SureTrader
Home > Boards > Free Zone > User's Groups > ETF SWING & DAY TRADING

I guess we all like to sepeculate about

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Duma Member Profile
Member Level 
Followed By 49
Posts 10,690
Boards Moderated 2
Alias Born 08/21/05
160x600 placeholder
China Stocks In Focus After Ringing In 'Year Of The Monkey'
Hong Kong selloffs provide sneak peek of what might be in store While U.S. traders enjoy the President's Day holiday on Monday,...
Facebook Executive In India Steps Down
Last Wave on Libor: CFTC Likely to Charge Multiple Banks for Rate Rigging
Morgan Stanley In $3.2 Billion Settlement
U.S. Judge Questions Regulators on MetLife Designation
Apple Developing TV Series to Bolster Subscription Music Service
Chesapeake Says It Doesn't Plan to Pursue Bankruptcy -- 2nd Update
J.P. Morgan CEO Buys 500,000 of Bank's Shares -- Update
CFPB Presses Banks, Credit Unions to Offer 'Small-Dollar Loans'
Panel Recommends FDA Approval of Remicade Knockoff
Duma Member Level  Monday, 05/14/12 11:47:14 AM
Re: Y worry Murray post# 60715
Post # of 78971 
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.
SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist