“Nobody makes money in a true bear market, not even the bears“ | The action this week got me thinking that I need to write a Duru-like missive on shorting. But since I don’t have a Ph.D you’ll just have to suffer through the following rant which I’ll try to keep relatively short. Yesterday Howard [...]
Posted by 12 April 2007
Anticipation Versus Reaction, Revisited
Michelle B submits: Peter has queried regarding the merits of anticipating versus confirming/reacting when entering trades. Here is an excerpt from an earlier post of mine: Also note that an additional lot could have been purchased via an automatic buy stop once the resistance at 21 was cleared. Since the price action from the open [...]
Posted by 5 April 2007
Seeing is Believing
Michelle B submits: As my posts show, I am a died-in-the-wool discretionary trader. I would not trade if I could not do it in a discretionary manner. Guided by chart patterns made by volume and price, I have noted in my years of trading that traders have different visual abilities. Frustration at times have surfaced [...]
Posted by 21 February 2007
