May 2009 Archives
On the downside, Iâ€™m finally capitulating on my C trade. Iâ€™m selling my losing positions after sitting on a -80% loss. This will probably mark the bottom in equities. LOL.
You can follow my twitter stream to see what Iâ€™m doing in the markets daily. Twitter is killing my blog.
"You can model electromagnetic waves: a mathematical model that shows molecules of air moving around a plane, making it fly," he says. "But in a financial model, you need more than numbers. The models in finance are not very good. In this field, it matters if you're not psychologically synchronised; people don't behave rationally. You can't rely on people following equations. It's half maths and half human."Â [by Elena Moya]The moral of this story is that fear and greed will make you do stupid things.