Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Tuesday, March 11, 2008

discipline

I generally have good discipline.... Funny though When I have a ton of cash... it tends to want to burn a hole in my hands.... I swore I was going to read the paper take it easy for an hour or so.... and yet... trade away.

5 comments:

new comer said...

Morning Eric,

Me too, i hope i am long banks. Anyways...

By looking at early trading, noted that there was a strong selling pressure, Dow highest was up by 270 and now was only 158, this indicates traders are lack of confidence to go long with 270 points up.

Eric said...

Santelli keeps scaring the crap out of me..... since he is my hero. 200 billion in lequidity for AAA mortgages is BIG... but we needed big.... It makes me think a move to 9k is unlikly.....

strangly I'm hoping for a slow move down.. I don't know if I can take many Jyrations... I also have to keep reminding myslef that 12k Isnt' that low.

Eric said...

guess if it was easy... everybody would do it.

Eric said...

how about going long +380?

Eric said...

how about me spelling discipline correctly.

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