WHIPSAW KID
The whipsaw kid rides again,
GOLD and SILVER are his bane.
When he goes long, they ring the gong.
when he goes short, they abort.
Up and down and around he rides,
nowhere to go, nowhere to hide.
With every commission he has to sigh,
with every loss he has to cry.
I lost my position went up so fast,
left me here sitting on my a$$.
With every bet I get the shivers.
All my nerves are torn to slivers.
I am the Whipsaw kid you see,
I’ll make the markets bow to me.
I make trades in cyber reams.
Only my broker gets rich, you see.
Just call me whipsaw, in and out.
It sounds sexy, but it’s a rout.
Don’t be proud you out there,
You too have danced with bull and bear!!!!
North©
Yes, the big breakout for NUGT turned out to be a big breakout for DUST. Of course, it could get whipped too. The first hour isn’t even up yet. One thing I’ve learned from all this whipsaw stuff: Zero is a positive number.
Yes, incredibly difficult to trade the PMs at this point. Just no direction except sideways, and very short bursts up and down.
yes sir North,never seen anything like it. If we could do the opposite of what our ta was telling us I believe we would do better.
4 day hs tp on gdx 30m, does that mean I should go long….lol
Gone fishing . ..seriously 🙂
The Whipsaw Song by legendary trader Ed Seykota:
https://www.youtube.com/watch?v=LiE1VgWdcQM
a bad day of fishing is better than a bad day of trading!!!!
Well I went golfing today and afterwards I listened to the whipsaw song and I was wondering if even Ed Seykota could make it work on the PMs recently. 🙂 But I did like the song.