if you can do it, more power to you.
sur f
The Surf Report
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if you can do it, more power to you.
sur f
That makes for a fairly limited diet, and suggests a lifestyle of feast or famine. But, hey, fasting is good for the system and it builds character.
As an aside, if you really don't believe that you have the timing thing down, then what makes you think you can call the "whales?" How can a recognition of one's limitations justify going all out? It is precisely because my own market timing is at best limited that I don't make it a habit of going for the big swings. People with poor night vision would be well advised not to run fast in the dark.
From here we should see a short term bottom created in both the eMini DOW & emini Crude.
eMini DOW range - 14267 Resistance & 12742 Support - Current Direction will be tests of Resistance before 12742 is Breached. Holding longs for further challenge of 13493.
eMini Crude range - 99.200 Resistance & 87.150 Support - Current Direction will be test of Resistance as long as 87.325/87.150 Support holds. Breaching short term Resistance of 89.975 was a good sign that if another Support failure appears we will have strength to challenge targets of 91.000, 95.175, 98.275, 99.100 and finally 99.200. Shorts abandoned, looking for for long entry.
Seeing that all markets (& charts) are in a constant state of oscillation, both short term & long term, one only needs to follow those short term oscillations as they move up and down inside the longer term extreme Swing or Position oscillations.
One only needs to follow the road that price is laying out in front of you. What isn't necessary is trying to guess where the markets will go based on marginalized math and flawed statistics.
"As the whales move toward extinction, the oceans overflow with fish . . . chow down." Bill Schamp
<b>SURF ALERT</b>
oil inventory report--- BEARISH numbers for OIL imminent.
maintaining shorts into release.
surf
oil inventory report--- BEARISH numbers for OIL imminent.
maintaining shorts into release.
surf
IMO, you've got in backwards T-Dog.
The less skilled/edgeless trader SHOULD go for home runs. The same way I'd look for the chance to go all in against a more formidable poker opponent. A mediocre quarterback has a better chance of hitting a bomb or two than grinding it out.
IMO many traders, "pro's" in fact, lose their money by not optimizing the few good calls that most EVERYONE is capable of making.
Yes I believe in random results ect. but I'm also cognizant that opportunities aren't just dealt out of a vacuum.....
LOL, the market is moving over 200 pts against your position and you're still underwater after entering this ill-concieved trade over five days ago (point-in-fact, the trade has never been in the green).
At what point will the voice of reason prevail and someone (maybe the lovely Annaland) advise you to cut your losses and amit that this was a really bad idea. :eek:
JJ
yes, good points.
do you believe that a retail trader can actually have a real edge?
regards,
surf
Thanks for the commentary PP, I agree with you 100%, but my question for you (and anyone else) is this.
What if the quarterback doesn't have the arm for the long range, and doesn't have the precision or multi-skill sets required for short-range tactics?
Then what?
JJ
P.S. Football allegory very apropos.
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