The worm

Patience can be rewarding at times. Just an update that AMED is nearing the 42.50 target price (41). Not sure how much more it has left in the short-term though. If it does reach that $45 I'll be breakdancing like Turbo and Ozone in Breakin' 2 Electric Boogaloo... [addendum: buying protection right here, can't be foolish. I'm not certain this isn't the end of the road.] ``Sell your losers and let your winners ride...'' It's not about the success rate in your picks. It's about the profit factor. I'll take 0.500 success rate and a 2.0 profit factor every day of the week.

This is a huge winner for me (options) even with the wasted protection. Might be time for a little Breakin' away from the markets... There are usually two cycles for the trader: The Payout and the Payback cycles. Identify the areas where you are most prone to enter the 'payback' cycle and you will increase your P/L. Having "basic" knowledge of E-wave has helped me identify those spots.

I just tried doing the worm and my voice is a little high-pitched right now. So instead I'm going to watch the video. I'm still not quite sure why I watched this movie growing up...Check out Kelly's digs.

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Random chart du jour.

[addendum] EFA is a no go for now. It's acting like it's targetting 52. Therefore I must wait.