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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (27458)	1/10/2002 3:18:51 PM
From: 4rthofjuly007	Read Replies (1) \| Respond to of 209892

>>They usially come after the good months-ng- << I tell you this much. I promised myself that besides hedging and boxing, I will not make more than 10 trades this year in my traders account. I will only short or buy extremes in sentiment. Right now I have 50% of my traders account in ryvnx at 46. Bought it last year. Added shorts today so there goes 1 trade. I will not sell ryvnx until sentiment is at the other end of the spectrum. Even if the compx runs to 2500, I won't sell. I will short more with a tight stop and hope that it retests 2000 and decide what to do there. If it runs and never looks back I'm f*cked. I MAY sell if we get a decent decline short term (at least compx 1850). I have about 15% of my net worth in the position so that is what I am risking. The rest of my assets are in real estate, REIT, cash and treasuries save a 401k that is diversified and wont be touched for decades. I just can't trade short term. Kudos to those who can. Comments?