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Politics : Idea Of The Day

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To: Front Beach who wrote (19486)	8/25/1998 3:18:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

SP-- I wanted you to know a little research we did over number of years on market trends, feelings emotions and directions. If you go against the majority you would be rewarded 7 out of 10 times! If you go with the majority you would be rewarded 3 out of ten times- You hit the nail on the head-- we do go against majority most of the time but the times when the majority is right we do not let our ego's come in between, we just jump on the band wagon and enjoy the run down. I tell you opportunism is the only way to keep happy in the markets, otherwise pre-Bhumbo markets when the coil is being winded like a 'lutto' or Spinning top, we bulls would be sentenced to a period where nothing is happening for us 'so out of nessecity is born the need of a complex trade', in middle of market ranges we create trades that is the only way. My last night trade-- Long 1050 Short twice the number 1030's Long 1120 Short twice the number 1140's Now which ever side the market goes I am with it without a cost but high risk if it breaks on one side but here comes my believe that we are in a range, now if 1055 is taken out I will just sell some 1080's as 1060- 1070 region is going to become a region of resistance and buy 980 or even 1020's until I find a wa to leg out with my profits, one way markets cannot be traded like this but two way ofcourse and that is what we do in and out.. This is market opportunism at its best and most lethal form. It was next Tuesday we learnt our lesson post 1987 Monday Crash== the SPZ if I am right had closed on Monday night at 230- next morning George Sorros wanted to unload hundreds of his long contracts I think if I am right a 1000 contracts. We watched with awe as pits were buyer but at what price 180- a straight hit of 50 points, it was the Black Tuesday for George I one of the finest man on the street and good timer of the mocves, it is lessons like this which open our eyes to reality, by the way market within five minutes of his trade was back up and trading higher. We learned one thing never ever sell in panic--- take advantage of volatility go on the side of markets never take a opposite position. Thanks SP-- By the way we call this as a story telling thread-- news views and some family talks are al a part of this otherwise very pro thread..

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