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Steadily – Consistently – Systematically

by The MoleAugust 25, 2015

2015-08-25_trade_gone_bad

Oh boy – the horse-wash I have been hearing over the past few sessions deserves a category on its own and they should be giving out Oscar nominations for the most hare-brained mental masturbations. It seems the hamster is running in overdrive as justifications for blatantly bad trading decisions are literally crawling out of the woodworks, blaming everyone from the Fed, ZeroEdge, the Chinese, Russian hackers to the Easter Bunny. Without exception the one true culprit is being ignored, which of course is the very person who placed the losing trade in the first place.

Turns out that certain individuals, who should know better and shall remain unnamed, took it upon themselves to go massively long ahead of the weekend. Quite frankly I don’t even know where to begin. Not only have I (and a few others) repeatedly documented evidence pointing toward large scale distribution in equities over the past few months. But at minimum it should have been clear that market conditions were changing and that the bull market we had been traversing since 2009 had either ended or was limping along on its last leg.

But even if you ignore all that for a second – at minimum the sheer fact that intra-day volatility was steadily increasing was screaming at us from almost any chart. On a daily basis now we have been witnessing wild swings in equities, futures, bonds, forex – the signs of market dislocation were literally everywhere. Now taking out large directional positions is considered a fool’s bet in normal market conditions, but to take large risks in a sideways volatile market is tantamount to begging to be stomped on. If one insists on participating then the exact opposite should be done – hunker down and use small position sizing in combination with wide stops. Volatility now works in one’s favor as opposed to wiping out your account if you happen to be wrong. And the chance that you’ll be wrong in a sideways volatile market is the only safe bet one can take.

But all this is symptomatic of a much more serious underlying disease. Many retail trader don’t have a system and make discretionary trading decisions based on hunches and spurious trading ideas. I keep seeing a sole focus on taking entries instead of position sizing, campaign management, and most importantly self management. To once again quote Van Tharp: Successful trading is 40% risk control and 60% self control. In turn the risk control portion is only half money management and one half market analysis. Yet most traders emphasize market analysis [and especially entry taking] while avoiding self control and de-emphasizing risk control. To become successful traders need to invert their priorities.

What I find even more tragic is to see experienced long term traders with years of experience ignore very basic tenets of the trade and engage in what I would categorize as pure gambling. Not only does this lead to more addictive behavior but it can as quickly destroy one’s career and even one’s family as it can wipe out a trading account. Over the past few years I have repeatedly documented my journey as a trader and in particular have highlighted that small incremental gains in combination with compounding is the only avenue leading to a successful long term career in trading.

Now if you sat the past few days out then you may just regret that fact and kick yourself for missing a ‘huge opportunity’. As a matter of fact one of my readers here decided to ‘take some time off’ yesterday after he was unable to pull the trigger on a volatility long  play before the weekend. And you may guess what I’m going to say to that: Better wishing you were in a trade than wishing you were out of one. 

Clearly being able to act when the odds are in your favor is a big aspect of successful trading. But I ask you – are the odds really in our favor when market volatility is on the verge of exploding? You always hear about the story of the guy who was short before the market tanked (I actually held a small number of contracts but so what). The story you should be paying attention are the ones of dumb or emotional trading decisions in the face of mounting evidence that things are about to become unhinged.

So there is no reason to kick yourself over sweat over virtual profits you may have missed out on. I suggest you fade all the noise and excitement which you see circulating right now. That’s all yesterday’s news and although we may see more red candles what happens in between those big memorable days is where the real coin is being made. Steadily – consistently – systematically.

2015-08-25_spoos_LT

There is not too much to be said at this point. The obligatory snap back is in motion as I’m writing this and things are about to get a lot more interesting. Because what follows over the coming days will decide whether we are done here or if this was the first leg into a LT bear market. Clearly a lot of technical damage has been done over the past few sessions which is now on the books. Unless a small miracle happens we will most likely close below the monthly NLSL at ES 2023. At minimum however I expect a gap fill on the weekly panel – if we don’t even get this then we may be looking at a full scale crash situation. And that means – don’t get greedy – take out small positions. Don’t be that guy I described in my intro.

