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fibo_trader
My recent Crude Oil trade & Call at ET (will post thread link when given permission) April 29
Also shorted Crude Oil today. .... Short 63.52 stop 66.17 & closed Longs Friday.
Trade doing nicely. Today $57.87.
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Here's the test of fibo_trader - is he worth a shite? Can he take a beating in the bend in the trend, survive it, almost get killed by wrong entry into SPY, but but but still stay on his horse and ride the Crude Oil trend to its natural decay and death and then dig this, catch the bend in the trend again and ride it north bound to $500/barrel? We shall see. That is what the fibrous one wants to do. this is what he is about.
A trend surfer at heart there is no greater pleasure in this stupid existence/life of the fibrous one. Everything else bores the crap out of me. When the correcting wave starts eating up my profits, that there is no better test of my kahunas as I hold on and wait for the dominant trend to reassert itself. I could bail like all traders do and then reenter. Nah! Not for me. Stress? You don't know nothing. It kills and kills quickly. Abusing my system is what causes the drawdown.
The bend in the trend disappoints and frustrates the fibrous one because he is a quick mover but these friggin markets move soooooo damn slow in the bend in the trend its downright irritating and debilitating. And then you might find out that the bend was just that only a bend and the northbound trip continues. This then is what the fibrous one wants to conquer. Its LIFE or DEATH - I'm here for either one.
More from Land of smiles, a place where the load lifts right off my shoulders ......................................