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Just holding your small position J?Do you know when you might add, or is that it for this 100% signal?
50% tza right now. Was gonna add some on the open but never got around to it. Wish I would've... I'm not too bummed though. Even at only 50%, today is treating us kindly.
thanks, continue your great vacation
Good morning... and another 100 pt gap (if we open here).... awesome mkt for trading!
Not so awesome for those who are long TZA, which I assume most people here are, or else, why would they be here?
Algyros, you need to broaden your horizons... Not everyone is a 100% all-in-all-out type, greedy for maximal profits, at the expense of a high beta portfolio. Heck, J was not fully in TZA and this is HIS site! No, he's learned.... this is not about making the most profit -- it's about survival AND having a reasonable growth rate at the same time. The best traders are those who achieve steady growth at a reasonable rate, and don't have wild swings. Just like baseball: Do you wanna be the home-run king and have the highest odds of striking out, or do you want to have a great batting average and consistently hit singles and doubles?As for these large gaps, I hope that some day you learn that those are your friend, and they are very profitable. The mkt has to move for traders to make good money w/reasonable risk. And it's doing that now.
I agree with you, JKH. My point was simply that at the time (obviously not later) those of J's followers who where long TZA did not feel so good. And FWIW, I was not long TZA at the time. I was simply making a point about sensitivity to those who were feeling pain at that moment.
If anyone's trading is painful, then they need to do something different. Life's too short to do something painful. Painful trading methods/systems eventually blow-up. Then yer toast. Everyone needs to embrace volatility (to survive). ... leverage it... allow for it. I guarantee you that adverse moves against your initial position or final exit will happen at least 90% of the time -- hence my long time message to traders here: learn to cost-average in/out.
JKH, I'm afraid that you're not getting my point. I'll try to be clear. When, at a given moment, most of the readers here are long TZA and TZA is way down, it's really tacky to boast about how great a trading market this is (i.e., for you). If you think that people shouldn't follow J's signals, you should say so and move on. As long as you post on this site, you must assume that the default option is to follow J's trades. When one of those trades is going badly, it is simply insensitive to say "awesome market for trading."You have a lot of wonderful insights to offer, and I'm sure that everyone here joins me in being grateful for them. I'm simply suggesting that you understand the culture of this site (take J's trades) and choose ways of formulating your ideas that are more tactful.And please don't respond to this post. These exchanges have a way of getting out of hand. I've expressed my views; now let's go on.