johnpaulca 12,036 posts msg #141865 - Remove message |
2/4/2018 11:35:41 PM
..”I did exactly the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.”..
Jesse Livermore
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davesaint86 726 posts msg #141866 - Remove message |
2/5/2018 8:11:10 AM
Good advice for someone who had held hoping for a prayer.
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karennma 8,057 posts msg #141868 - Remove message |
2/5/2018 9:50:23 AM
Re: "The wheat showed me a profit and I sold it out. "
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"Sold out"??
He took his profits! As he should have.
Jesse Livermore always said trading required the discipline of "sitting tight", yet he didn't take his own advice.
Livermore was greedy and mentally unstable.
He made $100 million dollars and wasn't happy.
So, he went and lost it all and committed suicide.
Gambling is a mental disorder.
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johnpaulca 12,036 posts msg #141876 - Remove message |
2/5/2018 1:36:49 PM
Symbol Name
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Eman93 4,750 posts msg #141879 - Remove message |
2/5/2018 2:10:09 PM
whos buying the dip?? TNA oversold like it at 67
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johnpaulca 12,036 posts msg #141880 - Remove message |
2/5/2018 2:14:36 PM
Eman...Not unless the VIX gets below 16
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pthomas215 1,251 posts msg #141881 - Remove message |
2/5/2018 2:18:53 PM
Brilliant point JP. it can be argued to be long in anything that doesnt have the word 'bear' in it is risky right now. generalized thoughts...
vix...above 14..raise an eyebrow
vix...above 18...clear out of equities
vix...above 22...panic mode...panic selling
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Eman93 4,750 posts msg #141883 - Remove message |
2/5/2018 3:08:23 PM
blew through that 67 still watching for support 150 ish on IWM but blew through that.
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pthomas215 1,251 posts msg #141884 - Remove message |
2/5/2018 3:11:29 PM
IWM drives the market. keep an eye on it.
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pthomas215 1,251 posts msg #141885 - Remove message |
2/5/2018 3:12:04 PM
long term investors bailing. massive panic selling.
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