2015-08-25_NQ_LT

The NQ touched both the 100-week and 25-month SMA. May just be coincidence as it has very little technical value given that we haven’t touched either in many years. So price is going to have to do the talking for us here – what we need is more context. Absolutely follow the Zero – it has been invaluable over the past week – as usual.

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Cheers,


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • Ronebadger

    Better wishing you were in a trade than wishing you were out of one. (Worth repeating)

  • BobbyLow

    Mornin Folks.

    Excellent write up Mole. If I could add anything it would be only one word -PATIENCE.

    I still do not have any equity positions but instead of wishing that I was in a trade, I’m using my old stand by, “it’s a total waste of time and energy to worry about a deal that I didn’t make”.

    Speaking of patience, FBOW, I finally used some and instead of re-shorting the GBP/JPY after yesterday afternoon’s retracement, I got a much better fill at 9:00 AM this morning at 189.28. We’ll see how this one goes. I’m also watching the Energy Sector whch has been beaten up badly but it needs some MOMO to the upside or an upside failure before I even think about becoming interested.

  • OzarkHillBilly

    I remember a few years ago when I started to really find why I was screwing up when trying to be a trader, I talked to a couple of customers of mine who were semi-retired from trading in either Chicago and/or New York. Both gave me good grades for the entry points I’d take; one guy simply said he’d even give me an “A” on those but I just didn’t have enough entries to matter! Basically implying that I needed to do more than trade equities and then let go of trying to be “right” every time. Just get out and move on! The consensus was that my ego was too attached to the outcome, whether I realized it or not …… which was pretty silly given the tiny amount of thought I put into risk management and all the other things that Mole mentions in this post. You know, real work is required.

    Around the same time, I started paying more attention here and gradually these lessons started to take hold.

  • Ronebadger

    Can anyone explain this to me (other than a bigger drop is coming) How valid is this?

    http://www.mcoscillator.com/learning_center/weekly_chart/eurodollar_cot_says_ugly_drop_is_still_ahead_of_us/

  • Itslance

    Great post! I remember back around 2009 when I first started reading ES and I was the guy you described in your post. The first thing I thought when I saw the sea of red candles yesterday was “thank goodness mole & Scott beat some sense into me and my position is cash!” I’ve learned a ton from you over the years. Im glad to see BobbyLow doing well, and that he got his system sorted out. I remember we were both in the same situation in the not-so-distant past, so maybe there’s hope for me yet.

  • Billabong

    Excellent post Mole! Thanks.

  • Skidmarkalot

    Hi Mole, YES, I was one of those individuals you spoke about in your header this morning
    going long. As I had written you Friday, I picked
    up a few long Lotto Tickets looking for a short squeeze, short lived
    bounce. (Less than $200.00 worth of Lotto Tickets)

    I am a very small trader/gambler as you have described. I only hold one mining stock that I’m
    underwater in currently. I have a mutual
    fund that shorts the market. I’m very pleased with its performance.

    Currently watching mining stocks for another entry long.

    Great post as usual Mole!!!!!

  • evilasevildoes

    good points Mole per usual, now for a two day bounce…

  • OzarkHillBilly

    I don’t watch much financial “news” but I’ve had Bloomberg on some lately just so I can keep an eye on the market as I work around the house. I haven’t watched at all today, but the two themes I picked up last night were that it appears that they are blaming the recent down week on China’s currency moves and attempting to paint yesterday as a sort of flash crash akin to that day in May 2010.

    So, lots of BS as usual.

  • evilasevildoes

    Open gap around 1965-70 overhead as well.spx

  • Ronebadger

    China is part of the problem. The problem worldwide is DEBT. EVERYONE, from individuals to countries, owes something to somebody. Few can pay down, most increase debt, so devaluation will be prevalent…it’s inevitable from where I sit. The thing is, EVERYONE knows this and they all kick their respective cans down the road. I pray I’m totally wrong.

