Pinkmans successful strategy is there is no such thing as downside risk. Works quite well.......until it doesn't !!!
the large fish gobbles the small fish but there is little chance he takes the time to find out what he thinks
Well put! I also like to think of it as small fish, in search of an easy lunch table, goes inside the belly of the big fish.
Mostly just works. I've given up ever trying to short this market. Ever. Long and strong! To infinity and beyond!
I was trying to avoid shorts today, even though I was getting some good signals. (YM) Obviously, I was wrong (in that good shorts showed up). Wanted my shorter term to match my longer term chart. Trade what you see, not what you think. Oh well... I'm sure this never happens to anyone else. ;>)