Market's gotta be rigged

Quote from ProfitTakgFool:

I don't give a rat's ass if the market goes up or down, I'm just here to make money -- period! That's the approach you need to take into the new year.

Your job as a trader is simple -- put yourself in a position to take advantage of opportunity when it is presented. What you or I "think" or "feel" about the market has absolutely no value -- <b>None!</b>.
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So simple... :) :) :)
 
Year end window dressing. Remember, this is the last day to trade for 3 day settlement of shares in 2007. The reason that it's not really up, is that there is still some tax selling going on.

We are the batters, the market is the pitcher, we have to respond to what "is" - not what we "wish" ....... Directional trading takes it's toll after a while.

FWIW, Happy New Year!

Don
 
Right on PTF! Finally, someone who understands what they are doing. Good post.

Quote from ProfitTakgFool:

Market's gotta be rigged -------->>> Sounds as though you are looking to place blame for losing trades. Whenever I read a post that says anything to the effect of, "Manipulation, rigged, fixed....etc...." I know I'm reading a post from a losing trader.

New Year's Resolution: Scrap what you "think" will happen and just trade what actually "does" happen. If you can't let go of your bias' you'll never win.

I don't give a rat's ass if the market goes up or down, I'm just here to make money -- period! That's the approach you need to take into the new year.

Your job as a trader is simple -- put yourself in a position to take advantage of opportunity when it is presented. What you or I "think" or "feel" about the market has absolutely no value -- <b>None!</b>.
More...
 
"The thing to determine is the speculative line of least resistance at the moment of trading; and what he should wait for is the moment when that line defines itself, because that is his signal to get busy."

"...open mind and reasonably clear sight, for it is never wise for a speculator to fit his facts to his theories."
 
Quote from ASusilovic:

You´re wrong ! Take a look at 10 yr notes ! Yields rising ! No recession fears !
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Rates up because nobody wants to buy our debt anymore.


DJ Treasurys Sink Heavily On Poor Auction, Despite Housing

Dow Jones Newswires

Emily Barrett

New York (Dow Jones)--Prices fell heavily for much of the post-Christmas session, dragged by the dead weight of $22 billion in new two-year notes that drew only tepid demand at auction.
 
If the trend is up, look for longs.

If the trend is down, look for shorts.

If no trend, do errands.

If the trend is about to change look for confluence before calling the change.

Only thing rigged is your ability to perform something so simple.

Anek
 
Quote from Anekdoten:

If the trend is up, look for longs.

If the trend is down, look for shorts.

If no trend, do errands.

If the trend is about to change look for confluence before calling the change.

Only thing rigged is your ability to perform something so simple.

Anek
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What's the current trend?
 
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