A simple meaningful Quote ....
"the only winners in Life are those that control the Game" now that's a classic line in life that applies especially to the stock market...the classic MM.. years ago I found if you want to make money in the markets do not get married to a stock.. No matter how great the story, this quote rings true... "the only winners are those that control the game".. It's without a question one of the most important factors in being succesful at this racket.. to get ahead you must think like a market maker, easier said than done at times when you aren't part of a consortium and trading on your own with no inside knowledge, you will never entirely master it, as soon as we fall in love with a play I find my profits decrease.. (now there are exceptions) there are times to buy and hold.. So many times I have caught the fallen knife and bought up plays when a sector falls out of favor like Oil a year back and landed on great plays in the basement with full intentions of holding only to sell over emotion vs good judgement.. Had I only listened to my instincts.. Cycles come and go.. sectors are in favor and then they are out of favor,, Sector rotation plays into the hands of the market maker.. Run one sector up, cash in.. Sell short, rinse and repeat several years later.. It's truly amazing, If only I knew 20yrs ago what I know now.. When you fall in love with the right play and you ride it to the bitter end the rewards are great. How to find that one gem in a Thousand...Timing timing timing ..
I have no piece of FVL at present mainly because the way this is trading.. It is being held down on good news and the numbers suggest a breakdown... One thing to watch for is if 45 breaks.. a key pivot.. if it does you will eventually see 31 again.. Not b4 a 1000 trades getting there.. just saying.. and no I am not short this stock nor any stock... when this market returns this play will be a darling again and not b4 the MM is done with it.. the market got ahead of itself a year ago and now longs are paying the price..