Long live DOGS,if i could i would save them all :)
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Lmao...........
So much for me hitting 117 and you 120 lol...
Just shoot me now and get it over with lol...........
The fun of life in quebecland.
Trend Following from Quebec
Posted on March 14, 2015 by Michael Covel — Comments
Feedback in:
Let me just thank you from the bottom of my heart for making all this information available to the public. I’m a fairly young guy from a French speaking weird part of this world called Quebec. Money here is seen very negatively and for a youngster to breakout and reach for trading success is quite unusual. Thanks to you I was able to wrap my arms around trend following at a very young age. Everything I did after reading your books was done in a way to connect more and more with trend following. My entire mind is now being reprogrammed slowly with time and effort. Not only have I read everything available on the subject but I also made it mine by taking time to understand it…I mean understand. It’s been 3 years now and I think it’s time for me to give grace to those who showed a path worth the taking. You, Van Tharp, Ed Seykota, Charles Faulkner, Tom Basso and many others have carved my mind with your writings.
Thank you
[Name]
31 years old, Canada
Btw,with crude in the 40s we are still paying $5 a gallon LOL...
Long live the king........
HDY end of an era down to the pinks it goes.....R.I.P
One day at a time captain,Rome was not built in a day LOL...
Next step is for us to base in the 30s...
Steady as she goes captain........
LOL,ask me when i cash out over 1.00++.....IMHO...
Any time you are ready to bump GEVO into the 30s,dont be shy lol..
Jesse Livermore: The Greatest Trader Who Ever Lived
When Jesse Livermore made his first stock trade at the tender age of 15, he didn’t hedge his bets. He consulted the charts he’d compiled working as a chalkboard runner in a Boston brokerage firm, and when the figures for the company in question, Burlington, checked out, he went all in, investing everything he had—all $5—in the railroad. Two days later, he cashed in his shares, for a profit of $3.12.
It was 1892.
Exhilarating, that first taste. The pendulum had begun to swing.
Livermore began to roam the streets of Beantown, frequenting its bucket shops, gambling counters that took bets on stocks without executing actual trades. His ability to recognize patterns in the ticker tape stood him in good stead. In six months, he’d accumulated $1,000. Five years later, it was $10,000—enough to make him persona non grata to every pseudo-broker in the city.
So he moved to New York and graduated to trading with real Wall Street firms. Something, however, was wrong. His system wasn’t delivering as expected. He watched his stake drop, first to $2,500, then to zero. At an age when most contemporary youth were still preoccupied with fraternity smokers and petting, the “Boy Plunger” (turn-of-the-century slang for “reckless gambler”) had already gone through a full cycle of boom and bust.
Livermore decided the problem lay in the lag time between the stock order and the execution of the purchase itself. So he borrowed $500 against future gains. The pendulum began to swing wider. Quickly making back what he’d lost, he increased his stash further, to $50,000. Then, on May 9, 1901, he lost it all, every penny, largely due to the frenzied pace of the day’s trading.
Again he hit the bucket shops, again accumulating a stake that allowed him to get back into the game. He returned to New York with what he termed a “fair-sized roll.” Then, on April 16, 1906, he was hit by a premonition. With no warning, he yielded to a strange urge to sell short a thousand shares of Union Pacific railroad—an urge even he admitted he didn’t understand. Two days later, the San Francisco Earthquake hit. Union Pacific was decimated; he’d made $250,000 literally overnight. Inexplicable, the sudden intuition, but just as inexplicable was what happened next: again trading in shares of Union Pacific, he violated two of his most cherished principles—never heed insider information, and always keep your own counsel—and sold short when a friend tipped him off that the stock was about to tank. It didn’t. His net loss: more than $40,000.
The arcs described by the pendulum continued to widen, the swings to grow ever more vertiginous. During the Panic of 1907, Livermore again shorted the market, earning $1 million in the course of a few days. He then proceeded to lose everything in an attempt to corner the cotton sector, declaring bankruptcy and running up debts of over $1 million by 1916. Once again, he amassed sufficient capital to recover, making first $3 million (in assorted commodities), then $10 million (in wheat). Then came his greatest moment: sensing the impending 1929 crash, he again shorted the market, emerging from the rubble of October 29 with a net profit of $100 million—well over a billion dollars in today’s money.
Five years later, he was bankrupt, his vast fortune completely wiped out, for reasons that remain mysterious even today.
Livermore rallied from his subsequent depression in the late 30s, pooling sufficient energy to write a book detailing his trading principles. But on November 20, 1940, the pendulum swung finally, irrevocably against him. In the cloakroom of the Sherry Netherland Hotel in Midtown Manhattan, he shot himself in the head with a .32 Colt automatic. A suicide note was found scribbled in his notebook: “I am a failure,” it said.
