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Re: Stock post# 26

Wednesday, 12/08/2010 8:05:13 PM

Wednesday, December 08, 2010 8:05:13 PM

Post# of 89
Got stopped out of my short position again. Had to go long USD. So far it is making me money. So my long positions this year have outweighed my short loses. Who would have guessed with all the world economic problems? I now have since moved up the stop so will make money on the trade even if it triggers.

So lets watch USD then. It closed around $40.50 on Dec 3rd.

And just so you know I don't follow any resource like Stock Trader's Almanac, etc. I do better by ignoring what everyone/article/report/etc says and watch the market. I find taking everyone's advice only hurts me. Because for any one person who would sell I can find one who would buy. You can always find the opposite opinion. Ask any lawyer this question and see want they say. "Can you always argue for the opposite side?" They will say yes. That is what goes on during every trade. So it makes logical sense to not pay for and read any material being put out like that. Especially if it talks about chart patterns or the market history, etc. I want to hear about the future and last I checked...no one has a crystal ball. So I just use the market. It always knows first.

But so you know I spent years looking/reading that crap. Never again.