"There is much to be learned from a rainstorm. When meeting with a sudden shower, you try not to get wet and run quickly along the road. But doing such things as passing along the eaves of houses you still get wet. When you are resolved from the beginning, you will not be perplexed, although you will still get a soaking...This understanding pertains to all things..." Hagakure PEACE and good trading, Commisso
Hmm... Short-term trading is about odds. Long-term investing is about fundamentals. Some, technical setups have better chance of success than others Short term trading is about order flow and if you don't know what the orderflow is the next best thing is to read the tape. There is a saying Tales of the tape. The tape tells you everyone thing about a stock and the market look at ENRON the stock was free fall before any bad news there was no setup just the tape saying to sell.
Brother Protrader, Please partake in the pleasurable experience of speaking with me in real-time on the new Elitetrader chatroom, kindly set up by Baron. Sincerely and with brotherly affection, Candle http://www.elitetrader.com/ch/index.cfm
easyrider, sorry didn't respond earlier, just saw your post. don't know how i missed it. i nailed that day but good. the little pullbacks didn't skake me out, i knew BETTER!! and i was RIGHT! proof in the puddin is eating it my friend, don't EVER forget that. :-D protrader1 PS {{sigh}} TODAY was another GREENIE for me! hehe!
CEPH is one of my basket stocks and I woke up late and missed getting in on that one. Still holding PCSA from Friday short however along with CREE, LGTO, and MCAF as well. These easy down days are getting more common--must mean the market is pretty weak.
Dearest Brother Protrader, It is with great pride that I can call you my brother... your $13k victory today was truly of epic proportions, and my brotherly affection for you is reaffirmed on that basis... and to think that it was my words that inspired you to trading prowess... I am so flattered for your prior gratitude and I am now in the humble situation of having been beaten (profit-wise) by my former student... but at the same time, I take pleasure from having led yet another Brother down the road of Enlightenment... With sincere and fraternal feelings of affection for you, my brother. Candle P.S. YOU SEEM TO HAVE DELETED THE POST THAT I WAS REPLYING TO.... NO NEED TO FEEL MODEST ABOUT YOUR $13K VICTORY...
Dearest Brother Protrader, Do them both, for you never know in advance where the action will be! With sincere and kind feelings of brotherly love, Candle
Brother Protrader, LAVIDA LOCO should be LAVIDA LOCA, as VIDA is feminine in Spanish. Keep kicking a_s nitro