LOL, before I asked you about the identity of Carl a little while back, I thought he might have been a pet or a child.
The market is a cruel beast. The only reason I'm in it is gambling my father's life savings in order to pay his nursing home bills. Gamble or watch the money drain away, that's the choice. He is pleased at how I'm doing.
Carl sure doesn't feel compelled to trade every day, or even every week. There is something to be said for waiting for a good pitch.
On the other hand, Carl just barely trades more often than my dog Abby. And, in the past month, Abby (no trades, no losses) has done better than Carl. Makes you think 🙂
1070-1090 estimate for today (20 points) 1059.25–1088 actual range today (28.75 points ) Carl missed the low by 10 points, but was within 2 of the high.
For the past 10 days, average actual range has been 25.75 points Trades: No Trades today (not a bad day for a Bull to stand aside) Grade: C (lost no money)
In the past 10 trading days, Carl has taken just one trade, a loss of 4.75 points.
I'm not ruling out the possibility that Monday could rally up at some point, I just think it will gap down first. To what level… I don't know yet?
But I suspect that a lot of people are looking for a rally… hence that's why it will gap down first. Fool the bears by not letting them in on a bounce, and fool the bulls that went long expecting a rally.
We are oversold on the intra day but we are far from oversold in the daily and especially the weekly.
I'm glad you're winning 🙂
Now I need to go back though your posts to see what kinds of trades you get into. Homework.
LOL…
Thanks Alpha… I forgot about that print. It's seems like it worked out like a charm. Let's keep our eyes out for more.
for you RDL, since you turned me on to these
today: http://www.screencast.com/users/alphahorn/folde…
5/27: http://www.screencast.com/users/alphahorn/folde…
LOL, before I asked you about the identity of Carl a little while back, I thought he might have been a pet or a child.
The market is a cruel beast. The only reason I'm in it is gambling my father's life savings in order to pay his nursing home bills. Gamble or watch the money drain away, that's the choice. He is pleased at how I'm doing.
LOL… Cash is still a position, and a safe position at that. Good luck to him, as this market takes no prisoners.
Red,
Carl sure doesn't feel compelled to trade every day, or even every week. There is something to be said for waiting for a good pitch.
On the other hand, Carl just barely trades more often than my dog Abby. And, in the past month, Abby (no trades, no losses) has done better than Carl. Makes you think 🙂
You know Earl, Carl is pretty smart to not take any trades right now. The market lots pretty ugly.
Carl at day’s end:
1070-1090 estimate for today (20 points)
1059.25–1088 actual range today (28.75 points )
Carl missed the low by 10 points, but was within 2 of the high.
For the past 10 days, average actual range has been 25.75 points
Trades: No Trades today (not a bad day for a Bull to stand aside)
Grade: C (lost no money)
In the past 10 trading days, Carl has taken just one trade, a loss of 4.75 points.
Yeah Rip,
I'm not ruling out the possibility that Monday could rally up at some point, I just think it will gap down first. To what level… I don't know yet?
But I suspect that a lot of people are looking for a rally… hence that's why it will gap down first. Fool the bears by not letting them in on a bounce, and fool the bulls that went long expecting a rally.