How did Elite Trader affect your TRADING ?
- Thread starter Bono
- Start date
My ability to make better choices in my trading account (vs. the investment acct.) has improved since I implemented the principles of rs7's concepts on successful trading. I now understand that I had gotten a little lazy with my trades. O.K....maybe a lot lazy. But I'm back to doing what I'm supposed to do.
I think that just as important as learning from threads like rs7's is that many of my ideas about trading have been confirmed. ie: Depending entirely on charts is not a wise choice. That's just one of numerous things I've picked up from you'll.
Last but not least, I am beginning to warm up to the idea of going short on a trade. I understand the concept of how it works but I've had this inner struggle with the idea of desiring that a stock will decline. It's kinda like...um, I know it's legal...but so is divorcing your wife after 25 years of marriage and marrying a 19 year old. It's legal, but is it ethical? Is it morally right? Please don't take this the wrong way. I am judging for myself...no one else. And I admit I am ignorant about it. Several have mentioned that shorting is necessary in this market. I don't exactly understand what that means but I'm listening and learning from you'll.
I think that just as important as learning from threads like rs7's is that many of my ideas about trading have been confirmed. ie: Depending entirely on charts is not a wise choice. That's just one of numerous things I've picked up from you'll.
Last but not least, I am beginning to warm up to the idea of going short on a trade. I understand the concept of how it works but I've had this inner struggle with the idea of desiring that a stock will decline. It's kinda like...um, I know it's legal...but so is divorcing your wife after 25 years of marriage and marrying a 19 year old. It's legal, but is it ethical? Is it morally right? Please don't take this the wrong way. I am judging for myself...no one else. And I admit I am ignorant about it. Several have mentioned that shorting is necessary in this market. I don't exactly understand what that means but I'm listening and learning from you'll.
glad to hear that i contributed something of value to someone.
Lavish, I understand what you mean about shorting...it can seem like an anti-social kind of trade. But it is part of the business. Me, I want the market to go down when I am short, but close up at the end of every day. That way my personal account (RIP) doesn't suffer (too late for that now), and the country prospers.
But that is just too emotional. I missed making a LOT of money because of my distaste for shorting at the end of 2000 and beginning of '01. But I finally had to join em, 'cause I couldn't lick 'em.
But when I am at a craps table, I still always think the don't betters are misanthropes!
Lavish, I understand what you mean about shorting...it can seem like an anti-social kind of trade. But it is part of the business. Me, I want the market to go down when I am short, but close up at the end of every day. That way my personal account (RIP) doesn't suffer (too late for that now), and the country prospers.
But that is just too emotional. I missed making a LOT of money because of my distaste for shorting at the end of 2000 and beginning of '01. But I finally had to join em, 'cause I couldn't lick 'em.
But when I am at a craps table, I still always think the don't betters are misanthropes!