A rare transcript of a conversation with Sol Palha and traders from different corners of the world. Held on the 10th of Jan 2004.
jay80888 (9:38:07 AM): Good morning everyone. testing.
jay80888 (9:38:22 AM): works great
judyinvestor (9:38:30 AM): Jay?
jay80888 (9:38:39 AM): yes?
judyinvestor (9:38:41 AM): you are bright yellow on my screen.
judyinvestor (9:38:45 AM): yellow
judyinvestor (9:38:51 AM): anyone else have that?
(9:38:57 AM) shauntyndaleb has entered the room.
benkeytrade (9:39:00 AM): no
judyinvestor (9:39:03 AM): OK
judyinvestor (9:39:10 AM): I can’t even read it.
jay80888 (9:39:10 AM): I think it has to do with your own setting.
shauntyndaleb (9:39:15 AM): hi Sol and thx
shauntyndaleb (9:39:18 AM): hi all
judyinvestor (9:39:19 AM): how do I change it?
Allies1111 (9:39:27 AM): Hi shaun
shauntyndaleb (9:39:28 AM): nice to see u all
douseethelight (9:39:37 AM): yes nice to see everyone
douseethelight (9:39:46 AM): but the weather is not so great
judyinvestor (9:39:53 AM): Brrr.
judyinvestor (9:40:00 AM): How can you stand it?
shauntyndaleb (9:40:14 AM): Yes, sorry to hear that – coldest on record?
douseethelight (9:40:15 AM): great difficulty
douseethelight (9:40:26 AM): won’t be here for much longer
shauntyndaleb (9:40:39 AM): Costa del Sol is not so bad. About 80F
douseethelight (9:40:44 AM): very nice
shauntyndaleb (9:40:59 AM): Florida will be similar
douseethelight (9:41:03 AM): yes
benkeytrade (9:41:17 AM): It has been about -40c for the 2 weeks in my area
RMarchetta (9:41:32 AM): Thickens the blood
shauntyndaleb (9:41:42 AM): Friends so we’re mad to consider Canada
douseethelight (9:41:47 AM): very
douseethelight (9:41:53 AM): unless u like cold weather
douseethelight (9:41:58 AM): but Canadians are nice people
douseethelight (9:42:04 AM): so it makes up for the weather
shauntyndaleb (9:42:12 AM): Yes, very civilized society
benkeytrade (9:42:14 AM): you got that right
shauntyndaleb (9:42:47 AM): Spaniards are nice too, without the rattlesnakes and grizzlies
judyinvestor (9:44:22 AM): I hear that near Toronto it doesn’t get very cold.
Allies1111 (9:44:44 AM): http://www.financialsense.com/fsu/editorials/ti/2004/0116.html
shauntyndaleb (9:44:54 AM): Calgary was -25 last week
Allies1111 (9:44:57 AM): Sol said to read this
benkeytrade (9:44:59 AM): it still does just less snow
judyinvestor (9:45:03 AM): OK, thanks.
judyinvestor (9:45:09 AM): Is that one of your articles?
Allies1111 (9:45:11 AM): now so that everyone is familiar
Allies1111 (9:45:31 AM): apparently
judyinvestor (9:45:39 AM): Great, Alan!
Allies1111 (9:45:54 AM): sol added my latest piece to his latest piece
judyinvestor (9:46:50 AM): very good.
judyinvestor (9:47:45 AM): come on, ABP, break that resistance.
judyinvestor (9:47:49 AM): Go go go.
douseethelight (9:48:38 AM): okay i will be back in 15 minutes
douseethelight (9:48:44 AM): in case you all are not aware
douseethelight (9:48:49 AM): i am sol behind this name
douseethelight (9:48:53 AM): just going to make some coffee
douseethelight (9:48:55 AM): and be back
judyinvestor (9:49:00 AM): good morning Sol.
jay80888 (9:49:15 AM): Great article. Are gold shares going to crash further?? How low can they go?
judyinvestor (9:49:46 AM): anyone think they know?
Allies1111 (9:49:58 AM): gold typically does a 50% retracement
judyinvestor (9:50:12 AM): interesting.
jay80888 (9:50:31 AM): mining shares like 80%?
Allies1111 (9:50:42 AM): no
Allies1111 (9:50:48 AM): 50 is tops
judyinvestor (9:51:04 AM): I am aiming for the 200 day ema on the stocks I get into.]
jay80888 (9:51:31 AM): is there a possibility that gold bull market is over for now?
benkeytrade (9:51:48 AM): so should we get out of gold stocks completely and wait for XAU to get around the 200 dma
judyinvestor (9:52:37 AM): I don’t think that right now you should dump a bunch of gold shares.
judyinvestor (9:52:44 AM): Do you, Alan.
Allies1111 (9:52:45 AM): Sinclair say sell a third into strength
jay80888 (9:52:51 AM): do you have any downside target on HUI or NEM?
judyinvestor (9:52:54 AM): this is not strength.
Allies1111 (9:52:58 AM): strength is over
Allies1111 (9:53:21 AM): so if u’r in
Allies1111 (9:53:30 AM): hold on tight
jay80888 (9:53:53 AM): would you short mining shares on bounce from panic situation yesterday?
judyinvestor (9:54:45 AM): A little late for a short in my opinion. Have to watch the dollar.
(9:55:53 AM) RMBluemel1 has entered the room.
jay80888 (9:56:07 AM): I agree. long term gold investors are buying in a little below these levels.
judyinvestor (9:56:45 AM): Welcome RM
douseethelight (9:56:53 AM): I think we can start so lets work out some structure here
douseethelight (9:57:00 AM): if the questions start coming to fast
douseethelight (9:57:03 AM): alan will moderate
RMBluemel1 (9:57:11 AM): Thanks Judy
douseethelight (9:57:26 AM): in other words you will have to direct questions to alan
RMarchetta (9:57:26 AM): Just finished reading…very interesting, good job. Hi, all.
douseethelight (9:57:31 AM): and he can then redirect them
douseethelight (9:57:36 AM): morning everyone
douseethelight (9:58:05 AM): okay well first of all i hope no one is shorting the market unless it is for very short term gains
douseethelight (9:58:15 AM): and with very tight stops, if you go past this
douseethelight (9:58:27 AM): its not that you might lose you will lose
douseethelight (9:58:49 AM): so off to questions fire away
douseethelight (9:58:52 AM): who wants to go first
jay80888 (9:58:59 AM): Thanks for this discussion meeting, Sol
douseethelight (9:59:12 AM): u r more than welcome
benkeytrade (9:59:42 AM): do you think small caps is the way to go for 2004
douseethelight (9:59:58 AM): when u r in a bull market
jay80888 (10:00:00 AM): Is this gold correction sharp and short or long and steady decline?
RMarchetta (10:00:03 AM): Seems gold and shares of gold are on everyone’s mind.
arvilgar (10:00:05 AM): do you have any downside target on the Dow by your cycle analysis
douseethelight (10:00:10 AM): especially this type of bull mkt small caps are the way to go
douseethelight (10:00:18 AM): we have a selective bull market
Allies1111 (10:00:23 AM): Sol, how quickly will the dow run after the correction
douseethelight (10:00:27 AM): its not your regular type, its a traders bull market
douseethelight (10:00:39 AM): so as they masses start to pile in they will jump into
douseethelight (10:00:41 AM): small caps
douseethelight (10:00:49 AM): because they seem to look affordable
jay80888 (10:00:54 AM): another 1000 points up in Dow and is it all over???
(10:01:05 AM) mvingion has entered the room.
douseethelight (10:01:10 AM): okay lets hold while i catch up
douseethelight (10:01:13 AM): with the questions
douseethelight (10:01:27 AM): the gold correction
judyinvestor (10:01:27 AM): There are a couple of leveraged small cap index funds in Rydex and Profunds groups if anyone is interested.
douseethelight (10:01:33 AM): could end up being very very severe
douseethelight (10:01:38 AM): i am not ready to make that call yet
douseethelight (10:01:47 AM): however i would not be buying gold stocks now
douseethelight (10:01:50 AM): and have not been buying them
douseethelight (10:02:04 AM): the dollar appears ready to rally if this rally is strong
douseethelight (10:02:21 AM): gold is going to get hit hard, which will provide another mouth watering opportunity to load up
douseethelight (10:02:32 AM): it is interesting to note the gold stocks predicted the decline in bullion
douseethelight (10:02:39 AM): they started to correct 2 weeks in advance
douseethelight (10:02:44 AM): so they will lead the way up
douseethelight (10:02:55 AM): watch for a bottoming sign in gold stocks
douseethelight (10:03:18 AM): next question
benkeytrade (10:03:20 AM): do you mean we should hold gold stocks
douseethelight (10:03:24 AM): is more like a statement
douseethelight (10:03:31 AM): actually everyone should have two portfolios
douseethelight (10:03:38 AM): one trading one hold till the trend is over
jay80888 (10:03:39 AM): would you short gold stock on a bounce from the panic situ yesterday?
douseethelight (10:03:51 AM): the hold till the trend is over portfolio
douseethelight (10:03:58 AM): you should not even bother looking at
douseethelight (10:03:59 AM): all
douseethelight (10:04:06 AM): but if you must look at it once a month
douseethelight (10:04:10 AM): or once every 3 months
douseethelight (10:04:18 AM): the trading portfolio
douseethelight (10:04:27 AM): you should more or less sell your gold stocks in this portfolio
douseethelight (10:04:36 AM): gold stocks being one everyone minds
douseethelight (10:04:39 AM): well that is true
douseethelight (10:04:44 AM): i use mass psychology at lot
douseethelight (10:04:55 AM): it is interesting to note that Yahoo has started to advertise
douseethelight (10:05:00 AM): gold mining companies
douseethelight (10:05:05 AM): i view that as a huge negative
judyinvestor (10:05:08 AM): Yeah.
douseethelight (10:05:10 AM): they are getting to cocky
(10:05:18 AM) alll2go has entered the room.
douseethelight (10:05:18 AM): so they will be hammered soon
douseethelight (10:05:27 AM): for the next question
douseethelight (10:05:30 AM): 1000 point rally or not
douseethelight (10:05:45 AM): it is hard to pin point exactly where we will heard
douseethelight (10:05:47 AM): head i mean
douseethelight (10:05:56 AM): but we have already hit my first two targets very fast
douseethelight (10:06:01 AM): the next one is 11,400
douseethelight (10:06:08 AM): and the extreme one is 11,700
douseethelight (10:06:12 AM): could we get there yes
douseethelight (10:06:19 AM): if the masses get into a frenzy stage
douseethelight (10:06:25 AM): they could take it there very fast
douseethelight (10:06:41 AM): Alan your question
douseethelight (10:06:50 AM): after we correct how fast do we go up
douseethelight (10:06:58 AM): well on hourly cycles we already corrected
douseethelight (10:07:05 AM): when we hit 10,400 and something
douseethelight (10:07:09 AM): and they issued a buy
douseethelight (10:07:12 AM): two days ago
douseethelight (10:07:23 AM): the next target roughly is 10,650
douseethelight (10:07:31 AM): -10,700 plus or minus
douseethelight (10:07:38 AM): 50 points i am looking at this very fast
douseethelight (10:08:03 AM): shorting gold stocks
douseethelight (10:08:06 AM): very very bad idea
douseethelight (10:08:11 AM): unless you are able to monitor
douseethelight (10:08:16 AM): the market
douseethelight (10:08:26 AM): and a very familiar with TA
douseethelight (10:08:34 AM): and are able to control the greed impulse
douseethelight (10:08:39 AM): to chase more profits
douseethelight (10:08:43 AM): if you plan on shorting
douseethelight (10:08:52 AM): decide how much you are looking to extract from the short now
douseethelight (10:09:01 AM): and close it as soon as you hit that target
douseethelight (10:09:05 AM): if you change that target
douseethelight (10:09:11 AM): as the trade develops
douseethelight (10:09:13 AM): you will lose
douseethelight (10:09:22 AM): most people do not have the discipline to close shorts
douseethelight (10:09:28 AM): at the suggested targets
douseethelight (10:09:36 AM): and hence end up getting killed and have to cover at a loss
douseethelight (10:09:48 AM): so best play is take it easy and don’t short
douseethelight (10:09:56 AM): the market is in a bullish phase
douseethelight (10:10:06 AM): when in a bullish phase you use pull back to go long
douseethelight (10:10:19 AM): shorting is not the way to go
douseethelight (10:10:22 AM): when the phase changes
douseethelight (10:10:29 AM): then we will use run ups to look for shorts
douseethelight (10:10:43 AM): until then if you like having a stable blood pressure
douseethelight (10:10:47 AM): and hair on your head
douseethelight (10:10:50 AM): stay away from shorting
douseethelight (10:11:13 AM): okay i think i answered all the posted question
douseethelight (10:11:14 AM): s
douseethelight (10:11:18 AM): so we can take another 3-4
Allies1111 (10:11:24 AM): will the volitity get worse
douseethelight (10:11:27 AM): someone keep note of the questions
jay80888 (10:11:28 AM): Is there a potential for 1987 type mania for stocks? Any opportunity ot short stocks when we get to 11700? Are we heading for a grand cycle type bear market to 4000?
