Replies to post #11345 on S&P 500 Analysis & ETF Trading

[kiy]

Don't short change yourself...you only get good at this game by learning how to dig yourself out of a hole...it took me years and years to convince myself to trade with the trend and take smaller profits until I own the shares at no cost...
They all just don't go to the moon just because I like them...
Then it drives me crazy on round trips because I won't sell the shares cause I don't want to support the government...so I forced myself to use options to hedge...
Tan looks like YHOO "should" if this drawback doesn't go below 33...a good guage of interest will be if the bigBoyz bounce it before 34 fails...
Daily ...TAN...looks like it can still go higher=breakout with improving volume...Can just let stochastics decide...along with the 5 day average to give PRICE a little elbow room...
Note the settings on the stochastics...pick a timeframe you like...

XOP...is this a breakout or is it starting to look over extended...

...Oh...and speaking of crazy...I've never denied it....if you deal with the insane you become like the insane...and then comes the "Catch 22...where IF you say/think you're insane; you can't be insane...its the insane that deny that they're insane really that are insane...

[kittzelle]

I agree.

That's why I don't pay any attention to fundamentals. Quite honestly, I'm just not that smart.

So I just play the momo. I miss a lot of the major move of a stock, but that's ok. I'm learning to make good trades, and not worry about making money. Since money is a by product of good trades.

I was a bag holder back in 07. Didn't get wiped, but lost enough to cause some serious mental anguish. That also served to set my entire believe system of the market....everything...I mean EVERYTHING is a scam. Don't care if it Apple, Google or NQ.

That keeps me free to move in and out, long or short with out being bogged down with emotion or any attachment to any stock.

I no longer hope for anything, I just let the market tell me the path of least resistance. and roll with it.

I use a worse case scenario for the volatility to play out, and if its not working, I cut it lose. I tend to use small trades and go with volume, so I don't have to stress on being right with a high percentage.