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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: geode00 who wrote (12446)2/27/2001 3:59:23 PM
From: Tim Bagwell  Read Replies (8) of 42834
 
This site has become a favorite wailing wall for crybabies who can't accept their own failure.

Let's get something clear here. Bob's call on the long term bear market was correct. That was the single-most important call of all because it gave you the opportunity to cash out at a good price.

If you chose to accept the risk of trading, you made money on the first CTR by following Brinker's advice. Granted, he got whipsawed at 84 but this was not completely his fault. I remember that day well and the marketmakers took advantage of his call. I believe, that is the primary reason that he decided to change the format of the program and to never discuss short term trades on the air.

The second CTR has been a disaster but you must consider the exogenous events which did have an effect whether you want to admit it or not. Beyond that, it's clear that Brinker believes the CTR will eventually prevail. If you disagree, accept your failure and move on.

By his actions it's clear that Brinker believes that stranding a trade by stopping out is very often the wrong thing to do as it takes you out of the market on weakness. This is almost always the wrong decision. This is a trading philosophy that he follows. If you disagree, accept your failure and move on.

If you are a good trader, and only the good ones should have participated in the first place, then you have been able to ride the waves and lower your cost basis on this trade. If you failed to do this, accept your failure and move on.
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