Urgent Message From Rennick

Discussion in 'Trading' started by William Rennick, Jul 17, 2007.

  1. come on Rennick the ball "blew" this PM!! UP 18 is NOT FLAT on the SPX
     
    #1591     Jun 13, 2008
  2. :eek:
     
    #1592     Jun 13, 2008
  3. bighog

    bighog Guest

    #1593     Jun 14, 2008
  4. Excellent idea, Hog.
    Excellent!
    :)
     
    #1594     Jun 14, 2008
  5. Tompson

    Tompson

    RR, the Ball is billed at >75% accurate, you have just witnessed one of the <25% occasions.

    As you probably know, nothing is 100% in the markets. Fortunately all you need is an edge and money management to make a profit.

    Keep it up Rennick!
     
    #1595     Jun 14, 2008
  6. Indeed, the best call would have been for
    strong market action in the afternoon. The "ball" was neutral all day, which meAns "don't trade" considering it was a Friday with an already strong open, not going long into that kind of strength was not unwise.if the "ball" would have called for weak action that would have been a bad call.

    Spinmaster Rennick out
     
    #1596     Jun 14, 2008
  7. Ditto. . . and if you hang out and don't have an edge - no doubt some are going to hold it against those that do (greed) and look for a twisted interpretation.

    Like the "Ball" predicting there will be NO gains and getting it "wrong". Just means missed opportunity...far better than losing.

    Do not forget the winning plays. Friday's gains don't make any sense as they were in lighter trade - like most of the rally from Mar '08.

    The odds say it will come back down and you can't trade that way and win anyways. Capturing freak gains is a losing proposition - banking on sure(er) ones and avoiding throwing money away will make you a winner.

    pS
     
    #1597     Jun 14, 2008
  8. #1598     Jun 16, 2008
  9. Thanks again Hero. Again, this is Wild Bill's thread.

    Did you not get enough attention last year when you were 10?
     
    #1599     Jun 16, 2008
  10. 1800+ posts in 5+ months. :confused:
     
    #1600     Jun 16, 2008