This is a little delayed but the gangstas make sure that it is very difficult for me to post here.
I once again heard Bradley’s ode to the 4-29-92 ritual last Friday during a time which is a soon approaching date. Interesting last Friday, 11-18, was 19year206days from the 4-26-92 title date of the song and made this Monday 19years209days.
Then on Saturday 11-19, there was a Miami Thrice sighting at Nike U. during the broadcast of the Oregon-USC football game along with a few other unemployed NBA ballers but they showed all members of the Thrice first from #6 to #3 and then #1. Eugene Ore one of the towns mentioned in Bradley’s ode: http://www.lyrics007.com/SublimeLyrics/April26/2c (Tuscaloosa, ALA another one that popped in the news during the 19th anniversary with the catastrophic tornadoes and now the quest for Alabama to win another national championship…….Denver currently occupied with the Tebowmania ritual with the golden boy’s nonstop miraculous comeback wins with the first one occuring in Miami)
Last year’s Super Bowl MVP and soon to be league MVP, RoboQB, #12 continues on his tear with another @reddragonleo:disqus TDs thrown to #87 while another #87, the one caught up in the mini 87 ritual with adult actress Bibi Jones earlier in the year, continues to light it up with his #12 QB, scoring 2 more TDs on the Monday Night Broadcast. GB’s and NE’s #87s are 2and 3 in TDs scored among receivers only behing Detroit’s #81 (Detroit and GB will face each other tomorrow in a Turkey Day Broadcast)
During the Oregon-USC broadcast, a little 29 was flashed during the first touchdown whenUSC’s#9 caught a long TD pass while covered by Oregon’s #2 and a shot from the end zone showed their numbers 2-9 clearly aligned. Both of USC’s receivers #2s and 9 had big days that night.
I took another small loss, and it wasn’t because of red, it was because I followed the little men who usually win, and even they, by my estimation, too a bit of a bath and the market went even a little lower. I bought a contract right at the bottom on the futures and am so far up more than I lost, and I think we bounce, here, HAL has taken in a lot of stock. This is STILL not a THIRD for sure, but it sure feels like it, so I will sell at 1180 or better.
Sorry to hear. Trading is not an easy job/hobby (I’m talking prop trading, trading one’s account, not the market making trading). The best traders have been there, and have their wounds to show. The statistics are mind numbing…90+% of traders do not make money consistently. It is a tough job, and requires a lot of discipline and commitment.
If you are trading early on, it is guaranteed that you will lose money. However, do not let it deter you from working hard at it. As for anything rewarding in life, there are no freebies. Personally, I come to Red’s site and watch his videos because his opinion is one of many others. I value his thoughts but I would not follow his opinion and his alone. It requires your own homework, due diligence, and sometimes your views will line up exactly with his.
There’s a study which I think is now fact. In order to attain near-“expert” status in any field, you must log at least 5000 hours. Maybe it is more than that. I can’t quite remember the exact figure. I don’t remember the figure for trading but it is upwards of 5000 trades to really get a feel for what is going on.
Trading has also been a great analogy for life. You can pull a number of life truisms from trading alone:
1. Never be complacent
2. Consider all possible scenarios
3. Review upside downside
4. Cut your losses and move on (particularly true with relationships for instance)
5. Work hard
6. Patience
7. Control your emotions
8. Learn new things/new methods
9. Stay humble
10. Bird in one hand is worth two in the bush
11. There are no guarantees…zero.
12. Always be ready for the next opportunity because it could come the next day.
Today I cut a bunch of shorts. Not because I think the bottom is in, but because in the past, the market has humbled me one too many times that gains quickly became losses. Stops will always help out but in this market, there are so many gap ups and gap downs.
Note: I am always learning and I by no means am good at all. Wish I had something more to offer.
hint: If you take the low of Aug 9, and the low of Oct 4, the next cycle is about 2 or 3 trading days out from now. We could still put in a token Santa rally.
But don’t be fooled, the real low is supposed to be in January.
ES Trend update: http://niftychartsandpatterns.blogspot.com/2011/11/es-trend-update.html
month and a half is a good run.
i’d have to think the guy will lose some back, eventually.
i’m going long at QQQ 52.2. 51 stop
Microsoft Triangle pattern: http://niftychartsandpatterns.blogspot.com/2011/11/microsoft-weekly-triangle-update.html
This is a little delayed but the gangstas make sure that it is very difficult for me to post here.
