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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (7168)	6/13/2006 12:39:53 PM
From: pezz	Read Replies (2) \| Respond to of 218833

Oh yes this is indeed ugly. yesterday I daytraded some $RUT puts in a vain attempt to ease the pain....Made back about 15% of my losses for the day. <<am terrified, because once fully in, may not be able to get out>> Oh yeah that can be scary especially when your WHOLE portfolio consists of such stuff....Not only couldn't I get out of practically anything but I wouldn't be able to get back in after the deluge...I hope to use options to keep me whole till this nastiness subsides <<The final position size may be of the mind-bendingly large and puking-scale.>> Oh but the high you will experience IF it should go your way......Some how the larger the gap between high and low makes life worth living for all gamblers. <<Gold down, setting up to give back all gains since what seemed like forever ago on another planet in a different universe.>> In hindsight with everyone talking like 1000 wuz a given that universe seemed like a fantasy .....Nevertheless something about human genetic make up that make trend following hard to resist. The more something goes up the more we expect it to continue. <<I do not know that I will go for all ten tranches.>> Case in point.You wanted it to go down to buy more but now that it is the trend you find it hard to follow through....Although nothing has changed you're finding reasons not to follow through.Your subconscious is fighting your conscious. We all be the product of natural selection and trend followers have been selected. Feed a bear once and he will forever expect to be fed. OK The above is just a pet theory of mine.... Might all be BS .