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Wednesday, October 27, 2004



Nearly a carbon copy setup as yesterday's springboard monster up day. Price bounced off the converging ma's along with a ZLR of converging CCIs to go long. I got it again, and this time I got more than a scalp, as I played it with a runner for +21 ticks total. Definitely got out of the runner too early, as it ran comfortably the rest of the day, but oh well. Gio moderated today and she nailed it perfectly, of course. Another +100 tick day for her. I wound up 3-1-0 for 20 ticks, so the rest of my trades were a wash. My loss was anticipating a ZLR short, but with the Fisher clearly heading up, I should've sat on my hands. The purple 70 CCI (my own invention) was above the zero line all day, meaning the trend was up and longs were in order.

Wonder what's happening with this market? Maybe it's the Saudi Royal Family (crude was tanking) and the PPT joining forces for a final "Save Dubya" push.

Damn, it's hailing in Los Angeles! This is like The Day After Tomorrow with the weather all out of whack. My fig trees are getting pelted. Never seen anything like this before.

Today was only a half day for me as my baby fell off the bed and did a face plant. He was freaked out after that, and so were we. He's got a Dr's appointment tomorrow. Not for that, but to get his first flu shot. They give babies flu shots in 2 doses a month apart. Still no flu shots for mommy and me. We'll have to ask around for that nasal flu mist thing.

Interesting thing in chat today was that calm, cool and collected Gio got all riled up. A guy who's another old veteran of the room going back to the paltalk days got inexplicably short the YM at 9886, which unfortunately was very damn near the beginning of the pop up for the rest of the day. Then as the YM was rising he was posting that he was adding to his short at 9896, 9906, 9926, etc. It was a typical "old fearless" fuckup maneuver and I felt bad for him. Gio chewed him out and asked what the hell he was doing posting trades that had absolutely no connection to anything Woodie teaches. All he could say was that he'd explain his strategy later. He slinked out of the room, and I hope he got out of that trade immediately afterwards because we closed up 105 ticks above his initial short and he was slapping on additional contracts like they were going out of style.

So what the hell was he doing? I don't know, except letting his "hope mode" and "prayer mode" and "dammit mode" emotions get to him and messing up. As I said, he's a Woodie vet. Just yesterday after the close, he took the mic in chat to explain some of his YM trades, and now he's a room pariah with Gio publically ripping him a new hole and newbies joking about him after he left. That sucks for him. Just goes to show you the importance of discipline. Even the best traders can have a doozy of a lapse.

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