InvestorsHub Logo
icon url

surfcat

12/18/13 4:22 PM

#13531 RE: sharpshorts #13510

faked me out, lol

copy/paste from years ago, applies to today sharp.

"surround yourself with positive people

life(live) in the moment

gratitude


The past is history, the future a mystery... but the PRESENT is a GIFT!


conclusion

i've arrived at this somewhat reluctantly,after more then twenty years looking for answers in all the wrong places.

searching for the holy grail without success all these years,the realization that the answer was right in front of me all this time comes as quite a revelation. the fact is,the battle for short term trading profits becomes much easier once you stop hitting your head against the hard wall.

the market can not be forced. no more than you can ride the flow of a river upstream.

knowing about time and price allows you to ride the market the only way it can be ridden-----namely,downstream

with the trend

this should be obvious. but you'd be surprised how often the would-be successful trader tries to

MAKE THINGS HAPPEN in the market

i'm convinced that the harder you try in the market,the worst things become

learning to surrender

to the market,thanks

trying is not the answer.

understanding the forces at work,on the otherhand,will stand you in good stead from first to the last.

how do i know this? aside from personal experience,trying to extricate myself from the inevitable setbacks and adversities that every trader encounters,i've seen a virtual standard pattern among countless novice traders who,with the best of intentions,manage to repeat the same mistakes over and over again.

so common are these mistakes that i suspect they are deeply ingrained in the human condition.

why else would they be so commonplace?

you know the old saying about every trader walking a path between fear and greed. and the importance about not being caught up with either one.

yet,just about no one owns up to either being fearful or greedy.

when was the last time someone posted,"you know i'm a very fearful trader?" or "i'm very greedy"

you don't read those things. yet,successful trading is one-third a winning profitable system or method and two-thirds MENTAL!

we are all greedy and fearful.

and when we trade highly leveraged futures and option contracts,these all-too-human emotions will come into play whether we acknowledge it or not.
icon url

YellowBull

12/18/13 4:23 PM

#13533 RE: sharpshorts #13510

Like I said earlier today, it's simply a relief rally and not surprising at all. BTW, a $10B taper is nothing. Still $75B in bond buying is nothing to sneeze at.
icon url

jumanji0881

12/18/13 4:25 PM

#13534 RE: sharpshorts #13510

How much higher would the markets have gone if the tapering had been $20Billion ?
icon url

sharpshorts

12/18/13 4:39 PM

#13536 RE: sharpshorts #13510

WHO LET THE DOGS OUT ? ? ?

The morning started out pretty much like any other day.

The lights came on at 2:00

Take a gander at those tick sizes...still running - 30 minutes 'til the FUTs session close, if you want a piece of this...
Today's ADV/DEC/DJIA and the EOD summary.