  • OzarkHillBilly

    The national debts will never be payed back. They can’t be payed back. But that game will be played until it can’t be played anymore. Just my opinion.

  • BKXtoZERO

    That was a far kinder stick over the head that Scott’s suggestion of phuck those people close down the blog, and as always read and appreciated.

  • Bob the Horse

    Back to the madhouse. This is where we will see if people remember the lessons of 2008. Not that I think this will be anything like 2008 but would echo Mole – stop wasting time trying to justify what you think. Spend more time worrying about what other people think – they have more money than you.

    The odds of what you think coming true AND everyone else in the market coming to the same conclusion at the precise moment after you put your trade on is incredibly low. So don’t have a set-up in which your trading success requires that.

    I don’t want to sound condescending but for me there are a few golden rules:

    1. Reduce risk exposure by at least the square of the underlying increase in volatility. I.e, if volatility doubles, risk must at least quarter. So quadruple the width of your stop, reduce sizing by 75% – minimum as the gap risk is also higher in these markets.
    2. Remember that – if you are betting on the downside in the equity market – that you are the enemy of the system. Don’t get greedy – whenever it looks its worst is precisely the moment that the risk of policy intervention is highest. No central bank ever stepped in to ban share buying after a 10% up day.
    3. Use other people’s stops as entries, it massively skews your risk reward. Sometimes you have to just judge this as you see it but often areas are easily identified, I.e. 5 ticks below previous day’s close. Amazing how many people will have sell stops there. Placing buy orders 5 ticks below this areas often pays and vice versa.

  • Bob the Horse

    Fact remains very few bears made money in 2008 as the short-covering rallies were beyond belief. People spent too much time focusing on the big picture forgetting the fact that they can’t handle the short-term. Can you handle the market going 10% against you in a trade? If not, why are you wasting your time worrying about what happens between now and six months time. Worry about what happens between now and the time you exit a trade. It’s an age old problem. I covered all base metal shorts earlier this month and people were moaning the other day because they were now lower – forgetting the fact that some of those days have seen huge rallies. The sharpe ratio of being short in the last couple of weeks has been horrible. And the Chinese rate cut tells you that it could not be a more dangerous time to be betting on the final leg down.

  • Bob the Horse

    Equities I would be very very cautious of being short when the Vix is as elevated as it was – to me that is a sure sign of a technical short gamma situation which is a) no surprise given how long it has been since there has been a major correction and b) has high odds of being over quite quickly. Far more likely – if the bear scenario is correct – is that you see a technical bounce back towards the highs but it fails just short – and most likely ranges around near there for long enough to exhaust everyone. Again – just like first half of 2008. Bull markets tend to die a slow lingering death unless they had a major motive last phase (eg Nasdaq 2000) which current SPX clearly had not.

  • Ronebadger

    also, we should keep an eye on a VIX buy signal…right now, working on Step Two

  • modanny1

    Hi Mole and Scott, just popping in to say thanks for all that you do. I assure you, your teachings and chidings are not falling on deaf ears! From a satisfied lurker and subscriber

  • CandleStickEmUpper

    From the looks of it, VIX is heading lower today

  • evilasevildoes

    This morning we have 17 new PnF buy signals and 2 new PnF sell signals with 1080 stocks to X’s and 15 to O’s! The Russell 2000 has a net 279 stocks to X’s while yesterday at this time was 240 stocks to O’s. Even though we had a major reversal yesterday, the rules of PnF charting permitted the addition of O’s yesterday but X’s may be added only after confirmation of price the following day (today).

    NYSE Bullish Percent close to 30% and a move below 30% and then back above it is buy signal! USD “bouncing back”!

  • Bob the Horse

    can I just say I upticked my own comment by mistake and now can’t remove it!

  • wandering196

    i have done that, try clicking on it again

  • Bob the Horse

    you’re right – i was trying to cancel it with the down arrow.

