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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?


To: the-phoenix who wrote (5252)8/13/2002 10:30:41 PM
From: Susan G  Read Replies (3) | Respond to of 11288
 
I was in before the number around 10:30 or 10:45, a little too early...with a stop at 965 where the nas would have broken out of the recent range...it went to 62 - right to the wedge trendline and stopped, but there were a few moments there I was about to toss it in, and then Bush came on TV <G>

That was the high of the day, I suspected it would be as we rallied into the announcement for days. No buyers left by the time we got close to the announcement, and everything was in wedges and so overbought. I covered at the close.

I avoided yesterday totally as I knew it would be an NR7 day, and make me crazy.

Also getting these Jesses Livermore quotes I received via email helped immensely as far as holding to your conviction during a short squeeze <g>

--"Remember this: When you are doing nothing, those speculators who
feel they must trade day in and day out, are laying the foundation for
your next venture. You will reap benefits from their mistakes."

--Few people succeed in the market because they have no patience. They
have a strong desire to get rich quickly.

--"The big money is made by the sittin' and the waitin'--not the
thinking. Wait until all the factors are in your favor before making
the trade."