douseethelight (10:11:30 AM): just in case i forget
douseethelight (10:11:48 AM): the volatility as we rise up and more people jump in
douseethelight (10:11:51 AM): yes it will get worse
douseethelight (10:11:59 AM): we will get what appears to be strong fast corrections
douseethelight (10:12:03 AM): convincing the bears
douseethelight (10:12:06 AM): that its time to load up
douseethelight (10:12:14 AM): and they will be rewarded with severe pain
douseethelight (10:12:30 AM): when you see the bears finally give up and throw their hands and heads up in frustration
douseethelight (10:12:38 AM): will be the time for us to slowly build short positions
douseethelight (10:12:51 AM): when i go short i am looking to make 500-1000%
douseethelight (10:12:55 AM): on certain options trades
douseethelight (10:13:07 AM): until that time frame i don’t want to waste my time
RMarchetta (10:13:20 AM): Question: The HUI is almost 3 points lower than it was on 11/17/03. Dollar is nearly 4.5 lower, and gold has only added $17 since then. Couldn’t a case be made that we’re in a trading range now or consolidation?
douseethelight (10:13:21 AM): or energy chasing 10-20% gains and having 60% more stress
douseethelight (10:13:58 AM): the way we
douseethelight (10:14:08 AM): look at the market is entirely different from most people
douseethelight (10:14:14 AM): i for one do not look
douseethelight (10:14:19 AM): for certain retracement points or
douseethelight (10:14:23 AM): certain key levels to be hit
douseethelight (10:14:26 AM): before i buy
douseethelight (10:14:34 AM): what i do first is look for patterns
douseethelight (10:14:40 AM): and cycles
douseethelight (10:14:51 AM): then we wait for our indicators to all line up
douseethelight (10:14:55 AM): so let me give you an example
douseethelight (10:14:58 AM): gold could move from
douseethelight (10:15:05 AM): say a high of almost 430
douseethelight (10:15:08 AM): to 390
douseethelight (10:15:13 AM): which is really nothing
douseethelight (10:15:20 AM): but if the indicators issue a buy
douseethelight (10:15:22 AM): then i will buy
douseethelight (10:15:30 AM): i don’t care whether the move is small or large
douseethelight (10:15:37 AM): that is not how we use our indicators
douseethelight (10:15:41 AM): after the indicators issue a buy
douseethelight (10:15:48 AM): i visually look at each stock
douseethelight (10:15:50 AM): or index
douseethelight (10:16:01 AM): via esoteric cycles and esoteric pattern
douseethelight (10:16:03 AM): s
douseethelight (10:16:11 AM): to determine if they are ready to take a position in
douseethelight (10:16:13 AM): and that’s it
douseethelight (10:16:21 AM): we never really care about fundamentals
douseethelight (10:16:32 AM): and we do not obsess about key price zones
douseethelight (10:16:41 AM): if a stock is going to move up it will break any price zone
douseethelight (10:16:52 AM): and if it is going to move down it will crash through all support
douseethelight (10:16:56 AM): at some point in time
douseethelight (10:17:22 AM): we do not like to wait for the so called support lines to be broken or resistance lines to be taken out before we take or exit a position
douseethelight (10:17:32 AM): what we are looking at is the beginning phase of a huge move up
douseethelight (10:17:41 AM): or a huge move down and then we lock and load as they say
douseethelight (10:17:50 AM): and wait for the indicators to start boiling
douseethelight (10:17:58 AM): in the oversold or overbought zones
douseethelight (10:18:08 AM): in reality our philosophy is very simple
douseethelight (10:18:15 AM): buy very cheap and sell very high
douseethelight (10:18:20 AM): sell very high and close very low
douseethelight (10:19:02 AM): next question
douseethelight (10:19:09 AM): those that are silent please
douseethelight (10:19:14 AM): if you have a question fire away
jay80888 (10:19:23 AM): recently interest rate has been dropping. ny significance?
jay80888 (10:19:38 AM): shocked some bears
Allies1111 (10:20:36 AM): with gold the leverage is high in relation to stocks, do u think the masses can handle the volatility or will they get plucked again and again
jay80888 (10:20:51 AM): great explanations of your approach, by the way, Sol
douseethelight (10:21:17 AM): if u look at one of our older market updates
douseethelight (10:21:26 AM): i predicted that interest rates would start to drop
douseethelight (10:21:33 AM): in fact i suggest a trade
douseethelight (10:21:38 AM): under the high risk section
douseethelight (10:21:43 AM): for people to go long bonds
douseethelight (10:21:50 AM): just as we suggested to go long natural gas
douseethelight (10:21:53 AM): under 4.80
douseethelight (10:21:58 AM): that trade made thousands
douseethelight (10:22:04 AM): as natural gas went as high as 7
douseethelight (10:22:14 AM): bonds is a short term play so eventually
douseethelight (10:22:31 AM): we will start to slowly see higher rates
douseethelight (10:22:44 AM): as for the masses holding their gold stocks
judyinvestor (10:22:48 AM): You predicted a counter-trend dollar rally too.
douseethelight (10:22:50 AM): i for one hope they panic
douseethelight (10:22:54 AM): and dump everything
douseethelight (10:23:03 AM): at which point i will be only to happy to buy as much as i can
douseethelight (10:23:19 AM): i would not look at my ultra long term portfolio
douseethelight (10:23:22 AM): at all
douseethelight (10:23:29 AM): looking at the way gold has taken off
douseethelight (10:23:32 AM): cycles suggest
douseethelight (10:23:43 AM): but remember gold is highly controlled so anything can happen
douseethelight (10:23:52 AM): but they suggest the possibility of an extreme
douseethelight (10:23:58 AM): correction is significant
douseethelight (10:24:07 AM): simply because the gold bugs have become to cocky
douseethelight (10:24:13 AM): and they are all holding hands
douseethelight (10:24:19 AM): thinking they are doing something special
douseethelight (10:24:29 AM): its at this time the slaughter process
douseethelight (10:24:31 AM): begins
douseethelight (10:24:35 AM): and it can get very messy
douseethelight (10:24:43 AM): as the gold bugs are really put into place
douseethelight (10:25:00 AM): and understand that no investment in the world is worth putting your whole portfolio into
douseethelight (10:25:31 AM): misery loves company and stupidity simply demands it
douseethelight (10:25:49 AM): so we will have a lot of stupid gold bugs watching their profits vaporize in front of their eyes
douseethelight (10:26:00 AM): and the weak ones will sell right at the bottom
douseethelight (10:26:10 AM): and that is when we will be only to happen to step up and take it all
douseethelight (10:26:17 AM): until they we wont be buying any gold
jay80888 (10:26:17 AM): I tend to think Elliott waves are crap. But did we have 5 waves up from 2001 bottom and ready for painful a-b-c correction in mining shares?
douseethelight (10:26:29 AM): till i see the gold bugs crying i wont step in to buy more
judyinvestor (10:26:42 AM): For the Market Update people, if one of your small caps goes down, would you advise buying more and building a larger positions?
douseethelight (10:26:46 AM): i really no nothing about waves
douseethelight (10:26:52 AM): accept the hand wave
douseethelight (10:26:56 AM): when you wave good bye
douseethelight (10:27:03 AM): i do not believe in the wave principle
douseethelight (10:27:10 AM): it is a fully mechanical system
douseethelight (10:27:13 AM): and therefore it must fail
Allies1111 (10:27:54 AM): a tsunami is not detectable at sea
jay80888 (10:27:55 AM): Love your answers!
RMBluemel1 (10:28:17 AM): you have already answered my question concerning the so-called Grand Super Cycle
douseethelight (10:29:05 AM): Judy i have always stated
douseethelight (10:29:14 AM): one should never over invest in any one stock
judyinvestor (10:29:25 AM): I know that.
douseethelight (10:29:37 AM): if you happen to have more money sure
douseethelight (10:29:42 AM): put some of it in that stock
douseethelight (10:29:46 AM): but do not put 10k in one stock
douseethelight (10:29:48 AM): and 1k in another
douseethelight (10:29:51 AM): you will
douseethelight (10:29:52 AM): lose
douseethelight (10:30:03 AM): common sense and discipline is all that is really
douseethelight (10:30:07 AM): required to win
judyinvestor (10:30:08 AM): I have them evenly divided, the small cap portfolio.
douseethelight (10:30:13 AM): if its to good to be true
douseethelight (10:30:15 AM): then run like hell
douseethelight (10:30:21 AM): and get a drink
douseethelight (10:30:24 AM): and think about i
judyinvestor (10:30:28 AM): But to build a larger position on a pullback I could buy more shares.
judyinvestor (10:30:47 AM): Less than the first buy.
douseethelight (10:31:11 AM): u want me to endorse
douseethelight (10:31:15 AM): your view of trading
douseethelight (10:31:23 AM): as they say
douseethelight (10:31:24 AM): do it
judyinvestor (10:31:24 AM): It’s not trading.
douseethelight (10:31:26 AM): pay for it
douseethelight (10:31:28 AM): and then learn from it
douseethelight (10:31:49 AM): the answer is simple
benkeytrade (10:31:50 AM): what is your favorite real time charting software?
douseethelight (10:32:00 AM): at no point in time should you put more in one stock than another
douseethelight (10:32:13 AM): I don’t use real time charting anymore
douseethelight (10:32:18 AM): threw it out long time ago
douseethelight (10:32:25 AM): its very good to give you a headache
douseethelight (10:32:32 AM): other than its value is very limited
douseethelight (10:32:46 AM): most of analysis is based on end of day and hourly data
Allies1111 (10:33:59 AM): with the relationships you chart, can you see a long term pattern emerging
douseethelight (10:34:11 AM): in regards to what
judyinvestor (10:35:12 AM): Don’t mean to disagree, but you advised me once that the way to Get Rich is to build a position in a stock.
Allies1111 (10:35:14 AM): dollar gold bonds
douseethelight (10:36:01 AM): dollar long term
douseethelight (10:36:02 AM): dead
jay80888 (10:36:08 AM): India vs. China. India has the Caste system tradition – with the ELITIST mentality. In China, communism has made the country quite democratic. Is there possibility that China is more socially advanced and more ready to be rich?
douseethelight (10:36:09 AM): bonds long term big trouble
douseethelight (10:36:17 AM): gold long term going to the sun
jay80888 (10:36:22 AM): earlier than India
mvingion (10:36:26 AM): from my experience, I’ve made more adding after position showed profit rather
mvingion (10:36:33 AM): than other way around
douseethelight (10:36:49 AM): yes smart way
douseethelight (10:36:51 AM): average up
douseethelight (10:36:58 AM): look at the word carefully
douseethelight (10:37:03 AM): every body is ready to lose
douseethelight (10:37:07 AM): so they look to average down
douseethelight (10:37:13 AM): no one looks forward to averaging up
douseethelight (10:37:17 AM): as for India
douseethelight (10:37:20 AM): its a wild card play
douseethelight (10:37:25 AM): meaning its all or nothing
douseethelight (10:37:32 AM): India is a very corrupt place
judyinvestor (10:37:35 AM): That’s what I meant Jay.
douseethelight (10:37:41 AM): and that is what could blow them into hell
jay80888 (10:37:49 AM): big average down guy right here. Thanks for great advise, as usual, Sol!!! Love it.
douseethelight (10:37:53 AM): as for china its running huge terrible loans
douseethelight (10:37:59 AM): so they could crash
douseethelight (10:38:06 AM): in the short term
douseethelight (10:38:15 AM): which would be a good opportunity to buy in
douseethelight (10:38:24 AM): greater plays are in places that no one
douseethelight (10:38:29 AM): was looking
douseethelight (10:38:33 AM): for example south Africa
douseethelight (10:38:36 AM): Botswana
judyinvestor (10:38:39 AM): And another thing, CNBC lately talking up China and Chinese stocks big time because the China index was up 100% last year!!!
douseethelight (10:38:42 AM): another country in Africa
douseethelight (10:38:52 AM): countries in eastern Europe
douseethelight (10:38:53 AM): e
douseethelight (10:38:59 AM): when Argentina crashed
douseethelight (10:39:06 AM): i suggested people go in and buy property there
douseethelight (10:39:16 AM): already those properties are up significantly
douseethelight (10:39:22 AM): you don’t want to be where the hive is
douseethelight (10:39:32 AM): if you read about it in the main stream news
douseethelight (10:39:35 AM): the opportunity is over
judyinvestor (10:39:50 AM): Or hear about it on CNBC.
jay80888 (10:40:16 AM): China expansion bubble ready to burst?
douseethelight (10:40:25 AM): that’s the ultimate topping indicator CNBC
douseethelight (10:40:37 AM): in their entire existence they have
douseethelight (10:40:41 AM): an unbelievable record
douseethelight (10:40:45 AM): and being nothing but wrong
mvingion (10:41:05 AM): the bullishness on China is due to speculation on reminibi revaluation
jay80888 (10:41:14 AM): Man, I should apply for a job in CNBC!
douseethelight (10:41:15 AM): they wont revalue
douseethelight (10:41:19 AM): its a dream
mvingion (10:41:27 AM): the Chinese basically toying with us
douseethelight (10:41:29 AM): china is telling America what to do now
douseethelight (10:41:32 AM): not the other way round
judyinvestor (10:41:35 AM): If they did, I believe their stocks would drop.
mvingion (10:41:40 AM): we show are hand to much
douseethelight (10:41:43 AM): they could technically drop a financial bomb in
douseethelight (10:41:46 AM): Australia
douseethelight (10:41:54 AM): to illustrate their power
douseethelight (10:41:55 AM): to the US
douseethelight (10:42:01 AM): they have enough aussie paper
jay80888 (10:42:07 AM): wow!
douseethelight (10:42:08 AM): to destroy the system if they unload it
douseethelight (10:42:17 AM): so china is not going to negotiate
douseethelight (10:42:32 AM): they will only re value their currency
jay80888 (10:42:32 AM): Taiwan is toast?
