Purpose is to compile important quotes that have been posted in this forum and that have can't miss information whether obvious or read-between-the lines.
This sticky is meant so they don't fall between the cracks.
Most of these are going to be from Jim, but other members like Roofer and T have posted valuable insights here as well.
AL
albert
Rep: 99
Posts: 3,094
And the ABCD completes and triggers big time. Now, here's where to watch for the key clue: follow through. See, if this is a true W2 ABCD here this should bleed like a stuck pig. Maybe a little W2 bounce here, as W3(3) starts, but otherwise straight down. But what seems most likely? Right back up, as the shorts are trapped now. Let's see. I'm not saying playing that ABCD trigger wasn't the thing to do, only that I'd be pleasantly surprised if it fully played out.
MR
mreiserer
Rep: 110
Posts: 2,220
'the dow 30 is such an amazing gift to traders.when 25 or more are bearish geometricly and yet the index is at new high, it is just not that much work to think through what might happen' Roofer
AL
albert
Rep: 99
Posts: 3,094
TonyC, "KT & Psychology," 03/27/2010:
"So it comes down to this: accept the risk, TAKE the d@mn STOP !"
"So it comes down to this: accept the risk, TAKE the d@mn STOP !"
DU
Duane
Rep: 100
Posts: 1,095
I think this adequetly descibes Jims attitude towards trading.
"I love this thing. If I weren't already taken, I'd offer to marry it. No, wait, never marry your positions"
"I love this thing. If I weren't already taken, I'd offer to marry it. No, wait, never marry your positions"
JI
jimkane
Rep: 3,058
Posts: 33,089
It's not my quote, but since this topic has really died out, I'll post it anyway:
"And I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property -- until their children wake-up homeless on the continent their fathers conquered... The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."
Thomas Jefferson, May 28, 1816
"And I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property -- until their children wake-up homeless on the continent their fathers conquered... The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."
Thomas Jefferson, May 28, 1816
AL
albert
Rep: 99
Posts: 3,094
"The important thing is to recognize when a technique is giving an edge, and when it is not, and adapt to that. The markets are constantly changing."
-Quoted from Jim
-Quoted from Jim
RO
roofer
Rep: 3,689
Posts: 3,574
''Price moves because one side capitulates''
''Price turns when buyers stop buying or sellers stop selling not because buyers or sellers step in''
tom demark 1984
short term capitulation moves are reversed 90% of time.
geo
''Price turns when buyers stop buying or sellers stop selling not because buyers or sellers step in''
tom demark 1984
short term capitulation moves are reversed 90% of time.
geo