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  1. W

    If there's a buyer for every seller,why isn't there a bull for every bear ?

    30 to 40 years? try the HISTORY of the US equity market there has NEVER been a 20 yr period in history where dollar cost averaging (long obviously) into the indexes has not resulted in a positive return. in most cases, a pretty good positive return that trumped most other asset classes...
  2. W

    Daytraders: Limit Order Vs. Market Order

    you are confusing terms "You hear all these ANTI immigration idiots saying" very few people who are for enforcing of our immigration laws are "ANTI immigration" they are anti-ILLEGAL immigration i am FOR immigration i am against illegal immigration, and FOR enforcement of our laws...
  3. W

    Damn, is it over..

    also fwiw , on the dow (Which is what i trade mostly), we are still above february highs.
  4. W

    Damn, is it over..

    for pete's sake. i love these unsubstantiated assumptions... are we in a bear market? no. not by most people's def. the 50 is above the 200, and we are still relatively close to all time highs. are we trending downwards? yes. at least on a shorter timeframe. regardless, there are...
  5. W

    MaSsIve SquEeze today

    what an idiot VIX is the IMPLIED volatility if the VIX is 30, that means spreads are EXTREMELY expensive and of course, you didn't say what spreads. duh the fact that VIX is 30 means any spread has a massive premium to overcome.
  6. W

    The problems are only beginning...

    bubbles been going on for a Loooooooooong time. dutch tulip bulb scandal anyone? heck, there was probably a frankincense and myrrh scandal in biblical times :) as for what i plan on doing in real estate? well, i just sold one house got about a 70% return in 9 years. i still have...
  7. W

    Odd-Lot orders NOT wanted!!

    for pete's sake you were trading OIH oil industry HOLDERS go to the website and research the HOLDERS etf's they are supposed to only trade in 100 share increments.
  8. W

    The problems are only beginning...

    this IS a housing bubble. absolutely zero doubt about it charts - it looks like a bubble market participants - behaved in a manic bubble-state it has every attribute of a classic asset bubble - EVERY one, ridiculous leverage, NEW PARADIGM (tm), etc. etc. for me, the defining...
  9. W

    A very powerful fut's strategy

    for pete's sake, this is the opposite of prudent money management. it is ESSENTIALLY a martingale type strategy. which, as another poster pointed out - which works until it doesn't if you have positive expectancy setups, you don't need to (nor is it optimal) to keep adding on size when...
  10. W

    The problems are only beginning...

    "I remember seeing similar posts in 2000 after the decline began. It is exremely difficult to time such things on way down. It could look like a great buy 1 year from now, but you can loose a lot before you prediction turns right, but then it is too late" oh rubbish. if you can't capitalize...
  11. W

    The problems are only beginning...

    devastation? it's OPPORTUNITY. people who overleveraged themselves will suffer for others, its opportunities. opportunities to get real estate CHEAP (just wait) etc. trading is all about buying others panic and selling their euphoria everybody hated gold in 1998 and loved...
  12. W

    Today sucks! 08-09-2007

    i actually agree that GIVEN the **current** market environment - it matters much less, since we are routinely getting much more extensive intraday swings ... plays where i would scale +6 +10 +15 are now netting +12 +18 +30 so, in that regards, the advantage of YM over ES (the spread and 10...
  13. W

    Today sucks! 08-09-2007

    you gotta PAY me to be nice. :)
  14. W

    dropping a bomb

    he's right, and people should study more game theory and psychology. i suspect there are a lot of losing retail traders here. they love to talk about risk/reward when they really don't understand the concept the point is this. i can enter a trade at any time with a stop of 5 pts and a...
  15. W

    Today sucks! 08-09-2007

    you are correct. like i said, this is not theory - this is backtested and forward tested FACT. it is not JUST the thinner depth at each level that makes you more likely to get filled on bid and/or ask - it is the 10 levels vs. 4 levels in the ES that makes a HUGE difference. trading is...
  16. W

    How to know when your ready

    first of all, i think you mean 1:3 RISK/REWARD means just that you are quoting (i am assuming) REWARD:RISK when you say 3:1 fwiw, using the term "risk/reward" to describe the stop distance in relation to target distance is somewhat incorrect, but it's how most people use it, so it's the...
  17. W

    F U Fed

    well, una... i can agree to that. joe investor tends to buy tops and sell bottoms when he trades. but on a #'s basis, far more market money is DCA'd into mutual funds on a periodic (usually monthly) basis due to 401ks' etc. the amount of money actively traded by joe investor pales in...
  18. W

    F U Fed

    my point was the slag on "joe investor" joe investor does MUCH better than the average RETAIL trader however, trading is like any business. most people who start a business fail. most people who trade - FAIL but those of us who succeed make a great career of it but they are two...
  19. W

    F U Fed

    the average joe investor dollar cost averages into mutual funds which is a more successful strategy than the vast majority of traders, since it's positive expectancy and has never been a losing strategy in any 20 yr period in US history
  20. W

    F U Fed

    i like gold i also like GSS
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