Exactly… they are just a guideline, and are wrong many times. But, you just adapt and close out losing positions if your forecast is wrong.
Since when am I sweet?! Covered all my shorts at close Friday. Now not sure what the heck to do!
Forecasts just add confidence to your trading when you are right, if they are wrong no harm done. I think it is important to have an overall view (as long as the bias doesn't effect managing risk) 🙂
I just read palm leaves (and smoke em' when I'm done) LOL!
Monica, Just read ETF corner update. How do you feel about things tomorrow.
Thanks Monica Dear… 🙂 (I love sweet talking women)
I try to look ahead further then just one day… like Anna does! LOL! She tells me I'm crazy for trying to forecast so far out, but I do it anyway.
If I'm wrong (and I usually am), I'll just adapt and change my position. That's what trading is all about… risk taking.
You just need a magic 8 ball.
Very interesting, Red. Thanks for the post.
Thanks for posting, always look forward to reading your posts.
Exactly… they are just a guideline, and are wrong many times. But, you just adapt and close out losing positions if your forecast is wrong.
Since when am I sweet?! Covered all my shorts at close Friday. Now not sure what the heck to do!
Forecasts just add confidence to your trading when you are right, if they are wrong no harm done. I think it is important to have an overall view (as long as the bias doesn't effect managing risk) 🙂
I just read palm leaves (and smoke em' when I'm done) LOL!
Monica, Just read ETF corner update. How do you feel about things tomorrow.
Thanks Monica Dear… 🙂 (I love sweet talking women)
I try to look ahead further then just one day… like Anna does! LOL! She tells me I'm crazy for trying to forecast so far out, but I do it anyway.
If I'm wrong (and I usually am), I'll just adapt and change my position. That's what trading is all about… risk taking.
You just need a magic 8 ball.
Very interesting, Red. Thanks for the post.
Thanks for posting, always look forward to reading your posts.