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I like the cut of your job. Do not make decisions in a choppy market. Great words of wisdom, it has taken me a long time to learn that.
Often the best trade is to take your hands off the keyboard and take a sip of coffee!
Ain’t that the absolute truth, Dennis M!
Better yet, a sip of wine. There. I beat Al to it!
John W. remembr the reason why casinos serve free booze is to profit from poor decisions. in the context of the above ….maybe we should close our latops…. leave our smart phones in the car and belly up!
I’lll Have Another!
Okay Dennis M, me too!
By the way, it is almost immoral the way casinos encourage their patrons to drink. Don’t you think so?
Yep John W, you sure did!
Re casinos and free booze,
They’re got pretty chincy lately. Unless you sit at a table or $1 slot machine, you’ll sit and gamble A LONG time before that watered-down drink arrives. Better to go to a bar and pay for your drinks I found.
All drinks aside, I absolutely agree that most of us probably shouldn’t be trading each day or week.
I didnt like doing it but I sold some today, the reason was the company is having trouble with new rules in argentina. But, I bought low so didnt cost me much.
So, wasnt the market but political. My luck it will turn around and skyrocket of course. But otherwise I am holding and looking for good prices on shares.
I also have not stopped on my favorite, the physical. Even tho some people say its share time I still like physical.
Who knows man, maybe you did the right thing.
Which company are you referring to?
the greatest trader of them Jesse Livemore told us in his books he was out of the markets about 80% of the time. When he found a serious trade he pounded it either long or short. this is the way to trade but analysts like me have to cover it all in all the cycles. This first half of 2012 replicates the messes of 2008. We are moving to new strategies and faster trading. Commoditiies are nearly fully oversold. So much so the long side snap back could be a doozie – Traderrog