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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (87426)5/21/2009 6:40:52 PM
From: y2kate  Read Replies (1) | Respond to of 94695
 
Hi GZ,
It was nice to see you pop back up on my 'peoplemarks' the other day. I mostly lurk, but I read all of your posts, because you are one of my favorite traders. I was looking to go long in mid-March, and your call that the bottom was in was the confirmation I was looking for. Thank you for that!

Not to butter you up <g>, but I admire your nimbleness & accuracy...and what's really impressive to me is your psychology, you turn on a dime and back again, and it doesn't seem to faze you in the least. Reminds me very much of Kipling, "if you can keep your head when all about you are losing theirs..." lol!

I like what you wrote to jitka today about how you never try to question the market's behavior or think too much. There's a lot of wisdom in that. Now, how to actually do it? <gg> I would think the key is, rely on your system, not one's churning emotions or biases.

I've been trying to find a 'system'. Ewave seems unfathomable, there are ways to see almost anything in the waves, but I'm trying. I also look at traditional TA, moving averages, support/resistance levels and a smattering of other indicators that seem useful...

I know you work with a kind of proprietary system, and that you override the system as well...can you give any clues at all as to how you do what you do? for example, what's special about 877.30?

Thank you!

Kate



To: GROUND ZERO™ who wrote (87426)5/21/2009 7:32:33 PM
From: Real Man  Read Replies (2) | Respond to of 94695
 
Hmm... -g- I just traded GM calls, off with only a 30% profit
for the trade. Not much, considering I use little in a single
trade. They are way up now, but I got scared trading worthless
paper on this mega squeeze. I was losing sleep over it, so... -g-