Be careful about making statements
like 'it will not, it must happen, it can't happen. The market can
do anything it wants to.
For example, I've seen too many
traders say the market can't rally because of some fundamental news
doom and gloom etc. Many here have tried to short the market the
whole time from July 15, and the market keeps pushing higher. You
don't need to pick tops and bottoms to make money in the market,
and in fact many go broke trying to pick tops and bottoms. Trade
the charts, not the news, and there are not absolutes with the
market, you have to
go with the flow.
That's why the Watch List does pretty well, I keep it objective and
the trade ideas there are from an unbiased mindset. Traders need to
lose their bias, the best traders are unbiased and trade the
charts. Turn the TV off, Stop Reading Russel and the end of the
world stuff.
My point was yes gold stocks
outperformed slightly for the week, but not as of Thur and Friday,
that's all, don't read anymore into it than that.
Be careful about making statements like
HUI
Posted by matt on 17th of Aug 2008 at 02:43 pm
Be careful about making statements like 'it will not, it must happen, it can't happen. The market can do anything it wants to.
For example, I've seen too many traders say the market can't rally because of some fundamental news doom and gloom etc. Many here have tried to short the market the whole time from July 15, and the market keeps pushing higher. You don't need to pick tops and bottoms to make money in the market, and in fact many go broke trying to pick tops and bottoms. Trade the charts, not the news, and there are not absolutes with the market, you have to go with the flow. That's why the Watch List does pretty well, I keep it objective and the trade ideas there are from an unbiased mindset. Traders need to lose their bias, the best traders are unbiased and trade the charts. Turn the TV off, Stop Reading Russel and the end of the world stuff.
My point was yes gold stocks outperformed slightly for the week, but not as of Thur and Friday, that's all, don't read anymore into it than that.
Be careful about making statements like
Posted by arl3080 on 18th of Aug 2008 at 08:09 am
Be careful about making statements like 'it will not, it must happen, it can't happen. The market can do anything it wants to.
Many years ago on the CME floor a trader told me"The market is gonna do what it's gonna do,when it's gonna do it--No matter what"