the goog bounced *hard* off its 200 dma after selling off for last 3+ weeks. BLK looks like it might be pulling back after the merger was finally completed with mlim yesterday; run-up into the news, sell-off after the news. The shorts have been cooperating better than the longs lately. Keeping stops tight and looking for new opps as the market rumbles along. What about oil and gold? what's in store for those two hot commodities the next few months? taking a breather or reversing trends? As they say, "time will tell"....
Why does the market go down? Because there are more sellers than buyers.
Why does the market go up? Because there are more buyers than sellers.
I like quotes, they are succinct, direct, and make one think.
"I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have" - Paul Tudor Jones.
"Rule number one of investing is never lose money. Rule number two is never forget rule number 1" - Warren Buffet.
"The best traders have no ego. You have to swallow your pride and get out of the losses." - Tom Baldwin
"The stock doesn't know you own it." - Adam Smith
"The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance." - Ed Seykota
and finally another one from PTJ:
"The most important rule of investing is to play great defense, not great offense. Every day I assume every position I have is wrong. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead. Always maintain your sense of confidence, but keep it in check." - Paul Tudor Jones