douseethelight (10:42:40 AM): when they think its in their interest
douseethelight (10:42:43 AM): the rest is just noise
Allies1111 (10:43:04 AM): the white man is living in a fool’s paradise
mvingion (10:43:12 AM): lol
douseethelight (10:43:14 AM): yes good points David
mvingion (10:43:21 AM): thxs
Allies1111 (10:43:21 AM): because it worked for 2 hundred years
douseethelight (10:43:23 AM): actually its not so much as the white man
douseethelight (10:43:27 AM): as the ignorant man
douseethelight (10:43:34 AM): right now, white, black yellow
Allies1111 (10:43:36 AM): does not mean it will continue
douseethelight (10:43:41 AM): and all other shades
douseethelight (10:43:49 AM): are living in a dream world
douseethelight (10:44:15 AM): mega changes are in the works right now as we speak
douseethelight (10:44:27 AM): and there is nothing that can stop them
douseethelight (10:44:31 AM): slow them down maybe
douseethelight (10:44:34 AM): but stop them impossible
Allies1111 (10:44:48 AM): are you saying that the structures we live under are unsustainable
RMBluemel1 (10:45:01 AM): so gold and silver are the only hope?
douseethelight (10:45:04 AM): i don’t like dealing
douseethelight (10:45:14 AM): in gloom and doom predictions
douseethelight (10:45:22 AM): those are best left to the witch doctors
Allies1111 (10:45:27 AM): haha
douseethelight (10:45:27 AM): or wall street analysts
douseethelight (10:45:33 AM): what I am saying is this
douseethelight (10:45:37 AM): technically
douseethelight (10:45:42 AM): if I wanted to
douseethelight (10:45:45 AM): but I wont do it
douseethelight (10:45:50 AM): because I have nothing to prove
douseethelight (10:45:57 AM): one could not invest one dollar in gold
douseethelight (10:46:00 AM): and still beat
douseethelight (10:46:08 AM): anyone who invested in gold as it went all the way
douseethelight (10:46:08 AM): up
douseethelight (10:46:16 AM): so its not about making money
douseethelight (10:46:24 AM): so much as how much do u have to suffer to make it
douseethelight (10:46:37 AM): i don’t want to increase my stress levels to make a few extra points
douseethelight (10:46:43 AM): its not worth it
douseethelight (10:46:51 AM): i want to actually be able to spend time reading
douseethelight (10:46:54 AM): traveling
douseethelight (10:47:02 AM): enjoying various types of foods
douseethelight (10:47:08 AM): so just making money and putting it in the bank
douseethelight (10:47:13 AM): is a fools dream
jay80888 (10:47:21 AM): why do people like me ready to suffer so much to make money? is that a sickness?
mvingion (10:47:24 AM): that’s too simple for most people
douseethelight (10:47:25 AM): it becomes a vicious cycle and before you know it you are over and dead
douseethelight (10:47:57 AM): its called programming
jay80888 (10:48:00 AM): is it possible to find pleasure in trading?
Allies1111 (10:48:25 AM): the pleasure is in winning
Allies1111 (10:48:36 AM): most people don’t
douseethelight (10:48:38 AM): programming to lose
jay80888 (10:48:39 AM): that explains it! LOL
douseethelight (10:48:42 AM): school
douseethelight (10:48:45 AM): your friends
douseethelight (10:48:47 AM): work
douseethelight (10:49:04 AM): they all are agents of mental destruction
douseethelight (10:49:19 AM): not all your friends but most of them
douseethelight (10:49:29 AM): what you have to do is evaluate what you want in life
douseethelight (10:49:32 AM): why do u trade
douseethelight (10:49:35 AM): what are your reasons
douseethelight (10:49:44 AM): what do u intend to do with the money
douseethelight (10:49:47 AM): once you get it
douseethelight (10:49:49 AM): don’t wish for it
douseethelight (10:49:52 AM): plan for it now
jay80888 (10:49:53 AM): to become rich is a bad reason for trading?
douseethelight (10:49:58 AM): if you don’t plan for it means you know
alll2go (10:50:03 AM): a certain amount of money is required to do the things you suggest Sol
douseethelight (10:50:05 AM): that you have no hope in hell of getting it
douseethelight (10:50:08 AM): yes
douseethelight (10:50:18 AM): that’s why you trade slowly but surely
RMBluemel1 (10:50:26 AM): so how do I change this programming
douseethelight (10:50:27 AM): do not go for the long shots
jay80888 (10:50:30 AM): wow! Sol, you are scaring me.
douseethelight (10:50:33 AM): we all want
douseethelight (10:50:39 AM): to get this one big winner
douseethelight (10:50:46 AM): and yet we will take a 1000 small losers
douseethelight (10:50:49 AM): which actually
douseethelight (10:51:01 AM): add up to 10 big mega winners
douseethelight (10:51:09 AM): so we will actually get one winner but it will amount to nothing
douseethelight (10:51:13 AM): how do u change it
douseethelight (10:51:22 AM): its a step by step procedure
douseethelight (10:51:26 AM): just like we learnt to walk
douseethelight (10:51:29 AM): we can re learn to think
douseethelight (10:51:32 AM): one step at a time
douseethelight (10:51:42 AM): first thing is to assess your priorities
douseethelight (10:51:45 AM): what are your goals
douseethelight (10:51:47 AM): if you have none
douseethelight (10:51:51 AM): u r in big trouble
douseethelight (10:51:56 AM): make sure you have some
douseethelight (10:52:05 AM): take time to dream a little but do not get tied up in
douseethelight (10:52:06 AM): it
douseethelight (10:52:13 AM): when you think you have no time to relax
douseethelight (10:52:19 AM): that is precisely when you should get on a plan
douseethelight (10:52:20 AM): e
douseethelight (10:52:26 AM): and fly down to a quiet spot
douseethelight (10:52:33 AM): and do nothing but think
Allies1111 (10:52:39 AM): when I was farming
douseethelight (10:52:40 AM): we all have time but we have decided that making money
douseethelight (10:52:44 AM): is the most important thing
Allies1111 (10:52:45 AM): I knew that when
Allies1111 (10:52:54 AM): I started to hurt myself
Allies1111 (10:53:04 AM): it was time to rest
alll2go (10:53:20 AM): I just want to make a living, have freedom and enjoy my kids. I lose as much as I make so far…that’s why I joined…to improve our life and income
douseethelight (10:53:43 AM): you will notice that i spend a lot of time
douseethelight (10:53:48 AM): talking about investing as a way of life
Allies1111 (10:53:49 AM): and improve the thought processes?
douseethelight (10:53:59 AM): we are doing things at the tactical investor that on the surface
douseethelight (10:54:04 AM): appear to have nothing to do with investing
douseethelight (10:54:07 AM): but in reality
douseethelight (10:54:13 AM): if you do not invest in yourself
douseethelight (10:54:18 AM): you are destined to lose
douseethelight (10:54:25 AM): doomed to lose is a better way of putting it
douseethelight (10:54:30 AM): that is why 90% lose
douseethelight (10:54:41 AM): because they have not taken the time to invest in themselves
douseethelight (10:54:44 AM): i put this question to you
jay80888 (10:54:48 AM): Sol, my greatest regret is not finding you earlier. I truly appreciate your insights. I think they are invaluable.
douseethelight (10:54:52 AM): finally you make the million dollars you wanted
douseethelight (10:55:00 AM): you are rich beyond
douseethelight (10:55:07 AM): beyond your wildest dreams
douseethelight (10:55:11 AM): you have everything money can buy
douseethelight (10:55:18 AM): the next week the doctor tells you
douseethelight (10:55:27 AM): you have cancer you only have 3 weeks left
douseethelight (10:55:37 AM): the reason you have cancer is because you failed to take care of yourself
douseethelight (10:55:48 AM): you failed to invest in the one thing that really mattered the most
douseethelight (10:55:50 AM): yourself
douseethelight (10:55:57 AM): you did everything the wrong way
douseethelight (10:56:01 AM): now is it worth
douseethelight (10:56:02 AM): it
douseethelight (10:56:05 AM): can you say you won
douseethelight (10:56:09 AM): no you lost miserably
douseethelight (10:56:19 AM): you finally have what you want but you cannot live to enjoy it
douseethelight (10:56:30 AM): there fore make sure you understand the word desperate
douseethelight (10:56:50 AM): least your are forced into situation where it has to seared into your forehead
douseethelight (10:57:03 AM): we are not hear just to make money but to do the most we can and the best we can
douseethelight (10:57:08 AM): with the little we have
douseethelight (10:57:12 AM): if you take this thinking
douseethelight (10:57:15 AM): you can but only win
douseethelight (10:57:23 AM): u never fail until you give up
douseethelight (10:57:38 AM): until then every failure is to be viewed as stepping stone to success
douseethelight (10:57:48 AM): i cannot emphasize how important it is that
douseethelight (10:57:56 AM): you spend time learning to understand yourself
douseethelight (10:58:08 AM): getting to care about yourself and treating yourself with respect
douseethelight (10:58:14 AM): the respect that you deserve
douseethelight (10:58:19 AM): for if you cannot respect yourself
douseethelight (10:58:28 AM): no one will or even bother to attempt to do something that
douseethelight (10:58:32 AM): you have completely failed to do
Allies1111 (10:58:43 AM): the definition of experience that i like
Allies1111 (10:58:57 AM): is when you can recognize that
Allies1111 (10:59:14 AM): you have made the same mistake again
benkeytrade (10:59:20 AM): I’ve been at the calmest of my short trading carrier since I got into mkt update…your style and commentary just transformed me in a more relaxed and confident trader…I’m not going for the homerun anymore and enjoy every moment of
douseethelight (10:59:36 AM): thank you but
jay80888 (10:59:40 AM): I love what you said about best things in life being free or little cost. I thought about that as gold shares collapsed. It really helped.
douseethelight (10:59:50 AM): you deserve credit because u decided to implement suggested changes
douseethelight (10:59:55 AM): so its not a one way street
douseethelight (11:00:02 AM): only a fool claims to be a god
douseethelight (11:00:06 AM): and only god makes fools
RMBluemel1 (11:00:34 AM): thanks for your time and insights
douseethelight (11:00:53 AM): since we have more people than i thought i will stick around for another 30 minutes
Allies1111 (11:01:06 AM): cool
douseethelight (11:01:08 AM): as the market updates will not be as lengthy as before
mvingion (11:01:14 AM): appreciate that
douseethelight (11:01:15 AM): i mean i will be doing less
douseethelight (11:01:23 AM): philosophizing
jay80888 (11:01:27 AM): Keep sharing. This is the best hour I spent in a long, long time
douseethelight (11:01:44 AM): its only good because we all made it good
douseethelight (11:01:52 AM): nothing great is ever done or achieved alone
douseethelight (11:02:11 AM): you might succeed in inventing something
douseethelight (11:02:17 AM): but for it to be appreciated it has to be shared
douseethelight (11:02:24 AM): so if you invent the best computer in the world
douseethelight (11:02:26 AM): and hide it
douseethelight (11:02:30 AM): its totally useless
douseethelight (11:02:53 AM): no one will know about it, no one will thank you and you will be in the same place u were
douseethelight (11:02:57 AM): before
douseethelight (11:03:08 AM): to move up is always confused with the concept of money
douseethelight (11:03:18 AM): the day you realize that you know absolutely nothing
douseethelight (11:03:22 AM): that you are nothing
douseethelight (11:03:25 AM): and will always be nothing
douseethelight (11:03:34 AM): but are someone who is trying to be someone and something
douseethelight (11:03:38 AM): is the day everything will work for you
douseethelight (11:03:46 AM): when you stop chasing
douseethelight (11:03:55 AM): and desperately trying to get things they elude you
douseethelight (11:04:38 AM): we will email everyone a transcript
douseethelight (11:04:41 AM): of this conversation
douseethelight (11:04:46 AM): as many of the others
douseethelight (11:04:58 AM): are working and its not fair that just because they have to work they
douseethelight (11:05:02 AM): should not get the info
douseethelight (11:05:52 AM): Alan can speak a bit about trading
alll2go (11:05:53 AM): a lonely heart wandering free, a hungering aching thing to be, a groveling shadow an anguished soul, is that the ultimate and only goal?
douseethelight (11:06:09 AM): he knew nothing a year ago
douseethelight (11:06:10 AM): no
jay80888 (11:06:15 AM): do fundamental convictions create dangerous prejudice? People may hold on to mining shares while collapsing till pain gets stronger than their funda convictions?
douseethelight (11:06:20 AM): you should never grovel
alll2go (11:06:22 AM): Not if you make some money and leave it to your kids
douseethelight (11:06:25 AM): u should never beg
douseethelight (11:06:29 AM): you should never look down
douseethelight (11:06:39 AM): u should never stop believing in yourself
douseethelight (11:06:51 AM): you should never accept that someone is better than you
douseethelight (11:06:53 AM): if they tell you that
douseethelight (11:07:00 AM): fight till the end to prove them
douseethelight (11:07:08 AM): wrong we only lose when we accept the terms people chose to give us
douseethelight (11:10:01 AM): if they decide to attack me tomorrow
benkeytrade (11:10:02 AM): he who is nobody is somebody!
