You must do the things you think you cannot do.

- Eleanor Roosevelt

Monday, February 1, 2010

Subjective

Playing the man/market means ignoring the underlying reality of the situation and going for the underlying psychology of the situation. Who cares if supply and demand do not reflect the current market value? Who cares if you only hold 23o? Get them to fold at the wrong time. Sell to them at excessive prices. Let fear and greed rule the day. And embrace the subjective experience.

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