tampa's Revenge

Tampa,

I thoroughly enjoyed reading both your journal and blog. Your unparalleled wit provided me within countless hours of laughter. You have the gift, and remain a true artist. While others may work in oils or clay, you choose the canvas of the mind's eye. In a word - brilliant. Thank-you for the many 'observations,' and I look forward to reading your musings well into the future. Should you ever decide to return to the world which brought you your first taste of fame and fortune, send out an alert. I for one would love to witness you live and on stage.

To the individuals who choose this forum as their personal soapbox, enough of the propaganda already (pro or con). Nobody likes a journal flea. At least allow tampa to reach 50,000 views before you provoke a journal closure by Magna The Wise.

- Spydertrader

 

Washington D.C. In a stunning turn of events, the popular fill-in moderator at Woodie's CCI Club, Samson77, was placed on the Terrorist Watch List by the Department of Homeland Security. Sam, as he is known to his friends and followers, launched into an impassioned anti-American rant that included calling our leader a war criminal. Mr.77 went on to call any patriotic Red State American who cast his valued vote for President Bush, stupid, and implied that such a vote was proof of a lack of a moral compass.

Elite Trader members were shocked at the tirade from our neighbor to the north. An emergency meeting of Woodie's CCI Club elders has been convened to discuss what sanctions to place against Samson77, who also violated a long standing prohibition against mentioning religion, sex, certain blogs, and politics.

 

Well, at least Samson won't have to worry about flying again. (Oh I forgot, he already stays away from airports.)

Don't expect to cross the border now Samson, at least at a customs station.

 

It's ok shamu, he'll probably just swim the rio grande.

 

For the record:

I love America but I hate stupidity....

 

Have you ever heard the adage: Have a trade plan – write it down – trade your plan.

Our very own beloved Woodie’s CCI Club member “Racer” shattered the world’s record for the longest trade plan – coming in at 30 pages in length. (no, I ain’t making it up)

Early reviews of the tome, left observers aghast. “Racer”, who has been known to parrot back everything the founder of the club has ever said, lists at least two non-official trade setups, several non-approved nuances, and the DiNappoli Oscillator as an important part of his latest trade plan.

While billed as a revision, the new plan has little in common with the old.

http://home.comcast.net/~racerray1317/racerray.html

Critics noted one glaring flaw. The author mandates a daily review of all elements contained in the document, but experts pronounced it impossible to get through it before the market closes for trading.

One side benefit, overlooked by reviewers, is the fact that trying to read the trade plan has a tendency to put most people to sleep – while it leaves others doubled over in uncontrollable laughter.

Free copies are available for downloading by all interested parties with at least 27 gigs of hard disk space.

 

I offer a somewhat simpler single page plan -


Trade Plan


#1 at the top of any Trade Plan: Don’t do anything stupid.

If it will make you feel better, go ahead and list as many other items as you want to, but unless you really get carried away with minute detail, it still all comes down to #1 above.

Conventional wisdom dictates that you write out your trade plan, and review it daily. Come on, let’s get real – if you can’t remember: Don’t do anything stupid, than you have a serious problem.

But the main reason for NOT committing your so called trade plan to writing, is because you’re not going to follow it – and you’ll only end up feeling bad about yourself.

You don't need the extra grief...


So let’s examine what “Don’t do anything stupid” really means.

It means what it says, and if you don’t know what’s stupid in the market, you are in serious deep doo-doo.

You don’t put on trades that don’t have a reasonable expectation of going in your favor. You don’t let a profit turn into a loss. You cut your losses short, and you let your profits run.

Doing anything else is just plain stupid.

Theses things are only common sense, but no matter how hard you try, you will end up violating them time and time again. So what’s the use of writing them down – who are you trying to impress?

Just do what you know you should do, and save the paper.


--------------------------------------------------------------------------------

 

sometimes it is better to travel than to arrive.

 

Samson is biased, just as most people are, and certainly all successful people.

You have to be biased in what you are doing, meaning, you have to believe in what you are doing in order to succeed. But on the other hand, Samson makes much more sense than an average Woodie basher.

 

electron,

but this is woodie's first rule of trading - don't form a bias.

maybe samson is a slow learner.