re: [An excellent post. Thanks..."]
No, thank you. I have honestly taken more away from
SI, than I've given back.
I'm working on trying to give some of it back.
Take what works and use it. Take what doesn't,
and toss it, or ignore it.
There can be incredible value in just one good idea.
One of the great keys in successful trading is
finding a style that fits your personality, and
your own individual emotional makeup.
Some people want to scalp .12 cent moves on $20 stocks,
trading in and out on a daily, or short term swing basis.
And that's fine - if that's what works best for them.
Me? - I want make $8 to $10 moves on $20 stocks, and I want
to bank 100 to 150 point moves in the HUI index, and I
want to leverage it with options.
I also like to focus on a small number of stocks, and
sectors. As trends materialize, if I am right, I tighten
that focus to fewer, and fewer plays.
Someone remind me - to post some charts on that this
weekend vis a vis GOLD, KGC and GG.
It's not rocket science... it's something very simple,
very basic, that a true genius taught me... that has
nothing to do with genius.
And that's the genius in it... some of the strongest,
most reliable trading techniques and strategies are
Forrest Gump simple.
Most of them are right in front of our noses, but
we're too busy trying to find "magic bullets" and
too busy trying to make the simple complex - to
see them.
Be careful out there... they're coming over the walls,
the no up-tick short rule is a bitch, and bombs are
dropping all over. Be smart... it's one thing not to
get "bum rushed" as was mentioned yesterday, and it's
another to give back 50-60-75% of an entire move,
because you reacted, instead of anticpating.
The puck is moving awfully fast... sometimes even
Gretzky takes a breather to catch his breath, and
put fresh eyes on the game.
Mo later,
SOTB |
