i thought this was a fun little read.Five Things You Never Hear...

i thought this was a fun little read.



Five Things You Never Hear Traders Say When They're Making Money

There are certain comments that traders make only when they're losing money. The comments are meant to pertain to the markets, but you can reliably take them as P/L confessions. So, drumroll please, the top five countdown of things you never hear traders say when they're making money:

Number Five: "Just wait 'til the bubble bursts" - Translation: I'm not long and the market is ripping higher. Coach's comment: The market doesn't give a rat's posterior about your economic and political views. Trade what the market is doing, not what you'd like it to do in your nihilistic fantasies.

Number Four: "It's a slow market" - Translation: My timing is off and I'm not making money. Coach's comment: Volume is down and volatility is down and you're trading like it was October. Someone's slow here, and it's not the market.

Number Three: "This market is manipulated!" - Translation: It can't be my fault that I'm not making money! Coach's comment: Who manipulates the market on your winning trades?

Number Two: "I was early" - Translation: My timing sucks and my trade is under water. Coach's comment: Being early is no more consolation in markets than in the bedroom.

And the number one thing you never hear traders say when they're making money:

Number One: "That had to be the PPT (government Plunge Protection Team)" - Translation: I was short and the market is ripping higher. Coach's comment: Very subtle of that PPT to turn market indicators bullish prior to the breakout of financial stocks and lead the breakout with moves in emerging markets.

http://www.traders-talk.com/mb2/index.php?showtopic=104408