I understand your statement Palladin but again we cannot force
our opinions on members. My guidance is as I stated below, I
want to focus on being positioned WITH THE PREVAILING TREND.
I do not want to be playing against the trend except to hedge
or scalp trades. However, this is not to imply that I feel
comfortable adding many new positions at this time since the market
is quite extended. Again, those are personal decisions (my
objectives do not mirror all other members). In summary, it's
my personal believe (assertive) that one is much better off trading
with the trend versus fighting the trend (trying to pick tops).
To be clear, I'm primarily focusing on LONGS until the trend
reverses.
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I understand your statement Palladin
Comment
Posted by steve on 17th of Mar 2010 at 12:36 pm
I understand your statement Palladin but again we cannot force our opinions on members. My guidance is as I stated below, I want to focus on being positioned WITH THE PREVAILING TREND. I do not want to be playing against the trend except to hedge or scalp trades. However, this is not to imply that I feel comfortable adding many new positions at this time since the market is quite extended. Again, those are personal decisions (my objectives do not mirror all other members). In summary, it's my personal believe (assertive) that one is much better off trading with the trend versus fighting the trend (trying to pick tops). To be clear, I'm primarily focusing on LONGS until the trend reverses.