There are old traders and bold traders but no old bold traders. All his previous calls had cojones behind them. That way, if any worked he can reference how much conviction he had.
Very true. As for his previous calls, I am not a long time follower. Did his previous calls include 90% all in, I'm leaving ET forever if the trade doesn't work out?
In a good way, i hope! Seriously, in all my years of trading and observing the market, I have NEVER EVER seen anything so obvious that the top is in and a large decline was about to begin------ i would not be surprised to see the DJIA below 10,000 before its over. 13,000 is a lock, when, I wish I knew---- surf
No, they did not. I flopped on gold about 5 years ago, but I was heavily biased and had bad information----exactly the opposite of what occured.
Bad information is a convenient hindsight excuse. What makes this "information" so good that it's a guaranteed win? (Again, I think your call is good, but would never put 90% down on anything that I did not have full control over)
Yes, the saying "there are no old, bold traders" ignores the fact that you can start again after a bankruptcy or two..