Jul

31

 1. How many times have you taken a position in a market and had it moved against you, and then got out pursued by a debacle only to find that the market moved in your favor 9 or the next 10 days? Please quantify the situations and see if you can take the other side. Monday, July 24 spu????!!!!!

2. The Senator loves to find a market hitting a new x day low I believe at near the open and then going above some level (I believe the previous close or some such) as a great opportunity to buy. His Japanese acolytes took furious notes and wished to make him a national icon for this. How can it be quantified for individual stocks and markets?

Ralph Vince writes: 

#1 occurs ONLY when one has stops in the market of interest. Otherwise, it just doesn't happen that way– I am Cain (the market sees me, yes, me, there, in the shadows and trying to hide anonymously in the crowds).

I have to turn away, walk away in these situations, and look back at some as-yet unknown future point. "I'll be at the Coyote Motel, with it's missing light bulbs and wax bars of little soaps and the maids that never show. I will be eating cheese and day-old Reubens and watching the markets (now pointing with my index finger) and I will return when you can act like a lady."


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  1. ed on August 2, 2015 7:47 pm

    buying a strength on a low open can also be a total disaster, statistically speaking. If the longs are anxious to get out at even the market likes to reverse just before they are made whole, to then incite them into puking on the low. It gaps up the next day and then “its to high now to get long” and it is up for 3+ days in a row, etc.

  2. John Lee on August 3, 2015 12:26 am

    When #1 happens, I have to admit I was “one half step too late or to early, you don’t quite make it. One half second too slow or too fast, and you don’t quite catch it.”

    Good news is that … “The inches we need are everywhere around us. They are in ever break of the game every minute, every second.”

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