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Yuki,
My last [stupid] Long experiment was definitely closed yesterday, as
I wrote to Jayson. [I think he was expecting today's plus but...].
It is the first morning coffee [a lot will follow...] and do not
expect more now. The day will be long, you are half a day ahead, it
is good for us, all of us ...
More comments later.
Dimitris
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hi Lou,
>
> Thursday, July 3, 2003, 9:51:18 AM, you wrote:
>
> LH> Yuki -
>
> LH> Just a note to let you know how much I enjoy reading your
trading
> LH> insights. If you ever write a book on the philosophy of
trading,
> LH> I want one of the first ones.
>
> You are very kind. ^^_^^
>
> Start with these personal musings I have conjured up over the years:
>
> 1) You (you the collective you, anyone involved in this business for
> any length of time) are very likely too smart for this business.
>
> 1a) Because of your native intelligence, you are remarkably
> unqualified to judge market insanity. (Are you listening, DT?) ^_-
>
> 1b) In fact, because of your very intelligence, you are very likely
> to define normal market action (the fantastic interplay of the gut
> emotions of fear and greed, once they really *begin* to kick in --
> note the emphasis on 'begin') as the very definition of insanity.
>
> 1c) By the time real insanity arrives, (I shall leave that
definition
> to someone not as smart as we are.) ^^_^^ you've stopped paying
> attention. Section 1b has numbed you to reality, and you have taken
a
> break from the action. (Been there; done that.)
>
> 2) One of my favorites, one I first wrote about 5 years ago: The
> crowd is capable of more insane behavior than the lone individual
can
> ever conceive of.
>
> Talk about twisted . . .
>
> The major banks opened up around 10 percent higher this morning, now
> after the lunch break they are 3 to 4 percent in the red.
>
> There is blood all over Tokyo today, folks. It's running in the
> streets.
>
> I wouldn't enter an order today with Saddam Hussein's money. ^_-
>
> Yuki
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