Credit to all for a great thread.
It clearly demonstrates that as individuals we have different perspectives and different trading plans...we all do have a written trading plan don't we? especially if you trade for a living...it is after all your business and you wouldn't run a business with a written business plan now would you?
If every one followed Snacks advice T4P would be correct.
If every one followed T4P's advice CK would be correct.
I believe that the idea of trading (as opposed to investing) is to read the herd mentality and profit from it.
There are of course many many ways to do this.
This is why we have so many tradable stocks, indices, currencies, options, ETO's, warrants etc.
The only reason there is a market is because someone thinks the price is cheap to buy and some one else thinks it is priced right to sell.
Forget the sniping...some great reading on this thread
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