Search results

We will be trading much lower in a couple of days. I am sure a lot of shorts will cover on this news but once that is done, the market will gravitate back down towards 1300 by Wednesday/Thursday.

I think we're going to squeeze higher into the close. I would cover before 2 PM if I were you.

He was a failed Turtle Trader, and is now selling the turtle trader system which is just a 20 day or 40 day breakout system on DVD for $2997.

No, the bonds are rallying because everyone and their mom are putting their money in bonds. Stocks are hated. All the inflows go to bonds these days. And Banana Ben keeps buying bonds with printed dollars too. How can they can they go down in that kind of environment?

There are quite a few bad trading authors/educators out there, I just wanted to point out a few who make more money off selling books, educational material, and subscriptions than actual trading. Books by charlatans: Trend Following (turtletrader.com) - Michael Covel The Art of...

I expect a gap down. The market is still too high, still up for the year! Are we in a better position now, at 1275, than on Jan 1, at 1260? I don't think so.

Unless you are trading huge size, there is plenty of liquidity in the Dax. Bid ask is tight as well. It is also a really big contract, so You wont need to trade as many contracts. The ES is really too small a contract, the S&P contract was perfect, CME scammers dont want to make that all...

I always trade better during bear markets. You get a lot more volatility and faster moves. Trading bull markets puts me to sleep.

If you are going to short, probably best to wait for the close. Looks like a strong trend day just like yesterday.

I agree with John Taylor. The U.S. will have a sovereign debt crisis before Japan does. Trade deficit, exploding budget deficit, a disaster waiting to happen with a heavy reliance on monetization to keep the Ponzi scheme going.

Traders day trade because they think its easy and a fast way to make money. I mean, if you can take a few points off the ES contract every day, with compounding, within 30 days you'll be rich! Another excuse is that with daytrading they can avoid overnight risk. Well, with risk comes...

Just another example of a fund manager who talks the talk but doesn't walk the walk. He totally missed the ball on the China slowdown and how it affects Japan. Japan is a huge exporter of high end machinery to China.

Interesting that you bring that up. I made a post on this selloff feeling like a bear market in my blog today. Bear Market Prelude This is bear market action. Something feels different this time, the fact that we don't capitulate, we drip down in drabs with traders playing for a...

I usually think these Black Monday calls are nonsense but this time, it's very possible, if the ECB doesn't do anything over the weekend.

2B is nothing these days, its like 2M was in the early 1900s. With all the money printing, you really don't impact the market until you see trillion dollar losses. Yes, trillion. I mean, look at the Fed, you don't see them doing 2B QE, you see them buy 1.25 trillion MBS, or expand their...

This thread is interesting just to see how a trader deals with the ups and downs. But as his account size gets smaller and smaller, there is much less excitement here. I want to see those +/- 50K weeks, not +/- 5K. With a shrunken account size, the thrills are missing from this thread...

I think you should change your handle to AverageUp or maybe NeverTakeLoss. LOL.

Is there a core strategy here? Is it shorting stocks that gap up? Is it going long stocks that gap down? I always wondered what made him decide to buy or sell stocks/options. It seems like all neke does is fade moves and trade countertrend. Now, that can work but doing it blindly is a...

Brent crude oil is in deep backwardation, so it is trumping any seasonal tendencies for gasoline prices. Since last year, gasoline has much tighter correlation with Brent than WTI crude.

Surefire contrarian signal. I should have seen the post earlier, I would have loaded up on stocks!