Principles Over Rules

[Patuca 13]

knight-mare. hope they can wake up and shake it off..this is bad bad news when professionals blow it like this...

[steve46 12]

It won't be the first time.....

[MightyMouse 12]

really? ALL trends will have pullbacks. most pullbacks are small trading ranges. then either the trend will resume in the original same direction (this happens most of the time in strong trends) or there will be a larger trading range that will begin to form. Or price will break out of the small trading range (i.e. the pullback) in the opposite direction. One of three things.

 

How do we know an old man from a young one? color of hair?..no teeth? bent over? shuffling feet?...crackling of voice? ...wrinkled face?...shaking hands?...passing gas while in line?...combination?

 

Point is we look and observe and interpret and come to a conclusion.

 

I always say observe the obvious and have the will to go with it. but just in case you interpreted wrong or the old man was faking all of the above then you have stop losses.

 

Far more than 3 things can happen. If only 3 things could happen, then you should be ridding every trend that exists with certitude and not riding your motorcycle.

 

You shouldn't have to ask how you know if an 80 year old man is old enough to buy liquor. You can bet that one without a stop and do it with certitude.

[SIUYA 11]

sort of reminds you of the star quarterback, CEO, fitness fanatic, healthy dont eat cream buns person who cross the road and forgets to look both ways - it only takes one time for the bus to be at the wrong place at the right time, no matter what precautions, rules, principles we have in place.

[bakrob99 11]

knight-mare. hope they can wake up and shake it off..this is bad bad news when professionals blow it like this...

Quite the contrary. I think it's good news for the small trader as it will give pause to people contemplating funding these types of algos.