yeah , well optimal poker skills include understanding of game theory, odds, ranges , frequencies to determine plus or minus equity value. maybe missing a couple more information indicators but you get the idea im sure.
I caught Cramer (5 minutes worth) the other night. It was one of the very few times that I have ever seen him. IMO, after 5 minutes, I was convinced that anybody that would listen to him would have to be a complete fool.
He was banging on buttons that make noises and he hops around like that Elf Geithner. What an obnoxious SOB!
I dig the light shows except when they burn modems out and computers. One time my VCR caught on fire when lightning came through the line. I had to open the sliding glass door and toss it out into the yard. That lightning hits right here and about blows your ears out. One time I was standing by a telephone pole in Aurora and lightning hit the wire up by me. Everything turned blue and there was a big blue ball on the line that took quite a while for it to disappear. That was a really wild one.
Now it is nice and quiet out now (just distal thunder and some rain). That is Colorado for you!
I think that's key whenever you switch trading styles or get into a new game like the pennies. Until I have about 30-40 of these option trades under my belt and an ok record, under different market conditions, I'm keeping the same price limits.
Seriously though, how many times did those clowns call the bottom is in... and then in march said that we are in big trouble. Actually, I saw a great vid, which I should post a link to, from one of the greats, who just looked down when asked about the news and basically said he believes they are paid somehow to pressure retail into going the wrong direction.
I believe that T/A and DD are the only things that give you leverage and odds with stocks. Now with pennies, if a goat farts it is worth 3 ticks. Pennies are so news driven that it is insane. Forum after forum all sound the same. Either they are elated or they are depressed while waiting for a PR.
I love this forum, because we can discuss things and all know each other after a while. This is a cool place.