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.

Memberships are $10 monthly, $20 quarterly, or $65 annually. The cost of two premium coffees per month. Every membership helps finance the travel to write, photo, and film from interesting places and share the experiences with you.


  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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