Peterma said:
Lol, I love the "mumbo jumbo" part, I'm guessing jamming up means forcing retail into dd, margin calls for retail are set up by the bookies (sorry, some call them brokers).
Last time I recall institutional margin calls, man I hate even thinking about it, was the dot com bust.
It's often wise to not discount any market discipline, but hey, it's a free market, well it's supposed to be.
The reference to the China data in my post was the fact that HSBC data is accepted by the market as bona fide, the Govt data is often disregarded - case in point actually occurred this morning:
http://www.forexlive.com/blog/2014/12/28/the-mystery-of-the-disappearing-chinese-2014-trade-growth-data/
The quote at the bottom about head wrapping, I don't agree with the addition of the two words "and indice" from the older quote back in 2011, but maybe Shopster has changed it to include those.
Anyways, wrong topic, wrong thread, apologies to thread starter, I'm away back to my mumbo jumbo Lol
Don't take the mumbo jumbo personally.. Its just made my head swirl.
And i'm defiantly not discounting your point of market view, i just rather assume the mentorings about the SP500 from an original gunman who was trading it even back in the pits(all markets trade the same) with some damn magical results(i think you can find here a few threads about 'em). But what does he know.. Right?
Anyways. Good point, wrong time wrong thread. Have a happy new year.
As to you hanger,if you ever decide to return to the arena i would suggest to you to work on your mental skills.A few points that might be of interest to you:
1. Recognize your repetitive patterns of trading. Be aware of your life
principles and preconceptions and how much they may be behind
your trading decisions. At the very least, these principles provide a
frame of reference from which emerge your marketing decisions.
2. Let go of the defenses of denial and rationalization that minimize
mistakes. Begin to recognize the value of reviewing the previous
day's trading. This can help you discern patterns of trading that may
reflect an underlying perspective which, though reassuring, demonstrates
that you aren't trading to win.
3. Read the market, and follow it rather than your ego, needs, life principles,
and notions about what you deserve or don't deserve. Notice
how long-standing beliefs about yourself and the world come into
play in the middle of action. Notice how they trigger old attitudes,
resistance, and automatic responses—such that you are in the grip
of what others are doing.
4. Develop purpose to your trading—commit to playing to win. Play at
a committed level of responsibility in terms of producing specific results,
doing what it takes to reach objectives, developing self-mastery,
and following trading and money management rules.
-Trading to win
May we all have a better new year then the last one!!!!
Happy New Year Evrybody!!!! :cashjump:
arty:
bnj: :drinking:
Cheers
-P