Let's Start With Grandpa

Let's start with Grandpa. If you remember, I ended the commentary yesterday with the story about the lady with the suicide in the family. The "mental illness" stigma that has surrounded her family from this suicide, and how it has affected her, long in to her adult life, are prime examples of FALSE FACTS and how they can influence behavior, and in our case, the market.

This woman recently found out the true fact: that her great grandfather had a stroke, at 59 ( a ripe old age at that time) and killed himself to not be a burden to the family. The son, her Grandfather, had been an young adult member of the family that dealt with this in the mid 1850's. The fact is that there WAS NO STIGMA. No emotional problems, no deep seated schizophrenia, and this family was able to build into their family drama that "Great Gramps" had committed suicide.

All of us have this in our families, in our lives, and our emotions in trading are "emoted" by the crisis we are currently in, where in the cycle, and how we are handling it.

Remember, every one of us is always in a crisis, coming out of a crisis, or headed for a crisis.

The lady with the illness that permeated and stigmatized her family for years must have been affected in some way by this "false fact," and that she could somehow be "affected."

Think of how, and what, not why, as you trade. Why is not a good question.

Traders were rewarded yesterday with profits on both puts that had been recommended. The June 420P, for example, was available for as low as 8.80, below prior day close, and sold to highs of 12.30 by 2.30 p.m! The June 385P, on two buys, was also profitable, leaving us winning three for three so far this week, and staying close within our Dow projections.