Listen to Cranky Old Men

For most of my life I've been looking forward to becoming a cranky old man. I figured it was a reward, indeed a right, for all I've gone through in life. It is, the final destiny.

I knew many old cranky men when I was a kid. They seemed to always know what type of person someone was (“that guy's an idiot!”), what the weather was going to be (“my joints are aching”),  how just about anything was going to turn out (“watch this idiot…”), and the proper words to describe any situation (<expletives deleted>).

If nothing else, my practicing for cranky old-manhood instilled enough apprehension in my spouses such that I was given leeway to do all sorts of things in my life, like writing trading newsletters at 4 in the morning.

As I'm nearing my “golden” years, I have been practicing to be a cranky old man. I've taken up cigar smoking, mainly to practice standing out on my deck and yelling out to imaginary kids “Get off my yard!”. I didn't realize how hard it is to actually bellow out something like that with a cigar in your mouth. It's taking so much practice, I've cut down to $2 cigars instead of the $8 ones until I get the hang of it.

Cranky old men just seem to get ‘feelings' about things, and darned if they aren't usually accurate. It's probably just experience talking.

I feel I'm on the cusp of cranky old-manhood because more and more when I get certain foreboding feelings about the market, they seem to come true. In recent years, I've learned to trust my intuition. If nothing else, it makes me more conservative and that is seldom a negative for an active trader.

Right now, my intuition is making me uncomfortable. Biogen, Berkshire Hathaway, Clorox, Disney, even Johnson and Johnson are continuously setting new highs. The sky's the limit.

But sunny skies can quickly turn into downpours. Having stared at charts with little green and red bars for more than 30 years now, all I can say is “this market's an idiot!”. Take profits, trim positions, buy protection, consider shorts and other bearish trades, and enter only smaller new positions.

Go out and buy a bottle of Maker's Mark or a case of a good Bordeaux (and maybe some of those good $8 cigars), and aim to be more of a spectator than a participant over the next several weeks. One of the best ways to increase returns over any 12-month period is by knowing when to cut back, sit back,  and wait for better setups.

Listen to the newest member of cranky old manhood. And get off my yard.

Of course, there's much more you need to know and many more stocks you can capitalize upon each and every day.  To find out more, type in

By Gregg Harris, MarketTamer Chief Technical Strategist

Copyright (C) 2013 Stock & Options Training LLC

Unless indicated otherwise, at the time of this writing, the author has no positions in any of the above-mentioned securities.

Gregg Harris is the Chief Technical Strategist at with extensive experience in the financial sector.

Gregg started out as an Engineer and brings a rigorous thinking to his financial research. Gregg's passion for finance resulted in the creation of a real-time quote system and his work has been featured nationally in publications, such as the Investment Guide magazine.

As an avid researcher, Gregg concentrates on leveraging what institutional and big money players are doing to move the market and create seasonal trend patterns. Using custom research tools, Gregg identifies stocks that are optimal for stock and options traders to exploit these trends and find the tailwinds that can propel stocks to levels that are hidden to the average trader.

Be Sociable, Share!

Related Posts


MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The educational training program and software services are provided to improve financial understanding.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.