Time to Go Long or Short?
29Apr2008 Filed under: Market Psychology and Trade Ideas Author: OptionPunditI talked about “Counterfactual” thinking and “Hindsight bias”, when looking in the past everything seems obvious and as if we knew it all along. I talked about fertilizer stocks earlier, and also mentioned that it needs solid guts on own those. Owners of these have amassed fortunes.
Now test yourself. Those Agri 5 are beaten down heavily in the past few days, will you short them or go long with them? (AGU is not shown in the chart)
You may post your comments and we’ll revisit this after sometime.
Profitable trading, OP
AGU, CF, market psychology, MON, MOS, POT, Trade IdeasAbout this blog
OptionPundit© (OP) is designed for novice as well as serious option traders. It is a stock & option trading blogsite that is dedicated to the following objectives: read more ⇒
OPN Performance
This assumes a $10,000 starting and fully invested capital. The current phase started when OPNewsletter was re-opened in Jan'08 for Feb'08 expiration. OPN Month is counted as 3rd Friday of each month same as US Equity option expiration day. Comparison with S&P500 or Dow is not shown as it's unfair to expect from such large institution to deliver high returns. I would rather compare with my own target.
AP Biz News
- Gov't eyes plan to take ownership stakes in banks
- Euro nations to guarantee bank refinancing
- Investors face more uncertainty as bailout widens
- Is the era of easy credit over for the long haul?
- China looking inward as foreign economies slow
- Palin has mixed record as fiscal conservative
- World Bank to protect poor from economic turmoil
Stay Informed (RSS or Mobile)
Been There, Done That
Leave a reply