was convinced they would be rich by all their line charting, this takes time!!!