11) I knew it. Although you'd have to be in the green first. They say greed is not good for trading. 12) Anyone can claim anything here. I have my doubts. Wonder why you think all of that is wrong about Hoover. Bottom line is it is psychological. People don't like the idea that there is no hope if everything is going down. What FDR did was to at least make people feel that the gov. is willing to help them because no one else will. Hoover is non-interventionist but in a crisis, not doing anything is detrimental to the psyche of the country. People can argue whether FDR's policies worked but the fact is that regular people can at least fell better that a large entity is trying to help. It's not what you as a minority think but the majority of people think that creates spending and an uptick in the economy. That is why trading on politics is wrong. It's not what you think about certain elections that matters. It's what the crowd thinks that drives the market. You miss that whole point.
11) Isn't that why we are all here, trading 12) Doubt away, my sheepskin's don't require your belief. Sort of expecting a pull back in europe tonight 2am my time. I think the room to the upside is a bit limited for the risk involved, so I will remain flat until my impressions change.
Just wasn't my week. Loss of 5.4% this week. s&p bumping up against resistance this week, hopefully the bad news is priced in . Vix and s&p level room for growth . I suspect it depends on the situation in europe.
Correct me if I'm wrong...but u r up 46% since 3/7/12...r u not? CONGRATS! Disregard G-String...it's called PnL Envy (not to b confused w/ the more common type that if u add 3 vowels to "PnL" creates an offshoot of the root...
Yes, In late march I hit my recent high with apx a 60% gain then took a big hit 3/26. I've basically made all my gains in a 3 week time period. I wish I had discovered this approach in december. I would be looking at nearly 170% gains. Kinda been bouncing around trying to get through the 700k barrier. The problem is the market (s&p) is kinda stalling out here, market conditions appear to reaching the end of their elasticity but I'm not ready to go short yet. The only question is how expensive are the draw downs going to be? With my backtesting max drawdown was like 47%. So I'm expecting for a bumpy ride. My problem with this is I'm undercapitalized by about 66%. I'd like to trade a million and have a million in index funds for back up.
Yes somewhere around 55 -57%. I guess in a way I've quit fighting the central banks of the g-7. I don't think they will win in the end but I as a trader must recognize when I'm wrong. I think I'm on the right track now, but a dose of good luck won't hurt any .
Haha.. looks like his account hasn't changed much since mid March. Which I guess is probably a good thing considering the title of this journal.