douseethelight (11:10:10 AM): or say i am no one now, it wont matter
douseethelight (11:10:18 AM): because my perception of myself
douseethelight (11:10:20 AM): never changed
douseethelight (11:10:48 AM): that’s why when people fight so hard to be someone they usually get to be someone for a little while
douseethelight (11:10:52 AM): but then fall down to being no one again
douseethelight (11:10:57 AM): and the fall is hard to take
Allies1111 (11:11:05 AM): the power of positive thinking is truly amazing
douseethelight (11:11:08 AM): i have no where to fall i am on flat stable road
douseethelight (11:11:30 AM): its also the theory of paradoxes
douseethelight (11:11:36 AM): you get that which you do not chase
douseethelight (11:11:38 AM): but seek
douseethelight (11:11:41 AM): seeking the truth
douseethelight (11:11:44 AM): seeking riches
douseethelight (11:11:46 AM): is all fine
douseethelight (11:11:50 AM): because you have a goal
jay80888 (11:11:57 AM): what is the difference? Between seeking and chasing?
douseethelight (11:11:58 AM): chasing is not fine its an act of desperation
douseethelight (11:12:06 AM): seeking means you have a mission
douseethelight (11:12:16 AM): you are willing to take the time to learn and understand
douseethelight (11:12:26 AM): the tools and equipment you
douseethelight (11:12:35 AM): will need for this journey
douseethelight (11:12:43 AM): chasing is simply jumping in your car
douseethelight (11:12:54 AM): and going about trying to get something like a mad man with no plan
douseethelight (11:13:00 AM): and only one thought i need it
douseethelight (11:13:02 AM): and i deserve it
douseethelight (11:13:12 AM): that which is not planned for will never
douseethelight (11:13:13 AM): occur
jay80888 (11:13:44 AM): name it and claim it? LOL
judyinvestor (11:14:17 AM): The ZEN trader.
douseethelight (11:14:41 AM): you should strive to do the things in life
douseethelight (11:14:44 AM): that bring you peace
douseethelight (11:14:53 AM): and not live up to someone else’s
douseethelight (11:14:57 AM): expectations
douseethelight (11:15:03 AM): or what society deems
douseethelight (11:15:08 AM): adequate
douseethelight (11:15:14 AM): so what i am trying to say
douseethelight (11:15:20 AM): is there is nothing wrong one can really do
douseethelight (11:15:24 AM): if one takes time to think about
douseethelight (11:15:25 AM): it
judyinvestor (11:15:42 AM): There is always a way — Louise Hay.
douseethelight (11:15:43 AM): if you decide that dedicating your life to digging graves
douseethelight (11:15:46 AM): is what you want to do
douseethelight (11:15:52 AM): that is perfectly
douseethelight (11:15:54 AM): normal and fine
douseethelight (11:15:58 AM): as long as you are okay with it
douseethelight (11:16:30 AM): Judy abp
jay80888 (11:16:30 AM): Should I continue with trading despite all the pain it brought me? is it worth it?
douseethelight (11:16:33 AM): just took out resistance
douseethelight (11:16:36 AM): as i told you it would
douseethelight (11:16:39 AM): its now at 1.75
douseethelight (11:16:49 AM): what must go up will go up till it stops going up
douseethelight (11:16:50 AM): lol
judyinvestor (11:16:51 AM): I know.
judyinvestor (11:17:02 AM): I am still a silly person who watches a daily chart.
judyinvestor (11:17:15 AM): You used to day trade futures. Why did you stop?
douseethelight (11:18:02 AM): I actually care about my body
douseethelight (11:18:19 AM): and my body did not like futures, stocks
douseethelight (11:18:21 AM): and writing
douseethelight (11:18:24 AM): and trading currencies
douseethelight (11:18:31 AM): so i could trade futures and stocks etc
judyinvestor (11:18:34 AM): too much, I know.
douseethelight (11:18:37 AM): but i would have to stop writing
douseethelight (11:18:40 AM): so i made a choice
douseethelight (11:18:43 AM): take the money
douseethelight (11:18:46 AM): or take some joy
douseethelight (11:18:54 AM): fortunately joy won
judyinvestor (11:19:03 AM): Yes.
douseethelight (11:19:35 AM): otherwise i would have not had time to write a single article
douseethelight (11:19:50 AM): and gold eagle and all the other sites would never know who i was
douseethelight (11:20:03 AM): i sometimes don’t think my coming out of hiding
douseethelight (11:20:06 AM): was such a good idea
douseethelight (11:20:08 AM): but its to late
douseethelight (11:20:14 AM): to cry over spilt milk
douseethelight (11:20:21 AM): so one has to live with it and make the best of it
mvingion (11:20:49 AM): be careful of what you pursue you jus might get it
judyinvestor (11:21:02 AM): I believe you are extremely intelligent and appreciate all of the help you have given me and others.
douseethelight (11:21:07 AM): yes well in my case i did not want it so the paradox
douseethelight (11:21:11 AM): theory kicked in
jay80888 (11:21:14 AM): price of fame? At least you are not as well known – say as Sinclair or that indian astrology guy.
douseethelight (11:21:17 AM): you get that which u do not seek
douseethelight (11:21:27 AM): sorry chase
mvingion (11:21:33 AM): true
douseethelight (11:21:52 AM): ironically
douseethelight (11:21:59 AM): the less i want to be known
douseethelight (11:22:10 AM): the more known i get
douseethelight (11:22:23 AM): oh well such is the bitter sweet pill of life
mvingion (11:22:37 AM): that’s are culture, why shows like celebrities uncensored are so popular
alll2go (11:22:50 AM): sorry to change subject. what’s up with gold all of a sudden? it just spiked while we were talking it touched 405 and bounced
douseethelight (11:23:09 AM): the powers to be are probably mounting an attack
jay80888 (11:23:15 AM): 50 day moving average bounce?
douseethelight (11:23:17 AM): with gold priced in Rands
douseethelight (11:23:25 AM): it is 125 dollars lower than Feb. 2003
douseethelight (11:23:28 AM): Feb. 2003
douseethelight (11:23:36 AM): gold was about 300-330
douseethelight (11:23:42 AM): so add 125
douseethelight (11:23:46 AM): to 300 you get 425
douseethelight (11:23:49 AM): to 455
douseethelight (11:23:57 AM): this is where they will mount an attack as the
douseethelight (11:24:02 AM): advantage they created
jay80888 (11:24:08 AM): computing market averages in rand, etc. is that really meaningful? Isn’t dollar the main story?
douseethelight (11:24:08 AM): loses its value
douseethelight (11:24:23 AM): main because you have been told to think so
douseethelight (11:24:28 AM): nothing is important
douseethelight (11:24:35 AM): if you are going to assign a value
douseethelight (11:24:41 AM): either do it equally
douseethelight (11:24:46 AM): or say that they all are useless
douseethelight (11:24:51 AM): in reality
douseethelight (11:24:57 AM): all currencies are garbage
douseethelight (11:25:10 AM): so we should treat them all with equal disrespect
douseethelight (11:25:36 AM): gold is topping
douseethelight (11:25:44 AM): while dollar is bottoming
douseethelight (11:25:48 AM): depending on how
douseethelight (11:25:56 AM): carried away the big speculators get
douseethelight (11:26:03 AM): this could be a short term fast rally
douseethelight (11:26:09 AM): or a multi quarter rally
douseethelight (11:27:05 AM): for this quarter
douseethelight (11:27:09 AM): the main themes
douseethelight (11:27:15 AM): will be oil service stocks
douseethelight (11:27:18 AM): natural gas stocks
douseethelight (11:27:25 AM): biotechnology
douseethelight (11:27:30 AM): nano technology
douseethelight (11:27:48 AM): independent oil and natural gas exploration
douseethelight (11:27:51 AM): and drilling sectors
benkeytrade (11:27:57 AM): do you see any new nano plays in future
shauntyndaleb (11:27:57 AM): thx Sol and all, v interesting, hv to dash unfortunately – bye
jay80888 (11:28:01 AM): when do you see this bull market topping out? a few more months?
douseethelight (11:28:12 AM): u r welcome Shaun
douseethelight (11:28:13 AM): take care
douseethelight (11:28:27 AM): as far as nano tech goes
douseethelight (11:28:36 AM): yes they will pull back and we will buy more
douseethelight (11:28:44 AM): as of now they have all taken of like rocket
douseethelight (11:28:49 AM): NNPP looks interesting
douseethelight (11:29:08 AM): its a bonus play on the vip service
douseethelight (11:29:17 AM): so its okay to give it out here as it is not one of the main plays
benkeytrade (11:29:36 AM): what do you think of DROOY
douseethelight (11:29:39 AM): one of the few nano tech stocks that is not overbought het
douseethelight (11:29:42 AM): yet i mean
(11:29:45 AM) shauntyndaleb has left the room.
douseethelight (11:29:51 AM): to much noise about drooy
douseethelight (11:29:55 AM): so i stopped thinking about it
douseethelight (11:30:01 AM): when people start putting up charts
douseethelight (11:30:10 AM): and talking about diamond patterns
douseethelight (11:30:15 AM): i don’t want to be in the game
douseethelight (11:30:35 AM): the surprise theme is actually US gold Stocks
RMarchetta (11:30:35 AM): Do you know of a company that offers protection against identity theft?
benkeytrade (11:30:47 AM): agora play
jay80888 (11:30:50 AM): how about big triangle pattern in KGC?
douseethelight (11:30:50 AM): we will be putting
douseethelight (11:30:57 AM): a page up soon
douseethelight (11:31:01 AM): with this kind of info
douseethelight (11:31:06 AM): it will start free
douseethelight (11:31:11 AM): but then have a small fee as we have some
douseethelight (11:31:19 AM): one specifically for that area
douseethelight (11:31:28 AM): we will show you how to communicate online
douseethelight (11:31:32 AM): with encrypted
douseethelight (11:31:37 AM): messengers services
douseethelight (11:31:42 AM): self destructive emails
douseethelight (11:31:51 AM): emails send from anonymous servers
jay80888 (11:32:00 AM): aren’t you being too paranoid?
douseethelight (11:32:13 AM): actually i am not advocating anything
douseethelight (11:32:17 AM): just providing the info
douseethelight (11:32:22 AM): how people chose to use it
douseethelight (11:32:24 AM): is up to them
douseethelight (11:32:36 AM): i don’t deal in paranoia type situations
douseethelight (11:32:41 AM): but if a service is out there
douseethelight (11:32:45 AM): there must be a reason
jay80888 (11:32:45 AM): are you a libertarian?
douseethelight (11:32:48 AM): otherwise
douseethelight (11:32:50 AM): it would not exist
douseethelight (11:33:05 AM): i don’t fall into any one neat category
Allies1111 (11:33:12 AM): the easiest way to find out about a person is hacking into their computer
douseethelight (11:33:15 AM): i only have one principle
douseethelight (11:33:22 AM): people should mind their own business
Allies1111 (11:33:23 AM): electronic spying
douseethelight (11:33:45 AM): yes and its very easy to do these days
Allies1111 (11:33:51 AM): don’t we need some privacy
douseethelight (11:33:58 AM): yes firewalls
douseethelight (11:34:03 AM): anti spy software
jay80888 (11:34:11 AM): that i agree
douseethelight (11:34:18 AM): that prevents spy ware from getting on your computer
douseethelight (11:34:21 AM): anti virus
douseethelight (11:34:23 AM): programs
douseethelight (11:34:33 AM): if you are going to play in this online world
douseethelight (11:34:37 AM): u have to arm yourself
douseethelight (11:34:43 AM): with the right tools
douseethelight (11:34:49 AM): and right now you have no choice
douseethelight (11:34:59 AM): u have to protect yourself because almost everything is online
Allies1111 (11:35:47 AM): I have taken a step backwards
Allies1111 (11:36:03 AM): I now write to a floppy disc
douseethelight (11:36:09 AM): we have an extensive section on our site on TA and there is one site that covers some aspects of mass psychology
douseethelight (11:36:19 AM): yes well do that
douseethelight (11:36:22 AM): or have a firewall
douseethelight (11:36:29 AM): and anti spy ware
douseethelight (11:36:36 AM): we will slowly but surely cover all this
jay80888 (11:37:49 AM): Personal question: I have been a losing trader. What is the best way to transform myself to be a success?
