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Do you only short the market ?

Being a trader is ONLY a part of who I am. I have many roles in life, as a parent, a son, a neighbor, citizen , consumer, etc.. I have no clue on how my trading impacts this world. For me, it is only a way to earn money and this enables me to be, from a financial perspective, a better parent...

It is my understanding that QQQQ, as an ETF, is not a stock per se. It moves up or down only according to the moves of the 100 stocks this ETF is made of.

What do you believe, then, S2007S ?

OK, just voted yes to the poll !

Some short are getting squeezed, here. Namely, the crowd shorting the "manipulation" of the rallye pre-elections.

I start wondering if Thorn, like some people betting against their own team, is not actually long the market ! If the market moves up, he makes money, if it tanks, it earns high regards from the ET crowd !

As Clausewitz explained very well on Information in War, "a great part of the information obtained in war is contradictory." So for the sake of balancing this quote from EqtTrdr, the following shows that it is not that clear, that there is no fear in the market. LONDON (MarketWatch) --...

You must be nervous, Thorn, to be so picky ! We all understood it is a not the all-time high but a multi-year new high, nethertheless.

Yes I do think that many traders have the psychology of the gambler at the casino. They like the excitement of day trades. This is in this area that I think there are a lot of failures. Day-trading GOOG must be fun, not sure profitable for many.

I am no "market wizard" by any stretch of the imagination, but it is possible to make money with systems which buy/sell at the open. My trades last 2 to 5 days and I prepare and place my trades in the evening for the day after (Good till cancaelled). I trade 2 systems like this, with a total...

Interesting to see the TRIN at 1.50 with markets practically unchanged. Any comment?

I don't know who is right/wrong, yet. Just think it is premature for Thorn to claim victory, ala the unfamous "mission accomplished".

Still 32 trading days left in 2006. A little premature for claiming victory ! We'll see.

I just hope you will NOT make your decision based on some anonymous advices on ET. So much depends on your age, family status, and above all personality. We are all different here. Expect all kind of answers.

Yes, big battle at those levels, between bulls and bears. Semis are weak despite some strength in other tech. stocks. Something has to give.

For the sake of clarity, it is more "tax deferred" than "tax free". Also, except for these two possibilities of higher differed taxes and deductibility of health insurance, a simple Schedule C allows yoou to deduct all your trading business related expenses. No need to incorporate just for...

I would be very suprised if the markets would pay more attention to a quite expected result (Dems leading in Virginia, old news) than to the Cisco's earnings. As far as the talking heads, well, let them ......talk.

Yes, men's ego is a major obstacle to trader's success. On the other hand, we never really know how those calls are actually traded. Sure looks like evolution theory is right after all. Just go to a zoo and watch the gorillas!

What a way to "jinx" your trade ! Still too close to call , to remain in elections night mood, but the double top formation not here yet. As usual, we will know after the fact.