Paul;
Sinclair;
"My fax machine is smoking with emergency messages concerning the selling in gold shares this afternoon. "
His machine probably burnt up today.
Re your:
"On days like today, I envy the nimble traders."
I don't. 90 % plus of the board fights are related to trading style. It seems that a good chunk of America and these boards are infatuated with trading and making a quick dollar.
Many of the board traders imo are less than honest. They do just as I just did, and tell you of all their positive trades (my udve). It is so easy to do, even in real time. They rarely mention the shit.
This HUI move left many of the traders in dust a long time ago. What happens is they buy in during a dip, like yesterday or early this morning. Then they get shit hammered, behind and stop out for a loss, only to see it leave them behind. They are then afraid so they wait, scalp a little. Then repeat.
There are a few (traders) that stay with it and fight again, immediately, but not that many. You may have noticed that many POG traders have went somewhat silent, for a long time now. Others continue to play their games, and try to make the rest envious. A few honest ones keep whacking and probably do okay.
Even after today I still personally feel very comfortable. I already started to rotate money to other areas, some time ago, but still got net hammered today. I'll take my hammering in stride, because of where I've been, and I won't worry a peep about it. I have my limit and have indicated what that is. If I gave up my 10% at the top, so be it. I didn't give any of it up elsewhere, as nearly all the traders have.
I'm not advocating any style, each has to do what is best for themselves. I just get so tired of the traders always yapping about their wins, and rarely about their losses when they get shit all over their face. For us longer term players it is obvious when we get hammered, like today. But of course, the traders are all out. Then they turn around and name all the rest of us permabulls as chihuahua's or whatever.
Well fwi FUCK EM (excluding the honest ones). Big Slider for example left more on the frigging table than anyone we know of, so it seems.
And for the real traders who are honest, not to name anyone, I admire them.
I don't even read that other board anymore. |
