That’s a neologism I’ve recently become acquainted with. Traders in the stock, options and futures markets use it to refer to those who violate their own trading and money-management rules and either enter or hold a losing position on no "basis" but that of hope.

"…or, you could just take the hopeium and see what happens."

When I heard of the pacifist rescue story today and read Billy’s blog on the subject, amongst other thoughts, I was just trying to figure on what most fundamental basis these people operate. And that’s what I thought of.

Billy — Ok, I get it; the distinction.

And, speaking of trading–to answer the emails–I’m busy at a conference in Sacramento at the moment but my March Report Card will be up in a few days.


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2 Comments

  1. EKENYERENGOZI MICHAEL CHIMA on March 24, 2006 at 06:31

    Well Tom Fox did not die in vain.

    God bless.

  2. Francis W. Porretto on March 25, 2006 at 08:48

    Myself, I would prefer the "blue pill."

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