I wish i could keep my hopes up like you but being 24k down 2 weeks before Christmas... CDIV and the other FLD make me sick.... and on top of that this letter posted this morning... I don't know what to think...
monks highly touted chart reading strategy for guaranteed money making operation is centered on mechanisms that take away all personal emotion. Right?
monks failed FLD strategy is centered on the most deeply held emotion of hope.
so CDIV is a stock that is held by shareholders by the emotion of hope. even as the world crumbles and falls around them they still have hope.
there can be no arguement that all seasoned traders agree on one of the most fundamental elements of making money on stocks. and that key fundamental element is not to become emotionaly involved with any stock.
Emotion is being pumped very hard with the stock CDIV. no emotion is key when chart trading.
when the price is paid and the story is over there will be no hope left.
the seasoned trader will still be buying and selling based on a strategy not tied to emotion.
will be interesting to see if monks chart strategy is good enough to stand on it's own.
monk will still be held accountable to the securities violations he has commited.
News 
Market Data 
Discover 
