Dave,
I looked at your "Trades That Make Sense" portfolio and only reconized one, if CSCO is that Cisco software company that CNN's Pinnacle had a show on last year.
For the contest, your post that included each of us into a portfolio is knowned and mine comes up nice. Thanks. Now would i be able to create a single portfolio like the one above that has all entries into this contest doing a cut & paste edit of each into a single one? If so then i would do this so that i can both see my results and those of all others.
Someone i once knew raced a motorcycle and it seemed each weekend he would over rev the engine and blow it up.
Seemed he did not have that natural ability to know what gear he was in without looking at the tachometer, and red lined the engine too much. He mentioned that not only did he never win a race or place in the top few, he said that he knew that his ability was just average and would never win a race.
I then asked him why race and blow up your engines, especially when you will never win the race.
His answer was insight into this person, as he said that it was not important to win any race or even place in the top few, but what was important to him was that when he crossed the finish line that there would be atleast one person behind him :o)
I bet he would make a decent trader here on this thread, in that rather than try for a big win he would sell to make sure that someone was behind him, as in a buyer willing to take his Ask.
Your "Trades That Make Sense" might be a method to trade that eventhought you are not trying for first place and that big win, you are careful not to end up last :o) and broke.
I keep on hearing that phrase "For every seller is a buyer." yes, but sometimes those who want to sell may not find that buyer until they are willing to sell much lower.
Guess thats what happen in that 1929 crash.
Sorry for all this babble as your thread has really gained a lot of respect based on the postings here, and folks do not like this type of chatter, so let me know if i can make that single portfolio for the contest, not because i think i will win, but i just hope to see someone "behind" me in this race to April i think it is :o)
d:oug |