I once again heard Bradley’s ode to the 4-29-92 ritual last Friday during a time which is a soon approaching date. Interesting last Friday, 11-18, was 19year206days from the 4-26-92 title date of the song and made this Monday 19years209days.
Then on Saturday 11-19, there was a Miami Thrice sighting at Nike U. during the broadcast of the Oregon-USC football game along with a few other unemployed NBA ballers but they showed all members of the Thrice first from #6 to #3 and then #1. Eugene Ore one of the towns mentioned in Bradley’s ode: http://www.lyrics007.com/SublimeLyrics/April26/2c (Tuscaloosa, ALA another one that popped in the news during the 19th anniversary with the catastrophic tornadoes and now the quest for Alabama to win another national championship…….Denver currently occupied with the Tebowmania ritual with the golden boy’s nonstop miraculous comeback wins with the first one occuring in Miami)
Last year’s Super Bowl MVP and soon to be league MVP, RoboQB, #12 continues on his tear with another @reddragonleo:disqus TDs thrown to #87 while another #87, the one caught up in the mini 87 ritual with adult actress Bibi Jones earlier in the year, continues to light it up with his #12 QB, scoring 2 more TDs on the Monday Night Broadcast. GB’s and NE’s #87s are 2and 3 in TDs scored among receivers only behing Detroit’s #81 (Detroit and GB will face each other tomorrow in a Turkey Day Broadcast)
During the Oregon-USC broadcast, a little 29 was flashed during the first touchdown whenUSC’s#9 caught a long TD pass while covered by Oregon’s #2 and a shot from the end zone showed their numbers 2-9 clearly aligned. Both of USC’s receivers #2s and 9 had big days that night.
I took another small loss, and it wasn’t because of red, it was because I followed the little men who usually win, and even they, by my estimation, too a bit of a bath and the market went even a little lower. I bought a contract right at the bottom on the futures and am so far up more than I lost, and I think we bounce, here, HAL has taken in a lot of stock. This is STILL not a THIRD for sure, but it sure feels like it, so I will sell at 1180 or better.
Much wisdom in your words.
Sorry to hear. Trading is not an easy job/hobby (I’m talking prop trading, trading one’s account, not the market making trading). The best traders have been there, and have their wounds to show. The statistics are mind numbing…90+% of traders do not make money consistently. It is a tough job, and requires a lot of discipline and commitment.
If you are trading early on, it is guaranteed that you will lose money. However, do not let it deter you from working hard at it. As for anything rewarding in life, there are no freebies. Personally, I come to Red’s site and watch his videos because his opinion is one of many others. I value his thoughts but I would not follow his opinion and his alone. It requires your own homework, due diligence, and sometimes your views will line up exactly with his.
There’s a study which I think is now fact. In order to attain near-“expert” status in any field, you must log at least 5000 hours. Maybe it is more than that. I can’t quite remember the exact figure. I don’t remember the figure for trading but it is upwards of 5000 trades to really get a feel for what is going on.
Trading has also been a great analogy for life. You can pull a number of life truisms from trading alone:
1. Never be complacent
2. Consider all possible scenarios
3. Review upside downside
4. Cut your losses and move on (particularly true with relationships for instance)
5. Work hard
6. Patience
7. Control your emotions
8. Learn new things/new methods
9. Stay humble
10. Bird in one hand is worth two in the bush
11. There are no guarantees…zero.
12. Always be ready for the next opportunity because it could come the next day.
Today I cut a bunch of shorts. Not because I think the bottom is in, but because in the past, the market has humbled me one too many times that gains quickly became losses. Stops will always help out but in this market, there are so many gap ups and gap downs.
Note: I am always learning and I by no means am good at all. Wish I had something more to offer.
Happy thanksgiving everyone.
Hey Gerb, good to see you again. If you don’t mind, can you give us a update on your fan graph.
Thank you
I know a guy who quintupled his money.
pulled out 60%, and lost the rest.
he’s done for the year.
Throw enough against the wall and see if something sticks – this one did.
http://practicalt.blogspot.com/2011/11/nov-01.html
hint: If you take the low of Aug 9, and the low of Oct 4, the next cycle is about 2 or 3 trading days out from now. We could still put in a token Santa rally.
But don’t be fooled, the real low is supposed to be in January.
Happy Thanksgiving Red
-GG