Recent content by SmithTheTrader

CIT gone ..bull trend gone ??? Anyone disagree ? :confused: :confused: :confused:

Correct me if I am wrong, when you setup a position that been "resilient" to the loss, this normally also translate into the meaning that postion also has "resilient" to the profit .. We always have a double edge sword .

I normally don't do adjustment but just let my IC either hit my profit target or stop loss. The reasons - more adjustments mean more commissions + bid/ask spread, and the market could reverse after you make the adjustments and in this case you will get double hits (see the March/April). Bottom...

The market move up in almost a straight line again for this month, and bull today with another 200 points even with all the bad news (flu, GDP..), interesting ! ..and good luck to all the IC traders :mad:

I covered my short call IC this morning when the market dip down with a loss of 2-3 % in my account. I don't really have any intention to stay any longer in this crazy market, as it seemed the market ignore all the bad news (GM) and the only intention is to move up.. :mad: :mad: :mad:

Apologies, What i mean is the market keep on moving up for ~25% in weekly basics since 10 March until last Friday. And in last Sep/Oct, the market has tanked for continous 5 weeks (if I recalled correctly). In either case, both monthsare not very good for IC traders (except you buy those...

All, Technical and Fundemental is NOT the real push behind the equity market, but is the sentiment. Due to wahtever reason, all the "bad news" became unavailable to public (like the stress test result from the bank) and we suddently have a lot of positive news emerge like so called...

you are much mistaken this time... with all the side line and cheap money around, what you think the market will go to ?

So you recalled any month that has nearly 25% up without any falling weeks ?:confused: :confused: :confused:

http://online.wsj.com/home-page Regardles what is the "real" impact of the stimulus package to the market - but I think those bull will take this BS news as another excuse to move the market up for another 200 points in Monday ! Why we have so many those so called "bull buyers" this day...

TA don't work everytime, especially in this crazy market wheer the support/resistance could easily being broken by bullshit news -example, there is a builder in monday come out and tell the whole world they "see" some good sales "in future" even they record the worst ever lost they have in the...

IMHO, the market up because too many side line $$, and WFC "good" news give them a best excuse to get into market even we all know it is a BS good news. Also, we have too many free and cheap money in the system. :D :D :D