johnpaulca
12,036 posts
msg #141865
- Ignore johnpaulca |
2/4/2018 11:35:41 PM
..”I did exactly the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.”..
Jesse Livermore
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davesaint86
725 posts
msg #141866
- Ignore davesaint86 |
2/5/2018 8:11:10 AM
Good advice for someone who had held hoping for a prayer.
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karennma
8,057 posts
msg #141868
- Ignore karennma |
2/5/2018 9:50:23 AM
Re: "The wheat showed me a profit and I sold it out. "
==========================================
"Sold out"??
He took his profits! As he should have.
Jesse Livermore always said trading required the discipline of "sitting tight", yet he didn't take his own advice.
Livermore was greedy and mentally unstable.
He made $100 million dollars and wasn't happy.
So, he went and lost it all and committed suicide.
Gambling is a mental disorder.
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johnpaulca
12,036 posts
msg #141876
- Ignore johnpaulca |
2/5/2018 1:36:49 PM
Symbol Name
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Eman93
4,750 posts
msg #141879
- Ignore Eman93 |
2/5/2018 2:10:09 PM
whos buying the dip?? TNA oversold like it at 67
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johnpaulca
12,036 posts
msg #141880
- Ignore johnpaulca |
2/5/2018 2:14:36 PM
Eman...Not unless the VIX gets below 16
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pthomas215
1,251 posts
msg #141881
- Ignore pthomas215 |
2/5/2018 2:18:53 PM
Brilliant point JP. it can be argued to be long in anything that doesnt have the word 'bear' in it is risky right now. generalized thoughts...
vix...above 14..raise an eyebrow
vix...above 18...clear out of equities
vix...above 22...panic mode...panic selling
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Eman93
4,750 posts
msg #141883
- Ignore Eman93 |
2/5/2018 3:08:23 PM
blew through that 67 still watching for support 150 ish on IWM but blew through that.
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pthomas215
1,251 posts
msg #141884
- Ignore pthomas215 |
2/5/2018 3:11:29 PM
IWM drives the market. keep an eye on it.
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pthomas215
1,251 posts
msg #141885
- Ignore pthomas215 |
2/5/2018 3:12:04 PM
long term investors bailing. massive panic selling.
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