Hi Tim! Yep, it's a head scratcher. Hard to predict, so good to stay on the sidelines waiting for some indication to make a move that fits your plan. Sometimes I've found those indicators are not scientific at all, i.e. "RR Fingers" rule, up 4 down 3, etc. Hee hee.... go figure.... and without a slide rule.
Sometimes I'll take a small entry position, or stagger orders, and add to it if I see that I'm on the right side of the trade. Again, though, depends on the time line, whether it's by day, week swing, whatever. Safer than putting the full position at risk all at once, and I don't mind not getting the absolute best price so long as I'm right in the end when I close it. Can't get greedy.
Yep, I took a quick trip out here to Colorado to check on something. I got to tell ya, though, out here in the resort area, it doesn't look like the economy is hurting. In every direction I look, I see construction. Signs of the "obnoxiousness of wealth" everywhere here.
I still don't understand where everyone gets all this money here. Ah, they're probably just in debt up to their eyeballs.
RR |
