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"

Thursday, August 14, 2008

Sign of capitulation?

The Last Days of the Long Investor?


Now, I am not so sure with the programmed trading if one can take advantage of it because if you are wrong by even a 5 day duration, you lose 30% of your capital. There is no coming back from that - if you lose 30% you need to make 40% just to break even. That is not a set up for success over the long run.


We are getting there kids!!!!

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