General trading philosophy (currently)

Discussion in 'Energy Futures' started by formerstreetman, Jan 24, 2009.

  1. Here is mine:

    Never mind going short the minis.

    Never mind going long oil.

    Never mind going long Gold.

    I belive a general philosophy at any given time is essential in profitable trading.

    What is your current philosophy?
     
  2. ==================
    Fs T-man;
    Well dont agree with all his politics, but George Soros had a brilliant quote''market has a bias.'' I call them trends;
    bias maybe a better word.

    DIA,DOW long term trends are down;
    panda bear, polar bear trends.C,BAC are down,community banks are UP.

    Oil/gasoline trends, see my comments elsewhere this month;
    Royal Dutch Shell did sell a tanker full[bloomberg,com/1/27/09]

    Not long or short gold futures/GLD now;
    Dr Pat Robertson is profitable/ long gold futures. May get in that trend;
    even though lots of traders in that luxury market. As IBD likes to note the 200dma .200dma is up. Havent checked gold 50dma lately......................................................................................:cool: