It may not happen tomorrow, or next week, or next month, but when it does finally hit the fan it may get ugly.
http://www.cbsnews.com/stories/2007/07/09/business/main3034542.shtml?source=RSSattr=Business_3034542
Consumer Borrowing Jumps In May
Hefty Increase Reflects Biggest Rise In...
Even though I'm short I don't believe the market will be phased by earnings misses on these already artificially low estimates. I really don't think reality matters in the economy at this point. The raging bull has spoken.
Never fight the trend.
17:44 EDT MRVL
theflyonthewall.com...
Avg. 13681.
Just finished my short out with a 10 car sale at 13751. Way more then I ever wanted to short. Maxed out my IRA and day trade account!?!?! LMAO
I recently came to the realization that I will never really retire anyways and will have inheritance so I might as well be aggressive...
I tried to work with Christian several times to get this working. I would recommend looking for other options.
You won't get any real instruction or direction and I wouldn't trust this as being a solid option that you would want to put money behind.
Well I'm gonna be in for some pain then. Acted like a piker all day so might as well be a piker all week. Holding my shorts till Monday when I get back from vacation.
It's been a long while since I've been so stubborn.
Have a good safe week all.
The market appears to have shrugged off interest rates, oil, inflation, subprime, and now terrorism.
As a trader I don't much care but on days like today when I'm acting like a piker it makes it impossible to cover my shorts!!
One of my rookie tendencies on days like today is to try to force trades that I know are unlikely.
I'd rather take a boring day without losses then with!!! I had a couple chances to take a small profit but didn't :-(
Yeah, action seems strange which is why I'm acting like a piker today. Normally I don't mind taking a small loss but can't do it right now. Waiting for the selloff that won't come. Like I said I'll cover at the close and head off for my vacation.
Why I have I been shorting this market all day?!?! It doesn't look weak?!!? It feels like bs strength nevertheless I keep shorting!?!?
I'll cover at the close but feel like a foolish trader today... been averaging up all day. I never do that. I deserve to lose today but hope I get lucky.
Hey frosty, the good news is your bot is consistent. I would pay a lot of money for a trading system that loses huge consistently. No joke. The only bad systems are ones that break even.
The good thing about a system that "loses" huge is that you can fade it. You may want to switch those buy...
Sorry, I was talking to myself there. About 2 minutes after my post stating no stop out or decent target after the over an hour in my trade the markets popped and took me out like a piece of garbage.
Is this a typical summer trading day?
I'm new to full time day trading and this is pretty brutal. Seems very tough to make money in the YM today. Still in my only trade of the day... have a 10 point stop on the YM and still haven't been stopped out or hit any decent profit.
In other...