Any shorts need to be very cautious right now. Bull is not dead until we break 1084 decisively. Today was a low volume and hence either way no advantage. I am not leaning either way. 1104-1108 area is also becoming important. But if we move higher on Sunday I will close out positions.
If any of you guys are interested in making this site subscription site please use link on right hand side and send me an email. I like to justify my time here on site. Good luck and happy trading.
Friday, February 26, 2010
Thursday, February 25, 2010
Tuesday, February 23, 2010
What do you want ? "Analysis Paralysis" Or "Portfolio up 160%"
This is what most of financial bloggers are afflicted with when they go too deep into explaining their bullish or bearish bias. Wikipedia defines "Analysis Paralysis" as
Analysis paralysis is a phrase that describes a situation where the opportunity cost of decision analysis exceeds the benefits that could be gained by enacting some decision, or an informal or non-deterministic situation where the sheer quantity of analysis overwhelms the decision making process itself, thus preventing a decision. The phrase applies to any situation where analysis may be applied to help make a decision and may be a dysfunctional element of organizational behavior. This is often phrased as paralysis by analysis, in contrast to extinct by instinct.
I also has noticed that once they are done with their 1000 feet deep analysis, its hard for them to accept mistake and move on. That is one of the reason I am trying to keep things simple and not go too deep into rational for each trade.
Another problem I see with many analysts is that they cover both bullish and bearish scenario on various posts and even better posts multiple targets on separate posts. Then when one of their target is met they take credit as how correct their predictions are by showing link to their previous post and without acknowledging the fact that they were wrong so many other times. This is another reason I just let my trades speak as I might be wrong 60% of time but as far as I am making money on my portfolio(up 160% in last 3 months) I don't care.
Analysis paralysis is a phrase that describes a situation where the opportunity cost of decision analysis exceeds the benefits that could be gained by enacting some decision, or an informal or non-deterministic situation where the sheer quantity of analysis overwhelms the decision making process itself, thus preventing a decision. The phrase applies to any situation where analysis may be applied to help make a decision and may be a dysfunctional element of organizational behavior. This is often phrased as paralysis by analysis, in contrast to extinct by instinct.
I also has noticed that once they are done with their 1000 feet deep analysis, its hard for them to accept mistake and move on. That is one of the reason I am trying to keep things simple and not go too deep into rational for each trade.
Another problem I see with many analysts is that they cover both bullish and bearish scenario on various posts and even better posts multiple targets on separate posts. Then when one of their target is met they take credit as how correct their predictions are by showing link to their previous post and without acknowledging the fact that they were wrong so many other times. This is another reason I just let my trades speak as I might be wrong 60% of time but as far as I am making money on my portfolio(up 160% in last 3 months) I don't care.
Covered..waiting for re-entry +14 points
Celebration time...our site has reached adjusted 100+ ES points...
Monday, February 22, 2010
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