  • BobbyLow

    Been mowing for the past hour and nice to see GBP/JPY with a 187 Handle at this moment. This one has been known to have a correlation with the equity market from time to time.

    It’s still early so we’ll see what happens. In the mean time it’s back to my mower.

  • OzarkHillBilly

    I need to get outside and do some work as well. I’m about 25% into a big outdoor deck refinish/refurb project. But I’m just having too much fun watching the market right now. I’m all about hitting the inflection points and when things are moving so quickly, ya never know when an opportunity will pop up.

  • BKXtoZERO

    Should be Bob the Horses ass……… sorry I couldn’t resist. Just kidding.

  • http://evilspeculator.com molecool

    T.K. went long late last week – enough said.

    http://slopeofhope.com/2015/08/the-raging-fire-within.html

  • http://evilspeculator.com molecool

    Mining stocks – yuk – didn’t I try to talk you out of that?

  • Skidmarkalot

    Yes, I believe you might have done so. Didn’t I say I’m hard of hearing???? Actually, I’m in it for the long hall as I believe mining stocks will shine again. They are 10 percent of my portfolio.

  • Mark Shinnick

    What is blowing my mind are all the recent media talking heads advising to “do nothing”…the advise flooding through the environment before most human beings have even had their due opportunity to emotionally capitulate.

  • http://greenlander1.blogspot.com/ Greenlander

    “in particular have highlighted that small incremental gains in combination with compounding is the only avenue leading to a successful long term career in trading.” Took me a lot of hits to finally get this

  • Billabong

    Considering looking at GC 25 EMA as a guide … if it breaks, adios. If I may ask, which mining stocks? I primarily trade gold / silver / copper miners. Only one with a pending (not there yet) buy signal for my system is SCCO … for some reason my system gave HG a buy signal (it really needs to get through the 2.33 area).

  • BobbyLow

    It’s been 4 years 6 months, 26 Days, 4 hours and 16 Minutes since I’ve watched either CNBC or Bloomberg on TV. I am only a moment’s notice from having a slip and trying to have a sneak peak. I understand that Financial Networks and Financial News in General can make my life miserable. I must continue to stay away “One Day at a Time”. :)

  • http://pugsma.wordpress.com/denalis-turning-points/ denali92

    POST OPEX Bottoms since 2007 – what lies ahead?

    Having sold all of my longs yesterday at approximately 1950, I was expecting a re-test of the lows (or I should say the trade-able lows around ES 1850) for a couple of reasons. First, I remembered the multiple re-tests of the low in the Aug 13 post opex low and prior to the late afternoon slide, I was assuming that the liquidation of margin positions would occur overnight (like in Jan 15, Oct 14 and Aug 11) setting a bad overnight tone for the start of Tuesday’s trading – but in retrospect that occurred after 4pm when the futures slid an additional 20pts. (my BAD on the analysis and turning my PC off shortly after the close).

    Anyway, after reviewing the post opex bottoms since 2007, I discovered a few things.

    ·
    Post opex bottoms occur about 1/3rd of the time that there has been an opex bottom since 2007 (17 out of 48 opex bottoms). They have been exceedingly rare since 2011.

    What is interesting is that in only 3 instances did the post opex bottom really spark enduring extensive rallies (June 13, Dec 11 and Aug 10).

    The others almost all produced strong bounces in the context of the market price action of the time, but the rallies did not last that long (max 14 days) before new lows or a significant re-test of the lows that would have stopped out most traders occurs. (Jul 10 and May 10 were those two instances and both went on to make lower lows the following month)

    ·
    In forming the low, the low was usually re-tested at least once before the rally occurred – but this has happened less in recent times. There have only been 3 re-tests in the last 8 post opex bottoms. In total 6 of the 17 lows were not re-tested.

