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The Psychology of Handling Large Drawdowns
6 days ago
Friday, February 12, 2010
Reading the sports this week I notice that Steve Stricker is leading the money list, is 2nd overall (behind Tiger) in world rankings and is in the top 5 of several other categories. Check out our past post which draws several parallels between Stricker's rise, fall and rise again with our trading careers. Recall Stricker's advice in the September post:
"never give up, practice with a purpose, find a coach to help you, etc.."
Thursday, February 11, 2010
I am closely watching the chart of Dupont (DD).
Look how many days in a row that DD has held the $32 level. The line in the sand is cleary $32.
I am watching/waiting for a break below $32 on heavy volume. (preferably in 1st hour of trading.)
Monday, February 1, 2010
Posted a simple daily SPY chart below. We have seen a similar pattern play out a few times. Sell off, rally is over, whoops rally is back on. I am not making a prediction but I am going to be ready to capitalize if I see a rally playing out.
Ned? Ned Ryerson?
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