Allies1111 (11:38:04 AM): study hard
jay80888 (11:38:24 AM): Yep, I agree.
douseethelight (11:38:27 AM): https://www.privista.com/pl/privista/index.html
douseethelight (11:38:30 AM): this is a link
douseethelight (11:38:38 AM): to help you protect against identity theft
douseethelight (11:38:42 AM): they offer a service
douseethelight (11:39:08 AM): reasonably priced
judyinvestor (11:39:17 AM): I like the articles by Tactical Tracey. They are humorous and also invormative and she gives some common sense advice. For everyone, not only women.
douseethelight (11:39:18 AM): its one of the links that was going to be put up
douseethelight (11:39:42 AM): study hard
douseethelight (11:39:47 AM): and make sure you
douseethelight (11:39:52 AM): have goals
douseethelight (11:39:59 AM): and don’t just jump
douseethelight (11:40:04 AM): from investment to investment
douseethelight (11:40:11 AM): take time to read almost nothing on
douseethelight (11:40:13 AM): investing
douseethelight (11:40:18 AM): and more time to read on philosophy
douseethelight (11:40:23 AM): we have taken a lot of time
douseethelight (11:40:27 AM): to find the right books
douseethelight (11:40:33 AM): and list them in our book store
douseethelight (11:40:50 AM): you will notice there are very few books
douseethelight (11:40:54 AM): that deal directly with investing
douseethelight (11:40:55 AM): there
mvingion (11:41:10 AM): The Alchemist – Paulo Coelho
mvingion (11:41:47 AM): my favorite
mvingion (11:42:01 AM): nothing to do with investing
douseethelight (11:42:05 AM): very good
alll2go (11:42:07 AM): all his books are good
jay80888 (11:42:07 AM): buying a retirement house on a beach? Is that a good goal?
douseethelight (11:42:13 AM): there are so many good books
douseethelight (11:42:28 AM): goals are for you to decide
douseethelight (11:42:38 AM): no one can tell u whether it is bad or good
douseethelight (11:42:51 AM): in reality there is no good or bad goal
douseethelight (11:42:58 AM): everything is a perception
douseethelight (11:43:02 AM): religion
douseethelight (11:43:04 AM): education
douseethelight (11:43:06 AM): politics
douseethelight (11:43:11 AM): its our perceptions that kill us
douseethelight (11:43:20 AM): so as long as you have a goal
douseethelight (11:43:25 AM): and you are happy with it
douseethelight (11:43:32 AM): don’t worry what others might think
douseethelight (11:43:36 AM): or not think about it
douseethelight (11:43:39 AM): its not important
mvingion (11:43:48 AM): my goal is to understand what freedom really is, then be free
douseethelight (11:44:06 AM): freedom is actually in the mind
douseethelight (11:44:09 AM): free your mind
douseethelight (11:44:22 AM): and you will never be a prisoner again
douseethelight (11:44:32 AM): never accept anything
mvingion (11:44:37 AM): $ has something to do with it i believe, most people are to busy “earning” a living to actually live
douseethelight (11:44:45 AM): very true
douseethelight (11:44:47 AM): money is a tool
alll2go (11:44:48 AM): yeah, once you understand freedom you will be free
douseethelight (11:44:59 AM): to enable you to enjoy freedom
douseethelight (11:45:07 AM): in reality i could actually argue
douseethelight (11:45:11 AM): that the fed is good
douseethelight (11:45:16 AM): for the smart investor
mvingion (11:45:16 AM): ???
douseethelight (11:45:24 AM): i could argue that inflation is excellent
douseethelight (11:45:30 AM): and i could argue that we need this
douseethelight (11:45:32 AM): division
douseethelight (11:45:38 AM): because in the end
douseethelight (11:45:41 AM): its all a market
douseethelight (11:45:48 AM): and in a market someone needs to win
mvingion (11:45:50 AM): the only way I can validate that is the zero sum theory
douseethelight (11:45:51 AM): and someone needs to lose
mvingion (11:46:02 AM): exactly where I was going
jay80888 (11:46:08 AM): I think we need the Fed.. I am still reading that Jekill island book, though.
mvingion (11:46:19 AM): great book
douseethelight (11:46:19 AM): we don’t need the fed
douseethelight (11:46:21 AM): they need us
douseethelight (11:46:25 AM): but that’s another story
douseethelight (11:46:29 AM): that would take a long time to end
douseethelight (11:46:46 AM): however what you want to do is find out what the trouble makers are doing
douseethelight (11:46:50 AM): and then jump on their backs
douseethelight (11:46:54 AM): and ride for free
douseethelight (11:47:09 AM): its a very simple game
jay80888 (11:47:14 AM): don’t fight the Fed, i say
douseethelight (11:47:16 AM): no money was lost in the stock market
douseethelight (11:47:22 AM): it was just moved around
Allies1111 (11:47:26 AM): exactly
douseethelight (11:47:28 AM): they say all that nonsense
douseethelight (11:47:33 AM): to make u think you have to fight someone
douseethelight (11:47:41 AM): then you are to busy looking for an enemy
douseethelight (11:47:43 AM): to think
judyinvestor (11:47:53 AM): I am so glad you did not advise us to load up on Puts this year.
douseethelight (11:47:57 AM): money is never lost
douseethelight (11:48:00 AM): it is just moved
douseethelight (11:48:10 AM): from many pockets
jay80888 (11:48:17 AM): I advised myself! and got killed.
douseethelight (11:48:20 AM): to a few big pockets
douseethelight (11:48:42 AM): well i am still constantly studying mass psychology and that’s why
douseethelight (11:48:45 AM): i like the markets
douseethelight (11:48:54 AM): if the markets were run by computers or rational beings
douseethelight (11:49:03 AM): i think i would lose interest rather fast
douseethelight (11:49:36 AM): you get what you secretly hope for
douseethelight (11:49:46 AM): notice how we never get happy when someone wins
douseethelight (11:49:55 AM): or for that matter when we win we do not get so happy
Allies1111 (11:50:03 AM): I want to get the money
douseethelight (11:50:04 AM): to the point that we start to look for other winners
douseethelight (11:50:10 AM): to share our experience
douseethelight (11:50:13 AM): but the moment we lose
douseethelight (11:50:17 AM): we get so dam happy
douseethelight (11:50:20 AM): if someone else lost to
douseethelight (11:50:25 AM): we sit like junkies
douseethelight (11:50:29 AM): comparing notes
douseethelight (11:50:36 AM): and pushing ourselves into the pits of misery
judyinvestor (11:50:37 AM): My goodness.
judyinvestor (11:51:21 AM): We have a discussion room open every day for those of you who like to commiserate, compare notes, share experiences, or even sit like junkies.
jay80888 (11:51:29 AM): Am I really seeking misery? for companionship?
Allies1111 (11:51:35 AM): real money has time to wait
Allies1111 (11:51:47 AM): many of us don’t have that time
douseethelight (11:51:54 AM): well understanding your problem
douseethelight (11:52:00 AM): is the first step to curing it
mvingion (11:52:10 AM): Not for companionship, its how society programs
douseethelight (11:52:20 AM): as we speak the dollar is roaring
douseethelight (11:52:28 AM): i will share a little secret
douseethelight (11:52:29 AM): here
douseethelight (11:52:44 AM): i am not really interested in becoming as famous as Russell
douseethelight (11:52:54 AM): in fact if it starts to look like that
douseethelight (11:52:57 AM): i will stop
douseethelight (11:53:02 AM): writing and go into obscurity
douseethelight (11:53:06 AM): but i am putting messages
douseethelight (11:53:10 AM): in my writings
douseethelight (11:53:14 AM): they are hidden messages
douseethelight (11:53:17 AM): messages
douseethelight (11:53:21 AM): if you chose to look into them
douseethelight (11:53:27 AM): you will see the big picture
douseethelight (11:53:31 AM): look for the hidden meaning
jay80888 (11:53:33 AM): people love losers and envy winners. Is that the reason?
douseethelight (11:53:35 AM): i am only doing this
Allies1111 (11:53:38 AM): yes
douseethelight (11:53:43 AM): because there are people out there
douseethelight (11:53:46 AM): that truly have talent
douseethelight (11:53:51 AM): but have been taught
douseethelight (11:53:55 AM): to believe they don’t have it
jay80888 (11:53:57 AM): that is too esoteric!
douseethelight (11:54:00 AM): and i am hoping
douseethelight (11:54:06 AM): to reach a few of them to power them up
douseethelight (11:54:15 AM): so they can carry on from where i started
douseethelight (11:54:21 AM): alone we can achieve nothing
douseethelight (11:54:27 AM): but together we can achieve anything
douseethelight (11:54:33 AM): so the only way to get is to give
douseethelight (11:54:42 AM): the only way to learn it to teach
douseethelight (11:54:53 AM): because when you teach you take time to make sure you know
douseethelight (11:54:58 AM): what it is you are talking about
jay80888 (11:55:02 AM): I LOVE your writings, Sol. I WILL read them over and over. I think they are quite profound.
douseethelight (11:55:08 AM): when you sit listening you don’t’ have to think at all
douseethelight (11:55:12 AM): just suck in the info like a sponge
douseethelight (11:55:17 AM): so push yourself
douseethelight (11:55:24 AM): helping others is not simply writing a check
douseethelight (11:55:31 AM): helping someone is taking the time
douseethelight (11:55:38 AM): to find someone and possibly
douseethelight (11:55:46 AM): enlightening them
douseethelight (11:55:52 AM): to understand that they are not alone
douseethelight (11:55:57 AM): that there is someone
douseethelight (11:56:02 AM): out there that cares
benkeytrade (11:56:13 AM): will you keep on teaching us for a while longer? I hope…I’m not ready to be alone
douseethelight (11:56:13 AM): you will be amazed how much a few kinds
douseethelight (11:56:18 AM): words can help
douseethelight (11:56:28 AM): money has only limited use
douseethelight (11:56:37 AM): but kinds words can make the difference of life death
douseethelight (11:56:41 AM): in some cases
Allies1111 (11:56:46 AM): I like your theory of paradoxes
douseethelight (11:56:50 AM): or the difference between failure and success
douseethelight (11:57:00 AM): what i will do is this
douseethelight (11:57:05 AM): i wont abandon those
douseethelight (11:57:09 AM): that are with us
douseethelight (11:57:14 AM): if i decide to move into obscurity
douseethelight (11:57:20 AM): i will let you know of my new site or
douseethelight (11:57:25 AM): my new email or whatever i chose
douseethelight (11:57:33 AM): but i will no longer advertise
douseethelight (11:57:34 AM): it
douseethelight (11:57:41 AM): i am not at that stage
douseethelight (11:57:43 AM): yet
douseethelight (11:57:49 AM): so nothing to worry about
douseethelight (11:57:57 AM): but understand that what i do know i do only because
douseethelight (11:58:00 AM): i have a mission
jay80888 (11:58:05 AM): Great ! I need that beach house! LOL
douseethelight (11:58:16 AM): and that is to touch as many open minds as possible
douseethelight (11:58:38 AM): at some point in time i might want to spend more time learning aspects of mediation
douseethelight (11:58:41 AM): discipline
douseethelight (11:58:44 AM): traveling etc
Allies1111 (11:58:50 AM): I am teaching my Russian stepdaughter to drive
douseethelight (11:58:51 AM): money has only purpose for me
douseethelight (11:58:55 AM): and that is to spend it
benkeytrade (11:58:56 AM): you changed me already in about 2 months
douseethelight (11:59:07 AM): or use it to help myself get better
douseethelight (11:59:15 AM): good Alan
Allies1111 (11:59:16 AM): English technically is not a valid medium
judyinvestor (11:59:17 AM): meditation, Sol?
jay80888 (11:59:23 AM): how do I open my mind? All i know so far is getting beat up by the market.
douseethelight (11:59:31 AM): forget the markets
judyinvestor (11:59:31 AM): mediation is like dispute resolution.
douseethelight (11:59:37 AM): and take time to
douseethelight (11:59:40 AM): look at yourself
Allies1111 (11:59:42 AM): so she teaches herself
douseethelight (11:59:46 AM): only you can understand yourself
Allies1111 (11:59:49 AM): and i sit there
jay80888 (11:59:57 AM): you changed me in two weeks! Internally that is. not in my trading successes yet.
douseethelight (12:00:02 PM): u r not a failure
douseethelight (12:00:08 PM): because u got smashed in the markets
mvingion (12:00:14 PM): why do you keep getting beat jay?
douseethelight (12:00:14 PM): u r a failure because u think u r a failure
douseethelight (12:00:17 PM): change that
douseethelight (12:00:21 PM): and you will be a winner
Allies1111 (12:01:04 PM): yes
douseethelight (12:01:17 PM): actually its so dam cold i don’t feel like going out and the merchandise iw as supposed to buy they are going to deliver to me for no extra charge i guess
Allies1111 (12:01:18 PM): give yourself space to grow
douseethelight (12:01:23 PM): good things come when you don’t expect them lol
mvingion (12:01:29 PM): until you know why it will keep happening
jay80888 (12:01:47 PM): how do i get comfortable being a winner? I was up more than 100% this year and then I made stupid trades shorting the market and long gold and gave all back..
douseethelight (12:01:52 PM): so i will stay here til my hands stop working lol
jay80888 (12:02:34 PM): Sol. this has been the best hour for me.
Allies1111 (12:02:41 PM): jay
Allies1111 (12:02:51 PM): you got comfortable
Allies1111 (12:03:03 PM): and relaxed your standards
benkeytrade (12:03:09 PM): Sol those it mean Sun
benkeytrade (12:03:20 PM): Does
judyinvestor (12:03:23 PM): yes it does.
jay80888 (12:03:47 PM): yes, I got sloppy… I got overconfident
benkeytrade (12:03:56 PM): well you are bringing sun into all of our lives
mvingion (12:04:13 PM): that’s cute
judyinvestor (12:04:19 PM): Jay, when I stopped having a financial or dollar goal on my trades (not long term holds or Sol’s picks) I found myself losing.
RMarchetta (12:04:22 PM): I’ve gotta go, bye all…have a nice vacation, Sol. Thanks
arvilgar (12:04:27 PM): over confident or greed?
arvilgar (12:04:33 PM): greedy in my case
Allies1111 (12:04:33 PM): go for each trade individually
judyinvestor (12:04:34 PM): So I am going back to the goals and had 2 good trades today.
Allies1111 (12:04:54 PM): set the same standards for each
judyinvestor (12:05:01 PM): Yes.
(12:05:02 PM) RMarchetta has left the room.
judyinvestor (12:05:25 PM): But with the market update picks, I am letting Sol determine when to exit.
judyinvestor (12:05:33 PM): Hope that is the right strategy.
Allies1111 (12:05:34 PM): set limits when u enter
Allies1111 (12:06:00 PM): if you have sols limits
Allies1111 (12:06:03 PM): fine
jay80888 (12:06:08 PM): Had I followed Sol’s advise on gold…. even after the first wee of subscription. I didn’t know how good he was.
Allies1111 (12:06:10 PM): but set them
douseethelight (12:06:29 PM): thanks Ben
douseethelight (12:06:30 PM): had a call
judyinvestor (12:07:03 PM): Was a great call on those gold stocks, and when GSS hit and bounced off of it’s 50 day ema, I was going to buy.
judyinvestor (12:07:07 PM): Glad I didn’t.
douseethelight (12:07:37 PM): dollar is silently rallying
jay80888 (12:07:44 PM): I see this as a new beginning – not just in trading but in understanding myself and life.
judyinvestor (12:07:47 PM): I don’t think there is anyone out there that is better on commodity stocks than Sol.