    ·
    All three of the August post opex bottoms (2010, 2011 and 2013) have had re-tests before rallying in to the last week of the month. (2010 was the last low before the mega fall 2010 rally)

    I must admit I had to do a full review of my data and the opex bottom history since 2007 to refresh myself. Normally, I know these things quite well, but a review was needed. Plus, yesterday was the most dramatic day post opex since the crash of ’87.

    Bottom line:

    -A retest of the lows – say ES 1870 during market hours is not necessary given the recent post opex history – though around that level or lower would make longs an interesting proposition

    -Whatever post opex bottom bounce does occur – it is unlikely to be an enduring rally, as of the 3 significant post opex rallies – June 2013 was above the 200 day after a short correction, while Aug 2010 and Dec 2011 represented higher lows after extensive corrective periods below the 200 day MA.

    Hope that is useful historical perspective. Ever interesting,

    -D

  • Billabong

    Did you block them on your TV channel set-up?

  • Mark Shinnick

    Yes!!! …its utterly terrible and potentially so polluting, yes – misery inducing babble feeding the vacuous misguided …..its been useful as a mentally tracked BS chart for some entries and exits that just happen to be correlating with my targets and ranges.

  • BobbyLow

    No but that’s a good idea. LOL

    Actually I think it’s been closer to 7 years or 8 years since I’ve had them on. I had already despised the financial media back in 2008 but it was too intriguing with all the bank bailouts and the games with congress etc. If I remember correctly, the majority of talking heads were wrong on every call. They were also wrong at the bottom in 2001-02. Cramer was most notible back then by saying he wouldn’t touch the market. But of course for him it’s a Buy, Buy, Buy at the tops of markets.

    Nope, I finally reached a conclusion that I might not know much but the majority of talking heads don’t know any more than I do.

    Besides, Price Speaks so Loudly, I can’t hear what any of these clowns have to say. :)

  • randomuser6789

    Bobby, congrats for staying sober for 4.5 yrs! Don’t fall off the wagon.

  • BobbyLow

    LOL. My actual sobriety date is 2/5/1987. That’s over 28 years. I can’t imagine the amount of money I’ve saved and the potential jackpots I’ve avoided over this time period. :)

  • BobbyLow

    Looking more and more like a failed rally attempt.

  • Ronebadger
  • BobbyLow

    Could be but I have to admit to being geometrically challenged. :)

  • OzarkHillBilly

    After many months of distribution, why would strong hands step in now? That’s what I’ve been saying to a couple of friends I know back home. Traders gotta trade, yo! Having said that, there doesn’t appear to be a lot of selling pressure yet.

  • Ronebadger

    They’ll be a real bounce, but from below Monday’s low…probably set up a divergence down there…in a few days?

  • OzarkHillBilly

    I’ve been wondering the same. Small caps not exactly playing along.

  • BobbyLow

    GBP/JPY now has a 186 Handle at last print. It would be nice to test yesterday’s low 183.28?

  • BobbyLow

    I think you’re right. If we are in a Bear Market we should see violent moves in both directions. What I would love to see is a failed Buy Signal and then a new Short signal of which I would then go short. Otherwise we could be in for a woodchopper where both shorts and longs get whacked.

    Of course this morning’s new longs and yesterday afternoon’s new shorts got taken to the woodshed today. I’m a little chicken shit to do anything right now with equities especially after banking a nice Forex Profit yesterday and working on a new Forex Profit that began this morning.

  • BobbyLow

    I don’t know. This is the second day in a row with over 300 Million Spy Shares traded. I don’t think we’ve seen that kind of volume in years.

  • Ronebadger

    not a triangle, apparently

  • BKXtoZERO

    I am reminded today of a young guy I worked with who flew off his bike at 100mph into the woods and hit a tree with his back. He was really into motorcycles and was a very good rider. He would scrape the ground going into turns and do insane stuff. He upgraded to a brand new bike that even had slip detection, he upgraded the exhaust and played with fuel system to make it even faster. In the end, he hit a patch of sand going around a turn at roughly 100mph, maybe more and went right over the guard rail and into the trees back first. He was phucked up big time, punctured spleen, collapsed lung, was out for a long time and never rode again. He used to chide me about my tires because riders can tell who leans into turns by how much unused area is at the edges of your tire. He called them “Chicken Strips” and made fun of me for it quite a few times. I rode within my limits and am still riding. I thought of this as a parallel to trading just now/

  • OzarkHillBilly

    I should have ended with “compared to yesterday morning.” But towards the end I really started seeing some option spreads start to blow out again. There’s definitely plenty of selling going on.

