seconds before disaster

I thought it would be fun to try and remember some things I was thinking before I lost my shirt. You have any?

1. I'll go for just one tick today (normally don't scalp)
2. It HAS to hit ##.## (or the famous corollary: there is NO WAY the market can go to ##.##)
3. Pork bellies sure can move, I think I'll give it a shot
4. I don't think this report will mean much
5. This market is going nowhere, I should be ok without a stop while I (nap, run errands, etc.)
6. How can the market go anywhere but up? Thanks Wall Street Journal!

 

Pork bellies is a dead market soon to be terminated.

 

7. Stay calm ... it's certain to come back.

 

I traded bellies 10 years ago. Those fast 100 pt moves were exciting.

 

8. "This is still a good trade, I think I'll average in some more to improve my cost basis."

 

This time its different

 

Dammit! Last time I bought the top, so i'm staying short no matter what.

 

9) well,if going short is wrong,going long must be right
followed by:

10) damn it to hell..i just dont believe this...

 

11. It's OK; a skilled trader knows when they can break their own rules ...

.... always followed by 10., above

 

I'm doing great.