I you ask any truly skilled surgeon, who just made one of those miraculous, spur of the moment, saving of a life, to detail why he did what he did, they will say, "because, it was just right", or something else indicating great intuition. Nonetheless, after the emotions of the success die down, ask him again and demand an answer. The surgeon should be able to layout the multiple symptoms, factors that indicated such a move, why he did what he did all along the way. What he would do again and why in the same situation. What he would do and why with a different fact pattern, always reserving a bit of room for feel and intuition which can be explained in the calm after the exercise.
Don...long winded...I am trying to contribute with substance, something someone can use or use the opposite of. I am still waiting for some meat and potatoes from you. Or, again, perhaps its not there and you are just the best, fly-by-the-seat-of-your-pants trader I know. I respect that, it is just not the way I operate.
Traders that achieve succes in this manner definately should be trading their own money. It would be difficult to explain to a client, customer, freind or family how come they took a 1/2 pointloss on a position if you have no answer.
By the way, Dell is the best stock going right now. I own it long in many portfolios so I wish it luck. But it will have its day. Don, hopefully you aren't owning it on that day.
Regards,
steve@yamner.com |
