Paper traders usually hold through all downswings and add during the drop. Im guessing Pink Man's paper account is experiencing stellar performance this yr. -burn8
It is with great sadness that I post here today. My friend of several years and my informal trading mentor, Bighog, passed away early this morning following a long illness. I met him back in early summer 2008 in ET's old chat room. He loved the fact that I would just fearlessly put on trades despite only a few months of experience in the market. We hit it off well and he was a regular poster to my trading journal here on ET. Hog loved trading the ES and shared with me so much technical price action knowledge of its workings. I still have several of his simple black and white bar charts annotated by hand. After a long time stubbornly trying to figure things out my way, I came to understand the simple and effective concepts behind what he'd tried to tell me all the time. We spent months together on Skype every day for full pit sessions. If I invited a newbie to join us, he'd never hesitate to tell it like it is. "You're undercapitalized. You're trading scared money and wasting our time! Get a job, save some money, then come back here and trade!" I will miss his stories of trading the ES, his political rants, and his periodic YouTube links he'd send me to all sorts of old songs. This one's for you, Hog!
I am sorry BigHog is no longer with us. Every loss of a friend, relative or mild acquaintance is like a slap in the face, that makes me put the things in life back into a more proper perspective.
Wow. Sorry to hear that. He gave me the first piece of advice that I took to heart. My condolences to his family. I sincerely hope that he, and those that loved him, didn't suffer long.
Sorry to hear that NoDoji. Thing I remember most was him talking about catching the "meat of the move." No doubt he was full of gems like that. Thanks for letting us know.
May want to check that calendar bro.... http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm