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A Conversation On Super Bowl Sunday (Chat Room)
By Joshua Hayes on February 7, 2010
[21:51:23] paulcarrz: tomorrow should be tomorrow LOL – see which way the tide is going in the mkt
[21:51:24] JoshuaHayes: no i bet it is too
[21:51:32] JoshuaHayes: right great setup for tomorrow
[21:51:34] JoshuaHayes: we are flat
[21:51:36] JoshuaHayes: up or down
[21:51:42] JoshuaHayes: either way it is day one of a rally attempt
[21:51:45] paulcarrz: or up then down or flat or down then up or
[21:51:46] paulcarrz: or
[21:51:47] JoshuaHayes: in a market clearly in int. downtrend
[21:51:47] paulcarrz: or
[21:51:50] JoshuaHayes: and volatile
[21:52:03] JoshuaHayes: positions should nto be taken unless you know how to take some profits fast when right
[21:52:06] JoshuaHayes: and cut losses even faster
[21:52:11] JoshuaHayes: did you watch the video?
[21:52:14] paulcarrz: y
[21:52:14] JoshuaHayes: still working
[21:52:16] paulcarrz: good stuff
[21:52:18] JoshuaHayes: profits profits profits
[21:52:19] JoshuaHayes: some losses
[21:52:23] JoshuaHayes: profits taking care of losers
[21:52:26] JoshuaHayes: nothing has changed
[21:52:29] paulcarrz: I have been letting the computer do most of the work for me lately
[21:52:32] JoshuaHayes: nice
[21:52:38] paulcarrz: y its working well
[21:52:40] JoshuaHayes: keep our “smart” ideas out of the market
[21:52:44] JoshuaHayes: is my best advice
[21:52:53] JoshuaHayes: i am lucky i know i am too stupid for this game and i NEED the charts
[21:52:56] JoshuaHayes: about all i can do
[21:53:02] paulcarrz: yup let my emotions look me in the mirror let the computer do the work
[21:53:13] JoshuaHayes: absolutely
[21:53:33] paulcarrz: y I take few trades here there but keeping them real tight because of the vol.
[21:53:43] JoshuaHayes: oh Bourbon is going off now
[21:53:43] paulcarrz: and so far 5 for 5 no complaints here
[21:53:49] JoshuaHayes: nice
[21:54:03] JoshuaHayes: yeah i am pretty sure mjost that follow this site
SHOULD BE MAKING money
[21:54:07] JoshuaHayes: nobody should be losing
[21:54:10] JoshuaHayes: if you are
[21:54:14] JoshuaHayes: you are NOT following my buys/sells
[21:54:17] JoshuaHayes: and our doing your own thing
[21:54:21] JoshuaHayes: that i am for sure of
[21:54:36] paulcarrz: yup for sure….
[21:55:14] paulcarrz: my only problem is that I don’t always get fills
[21:55:16] ph1021 has entered the room “BWT Lobby”
[21:55:28] paulcarrz: so I miss out sometimes
[21:55:45] paulcarrz: that will change as I wisen up
[21:55:51] paulcarrz: hey ph
[21:56:05] JoshuaHayes: right
[21:56:10] JoshuaHayes: i always do small markets
[21:56:13] JoshuaHayes: even if $100 on longs
[21:56:16] JoshuaHayes: on shorts yeah i miss
[21:56:18] JoshuaHayes: no biggie
[21:56:25] ph1021: hey paul
[21:56:25] JoshuaHayes: limits go in for ANYTHING under 100k volume
Posted in Market Commentary