  • OzarkHillBilly

    Good analogy.

  • http://evilspeculator.com molecool

    The Fly is such a dick – I love it :-)

  • BobbyLow

    Speaking of Bikes, after riding over 60,000 miles on 5 Bikes and 1 Trike ranging from 500CC to 1830CC, I finally bit the bullet and sold my last bike about 3 weeks ago. I figured after riding all these miles without so much as road rash, and my own milage age wise, it was time to quit while I am ahead. :)

    Ironically, I got a call from a friend that I used to ride with in Florida and he told me that a mutual friend who rode with us and is even 2 years older than me, went down in the passing lane with his wife on the back last week. They both ended up in the hospital and he was hurt the worst with a concusion, boken bones and almost died.

    But back to my situation, I could feel that I was beginning to lose my nerve and I knew it was time. . .

  • captainboom

    A good rider perhaps, but not a smart rider. Riding at the limit like that should be reserved for the track. It’s easy enough to get track time, and to be mentored by other, better riders. A good analogy.

    Wise choice @BobbyLow:disqus. If you are no longer comfortable, it’s time. I think the risk of street riding has gone up significantly in the past few years. I’ve noticed *many* people texting on their cell phones while they drive. It’s definitely slowed me down when there’s traffic around. It’s already challenging to be seen. Dumb bastards are making it even more difficult.

    My avatar is me riding The Dragon (US-129) in 2012. I arrived in the afternoon, and took it easy due to riding most of the day. That morning, a guy slid off the road into the trees, and a branch punctured his lung. He died. It’s a great road to ride, but there are about a dozen killed each year, largely due to a failure to properly manage their risk.

  • Mark Shinnick

    :)

  • SirDagonet

    I told Bobby to get one of these:

    http://litmotors.com/

    I’m only half kidding… I’d love one of them myself…

    Mole, OTOH, said at that price, he could buy a real car… he’s such a “pay attention to price action only” kind of guy…

  • OzarkHillBilly

    I grew up riding and sometimes racing dirtbikes. The guy that mentored me always said that the reason he mostly kept his riding off road was because trees can’t jump out in front of you.

    Surely enough, I was riding my crotch rocket down the road when I was 21 when a drunk driver pulled out in front of me and ended the career I had been planning since I was a kid. Ended up with permanent nerve damage and it may have even resulted in other health issues that have come to light recently.

    Only so much risk can be managed. But I still love motorcycles!

  • SirDagonet

    then you need one (below) also!
    Hey, maybe I could sell a few of these…

  • BobbyLow

    That’s awful Billy.

    It’s amazing that the most danger riding a motorcycle comes from drivers of cars and trucks and not the actual rider of the motorcycle.

  • bullethead

    He is still funny as hell – “Can’t get long when oil is crashing through the floorboards, you fucking morons”

  • BobbyLow

    Funny you mentioned texting while driving. On more than one occasion, I’ve seen people texting in the left lane driving 40 miles an hour with traffic backed up behind them. When I see that, I have a very difficult time controling my road rage because I would like to drive them off the road and beat the shit out of them. :(

  • OzarkHillBilly

    His choice of pics to display with his commentary always puts a smile on my face.

  • mugabe

    I watch a bit of bloomberg now and again but I’ve come to realise that when they talk about the future, it’s all personal conjecture and not in the slightest bit actionable

  • http://evilspeculator.com molecool

    No way – I’m not pedaling.

