Getting it all together.... - Monday, page-6

  1. 4,155 Posts.
    s&p futures 2hr.  testing this 100 sma (50 on a 4hr chart and 200 on a 1hr chart).  will try and find the right spot to add to the short position, as this open is not inconsistent with the market at least taking a breath here.

    here's a good quote i got from somewhere:

    "i've learned may things from him, but perhaps the most significant is that it's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.  the few times that soros has ever criticized me was when i was really right on a market and didn't maximise the opportunity.

    soros has taught me that when you have tremendous conviction on a trade, you have to go for the jugular.  it takes real courage to be a pig.  it takes courage to ride a huge profit with huge leverage.  as far as soros is concerned, when you're right on something, you can't own enough."

 
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