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Re: TheFinalCD post# 1789

Sunday, 05/15/2011 7:14:15 AM

Sunday, May 15, 2011 7:14:15 AM

Post# of 1835
I read and understood the 8K before trading this and still made good money on it. The point of trading is to make money and regardless of the situation, if there is an opportunity to make money on something, then I roll the dice. I noticed that someone was buying this Thurs and Fri, probably to cover their short positions before the canellation. If you watched the L2, the MM's were bidding up the price on sells. This is why I played it, but I made sure it was a quick in and out as I knew the cancellation was looming.

Everyone will lose sometimes, but whats important is to learn from each play to see what you did right or wrong. Over time, these lessons will make you a better trader. I am now 12 years into trading and am still learning.

First follow the money, and then let the money follow you!



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