Mar
14
The Night Crew, from Larry Williams
March 14, 2007 |
I do not believe there is a night crew, specialists, floor traders, et al., going out after my stops or my positions.
I think that is a sophomoric concept. If you are getting stopped out a lot it simply means your stops are too close and market randomness is doing it to you — not some cabal that meets in secret prior to the opening every day.
Jay Pasch lauds:
Another gem from the Senator. One voice speaks of responsibility, ownership, and self-empowerment, the other voices, blame.
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In 1984 I had the opportunity to meet William O’Neil. I have been a disciple of the CANSLIM methodology ever since. It works for me. Like anything else, whether trading beans, bellies or E-mini’s, doing the work is what is most important. Mr. O’Neil in all of the advanced seminars I went to over the years always had this to say about his ability to stop a runaway stock dead in its tracks and prevent any further upside advance.
Just buy 100 shares.