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I guess we all like to sepeculate about

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Duma Member Level  Monday, 05/14/12 11:47:14 AM
Re: Y worry Murray post# 60715
Post # of 77315 
I guess we all like to sepeculate about what is going to happen in the future, even I do it at times. But many times on this board I have said that trying to predict the future is a waste of time. There are some boards that almost all of their posts are a prediction of what is to come.

Having said that, even when the market seems to have turned, I would have to say that taking a position with the new trend is still somewhat a prediction that the new trend will continue. But it is really all about odds. If when you see a set up and most of the time this is the outcome, I think it is less about predicting the future and more about gambling with the odds in your favor. That I like.

But having said that, I think your "predition" is right on. This is code for I agree. But I don't trade any longer on my preditions or what I think is going to happen. I trade with trends. I'm happy with 60-80% of any run before a reversal.

Last week was a little disappointing for me. The pump and dump AH was tough. Maybe this week will be better. Starting out great.

Trade the Charts and not the Heart - Expect the trend to continue until it doesn't.
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