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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 671.910.0%Nov 14 4:00 PM EST

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To: TraderMann who wrote (9589)9/8/2010 1:37:32 PM
From: Chip McVickar1 Recommendation  Read Replies (3) of 218845
 
you have good reason to be concerned that your posted trades here are carrying monkeys on their back...
on my old thread I placed a disclaimer or a statement of recognition... in the header towards the bottom.
Subject 37195

in the early years of these threads a trader created a system that regularly clipped 50 points in both directions and it also got you out if the momentum died and the 50 wasn't obtainable. he was disciplined with the system and did remarkably well and he was proud of his trading.

one day he was sued by a monkey...!!!
apparently the system trader didn't post an exit signal on a public forum... and the monkey lost money and sued...!!!

don't believe we ever knew if he lost or won... but we did know he stopped posting.... period.

all my trades here are PAPER TRADES and they are for communication and fun... oh yes, there is always a public exit post often in the form of a stop or a good till cancel equivalent.

this possibility shouldn't dissuade us of our entertainment, but certainly be a reminder that human nature is what it is...

don't know if gz has ever run across any problems with the monkeys...?

Chip
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