Joules MM1 said:....you're a top bloke Mark....not a top broke...remain that way....
J
I will be looking for 365 expecting some early fast n false moves the drifting for the rest of the day moving toward position later in the day
mark twain uk said:J,
Thank you for your posts, I think I am closer to the latter than the former, I will look to close all my positions today or tomorrow and then think long and hard about what I did this year and what I should do next year. The decision may well be that I need to take a breather and go back to the drawing board. I simply cannot continue like this, I had the most appauling run of losses, statistically I should be close to the end of the bad run, but somehow I manage to extend it yet a bit further. Not a happy bunny at this time of the year, but I am philosophical about it, if there is a lesson to be learnt then this is the best way of learning it, the more hurtful the more memorable.
Pat494 said:Dont panic all is not lost. Most people have the problem of not knowing whether they are right or wrong. Somewhere in the 40%-60% area !
Just go through your usual routine but instead of the usual bet do the opposite. 100% wrong can be turned around very easily. You may think I am joking -but not really.
FetteredChinos said:Morning Chaps and Chapesses, and a happy new year to you all...
thought i might put a little something on here for you to think about, based on seasonal tendencies..
the first chart, is a map of the tendencies for the Dow based on all data going back to 1928...
the second chart is a map of the tendencies for years ending in "6"...
the numbers on both scales are the "trading day of the year" (approx 240 per year)
as you can see, both are bullish at the start of the year, quiet in the middle, and then bullish for the rest of the year...
what is interesting, is that the "6" end of year rally starts at approximately the 130th Trading Day of the year... in other words, some time in mid-July...rather than the traditional early October rally...
will be interesting to look back on this at the end of 2006 to see what does happen in the end...
FC
Silvertip said:I tuned into Bloomberb radio for a few hours Friday gone, and I listened to all the experts one by one take the airwaves advising everybody how strong the market is and that the trend is to continue. Bloomberg bullish !
i'm new to this site....but was pleasantly surprised to come across this post on predictions for the Dow for 2006...just looked back at the charts....and it 's uncannily accurate....please post for 2007 !
I think I am closer to the latter than the former, I will look to close all my positions today or tomorrow and then think long and hard about what I did this year and what I should do next year. The decision may well be that I need to take a breather and go back to the drawing board. I simply cannot continue like this, I had the most appauling run of losses, statistically I should be close to the end of the bad run, but somehow I manage to extend it yet a bit further. Not a happy bunny at this time of the year, but I am philosophical about it, if there is a lesson to be learnt then this is the best way of learning it, the more hurtful the more memorable.
consider it your tuition feesmark twain uk said:I am only hoping for a pull back, but with my luck, I will not see it before I am cleaned out. It hurts when you see the consequences of your stupid actions.
mark twain uk said:And it's been caused by three things: the absence of a clear trading plan; adding to losing positions; and lack of discipline.
mark twain uk said:.
I suppose lack of discipline is the main cause, I know what I need to do but I don't do it. Why? Maybe I am not as clever as I thought I was and I am not cut out to be a trader. .