Let's play the GURU Game....One chance
- Thread starter BlueTurtle
- Start date
And you won't - a man's got to know his limitations.
. S&P: tomorrow open up but close down (from close)."The Formula has infinite depth in its efficacy and application, but it's staggeringly simple and completely consistent."
"Rule 1 of any game or con: You can only get smarter by playing a smarter opponent."
"Rule 2 : The more sophisticated the game - the more sophisticated the opponent. If the opponent is very good, he will place his victim inside an environment he can control. The bigger the environment, the easier it is to control."
If you knew his game. It wouldn't be a very sophisticated one now. Would it?.
How much you made in the last rally?. You only had to buy at the close and hold for 2 days... you had the information, but not the faith nor the control...
"The bigger the trick and older the trick - the easier it is to pull. Based on two principles : They think it can't be that old, or they think it can't be that big for so many people to have fallen for it."
"Rule 3 : You will always find a good opponent in the very last place you would ever look."
Quote from clightmarathon:
I buy it now then and hold it for 500 pips.
Ok. You are up almost 100, I am up 200 pips, can we move the stop loss to break even now? Or no need, since it will travel the 300 pips easily?
the Guru Game is soo hard because if you call the market, then the fraudsters will ask, "well, how much did you make."
if you say, likely lying, that you make thousands every day but never show statements, then you actually might get a few suckers to pay you for your guru stuff.
if you don't call the market in public and lose, then your self-absorbing personality isn't satisfied.
if you do call the market in public and lose, at least you can lie about how much you lost and how you made money doing other trades.
so the ideal plan is to lie, call the market on a delayed basis (even if like by a few minutes), and then make money from subscribers.
if you say, likely lying, that you make thousands every day but never show statements, then you actually might get a few suckers to pay you for your guru stuff.
if you don't call the market in public and lose, then your self-absorbing personality isn't satisfied.
if you do call the market in public and lose, at least you can lie about how much you lost and how you made money doing other trades.
so the ideal plan is to lie, call the market on a delayed basis (even if like by a few minutes), and then make money from subscribers.
I'll take a spin. S&P is headed down. We've made an intermediate top. Currently retracing up right now. If we break 1316.5, hopefully move down to 1313, and then the bottom falls out. Limit short at 16.5 even. With a stop at 19 even. 19 might break before, and then we get some upside. Either way, the hourly and 4 hourly are looking down...
At 13 handle....