Words of Wisdom

Quote from bighog:

just a thought on how far we have come and have not...:D

This year we see the "bellwether Stock" of GM fall from grace and the rise of this thing called GOOGLE.....:D

John Wayne is no longer with us, but if you like there are plenty of those old cowboy movies of his around. Wonder what he would say if they asked him to be in a cowboy movie called "Brokeback Mountain"? Is this what can be called the new "cowpoke" type movie?...............rest in peace John, you are missing nothing.....
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Culture wars. Gay cowboys. Christianity is about opression. George Washington is just some dead white guy that held slaves.

The people who say these things want you to feel as empty as they do - which will happen if you believe what they say.
 
Get the idea of getting rich out of your head. Trading is hard work like any worthwhile objective. If your ego will not let you be wrong on half of your trades, find a new field of employment. Always take the first loss, it is the only way to stay in business. If you do not know where you are wrong, do not take the trade. Test your methods in real market time, with small positions. Paper trading is worthless. Longer term trends need to be respected. Always look at the big picture first. Take money out of your account as often as possible. If you lose more than normal on a trade, stop trading and figure out what happened. If you do not love trading, do something else. Truth is I have been wrong on the market all year and still I record a good profit for the year. I say this to let you know, a good plan will always save your tail. It is not about being right, it is about not staying wrong.
Have a great day.'
Keith
 
"Son", he said, "No matter how far you travel or how smart you get, always remember this. Someday, somewhere, a guy is going to come to you and show you a brand new deck of cards on which the seal is never broken, and this guy is going to offer to bet you that the jack of spades will jump out of this deck and squirt cider in your ear. But son, do not bet him, for as sure as you do, you are going to get an earful of cider."
Damon Runyon, in 'The Idyll of Miss Sarah Browne'
 
Quote from duard:

Patterns exist. Worth studying

Today is like yesterday so far and yesterday the low of day came in at 9:15 and 9:30am central and 10:15-10:30 New York time.
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That day the low of the day was 10:40 am. EST. Coincidence?

Today was a bracket am session.
 
Don't get hung up on absolute specific times or pivot prices. Look for a range and a swing or change in balance between buyers and sellers at those critical times. Depending on the "weather conditions" follow through may or may not occur.
 
Quote from duard:

That day the low of the day was 10:40 am. EST. Coincidence?

Today was a bracket am session.
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Bracketed all day. OPEN = CLOSE. Not unusual after big outside days. Yesterday took out all of last week's range.
 
Mine is a simple one. Always liked it. Others have used it on ET; so have I.

Its an old salemans mantra.
"You didn't plan to fail; you just failed to plan."
:)
 
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