Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (4513)	9/23/1998 9:58:00 PM
From: Darth Trader	Read Replies (1) \| Respond to of 44573

Scott, good analysis. FWIW, decisionpoint.com

To: SE who wrote (4513)	9/23/1998 10:12:00 PM
From: SE	Respond to of 44573

In the FWIW column...if anyone else can learn something from this it is worth posting. Last night I knew I would be gone today. I studied the charts and figured the SPZ would not run above 1062 on the top side. I put in a GTC sell at 1058 and left. The rest as they say, is history. Filled at 1058 only to come home and find myself 20 points in the hole. Lesson: Don't ever think you have the market figured out to the point that you can place an order and walk away. If you don't have access to manage the position, be flat. Good thing it is only paper and yes, that is something I would not have tried with real money. Actually, it is best that it did not work out for me as had it worked, I might have been inclined to try it for real next time I thought I knew what I was talking about. Now how the heck do I get out of this one and preserve my week! Nuts.... -Scott

To: SE who wrote (4513)	9/23/1998 10:35:00 PM
From: Patrick Slevin	Respond to of 44573

No, not at all worthless. I went to a Private High School. In 1972 they closed their doors. It was a school that was hard to get into, perhaps I got in because of my brothers.....I was grandfathered, maybe, I'm not that bright. In 1972 they needed 150 students, got 22 applicants. The school shut down. It turned out the school had 220 applicants, but the ArchDiocese of Newark had a keypunch error. Today, they have more than enuf money as a re-opened Inner-City Newark School. The Carnegie, Rockefeller Foundations give them money. Something not available before. Now the kids don't have to be smart, just willing to work hard. When I was working for a living as an engineering manager I could not hire any but the roughest, hard-bitten sons of guns who worked their rear ends off in the long run. Although we built very high tech stuff we could not attract high end talent for some reason around 1985, 86. The High School failed just before the 1972 doldrums in the market. The guys I hired while an engineer were hired just before 1987. I think I understand what you are trying to say. Prosperity ends for many before it becomes transparent in the market.