Recent content by Sean McLaughlin

Good to see a sudden turn in the market reviving interest in this thread... I've been managing a straddle that was put on about three weeks ago. The increase in vol has certainly helped.

Finally, an anecdote to which we all can relate. :)

Excellent reminder of this, thank you.

Ok. Got it. Jack Hershey sucks. Moving on.... More discussion on how we are going to capitalize on the next big downdraft.... Not looking for market predictions, just constructive ideas of what to do and when to know when/how to step on the gas.

Big Mo, I'm not really attempting to make a prediction or trade on my principles. I am objectively looking at the rally since its March 2009 start and simply stating that STATISTICALLY chances are higher (than average) of a significant market pullback. I'm just looking at the...

I think we're starting to get a bit off topic here. Let's re-focus: We may all disagree about when it will happen. But as sure as morning follows night, this market will SOMEDAY turn around. And the longer we have to wait for it to happen, the more quick and violent it will be. What are...

I should mention that I don't mean to imply that John McCain would've been good for the economy or even a good President.... but considering how things are turning out, he certainly would've been the lesser of two evils.

Let's hope the market is this administrations' undoing, just as it was to McCain's campaign during the final months of the 2008 election.

All-time highs? Or Rally highs? If you mean rally highs, then yeah...that's easy. It'll probably happen today or tomorrow because all this market ever does is go up everyday. If you mean all-time highs, you might be a little crazy...but I like where your head is at :)

You very well may be right. But you've got to admit that *statistically*, the odds have got to be in your favor if you start leaning to the short side now. I certainly don't suggest betting the farm here. I'm simply looking to wade in slowly, and wait for further confirmation before...

This is the craziest stat I've seen in my 12 years of trading. And part of what's fueling my growing thesis that the end is nigh....

You might be on to something with this....

Interested to get some thoughts from traders here on ways in which you are preparing to profit from the eventual market top that we are getting closer and closer to every day? I don't know when that day is coming. But we are most likely much closer to the end than the beginning of this rally...

That certainly can be the cynical way to look at it. The point is, if you have a well thought out trading plan that has an edge... your focus should be on executing your plan to the best of your ability. If you become an expert at executing your plan, the profits will take care of themselves.