Allies1111 (12:08:02 PM): any stocks
judyinvestor (12:08:03 PM): oil, gas, gold, silver, etc.
douseethelight (12:08:06 PM): i would not say that
mvingion (12:08:13 PM): yeah all sites was bullish on GSS when it was close to 8 couple weeks back, look where it is now
douseethelight (12:08:17 PM): eventually someone will decide to look at the markets with clean eyes
douseethelight (12:08:21 PM): and beat me hands down
douseethelight (12:08:26 PM): i look forward to that day
douseethelight (12:08:35 PM): one should never hope to be the best at anything
douseethelight (12:08:39 PM): but do the best they can
Allies1111 (12:08:44 PM): it is people that make markets
jay80888 (12:08:47 PM): you are very reality oriented, Sol It is awesome.
Allies1111 (12:08:53 PM): understand people
Allies1111 (12:09:11 PM): understand yourself
Allies1111 (12:09:31 PM): I was seriously ill with depression
Allies1111 (12:09:42 PM): I took time to learn about me
douseethelight (12:09:56 PM): yes David if u keep up
douseethelight (12:10:02 PM): you are young enough to
douseethelight (12:10:09 PM): become a real good trader fast
douseethelight (12:10:18 PM): simply because you have not corrupted your mind
douseethelight (12:10:21 PM): enough yet
judyinvestor (12:10:23 PM): at 6.81 GSS hit the 50 day.
judyinvestor (12:10:28 PM): it is now $5.41.
mvingion (12:10:32 PM): you sure about that LOL
douseethelight (12:10:47 PM): it usually takes 33 plus years of contamination
douseethelight (12:10:51 PM): to put a dent into you
douseethelight (12:11:07 PM): if you can catch the disease before that period its easier to cure
judyinvestor (12:11:09 PM): David, I am sorry I called you Jay before, but you are both bright yellow on my computer.
douseethelight (12:11:13 PM): its always curable
douseethelight (12:11:19 PM): but the earlier the better
mvingion (12:11:26 PM): seriously I’m glad I cam across u when I did
douseethelight (12:11:28 PM): and the faster it is to cure
douseethelight (12:11:39 PM): i am just a messenger
douseethelight (12:11:47 PM): delivering an old an ancient message
douseethelight (12:11:54 PM): the art of using ones common sense
jay80888 (12:12:07 PM): same here. Only regret is not finding you before I lost all that money.
Allies1111 (12:12:26 PM): if u had not lost it
douseethelight (12:12:31 PM): in reality if you had not lost that money u would not be here
douseethelight (12:12:34 PM): exactly alan
Allies1111 (12:12:37 PM): would have gone looking for help
douseethelight (12:12:50 PM): so you can chose to look at it as a positive
jay80888 (12:12:51 PM): correctomundo.
douseethelight (12:12:53 PM): or a negative
douseethelight (12:13:01 PM): if you are looking for enlightenment
douseethelight (12:13:09 PM): i would look at it as a positive
douseethelight (12:13:18 PM): because now you know money is not everything
douseethelight (12:13:28 PM): while as before you were convinced it was everything
jay80888 (12:13:29 PM): ancient message? Do you have philosophy you follow? Aristotle?
douseethelight (12:13:36 PM): none i open my mind
douseethelight (12:13:43 PM): and don’t let anyone close it for me
douseethelight (12:13:50 PM): its my mind and i should close it if i want to
douseethelight (12:14:02 PM): so its always open i try not to judge
douseethelight (12:14:07 PM): i try to act great
douseethelight (12:14:16 PM): i try very hard to look at things as an observer
douseethelight (12:14:20 PM): rather than as a preacher
douseethelight (12:14:37 PM): that is why i am quite willing to stand by and watch someone jump of a cliff
douseethelight (12:14:45 PM): without offering any assistance unless they ask for
judyinvestor (12:14:45 PM): I didn’t mean to sound like a smart a, with my question. You do not want to judge so you want to meditate, right?
jay80888 (12:14:48 PM): is that what you mean by being nobody who knows something?
douseethelight (12:14:56 PM): if you force yourself to help them they might take you down with them
douseethelight (12:15:38 PM): you should have asked him
Allies1111 (12:15:40 PM): I’m from New Zealand
judyinvestor (12:15:43 PM): The first time I heard someone write that he was from OZ, I thought it was a joke. Like the Wizard of OZ
Allies1111 (12:15:51 PM): does that make me different?
douseethelight (12:15:56 PM): do u have any words of wisdom to offer
jay80888 (12:15:59 PM): Sol, i needed help badly. I am sure glad I found you. Very glad!
douseethelight (12:16:02 PM): if not he might as well be from mars
douseethelight (12:16:08 PM): or another galaxy
mvingion (12:16:14 PM): He was cool, and intelligent
douseethelight (12:16:15 PM): fools are in the millions
douseethelight (12:16:27 PM): then perhaps he deserves to be from another planet
mvingion (12:16:29 PM): I said he should bring more of his people to earth
douseethelight (12:16:32 PM): as this one is over loaded with idiots
benkeytrade (12:16:48 PM): LOL
douseethelight (12:17:27 PM): if u really look at it from an aliens eyes
douseethelight (12:17:32 PM): we are a sorry bunch of losers
douseethelight (12:17:36 PM): we get up in the morning
douseethelight (12:17:39 PM): run to work from 9-5
douseethelight (12:17:43 PM): or trade the markets
douseethelight (12:17:48 PM): from 9-4.30
jay80888 (12:17:55 PM): Sol, do you feel like the proverbial ‘one eyed man in the land of blinds’?
douseethelight (12:17:55 PM): work for 20-30 years
douseethelight (12:17:58 PM): to save
douseethelight (12:18:02 PM): for a time in our lives
douseethelight (12:18:08 PM): where almost nothing works properly
douseethelight (12:18:12 PM): and we call that retirement
mvingion (12:18:13 PM): its sheer madness
douseethelight (12:18:19 PM): and we look forward to that
douseethelight (12:18:21 PM): i call it death
douseethelight (12:18:50 PM): i try not to feel like that but sometimes i cannot help but feel lost
douseethelight (12:18:53 PM): and out of place
douseethelight (12:19:02 PM): so i spend more time with children
douseethelight (12:19:11 PM): they are very easy to understand and get along with
douseethelight (12:19:18 PM): if they like you they tell you immediately
judyinvestor (12:19:22 PM): Like your niece?
douseethelight (12:19:23 PM): and if they don’t u know in seconds
douseethelight (12:19:27 PM): no nonsense
douseethelight (12:19:32 PM): well with my friends kids
douseethelight (12:19:36 PM): and when i go to Ukraine
douseethelight (12:19:43 PM): i spend time with a lot of them
douseethelight (12:19:58 PM): or i spend time with very old people
douseethelight (12:20:02 PM): they are to old to worry
douseethelight (12:20:05 PM): about lying anymore
judyinvestor (12:20:10 PM): true.
douseethelight (12:20:13 PM): so they tell you it as it is
douseethelight (12:20:19 PM): at least you feel normal with them
benkeytrade (12:20:45 PM): no b.s.
Allies1111 (12:20:54 PM): Sol may remember, but a year ago I went looking for common sense
Allies1111 (12:20:59 PM): what I found
Allies1111 (12:21:05 PM): was an education
Allies1111 (12:22:06 PM): a belief in myself
jay80888 (12:22:16 PM): Sol, Have you ever heard of Delta theory espoused by Wilder (he invented RSI ) ? Is there anything to that moon cycle idea?
douseethelight (12:22:45 PM): i am sorry to say that i have not heard about it therefore
douseethelight (12:22:51 PM): would be a fool to comment on it
douseethelight (12:22:55 PM): so i won’t
Allies1111 (12:23:08 PM): the earth is a magnet
Allies1111 (12:23:19 PM): polarity
mvingion (12:23:24 PM): does that have anything with Bush’s NASA proposal?
Allies1111 (12:23:25 PM): is a force
Allies1111 (12:23:39 PM): there could be something to it
mvingion (12:23:54 PM): worth another Billion or two
douseethelight (12:24:37 PM): oh yeah alternative energy sources might see
Allies1111 (12:24:38 PM): I remember a cry
douseethelight (12:24:42 PM): a spike
Allies1111 (12:24:44 PM): a few years ago
jay80888 (12:24:45 PM): On long bond, it came down hard last June and have been tracing out gigantic triangle. bears expected it to break to the downside. and surprise, it is breaking upside. is this a fake move up?
Allies1111 (12:24:54 PM): when the high voltage
douseethelight (12:25:00 PM): to be more precise hybrid engines
Allies1111 (12:25:01 PM): transmission lines
douseethelight (12:25:15 PM): nothing is fake
Allies1111 (12:25:17 PM): were accused of
douseethelight (12:25:21 PM): everything is real
douseethelight (12:25:24 PM): we are the only fakes
Allies1111 (12:25:38 PM): upsetting child development
douseethelight (12:25:50 PM): ABP just set a new
douseethelight (12:25:54 PM): 52 week high
judyinvestor (12:26:03 PM): Yes it did.
douseethelight (12:26:19 PM): most likely it will be another 100%
douseethelight (12:26:21 PM): winner
douseethelight (12:26:30 PM): sometimes this gets to be boring
alll2go (12:26:40 PM): bore ME!!
douseethelight (12:26:42 PM): but we will talk about that another day
douseethelight (12:26:43 PM): lol
RMBluemel1 (12:26:51 PM): need to go, but i am so grateful in finding this group of people to learn from
(12:26:57 PM) RMBluemel1 has left the room.
jay80888 (12:26:59 PM): boring win is good. I had too many exciting loses!!!
mvingion (12:27:21 PM): u seem to focus on loss a lot
Allies1111 (12:27:42 PM): yes
douseethelight (12:27:55 PM): try to embrace your loses
Allies1111 (12:27:56 PM): look at what you did right with the winners
jay80888 (12:27:58 PM): i have a lifelong record … i am ready to change.
douseethelight (12:28:08 PM): the same way you will embrace your winnings
douseethelight (12:28:14 PM): tomorrow beings today
mvingion (12:28:20 PM): jay is a winner
douseethelight (12:28:24 PM): for tomorrow never comes unless today is changed
jay80888 (12:28:37 PM): you are like a zen master, Sol.. LOL
douseethelight (12:28:45 PM): i am no master
douseethelight (12:28:52 PM): i am actually a student
judyinvestor (12:28:58 PM): I had an article called Zen Trading, but can’t find it.
douseethelight (12:29:01 PM): maybe i would allow the title advanced student
douseethelight (12:29:03 PM): but no more
alll2go (12:29:16 PM): Why is silver climbing while gold falls?
douseethelight (12:29:26 PM): silver has
judyinvestor (12:29:27 PM): I know I kept it because it had a lot of things in it that Sol has said.
douseethelight (12:29:31 PM): other reasons
douseethelight (12:29:41 PM): one being when it is used it is forever gone
jay80888 (12:29:43 PM): did the silver speculation mark the end of bull move?
douseethelight (12:29:52 PM): unlike gold which just changes hands or shape
douseethelight (12:29:55 PM): but remains here
douseethelight (12:30:01 PM): there is a critical shortage of silver
Allies1111 (12:30:07 PM): tomorrow is options day
benkeytrade (12:30:08 PM): china’s demand
Allies1111 (12:30:17 PM): gold always gets hit
douseethelight (12:30:20 PM): so it is acting like a currency and as a commodity that has
douseethelight (12:30:26 PM): critical shortage problems
jay80888 (12:30:29 PM): photo is going digital. negative on silver?
douseethelight (12:30:43 PM): not for the Chinese
mvingion (12:30:43 PM): silver has many other uses
douseethelight (12:31:03 PM): one billion Chinese will more than make up for whatever slack the americans provide
douseethelight (12:31:07 PM): don’t forget India to
douseethelight (12:31:19 PM): another billion there that cannot afford digital cameras
jay80888 (12:31:24 PM): do you subscribe to 16:1 gold silver ratio?
douseethelight (12:31:28 PM): so it’s a BS story
douseethelight (12:31:38 PM): i don’t waste time with that
douseethelight (12:31:41 PM): keep life simple
douseethelight (12:31:43 PM): make money
douseethelight (12:31:47 PM): and take time of
douseethelight (12:31:54 PM): forget the rest of the garbage
douseethelight (12:32:04 PM): leave all the number pushing to the wall street experts
jay80888 (12:32:07 PM): isn’t supply tight on gold side as well.. Mining situation etc.
douseethelight (12:32:09 PM): they have to do something
douseethelight (12:32:13 PM): meaningless
douseethelight (12:32:38 PM): perceptions
douseethelight (12:32:44 PM): being right never meant you made money
douseethelight (12:32:47 PM): that’s why all professors
douseethelight (12:32:51 PM): teach
Allies1111 (12:32:58 PM): the way to win this gold/silver war is to buy physical metal
Allies1111 (12:33:16 PM): take it out of the exuasion
douseethelight (12:33:30 PM): read to investment articles
Allies1111 (12:33:30 PM): equation
douseethelight (12:33:35 PM): when u need to amuse yourself
mvingion (12:33:38 PM): I bought bullion in Feb ’03, wish I bought shares
douseethelight (12:33:56 PM): think like this at least you bought something
douseethelight (12:34:01 PM): and it has made money
mvingion (12:34:04 PM): true
douseethelight (12:34:04 PM): so have done well
jay80888 (12:34:15 PM): are fundamental convictions dangerous prejudices? should we just focus on technical market actions?