Who was Jesse Livermore? How could the world’s greatest trader, the author of one of the most staggering fortunes America had ever seen, end up hitting the wall in just five years? What drove him to take ever more manic risks with his trades, to the point where the harmonic oscillator of his own speculations ended by ripping him apart?
Livermore himself gives us a clue to his own mystery in Reminiscences of a Stock Operator, the book of interviews he wrote with the journalist Edwin Lefèvre:
The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear….The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope….It is absolutely wrong to gamble in stocks the way the average man does.
The great trader liked to style himself as a dispassionate analyst. Repeatedly in Reminiscences, we find him stepping back from the welter of the trading floor to admonish himself with conclusions drawn from his market smash-ups—conclusions that read like oracular utterances brought down from the sacred mount of traders: “I learned you must give up trying to catch the last eighth, or the first: these two are the most expensive eighths in the world,” and the like. But the excerpt above intimates that perhaps cold-blooded calculation wasn’t the whole story. That beneath the rational exterior lay something that was not rational, that had to do instead with dreams and forebodings and hidden compulsions. That this aloof, seemingly imperturbable man was in fact deeply attuned to the obscure rumblings of chaos.
For chaotic his life was, in spades. His broker, reflecting on his penchant for cruising the Manhattan streets at night in his canary-yellow Rolls Royce in search of young girls, quipped, “When Livermore is speculating, he is thinking of screwing, and when he is screwing he is thinking of speculating.” His first wife, Nettie Jordan, separated from him one year after their wedding, following a tearful scene in which he begged her to pawn her jewels to finance one of his bankruptcies. His second wife, Dorothy Wendt, was an 18-year-old Ziegfield Follies showgirl who responded to Livermore’s philandering by taking up with a Prohibition agent; after separating from both men, she went on to shoot her 16-year-old son, Jesse, Jr., through the chest with a .22-caliber rifle. Both Livermore’s son and his grandson were manic-depressive and suffered from alcoholism. Both committed suicide.
Nor was chaos a mere by-product of Livermore’s personal eccentricities—it was his stock in trade. The Great Bear of Wall Street made his greatest profits when he sold short, that is to say, when he capitalized on other traders’ helplessness in the face of their own hopes and fears. In an age when Wall Street optimism was almost an American religion, he learned to read, and profit by, the dark anxieties that flowed just beneath the surface of the zeitgeist and that were liable to break out at any moment. He was an expert at sensing the nature and scope of mass hysteria, the thresholds at which men begin to panic. It’s no accident, then, that his favorite book was Extraordinary Popular Delusions and the Madness of Crowds, the Scottish philosopher Charles Mackay’s dark treatise on the power of the irrational in history. Nor is it an accident that, in seeking to harness the forces of unreason that he knew so intimately, he ended up betrayed by them—betrayed and, ultimately, destroyed.
The man who all his life sought to codify the workings of the market into a foolproof set of rules was the same man who consistently violated those rules, helpless to resist his own compulsions. The man who proclaimed clear-sighted analysis as the key to the charts was also a man haunted by irrational dreams and forebodings, who depended upon an uncanny sixth sense to tell him which way the market was moving, and who ultimately succumbed to the same delusions he fought so hard to keep at bay.
Traders are not the same as investors. Investors, however aggressive, are devotees of the long term. Personality-wise they tend to be more sober, more thoughtful and restrained, a la Warren Buffett or Peter Lynch. Volatility is, if not their enemy, then at best an unpredictable confederate, to be regarded with suspicion. Traders, by contrast, live in the moment. They operate by learning to feel the market, sensing when to cut their losses, when to double down, when to follow the trend and when to go against everyone. Far from being adverse to volatility, they secretly hope to get inside it, to understand it and so ride it to victory.
Like all traders, Livermore dreamed of beating the market, pinning his hopes to the forces of order: reason, logic, calculation, monetary self-discipline. Yet like all traders, he ultimately came face to face with that which cannot be rationalized, not just in the great hurly-burly of Wall Street but inside himself, in the shadowy realm where desire becomes compulsion and ambition self-destructive obsession. So that in the end, his battle with the market was a stand-in for his larger battle with himself.
Livermore was well aware of the chaos inside him. That’s why, early in his career, he invested in $800,000 worth of annuities for his wife and children that he himself would be unable to touch: “I knew a trading man will spend anything he can lay his hands on. By doing what I did my wife and child are safe from me.”
