Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Math Junkie who wrote (13622)	4/10/2001 10:58:11 PM
From: geode00	Read Replies (1) of 42834

If the trade hadn't gone against you I bet you wouldn't think it was wrong You're right! I wouldn't but others, more well versed than I am, would. They would also be right. The idea of trading a highly volatile basket using snail mail is absurd. In the time it takes to type something, print it, stuff it, stamp it, mail and receive it that basket could have gone up, down and be on it's way back up again...or even further down. The idea of trading without a set price range, a target sale price and stop loss limits is absurd. The idea of trading for a 20% potential gain when you've stated that the market is going to take another 60% dive is also absurd. Having the QQQ trade go well would have masked the problems. The upshot may have been an even bigger, riskier, even more absurd trade at some point in the future. Maybe for 70% of your cash reserves? In retrospect, the entire thing was just nuts. Why did he do it? Just to sell a few more newsletters? It boggles the mind. ======== Wasn't it one of the bots who actually said that he was happy with the QQQs because he could now experience capital losses?

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