The 800 LB Gorilla...
Posted by
Jeffrey Ziegler in
Uncategorized on
February 1, 2010 |
4 Comments
I recently saw an 800LB Gorilla scare the living daylights out of a Corporate KingPin.
Here’s what happened.
The other day I’m sitting in Panera Bread Bakery, enjoying a hazelnut coffee and chowing down on a “power breakfast” sandwich.
I like it there because it is usually pretty quiet. So it is a good place to escape and really dig into the charts to find that “buried...
4 Responses to “The 800 LB Gorilla”
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Hey Jeff,
I don’t know much about trading, but this was one heck of a post. There are far too many “so called investment advisors” who are doing this kind of thing.
This sure does make you think.
More importantly, it reminds us of the importance of due diligence.
Good thoughts Jeff! Drawdown recovery is the MAIN issue for anyone trying to rebuild an investment portfolio.
Jeff B.
Hi Jeffery,
I like this piece because I often think I am unable teachable by others do to my rogue nature. I have traded the stock market and the forex market. So considering how big my opponent is for part of 2009 and 2010 I have had to stick to my style of trading. Which I call chip and go. I don’t hold on to anything in life except family. So far I have seen a little profit consistently. But I am comfortable. I watched my friends tank boat loads of money during the recent crash. But my style of trading saved me and my son thousands of dollars. Why? We considered our opponent the cooker of books on wall street and some of the unscruplous forex brokers.
This piece makes me feel good for attending webinars and reading since I don’t watch t.v. in regards to the market as a whole. Because nothing is as it should be.
thanks for hearing me out
This topic makes for great debate. This ties into Jeff’s first posting about “Change or Transformation.” While making permanent change can be difficult I would disagree that it has to take time.It just takes enough reasons.Let me explain; Say 2 people are trying to give up smoking, we’ll call them smoker A and smoker B. Why is it that smoker A can put the cigerette down and never look back while smoker B puts the cigerette down but constantly struggles between the addiction, in and out of rehab, and tries all of the gimmicks available? Well, the answer is smoker A changed his/her “identity” while smoker B only changed his/her “behavior.” This is what Jeff was talking about when he refered to people going to the gym early in the year but giving up shortly after. To make an identity change, a permanent change, one has to relate more pain(reasons) into not changing than to the pain of staying the same. If you look in the mirror and say to yourself,”I only have an extra 10 pounds of “love” to lose, then that 10 pounds will always be there. Now if you look in the mirror with your shirt off and grab the 10 pounds around your waist and mash it together so you can really take a good look at it and say,” look at this!, this is disgusting!, repulsive!, and not sexy!”, then you are creating in your mind more reasons (pain) into not changing, then to your present state. Our minds are programmed to seek pleasure and avoid pain in everything we do. So it’s what we link to pleasure and pain that makes the difference. If one is trading options with only a behavior change and not an identity change, that trader will forever struggle and will eventually disappear. (sorry for the length of this posting Jeff)