Friday, May 16, 2014

947 - updates, and about Turkey

 Above is my losing trade. The support line is holding up pretty strongly. Hopefully it does not collaspe.
The above is my winning trade.

I am halfway reading the 'Reminicse of stock operator'. It mentioned that at the exchange center, most people are losers, and do not last longer than 5 years.

But there is an old man by the nickname of Turkey. The author writes that the difference between this humble old man, and the rest, is that he hold onto positions, and does not concern himself with the short term movements. If he knows that the trend will be up, he sticks with it. That is why he is the old man there, because most other people do not survive.

Kinda remind me of MasterGunner. He goes for big moves. He rarely set stops, and he will only give up on the trade when he think it will no longer go the way he suppose it will go.

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