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The older profitable traders will tell you it may be best to not worry
about what could, should, or would influence something. Just use technicals
and stops, because we can't and don't know what will happen next and of
course, the next time could be different.
It may also be best that you never trade cotton again. :)
----- Original Message -----
From: "Robin Cotten" <rcotten@xxxxxxxxxxxx>
To: "Omega List (E-mail)" <omega-list@xxxxxxxxxx>
Sent: Friday, February 06, 2004 7:46 AM
Subject: excellent advise Adrian...
> I like the simple things because they usually make you money and I agree
with what you said,
> ..."and start reading books about people...about
> crowd behavior...human psychology. and then start plotting the markets
> by hand for a year...Begin to understand what makes a market
> move"....
>
> That's what it's all about. I can remember when Bunker Hunt was stopping
silver and got into trouble as the mkt crashed and burned. The rumor was
that he was also long cotton and feeder cattle. One day feeder cattle
collapsed and the cotton traders starting selling cotton futures with both
hands and feet and gold chains a swinging. It was insane to think that
feeder cattle should, could, or would influence cotton prices. But guess
what? It not only did influence prices but did so for almost a week. The
lesson that I learned from that: cotton is a "mood" market and to better
trade it, you should try to capture the "mood" as well as the trend and the
fundamentals.
>
> btw, the Ron stuff didn't bother me but then very few things do.
>
> Robin
>
> -----Original Message-----
> From: Adrian Pitt [mailto:apitt@xxxxxxxxxxxxx]
> Sent: Thursday, February 05, 2004 2:29 AM
> To: 'Ron Hudson'; omega-list@xxxxxxxxxx
> Subject: RE: Market Timing Hoaxes, Myths, and Scams
>
>
> No Ron,
>
> Your not serious are you? Do you believe we have subscribers from
> Zimbabwe perhaps? Even if we did, are you suggesting that they would
> fear disagreeing on this trading list for fear of reprisal? These words
> continue to validate why people made the comments they did
> initialy...that you are out of touch with people......markets are
> PEOPLE...they aren't just computer code....to write good code..yes you
> need to be smart...but you also need to be in touch with reality....with
> people...with markets....you keep showing us you don't have any of
> those....I'm not attacking you like another list member did...im
> pointing out what seems obvious....hoping it will make you think
> seriously about your direction in life....If you want to find a
> consistently profitable e-mini system..then walk away from your
> computer..stop coding..and start reading books about people...about
> crowd behaviour...human psychology..and then start plotting the markets
> by hand for a year...Begin to understand what makes a market
> move....Then and only then can you come back with a better chance of
> finding what you seek.
>
> Adrian
>
>
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