The treacherous path to $200k a year

Quote from Steve Tvardek:

You know, saying that something is true, doesnt make it true.
More...

Steve,
That is no matter, Ones opinion has no matter on another opinion :)

He who thinks , becomes.

Uninvited,
Are you the question mark man?


Barli,
Good heads up, I will be watching the oil sector, right now
I'm head hunting LEN tomorrow. Oil sector is at the first down movement, shorting first down is not as easy as shorting the 2nd down with lower risk :D
 
Well, you know what my Daddy said:

Son, you gonna drive me to drinkin'...

if you don't stop driving that

Hot Rod Lincoln!


Have you heard this story of the Hot Rod Race
When Fords and Lincolns was settin' the pace?
That story is true, I'm here to say
I was drivin' that Model A

It's got a Lincoln motor and it's really souped up
That Model A Vitimix makes it look like a pup
It's got eight cylinders, uses them all
It's got overdrive, just won't stall

With a four-barrel carb and a dual exhaust
And four-eleven gears you can really get lost
It's got safety tubes, but I ain't scared
The brakes are good, tires fair

Pulled out of San Pedro late one night
The moon and the stars was shinin' bright
We was drivin' up Grapevine Hill
Passing cars like they was standing still

All of a sudden in a wink of an eye
A Cadillac sedan passed us by
I said, "Boys, that's a mark for me!"
By then the tail light was all you could see

Now the fellas was ribbin' me for bein' behind
So I thought I'd make the Lincoln unwind
Took my foot off the gas and man alive
I shoved it on down into overdrive

Wound it up to a hundred and ten
My speedometer said that I hit top end
My foot was glued like lead to the floor
That's all there is and there ain't no more

Now, the boys all thought I'd lost my sense
And telephone poles looked like a picket fence
They said, "Slow down! I see spots!"
The lines on the road just look like dots

Took a corner; sideswiped a truck
Crossed my fingers just for luck
My fenders was clickin' the guardrail posts
The guy beside me was white as a ghost

Smoke was comin' from out of the back
When I started to gain on that Cadillac.
Knew I could catch him, I thought I could pass
Don't you know by then we'd be low on gas?

We had flames comin' from out of the side
Feel the tension, Man! What a ride!
I said, "Look out, boys, I've got a license to fly!"
And that Caddy pulled over and let us by

Now all of a sudden she started to knockin'
And down in the dips she started to rockin'
I looked in my mirror; a red light was blinkin'
The cops was after my Hot Rod Lincoln!

They arrested me and they put me in jail
And called my pappy to throw my bail
And he said, "Son, you're gonna' drive me to drinkin'
If you don't stop drivin' that Hot ... Rod ... Lincoln!"

Sorry! I just like that old song. :D

<EMBED SRC="http://www.eng.rpi.edu/soe/media/hotrodsmp.wav" AUTOSTART=FALSE LOOP=FALSE WIDTH=145 HEIGHT=55 ALIGN="CENTER">
</EMBED>
 
OK, I haven't been on ET for a loooong time. Just came here today and read the first page of your journal and then jumped to the last. Please tell me this time travel BS is just a joke? :confused: :D
 
Yes , I missed the short on LEN, DHI grouping

From this day on , I will not sleep after 1:00 during trading days.

Been waiting for this low risk /high reward 2nd movement opportunity for 3 weeks now.

Oh well, always other opportunities around the corner.

Just got to wait a few more weeks.

A note on my error:


I missed the whole opening completely, so I was waiting for a rally to get into short to minimize risk,

in my mind: Rally above and pierce any type of resistance so I get a better price.
In reality: Weak stocks will always be sold into, Strong will always be bought into, there will never be any type of piercing.
In conclusion: If there was piercing, then this stock was not as weak as thought out ot be. Sort of like, if the stock is able to come and take your order at your destined price, be prepared to lose money.
Either you short at the exact right time where the risk is minimal, or you are just not playing in the game.
I need to pick these points espically because I want to hold for weeks where price will not retrace back.

PROFESSIONALS SHORT HERE: X
AMATEURS SHORT WAY DOWN HERE:







X


IDIOTS JUST DON'T GET AN ORDER OUT: ??
 
I am short:

LEN 58.07
STOP LOST 5 cents.

DOUBLED position 58.09

If price retraces, I am out.
Correct situation: Price will not retrace to my position for quite a few days.
 
You must log in or register to reply here.
Back
Top