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    Do You Think Trading is Gambling?

    I live in the Hamptons, as a young man I worked for a landscaping company that took care of large estates. A fair percentage of said estates were owned by people involved with Wall Street and trading. Not ONE was owned by someone who hit it big at a casino. So I got involved with...
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    This is why you ALWAYS use a catastrophic stop *just in case* v.pic

    It was Igor! Everyone was leaning short and he ran our stops!:D
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    Goldman, once warning of $200 oil, sees $45 in 2009...WORTHLESS ANALYSTS!!!!!!!!

    Yup = shorted the top call. buying here on the bottom call.
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    whats wrong with me?

    The union representing that employee fucked him, they refused to take a pay cut.
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    My call for tomorrow - buy GS

    I'm selling at the end of this rally - I think it ultimately sees $22.00
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    This is the BIGGEST CONSPIRACY EVER and I Want to Join It.

    I'd be more than happy to help you out and take your trust fund $$$ off your hands so you do not have to suffer anymore. :D :D :D
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    Paulson Has done a Bang up job!!

    Paulson is an imbecile. Yanking the TARPet out from under the banks when it was the last thing holding the banks up. Yanking the TARP put us right back to square one with lost confidence in banks and returned the problem of troubled assets. Even worse - this guy is supposedly a former GS...
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    A run on gold coming?

    Listen to Jim Rogers in the other thread. He said the IMF is being forced to sell its gold to come up with cash to keep banks solvent. Saudi's may have bought their stockpile from the IMF - and the IMF still has plenty more. He said this could possibly drive gold down to $500 with that...
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    Jim Rogers: The Federal Reserve will FAIL!!!

    Rogers stated cotton is not trading on fundamentals - the Chinese government had to start buying cotton from cotton farmers to keep the farmers from going belly up. There are no buyers and many factories that used the cotton have shut their doors. The gov't is now sitting on a huge stockpile...
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    Trader P/L 2008

    Caught a piece of the Aetna bounce, then a little more after the swoon from the fed announcement, THANK GOODNESS I wasnt long going into the close. All the people with moc orders got crushed. + 3k
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    Trader P/L 2008

    Frustrating day - waited for a pullback form open to buy and didn't wait long enough. sat on a -12k MOS position most of the day and finally kooked out - 6k. Bought a ton of MS at 12.30 and kooked out -6k. Felt like total manipulation in GS & MS (canaries in the coal mine) to allow for...
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    Did short ban on financials help or hurt?

    It seems like the short ban did more damage than good by squeezing out shorts en masse who would be natural buyers around now. We got a quick pop in return for an even faster slide. Just look at C, MS, COF, STT Markets at new lows and I haven't heard a peep from the media "blaming...
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    the scary thing is

    Massive unwinding of the carry trade. Huge short positions in the yen being forced to cover. It is NOT a reflection of the strength of Japan.
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    Trader P/L 2008

    -8k Took the day off to go fishing, got home early and had 2 hours to trade. Lesson learned = I didn't trade, I gambled. Had absolutely no feel for what was going on and just jumped in with size stupid. Was heading into the weekend +8k, LOL, 4 days work gone in 2 hours. Caught a...
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    Trader P/L 2008

    + 1500 Was down -$8k on 3 different stocks 3 times today. Puked out COP at b/e and she ran 3.5 (6k shares :( ) - ah well shuda wuda cuda. Feel like I aged 20 years today. Holding small over night
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    Trader P/L 2008

    Got shook out of some sweet shorts early - BTU is an ornery stock -150
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    Divergence

    I want to thank Jack, Neoxx,t28, zilla, mandelbrot, tums, and anyone else I neglected to mention. Reading and going through SCT and SPM for the last hour = Literally peeing in my pants with laughter. You're all so gloriously psychotic. Love it. LONG LIVE JACKHERSHEY
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    Trader P/L 2008

    +1k 2 out of 3 data providers were freezing up all morning, and the third was lagging, wasn't on my end. Made it impossible to trade with confidence so I shut 'er down and went fishing.
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    Should Paulson, Bernanke & Cox Resign?

    Could you imagine the further turmoil caused if they resign right now? It would be amazing.
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    Black Thursday or Black Friday - its your call - history may repeat

    Port - Like other people have said - this video is sooooooooooooooooooooo old. Glad you're enjoying it, but get with the times.
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