Remain calm...
- Thread starter stock_trad3r
- Start date
Did he win a spinning top in his daily box of cracker jacks? That kid should get his head checked, I think he might be a clinical moron. 
I am at best ambivalent to where we go from here. I would not be sursprised to see the mkt up big at the end of the day. The s&p has and should go to a new high from here. Christ we were less than 1% away 2 days ago. The thing that makes me somewhat leery is what is the next catalyst from here? M&A only lasts so long and there are fewer and fewer generals leading. Earnings are ok, not great, and most definately slowing. That said lets see what happens at the close, and early next week.
Its not an arguement one way or the other, it WILL hurt you and its b/c you are not flexible. There will be a time when your dip buying wont work anymore and because you are so throughly trained to always buy, the blinders you put on will make it impossible to see reality. Enjoy it while you can bro, it will happen to you and to anyone who is so biased (long or short). The mkt always punishes those who see only one side. And the worst part for you is, the mkt tends to go up over a long period of time slowly and surely and then if and when it does retrace, it drops at a much higher speed.
Bulldozed!
Note: I dont know where the mkt is going in the long run, however am prepared to trade either way.
Bulldozed!
Note: I dont know where the mkt is going in the long run, however am prepared to trade either way.
One thing that made me a much better trader is so far this year, i've never been short. Last yr in 06 i was short probably 50% of the time...looking at the dow trend..i must have been out of my mind..lol. Its OK though because I was a newb. Or at least newbier than I am now. Is that even a word?
cm