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April 20, 2005
The crystal ball, Wed., April 20, 2005, 4:04 PM
Now and then my crystal ball is really clear. Today was one of those days. I don't know why.
I take my cues from the market, and I try to pass them along to you so that you can see there is no witchcraft involved. I used to be called the Trader Wizard, but the mail I received was starting to get a little eerie.
Now I just call myself, me. Fortunately I didn't throw away my broomstick.
A young reader " probably a student " wrote to ask me how he could learn to do what I do. He wanted to know if it took a long time.
All I could say was it would have taken a lot less time if I had had the good fortune to be learning from me. But, there was no ‘me'.
So I had to learn the hard way.
I have learned a few things, and I hope you are learning a few things. The latter is of course why I write this blog.
Posted by Posted by Bill Cara on April 20, 2005 04:05:21 PM | Category: Cara Today in the Market
Discourse
You my friend need to practice what you preach!
just two days ago you quoted sam walton about not bragging and letting his record speak for itself:
The worst managers are the ones I think who are full of themselves. When Sam Walton was alive, did his ego ever cause him to send out ten news releases a day telling us about the new “dream� stores he was going to build in four years, or did he just do it, and stand on his record?
The record, my friends, should be all you listen to. The rest is storytelling.
Then you post this crystal ball bull5hit, so what the dow 15 minute chart brokedown. Where is the crystal ball in that? Where was your broomstick or crystal ball the next day, you got your a55 ripped for 200 dow points.
Now i know you don't trade for one hour or one day, maybe even for one week, but you are quick to rip cramer if he gets something wrong in a week (even though he invests for at least a couple of months). You got ripped and i don't see you talking much today, where are the ka-chings!
Posted by: eric lopez at April 21, 2005 5:12 PM [link]
Amazing! It is very interesting to read your blog everyday - unfortunately, I am not in intra-day trading but it appears that traders can actually make money out of your calls. Thanks.
Posted by: Rick at April 21, 2005 1:02 AM [link]