douseethelight (12:34:17 PM): no one ever broke making small profits
mvingion (12:34:30 PM): yeah that’s one of my problems I admit
douseethelight (12:34:33 PM): i don’t want to tell you how you should think
douseethelight (12:34:39 PM): i can tell you how i think
douseethelight (12:34:50 PM): its no ones right to tell others how to think
douseethelight (12:34:55 PM): its your right
douseethelight (12:35:00 PM): so exercise it
douseethelight (12:35:07 PM): as far as i am concerned
douseethelight (12:35:14 PM): fundamentals to me personally mean nothing
douseethelight (12:35:17 PM): and never will
douseethelight (12:35:49 PM): would all of you like to be on
douseethelight (12:35:51 PM): financial sense
douseethelight (12:36:03 PM): perhaps Mary might find this transcript amusing and post it
douseethelight (12:36:04 PM): lol
mvingion (12:36:12 PM): u never know
Allies1111 (12:36:13 PM): aha
douseethelight (12:36:22 PM): and the rest of the world can see the fun we had
douseethelight (12:36:22 PM): lol
jay80888 (12:36:35 PM): this has been the best educational 2 hours in my life.
jay80888 (12:36:57 PM): do you try to find joy in trading and investing life? is that the attitude?
douseethelight (12:36:59 PM): we are what we think we are change the thought process
judyinvestor (12:37:05 PM): I market open all day today? Does anyone know or care?
douseethelight (12:37:08 PM): and the possibilities are endless
Allies1111 (12:37:14 PM): see, good things come in small packets
judyinvestor (12:37:22 PM): It is closed on Monday.
douseethelight (12:37:49 PM): i find joy in looking at investing as way of living
douseethelight (12:37:55 PM): and not as means to make money
douseethelight (12:38:05 PM): for me investing involves every facet of my life
douseethelight (12:38:18 PM): the least important one is the financial side
douseethelight (12:38:28 PM): i would rather be poor
douseethelight (12:38:31 PM): with great health
douseethelight (12:38:32 PM): good food
douseethelight (12:38:36 PM): and some nice books
douseethelight (12:38:39 PM): books sorry
douseethelight (12:38:42 PM): then rich fat
douseethelight (12:38:52 PM): sick and mentally insane
jay80888 (12:38:57 PM): LOL
jay80888 (12:39:16 PM): I liked the insane part!
mvingion (12:39:23 PM): I want to be rich and healthy
douseethelight (12:39:23 PM): lol
douseethelight (12:39:36 PM): sure that is the ultimate goal
douseethelight (12:39:44 PM): only 1% of this world will ever come close
douseethelight (12:39:47 PM): to getting that
douseethelight (12:39:56 PM): should that number put you of
douseethelight (12:40:10 PM): no it should push you to rise and meet the challenge
douseethelight (12:40:17 PM): to show that you can and will do it
jay80888 (12:42:01 PM): by ‘open mind’, do you mean like no strong convictions?
mvingion (12:42:17 PM): I think you need some convictions
mvingion (12:42:24 PM): in life
mvingion (12:42:36 PM): principles, you know
douseethelight (12:42:38 PM): no i mean being flexible
jay80888 (12:42:46 PM): oriented towards calm observations rather than prejudices?
douseethelight (12:42:54 PM): not being fixed in the way you look at things
douseethelight (12:43:08 PM): understanding that there exists the possibility that you might be wrong
douseethelight (12:43:14 PM): even while you think you are right
douseethelight (12:43:22 PM): and be open to admitting your wrong if
douseethelight (12:43:24 PM): proven so
jay80888 (12:43:50 PM): I take too big a position and get scared to think that i may be wrong.
Allies1111 (12:43:54 PM): where does logic end and emotion begin
jay80888 (12:44:06 PM): until the pain convince me…
douseethelight (12:44:06 PM): then you have the answer
douseethelight (12:44:11 PM): don’t take a big position
douseethelight (12:44:16 PM): take a small position
douseethelight (12:44:20 PM): take many small positions
douseethelight (12:44:39 PM): why do something unless its fun
douseethelight (12:44:51 PM): if you feel pain maybe your mind is trying to warn you in advance
douseethelight (12:44:57 PM): that you might be doing something wrong
jay80888 (12:45:02 PM): chasing to be rich…
douseethelight (12:45:05 PM): it also re enforces the theory
douseethelight (12:45:09 PM): of our grandparents
douseethelight (12:45:15 PM): of not putting all your eggs in one basket
benkeytrade (12:45:39 PM): that is exactly what I have been doing…thanks to you
douseethelight (12:45:53 PM): actually you should thank yourself
douseethelight (12:46:00 PM): don’t be afraid to thank yourself
jay80888 (12:46:01 PM): get rich slowly and enjoy the process?
douseethelight (12:46:03 PM): i did not do it
douseethelight (12:46:04 PM): you did it
benkeytrade (12:46:28 PM): I got a little gun shy after my biased thinking in October..
douseethelight (12:46:47 PM): well you have changed so be glad
douseethelight (12:46:55 PM): once more learning and investing can be fun for you
douseethelight (12:47:04 PM): remember everything must be fun
douseethelight (12:47:08 PM): if not don’t do it
douseethelight (12:47:13 PM): if i stop having fun here
douseethelight (12:47:16 PM): this game is over
douseethelight (12:47:17 PM): for m
douseethelight (12:47:18 PM): e
jay80888 (12:47:46 PM): I am changed since I discovered you, Sol. I hope you continue to have fun!!!
jay80888 (12:47:55 PM): LOL
douseethelight (12:48:04 PM): once again do not be afraid to take credit
Allies1111 (12:48:09 PM): sorry guys, I must reboot
douseethelight (12:48:13 PM): i simply put forward message
mvingion (12:48:15 PM): Sol what’s up with your book?
douseethelight (12:48:20 PM): you decided to act on it
Allies1111 (12:48:21 PM): will someone bring me back in?
douseethelight (12:48:26 PM): yes Alan
douseethelight (12:48:27 PM): i will
douseethelight (12:48:28 PM): if you did not
jay80888 (12:48:34 PM): wait… I want to save this session.
Allies1111 (12:48:36 PM): thanks
douseethelight (12:48:38 PM): then nothing would have happened
douseethelight (12:48:44 PM): David i am working on it
(12:48:48 PM) Allies1111 has left the room.
douseethelight (12:48:50 PM): it is fully written in my mind
douseethelight (12:48:55 PM): now i have to put in paper
douseethelight (12:48:56 PM): lol
alll2go (12:49:07 PM): Someone look at NONT and help me understand. .003 to $3 in a short time….Are those profits possible?
douseethelight (12:49:18 PM): yes
douseethelight (12:49:23 PM): let me take a look
alll2go (12:49:23 PM): wow
douseethelight (12:49:25 PM): one sec
douseethelight (12:49:57 PM): however the reason
douseethelight (12:49:59 PM): is pure madness
douseethelight (12:50:11 PM): its the feeding frenzy stage
douseethelight (12:50:15 PM): look at jmar
douseethelight (12:50:22 PM): we mentioned it as 1.75 or so
douseethelight (12:50:27 PM): in the high risk plays
douseethelight (12:50:32 PM): its up to 4 plus now
jay80888 (12:50:40 PM): I was too late to get into nano plays.
douseethelight (12:50:49 PM): 4.29
alll2go (12:50:49 PM): 4.29 now impressive
douseethelight (12:50:57 PM): in less than 2 months i think
douseethelight (12:51:00 PM): alti also
douseethelight (12:51:02 PM): up huge
douseethelight (12:51:20 PM): impressive is a rather long word
jay80888 (12:51:23 PM): I guess I should be happy for others making money.
benkeytrade (12:51:27 PM): what do you think of BIPH
alll2go (12:51:29 PM): I had all these on a watch list and was too scared to enter
douseethelight (12:51:34 PM): with a meaning that only brings joy to fools lol
douseethelight (12:52:04 PM): by the way if you guys do your research
douseethelight (12:52:08 PM): and find oversold stocks
jay80888 (12:52:13 PM): it beats me how you could call ‘cycle bottom’ on nano stocks.
douseethelight (12:52:14 PM): you can send them to Alan
douseethelight (12:52:17 PM): let me look
douseethelight (12:52:20 PM): at that stock
douseethelight (12:52:46 PM): great play
douseethelight (12:52:50 PM): but to late to get in now
jay80888 (12:52:54 PM): great call nonetheless.
douseethelight (12:53:12 PM): i think of it as rather simple
douseethelight (12:53:20 PM): actually and don’t think its anything great
douseethelight (12:53:31 PM): the world categorizes us
douseethelight (12:53:35 PM): we remain constant
douseethelight (12:53:45 PM): however the fool believes what the world chooses to make him or her
douseethelight (12:53:57 PM): the wise man or woman pays no heed
douseethelight (12:54:19 PM): after all if you are the smartest one in a group of
douseethelight (12:54:25 PM): idiots
douseethelight (12:54:28 PM): are u really smart
douseethelight (12:54:32 PM): or just less of an idiot
douseethelight (12:54:48 PM): or maybe more of an idiot to believe what the other idiots think of you
douseethelight (12:54:58 PM): perhaps you are better of being the dumbest person
douseethelight (12:55:06 PM): in a room of extremely smart individuals
douseethelight (12:55:14 PM): personally that’s where i would rather be
douseethelight (12:55:21 PM): then at least i have something to aim for
jay80888 (12:55:25 PM): Socrates may be applauding.. lol
douseethelight (12:55:27 PM): aim for the sky and not the floor
jay80888 (12:57:10 PM): BTW, i love your saying ‘think not, want not, relax a lot’… is the exact opposite to my investing life so far.
mvingion (12:57:31 PM): Has anyone got any fills on the new plays besides MSSN
douseethelight (12:57:55 PM): judy u might have to bring alan in
douseethelight (12:57:57 PM): i cannot get him in
jay80888 (12:58:37 PM): sol, do you advise subscribers to take positions in all you recommendations ? Like equal amounts?
douseethelight (12:58:51 PM): generally that is the way to play till
douseethelight (12:58:57 PM): u run out of cash
douseethelight (12:59:04 PM): then wait till we issue sells
douseethelight (12:59:11 PM): and buy the next plays
benkeytrade (12:59:14 PM): I got filled on ENY at 1.07
douseethelight (12:59:30 PM): yes most should have gotten fills on that one
benkeytrade (12:59:36 PM): about a week ago
douseethelight (12:59:42 PM): by the way i have purposely chosen to put range orders
jay80888 (12:59:47 PM): some of these small caps with debt. Do you every worry about them going belly up?
douseethelight (12:59:50 PM): this teaches you how to real with your
(12:59:50 PM) Allies1111 has entered the room.
douseethelight (12:59:53 PM): greed
Allies1111 (12:59:55 PM): thanks
douseethelight (1:00:00 PM): no i don’t
douseethelight (1:00:02 PM): because
douseethelight (1:00:09 PM): i don’t put all my eggs in one basket
douseethelight (1:00:13 PM): so if one or two goes up
douseethelight (1:00:16 PM): who cares
douseethelight (1:00:25 PM): we are playing a hard game
judyinvestor (1:00:30 PM): Great about the fill on Eny, Ben.
douseethelight (1:00:34 PM): bound to be some casualties
judyinvestor (1:00:38 PM): I bet I got filled too then.
douseethelight (1:00:44 PM): nothing good comes easy if it does it was not worth it
jay80888 (1:00:47 PM): do you see recommending larger cap better known names in future?
douseethelight (1:00:55 PM): no idea
douseethelight (1:01:07 PM): don’t want to waste time thinking what i might do
douseethelight (1:01:13 PM): when i have so much to do now
douseethelight (1:01:18 PM): waste of good resources
benkeytrade (1:01:25 PM): I’m a bit of a junky like you Judy, I like to watch the screen…but no more stress now..
douseethelight (1:01:25 PM): to deal with the might
judyinvestor (1:01:27 PM): I’m sorry about not bringing Alan in.
judyinvestor (1:01:39 PM): I turned off the blinker.
douseethelight (1:01:44 PM): perhaps you are perhaps not
douseethelight (1:01:45 PM): lol
judyinvestor (1:01:50 PM): because of the Yak Yak Yak.
douseethelight (1:02:10 PM): by the way understand selfishness is a good virtue
douseethelight (1:02:16 PM): to have in moderation
judyinvestor (1:02:25 PM): I actually am about back to where I started the year today.
jay80888 (1:02:42 PM): what do yo think of standard technical analysis – trend lines, double tops. type of things?
douseethelight (1:02:43 PM): try to make sure you don’t re wind the tape again
judyinvestor (1:02:44 PM): finally getting trades and limiting the gains though.
douseethelight (1:02:51 PM): otherwise your live has already been lived
douseethelight (1:03:03 PM): trend lines i like
douseethelight (1:03:07 PM): macds yes
douseethelight (1:03:09 PM): stochastics yes
douseethelight (1:03:19 PM): RSI index
douseethelight (1:03:20 PM): yes
jay80888 (1:03:32 PM): do you believe in fixed length cycles?
douseethelight (1:03:33 PM): % Williams R yes to
douseethelight (1:03:40 PM): nothing is fixed
douseethelight (1:03:44 PM): nothing is written in stone
douseethelight (1:03:51 PM): promises are made to be broken
douseethelight (1:03:56 PM): and lies are just waiting to be told
jay80888 (1:04:02 PM): LOL
judyinvestor (1:04:19 PM): Like the VIX at 15.02.
judyinvestor (1:04:27 PM): We used to watch it every day in here.
judyinvestor (1:04:35 PM): Waiting for that correction.
douseethelight (1:04:39 PM): then everyone started to watch it to
judyinvestor (1:04:41 PM): that never really came.
douseethelight (1:04:41 PM): so i stopped
douseethelight (1:04:47 PM): CNBC
douseethelight (1:04:50 PM): jinxed it
douseethelight (1:04:54 PM): so it was time to get out
judyinvestor (1:04:55 PM): I guess so.
douseethelight (1:05:00 PM): they did the same with put call ration
douseethelight (1:05:12 PM): by the way from the charts it looks like the VIX could go to 10
judyinvestor (1:05:13 PM): somebody told me you can get the P/C ratio Emailed to you.
judyinvestor (1:05:16 PM): Hourly?
douseethelight (1:05:19 PM): before we correct
douseethelight (1:05:21 PM): hard
jay80888 (1:05:29 PM): wow!!!
douseethelight (1:05:38 PM): that should screw up some great minds
judyinvestor (1:05:53 PM): the small caps at new high again.
judyinvestor (1:05:56 PM): $RUT.
douseethelight (1:06:02 PM): its fantastic when everything you believe is
judyinvestor (1:06:06 PM): Biotech’s at new 52 week high.
douseethelight (1:06:07 PM): shred into pieces
jay80888 (1:06:16 PM): do you subscribe to DOW 4000?
douseethelight (1:06:19 PM): and you have to spend time learning new concepts
douseethelight (1:06:23 PM): not yet
douseethelight (1:06:37 PM): eventually Dow 1500
douseethelight (1:06:40 PM): is possible
douseethelight (1:06:45 PM): but that is a long way of
jay80888 (1:06:48 PM): wow!!
judyinvestor (1:06:51 PM): Sol?
jay80888 (1:07:33 PM): like 5 years?
