|
PureBytes Links
Trading Reference Links
|
These are all great arguments, make perfect sense, and we now are waiting for
the big summer sale, eah, autum sale... or will it be the winter sale?
Actually, since I have been quite an addicted doomsayer for a number of years
myself, I know now from experience that these arguments although very valid are
usually quite irrelevant, because sometimes things do happen as feared, and
sometimes (often) they just don't. One can go quite crazy trying to analyze
things to death, because the markets have a way to do their thing not yours.
One can become a great analyst, and yet a poor trader. Analysis and trading are
two different almost opposing businesses.
What I do now, is just to keep track of all these analysis. When a predicted
thing has been touted so for quite some time, and nothing happens, or the
market is just in a waiting mode, like sort of now in the US, then it is
usually a sign there will be yet another breakout opposite from the expected,
which can be interesting to trade. That is how one can end up having one
opinion and have an opposite position. I found out, this happens quite often...
I include that in the "Divorce your ego" rule.
Cheers to all,
Gwenn
| -----Ursprungliche Nachricht-----
| Von: BobsKC [SMTP:bobskc@xxxxxxxxxxxx]
| Gesendet am: Saturday, September 18, 1999 5:04 PM
| An: Kohath; realtraders@xxxxxxxxxxxx
| Betreff: Re: Great Bull Market
|
| Heh.. well, it seems believing this is in vogue and since nearly everyone
| believes it, we all know that when everyone believes something is about to
| happen in the equities markets, it always happens, huh? :))) For me,
| the more likely it seems by looking back on past events, the less likely it
| is to happen. But then, I'm not a purist techie either.
|
| Bob
|
|
| At 08:42 PM 9/17/99 -0700, Kohath wrote:
| > Some interesting reading, especially for those who beleive we are still
| >in the great bull market of the 90's. Did bull market die and Wall
| >Street miss it? Could there actually, really, be a 20% to 30% correction
| >in the next four to six weeks? It's happened before, and all the
| >indicators are ripe for just such a correction. From ???@??? Mon Sep 20 06:41:20 1999
Return-Path: <owner-realtraders@xxxxxxxxxxxx>
Received: from ml.nw.verio.net (ml.nw.verio.net [204.202.220.47])
by purebytes.com (8.8.7/8.8.7) with ESMTP id BAA13769
for <neal@xxxxxxxxxxxxx>; Mon, 20 Sep 1999 01:30:52 -0700
Received: (from majordom@xxxxxxxxx)
by ml.nw.verio.net (970819888) id AAA08485
for realtraders-sendemout; Mon, 20 Sep 1999 00:49:49 -0700 (PDT)
Received: from mail1.nwnet.net (mail1.nwnet.net [192.220.251.8])
by ml.nw.verio.net (970819888) with ESMTP id AAA08469
for <realtraders@xxxxxxxxxxxxxxx>; Mon, 20 Sep 1999 00:49:43 -0700 (PDT)
Received: from esrelay002.caissedesdepots.fr (esrelay002.caissedesdepots.fr [158.156.156.29])
by mail1.nwnet.net (970819888) with ESMTP id AAA18520
for <realtraders@xxxxxxxxxxxx>; Mon, 20 Sep 1999 00:49:39 -0700 (PDT)
Received: from esmailfed2.serv.cdc.fr (esmailfed2 [158.156.1.207])
by esrelay002.caissedesdepots.fr (8.8.8/8.8.8) with ESMTP id JAA09453;
Mon, 20 Sep 1999 09:44:37 +0200 (MET DST)
Received: from cmi.cdc.fr (localhost [127.0.0.1])
by esmailfed2.serv.cdc.fr (8.8.8/8.8.8) with SMTP id JAA17744;
Mon, 20 Sep 1999 09:50:41 +0200 (MET DST)
Posted-Date: Mon, 20 Sep 1999 09:50:41 +0200 (MET DST)
Received: from eiche by cmi.cdc.fr (SMI-8.6/SMI-SVR4)
id JAA09566; Mon, 20 Sep 1999 09:48:20 +0200
Received: from ncc183 by eiche (SMI-8.6/SMI-SVR4)
id JAA29218; Mon, 20 Sep 1999 09:48:19 +0200
Received: by localhost with Microsoft MAPI; Mon, 20 Sep 1999 09:47:48 +0100
Message-ID: <01BF034D.3267C5D0.ggautier@xxxxxxxxxxx>
From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
Reply-To: "ggautier@xxxxxxxxxxx" <ggautier@xxxxxxxxxxx>
To: "'Alexander Levitin'" <alevitin@xxxxxxxx>,
"realtraders@xxxxxxxxxxxx"
<realtraders@xxxxxxxxxxxx>
Subject: AW: Great Bull Market
Date: Mon, 20 Sep 1999 09:47:47 +0100
Organization: CDC Marches FKT
X-Mailer: Microsoft Internet E-Mail/MAPI - 8.0.0.4211
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="MimeMultipartBoundary"
Sender: owner-realtraders@xxxxxxxxxxxx
Precedence: bulk
Status:
:-))
That's exactly what I find myself doing, to the great confusion of those asking
for my opinions... In fact they asked the wrong question!
Now if people want to know my position, I don't give it, as it then clouds my
market sight. giving one's position makes it become your own opinion, which I
found to be most destructive for me, usually shortly preceding big trading
mistakes... The worst being to trade in front of visitors!
Gwenn
| -----Ursprungliche Nachricht-----
| Von: Alexander Levitin [SMTP:alevitin@xxxxxxxx]
| Gesendet am: Monday, September 20, 1999 8:43 AM
| An: ggautier@xxxxxxxxxxx; realtraders@xxxxxxxxxxxx
| Betreff: Re: AW: Great Bull Market
|
| At 09:01 AM 9/20/99 +0100, Gwenael Gautier wrote:
|
| > ... one can end up having one opinion and have an opposite position. I
| found out, this happens quite
| >often... I include that in the "Divorce your ego" rule.
| >
| A friend of my was sitting in the trading room of one of the great trader
| of our time (let me skip the name as he is very well known, but I belive it
| to be a true story). The trader was explaining to my friend how bad US
| bonds are, that they (bonds) have no place to go but down, that the crash
| is immanent and the only logical possibilities in the present circumstances.
|
| During the conversation the trader was watching the screen and from time to
| time picked up the telephone and give the orders to buy another 1000 cars,
| then another 1000 cars ... My friend could not hold it any longer and asked
| the trader: "If you are so negative on bonds, how come that you continue to
| buy them?"
|
| The trader took a long look at my friend and said: "I can not afford my
| personal opinion to interfere with my trading, can I?"
|
| Alex.
|
|