  • http://evilspeculator.com molecool

    Just riding my little moto through town here in VLC. Careful as hell as the crazy Spaniards don’t really care about anything on two wheels. Had one guy in a truck bump me once because he was getting impatient to make a turn onto the main road. I was tempted to pull him out of there and beat the shit out of him.

    One of the biggest issues I’m seeing is that motorcycle and moto riders are completely insane here. They weave, speed like crazy, and in general take risks on a constant basis – especially the young kids (big surprise). I’m pretty paranoid in comparison but am still trying to ride safer. You know how it is – it’s hard to cruise along with 40 mph when everyone is zipping past you.

    Worst thing however is that everyone is wearing open helmets – it’s the heat I guess. 40% of impact zones on average are in the face – so open helmets are simply no option for me. The one I bought has air inlets and is super comfortable:

    http://www.nzi.es/producto/cascos-integrales/city-road/street-track/?lang=en

    Was €130 Euro and it’s got excellent air circulation – used it once when it was 50 degrees Celsius in May and I was actually comfortable.

  • Skidmarkalot

    I quit riding this spring when my riding buddy dropped his Harley. I felt it was time. I have had 3 motorcycle accidents, one was pretty bad. I used to ride the center line asking, daring on coming traffic to come close. Thank God no one ever did.

    Bless you as you have survived.

    Off to the Boston Mountains Friday for some hill top viewing fun.

  • BKXtoZERO

    Since I got everyone talking bikes on a trading blog during a historic market crash, here is me on my Blue 1986 GSXR 750 taken by friends near Mt St Helens.

  • BKXtoZERO

    and, here is my RED 1986 GSXR 750. I couldn’t decide on color so I got one of each.

  • BobbyLow

    That looks like an excellent helmet.

    I have lived in the south for the past 17 years and have ridden mostly in shorts and a T-Shirt which by itself is a no no from a safety point of view. However, I always rode wearing a good helmet. When I lived in Florida they repealed the helmet law and a lot of guys rode without one. It was tempting but I figured that I could deal with some serious road rash but not with a serious head injury.

  • captainboom

    Nice head turn. Have you taken the Advanced Rider Course that the Motorcycle Safety Foundation offers? Pretty good course for road riding. Done on your own bike.

    http://www.msf-usa.org

  • captainboom

    I always wear a full face helmet because of the high chance of impact on the chin. Here’s a link showing impact percentages from actual crash data.

    http://www.cdc.gov/motorvehiclesafety/mc/guide/prevention.html

    This one is also good, with more detail on how the data is used.

    https://clas-pages.uncc.edu/visualrhetoric/projects/illustration-video/safety-in-numbers-dietmar-ottes-motorcycle-helmet-impact-diagram/

    I have a picture of one of my son’s co-workers who crashed without a helmet. I’d post it here, but this is a family site. He’s extremely fortunate to have survived, as he has a large cut through the top of his scalp down to the bone. He was off work for over a month. My son tells me that he’s now a helmet advocate.

  • captainboom

    Nice. I have my eye on the BMW S1000RR once I make my millions. I like the red, white and blue paint scheme.

  • BKXtoZERO

    who is “The Fly”?

  • BKXtoZERO

    Never had a course, I’ve just ridden since I was in 6th grade on dirtbikes, then street bikes since 17. I did read a book on advanced sport bike techniques and that guy that crashed taught me a thing or two prior to crashing 😉

  • Scott Phillips

    I like him too. He’s not a good trader, but he’s very smart, has huge balls, and writes terrifically. I also make it a point of balancing my information diet with some bulltards

  • OzarkHillBilly

    Hwy 7 and Hwy 23 (might still be partially closed due to landslide) get all the mentions, but Hwy 16 is my recommendation if you want to see the backbone of the mountains and modern-day hill folk. Just don’t be in a hurry, as Clinton to Fayetteville is full of twists and turns. Plenty of small hikes and extra sights right off of Hwy 16 through the National Forest as well; Alum Cove, Glory Hole, pestal Rocks, etc.

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