Allies1111 (1:07:38 PM): How do u stay focused when as individuals we go off on tangents
douseethelight (1:08:05 PM): the answer might
douseethelight (1:08:08 PM): amaze you
judyinvestor (1:08:09 PM): I won’t ask a question unless I know I have his attention.
douseethelight (1:08:16 PM): are you sure you want me to answer that
jay80888 (1:08:29 PM): yes!!
douseethelight (1:08:36 PM): i focus on nothing
douseethelight (1:08:39 PM): and enjoy everything
douseethelight (1:09:06 PM): there are so many things to enjoy so why over kill myself in one specific area
douseethelight (1:09:09 PM): life is to short
douseethelight (1:09:15 PM): now if you told me i had 500 years
douseethelight (1:09:25 PM): then i might decide to give 100 years to the mkt only
douseethelight (1:09:46 PM): take Alan he wont talk about it much
douseethelight (1:09:52 PM): he was no one last year
douseethelight (1:09:59 PM): did not know anything about stocks
douseethelight (1:10:01 PM): or futures
douseethelight (1:10:07 PM): or for that matter much about the markets
douseethelight (1:10:20 PM): today he has understood those principles really well
douseethelight (1:10:23 PM): in one year
douseethelight (1:10:28 PM): no he trades futures
douseethelight (1:10:34 PM): very successfully
douseethelight (1:10:47 PM): and will be eventually running the scorpion trading room
douseethelight (1:10:51 PM): with my guidance
douseethelight (1:11:07 PM): he has also managed to write well enough to
douseethelight (1:11:14 PM): be published on financial sense
douseethelight (1:11:22 PM): so anything is possible
douseethelight (1:11:25 PM): if you truly want it
douseethelight (1:11:28 PM): aim high
douseethelight (1:11:32 PM): for anyone can aim low
judyinvestor (1:12:10 PM): Yes, that is great!
jay80888 (1:12:17 PM): Allan is the Kiwi guy? maybe he is real smart?
douseethelight (1:12:29 PM): nope he was a sheep farmer
Allies1111 (1:12:29 PM): I got my education at the age of 49
douseethelight (1:12:35 PM): once upon time
jay80888 (1:12:46 PM): less than a year? do you offer tutoring??
douseethelight (1:12:52 PM): not right now
douseethelight (1:12:56 PM): but we will see
douseethelight (1:13:05 PM): one day maybe i don’t plan everything i do
douseethelight (1:13:12 PM): i like to leave some randomness
alll2go (1:13:13 PM): I’m 48 and just starting mine…so there is hope I guess
douseethelight (1:13:21 PM): in there just to make things interesting
douseethelight (1:13:32 PM): there is always hope
douseethelight (1:13:34 PM): even at 90
douseethelight (1:13:36 PM): there is hope
douseethelight (1:13:43 PM): i taught a 80 year old nun
douseethelight (1:13:46 PM): how to use the internet
douseethelight (1:13:49 PM): she wanted to learn
douseethelight (1:13:51 PM): and she did
douseethelight (1:13:58 PM): now she is 81 years old
douseethelight (1:14:12 PM): and the only one in her age group who knows how to use the net
douseethelight (1:14:15 PM): well
Allies1111 (1:14:18 PM): an 81-year-old surfer
douseethelight (1:14:21 PM): yes
douseethelight (1:14:23 PM): and she loves it
mvingion (1:14:27 PM): lol
jay80888 (1:14:28 PM): life is amazing…
douseethelight (1:14:32 PM): tells me it has brought a lot of joy to her life
douseethelight (1:14:36 PM): she is a very smart lady
douseethelight (1:14:46 PM): one of my best advisors
(1:14:49 PM) judyinvestor has left the room.
jay80888 (1:15:39 PM): i love what you say about women and investing. I sensed it elliptically before. but i was afraid to admit it.
douseethelight (1:16:01 PM): well
douseethelight (1:16:07 PM): the wise man
douseethelight (1:16:11 PM): and woman
douseethelight (1:16:20 PM): will see i am talking about the general male
douseethelight (1:16:26 PM): and the general or average
douseethelight (1:16:28 PM): female
douseethelight (1:16:37 PM): i am not taking the cream of the crop
douseethelight (1:16:41 PM): from both categories
douseethelight (1:16:55 PM): the wise woman and man realize that
douseethelight (1:17:01 PM): it takes two to tango
douseethelight (1:17:05 PM): so there is no better
douseethelight (1:17:07 PM): one
douseethelight (1:17:17 PM): there is a way to take two and make a better
alll2go (1:17:17 PM): Sol, the first time I read your name here I thought it was douse the light. It is in perception and state of mind. Glass half full or half empty.
douseethelight (1:17:18 PM): one
mvingion (1:17:29 PM): I used to fly for a previous job. Majority of male passengers age 40-50
mvingion (1:17:43 PM): majority of female passgrs 30-40
mvingion (1:17:48 PM): business flights
mvingion (1:17:58 PM): changing of the guard
douseethelight (1:17:59 PM): yes its all about perceptions
douseethelight (1:18:11 PM): is the glass full or half empty
douseethelight (1:18:16 PM): in reality who gives a dam
douseethelight (1:18:19 PM): i am thirsty
douseethelight (1:18:21 PM): and i need water
douseethelight (1:18:23 PM): that’s it
douseethelight (1:18:26 PM): the rest is junk
douseethelight (1:19:32 PM): believe this conversation
douseethelight (1:19:35 PM): is just as useful
jay80888 (1:19:38 PM): you seemed to have your perception focused on reality. is that like the zen training? try ot get rid fo preconception and to have fresh eye?
douseethelight (1:19:39 PM): to me as it is to you
douseethelight (1:19:49 PM): no one is getting a better deal here
douseethelight (1:19:54 PM): we are all getting a good deal
douseethelight (1:20:13 PM): try to have no fixed notions
douseethelight (1:20:18 PM): be flexible
douseethelight (1:20:25 PM): and you won’t have any problems
douseethelight (1:20:31 PM): don’ think u r great
douseethelight (1:20:41 PM): because if you do u r a bigger idiot then your neighbor
douseethelight (1:20:56 PM): don’t go out shouting how smart you are
douseethelight (1:21:01 PM): let the world recognize you
douseethelight (1:21:09 PM): and if they decide to call you wise smile
douseethelight (1:21:15 PM): when you realize how stupid they really are
douseethelight (1:21:22 PM): to be wasting their time worshiping you
douseethelight (1:21:24 PM): you sorry
douseethelight (1:21:46 PM): when there are so many better ways they could spend their time
jay80888 (1:22:00 PM): well there is wisdom there…
jay80888 (1:22:07 PM): do you think one should try to get rich slowly? is process more important than monetary goal?
douseethelight (1:22:13 PM): there is what you want there to be
douseethelight (1:22:28 PM): by asking that question
douseethelight (1:22:34 PM): you are indicating that you are still lost
douseethelight (1:22:37 PM): which is fine
douseethelight (1:22:46 PM): wait till you don’t have to ask that question anymore
douseethelight (1:22:52 PM): find your equilibrium
douseethelight (1:23:00 PM): there is no right or wrong answer
douseethelight (1:23:07 PM): there are only right or wrong perceptions
jay80888 (1:23:08 PM): you mean, I should be content where I am?
douseethelight (1:23:22 PM): no u still don’t know who u really are
douseethelight (1:23:25 PM): get to know yourself
douseethelight (1:23:33 PM): then you will have your answer
jay80888 (1:23:41 PM): how do I do that?
douseethelight (1:23:41 PM): learn to believe in yourself
douseethelight (1:23:45 PM): very slowly at first
douseethelight (1:23:58 PM): just like when you learned to walk
douseethelight (1:24:00 PM): it took time
douseethelight (1:24:09 PM): when you got your first job
douseethelight (1:24:14 PM): it was a low paying
douseethelight (1:24:23 PM): one slowly but surely you climbed up
douseethelight (1:24:29 PM): you will reach a point
douseethelight (1:24:34 PM): when it will start to happen fast
douseethelight (1:24:40 PM): but u need to take the first step
douseethelight (1:24:54 PM): try to spend less time in looking for ways to be better
douseethelight (1:24:59 PM): and more time in actually doing something
douseethelight (1:25:04 PM): action speaks louder than words
mvingion (1:26:25 PM): Loved the zen-fest, fellas, gotta take off. Happy trading.
douseethelight (1:26:38 PM): yes me to
douseethelight (1:26:40 PM): in a few minutes
(1:26:46 PM) mvingion has left the room.
douseethelight (1:26:51 PM): so any last questions before i hit the road
douseethelight (1:27:01 PM): we will email this transcript to everyone
jay80888 (1:27:05 PM): certainly a lot ot think about. A lot better than following wiggles in the market day after day…
douseethelight (1:27:07 PM): and if financial sense
douseethelight (1:27:12 PM): deems it worthy
douseethelight (1:27:16 PM): it might be appear there
douseethelight (1:27:18 PM): lol
douseethelight (1:27:30 PM): then the whole world can see how we the foolish
douseethelight (1:27:33 PM): are trying to be wise
jay80888 (1:27:34 PM): you may get too famous, Sol!!
douseethelight (1:27:35 PM): lol
douseethelight (1:27:48 PM): what is meant to be is meant to be
douseethelight (1:27:59 PM): however we can change the outcome if its bad
douseethelight (1:28:06 PM): but if its not bad then don’t waste time
douseethelight (1:28:10 PM): thinking about it
douseethelight (1:28:13 PM): i might
douseethelight (1:28:22 PM): or they might just think i am a fool
jay80888 (1:28:34 PM): well, certainly this has been best educational hours in my life. I really appreciate you sharing your insights in so many areas.
douseethelight (1:29:09 PM): u r welcome
douseethelight (1:29:19 PM): any last questions
douseethelight (1:29:23 PM): you guys can stay around
benkeytrade (1:29:24 PM): thank you very much for your time
douseethelight (1:29:33 PM): and chat amongst yourselves
jay80888 (1:29:34 PM): i hope they do. i want to be one of the few that pay attention to your market insights.
alll2go (1:29:44 PM): Thanks Sol and all, bye for now.
Allies1111 (1:29:46 PM): yes thanks sol
douseethelight (1:29:48 PM): i will keep this widow open so i can email the whole conversation to everyone
douseethelight (1:29:59 PM): and show them what a day in the discussion room is like
jay80888 (1:30:02 PM): last questions…. do you think USA will survive?
douseethelight (1:30:09 PM): yes
douseethelight (1:30:17 PM): it will
jay80888 (1:30:19 PM): Phew!!
douseethelight (1:30:33 PM): nice talking to everyone
douseethelight (1:30:36 PM): and have a great day
douseethelight (1:30:42 PM): remember spend time relaxing
benkeytrade (1:30:42 PM): thanks
douseethelight (1:30:44 PM): it costs u nothing
douseethelight (1:30:48 PM): but just time
jay80888 (1:30:49 PM): thanks a million, Sol.
douseethelight (1:30:54 PM): u r welcome
douseethelight (1:30:58 PM): bye
jay80888 (1:31:11 PM): bye,,, and hooray for Sol!!
(1:31:20 PM) judyinvestor has entered the room.
judyinvestor (1:31:31 PM): Thanks, Alan.
judyinvestor (1:31:35 PM): Computer problems.
judyinvestor (1:32:30 PM): Going for a cuppa. Be back soon.
Allies1111 (1:32:42 PM): tell me how this $rut works judy
benkeytrade (1:32:54 PM): judy, the other day i closed this chat window by mistake during the day…what do i do to get back into the room
arvilgar (1:33:04 PM): most of the large cap reco’s are up today
judyinvestor (1:33:16 PM): Oh my.