In the end, Livermore’s dream was the great, illusory dream of gamblers everywhere: to impose form and coherence on chance itself. But he failed to treat chance with the proper respect: he got too close. His story reads like a dark pendant to that other great 1920s story of lives lost to the pursuit of wealth, The Great Gatsby. Like Fitzgerald’s hero, Livermore sought to define himself against the huge forces that were shaping an America on the verge of empire. His failure, no less than Gatsby’s, is a grim parable of the fate of the individual in the age of money.
Great Tweet and link from Jerry Parker:
It's better to be an uninformed trader. To bankrupt a fool, give him information. Gather less information. http://t.co/XJk9WDy16r
— Jerry Parker (@rjparkerjr09) February 24, 2015
End of an era....RIP..
GTIM new all time high.........
No fear Obi Z Kenobi,GTIM 10+,GEVO 1.56++ IMHO..lol
Money in the bank............GEVO will be a 10 bagger ++ from the lows IMHO...
The two G's steady as she goes captain......GEVO GTIM :)
I understand your point J.Call me a sentimental fool but that show was my weekly escape.For half an hour a week i forgot my problems and was catapulted into the make believe world of Hollywood.I dreamed of being a macho swinging single,with $$$$ coming out of the wazooo,living on the beach etc etc..For some folks it was MASH,or THREES COMPANY,etc,for me it was 2.5 men.Yes Charlie isnt a saint,WHO IS?
Let he who is cast the first stone LOL...
Lorre forgot about being penniless and who made that show work!Granted he had a grudge and i respect that,but respect the idiot fan like myself who gave you those ratings over the years..
Ego at its worst.....and if its true that Lorre dines at Pacifica and Wallys when in Palm Springs,and if i happen to be there;;i will spit in his face and gladly face the consequences for depriving the idiot fan ME of closure....
I challenge any billionaire out there to put Charlie and Jon back together again with ''the harpers'' to prove that the magic had nothing to do with Lorre!!!
Richard Branson i am talking to you.......
SHAME ON YOU CHUCK LORRE,SHAME ON YOU....HUMAN EGO AT ITS FINEST.
AS CHURCHILL ONCE SAID;
THE MORE TIME I SPEND AROUND HUMANS THE MORE I LOVE MY DOG.
LONG LIVE DOGS..
LONG LIVE CHARLIE SHEEN.............................
GOOD NIGHT.....
A PISSED OFF SERF....
Tonight will mark the end of an era with the series finale of 2.5 men.
Will Chuck Lorre swallow his ego and allow You know who to make an appearance?
I wouldn't bet on it,but here is hoping that he smells the java and realizes that without you know who,well lets just say that his name would be Chuck who?????
Anyhow thank god for the reruns in syndication!
Thats all folks....
Likewise to one and all.....
Rotflmao...........post # 666 Hmmmmmmm
LEI 6 bagger since my previous post on it,shows how much i know LOL...
If one cant predict right,PREDICT OFTEN!
LOL...........
Serf size positions only B lol....
Impossible is nothing my good Z.....
No fear G,just pick up a few hundred k of GEVO,and thank me next year.
VINDICATION FINALLY LOL......................Now you tell me when i am out of $$$$$ lmao.......
I know that i am nuts Z,but leaving 3 mil$ or so on the table with plug really did a number on me.This time around,its redemption time or if i am wrong joining the work force again time...I will not be denied my megalomaniac right to multi millionaire-hood..
This time around my head on screwed on right and tight lol...
GEVO
For those that actually read my posts you know how long i have been bullish on this play.Been a painful hold,but todays news was just the reason i was looking for to take on the biggest single position of my trading career.Remember PLUG .011---to 11.72...Read todays PR and remember this post next year.
If i am right,it will be my biggest payday ever.If not,well lets stay positive LOL..
PLEASE DO GOVERN YOURSELVES ACCORDINGLY AS MY OPINION IN THE GRAND SCHEME OF THINGS IS USELESS.....
LEI an old favorite halted,either pinks or r/s imho...
T1 trading halt,i smell pink sheets imho...
GURE nice move today.
GENE long live the low floater..
GEVO down the pisser on dilution news!
Too think that folks thought AIG,C,etc were bankrupt LOL,NBG makes those two look like the FED.....
Dilution on the way,why am i not the least bit surprised LOL...
Wonder how much longer we have to wait for the NBG R/S oh great one!
The 3rd r/s has already been announced in a filing not so long ago.Its really only a matter of time and when you see the fake mini run-up it will surely have to lure in more bag-holders then the date will be really near.Rinse wash repeat,should be on the pink sheets!
Now going to cost me 20% more to visit Palm Springs thanks to the dollar hitting 0.81 lol..