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I just registered yesterday so that I could see for myself what MM open positions were and for how long he had been holding them. Being completely fair in all respects he has had a number of gainers, most within the time frame of holding for 1 to 3 months. That's great if that is your discipline or strategy. I've always felt that any pre-planned or thought out strategy is better than none whatsoever no matter what it is. The problem I have is with the number of open positions he has been holding for quite some time. Some of them are big losses and I have to question the logic in leaving the capital in those positions in the hope that they will eventually move back up to his entry point. Also I feel that not including them in the overall results, % of gains or losses, just because he hasn't closed them out is just a way of denying the truth of the matter and doesn't justify the truth of the matter. Anyone can rationalize whatever they want to in any fashion. They are the only ones that understand the real truth of the matter within their own minds. If you had 80 trades and 63 were winners and 17 were currently open but on the minus side with that capital being tied up an no indication as to when or if ever it will recoup then would you be happy with that side of the portfolio? Never mentioning it alongside the 63 winning positions doesn't dispose of the fact that there's a negative side to the equation along with the positive. So to be fair to everyone wouldn't it be more equitable to disclose all of the information regarding the portfolio.
I've been on the negative side of the dialogue about MM since he first started posting on the IBD forum. I think that it's mainly due to the way he comes across. I've come to some degree of dealing with that side of his personality. The truth of the matter is now that I have taken a good look at his site I must admit that I'm impressed with what he has put together here. I'm big on people accompolishing and doing things regardless of my own feeling towards them. Aside from the egotistical rants and raves in his posts on the IBD forum I can now see that there is more to the story an the individual than the superficial hype in his posts over there. Now that I'm a registered site user he'll have to put up with what I've got to say about his trades and money management. Situations like this usually end up in a positive manner when intelligent openminded individuals absorb one anothers ideas and feelings.
I've been on the negative side of the dialogue about MM since he first started posting on the IBD forum. I think that it's mainly due to the way he comes across. I've come to some degree of dealing with that side of his personality. The truth of the matter is now that I have taken a good look at his site I must admit that I'm impressed with what he has put together here. I'm big on people accompolishing and doing things regardless of my own feeling towards them. Aside from the egotistical rants and raves in his posts on the IBD forum I can now see that there is more to the story an the individual than the superficial hype in his posts over there. Now that I'm a registered site user he'll have to put up with what I've got to say about his trades and money management. Situations like this usually end up in a positive manner when intelligent openminded individuals absorb one anothers ideas and feelings.
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