Mr. W, good to see your voice! This paragraph is awesome, made me want to read the whole book. Wishing you and your family a wonderful Christmas season!
hello RW What happened to DMND? I saw you mentioned it. I got stuck with some of it when I noted one of the sheeples managing a mutual fund I had put some new funds into last month owned DMND as it's largest holding (2.4%); so with only cursory research on my part I bought a very little at 40. Figured the moron managing the fund had done his due diligence. After I caught the knife the stock did rally, but I didn't get out and did not buy put protection, which I usually tend to do with longer term holdings. Dumped it at 30 3/4. Do you own it?
Hello Badger, Thank you. If your interested in taking the time to read DeMark, please let me suggest "DeMark Indicators" by Jason Perl. Perl goes much deeper into the indicators with actual ideas on entry and especially stop losses. It's a shorter book and if your stepping into "DeMark" for the first time, its as good of place as any to start. It's published by Bloomberg I have to totally agree with you about Mark Douglas. "Trading in the zone" is probably the most important book on trading (and life) I have ever read. It has sent me down the path of self realization, leading my to many others. Best of trading to you too sir, Robert
Very true, we seriously run out of time as traders. Everyday I am faced with how much to "let go" so I can get some sleep and maybe even spend some time with my family....
Hi NoDoji !! I hope you and your groom are doing well. I agree, I need to get out of the house a bit more often... let me wish you and yours a very happy holiday season as well. I am finally totally recovered from Turkey day, even though I still need to work off some pounds If you get a chance to read the book, please let me know your thoughts as well. I am interesting in what you think of it. Best Robert
Hi Ice, I think I talked about it in my blog, but I exited the position with a gain about two days after entry. Interesting stock for sure with what's going on in the offices, but in the end I would guess they get back on their feet. I would not be surprised to see it take a long time though. Best, Robert
Robert, I hope all is going well. I just wanted to make sure that I had a chance to wish you a happy Hanukkah. May the festival of lights bring joy to you and your whole Mishpokhe! Shalom, Caementarius
thanks for the reply... didn't see it until now. of course I am not in the stock so figures it pops 13 points ! Well at least one of my mutual funds has 1.7% of DMND still in the portfolio, unless he sold it at the bottom!
Hello Cae, Hey Thanks Very Much!!! Please allow me to also wish you and your family the very best this holiday season and for a very wonderful New Year !! I have heard really super things about you recently and I think its great. I do have a favor to ask if I may.... When you make your first billion $$$ let me be the one to interview you!! Shalom Bob