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MPEL will be a 50$ stock in less than 9 months.

Well, I asked for ugly looking charts you goof :)

Info, You posted a Bull Flag, that is no dead meat lol

an equity that is a screaming buy yet the technicals look like a train wreck ? If so, please post your current pick that fits the criteria. Please, no pretty charts, Im only interested in technical looking dead meat that screams BUY ME IM TOO CHEAP AND TOO GOOD AT THESE PRICES. :) Oh...

Heartfelt post Michael. Keep up the good spirit.

Perhaps you could enlight us with some wisdom or debate the supposed bad advice.

No problem. You might want to try a service that apart from being excellent offers great paper simulation, thinkorswim.com, good guys good broker. Test your strategies on paper while you continue to save. When you reach 30k, start trading real money with VERY SMALL positions to get a feel...

I would be very careful when averaging down. In fact, don´t do it unless it´s part of the plan and NEVER when the stock moves against your trade. You are correct that averaging down indexes is less risky but there will be times where they go up nonstop or simply collapse and this catches...

You guys crack me up. A short can only help the stock by covering when he closes his/her trade. Initiating the short has no effect in the initial price. Please correct me if I'm wrong, I would actually appreciate it, but unless there is something I'm missing, I just dont get this bear...

You are absolutely right but today saw no economic data, some M&As, oil down hard and it was a Monday. Let us see how tomorrow reacts. Nasdaq went up 1.5% today, going down half a percent tomorrow would still be a bullish week :) I'm looking for 50% retracement, wouldnt be surprised to...

I'm short until I get stopped out or my target is reached. Let us see, in terms of QQQQ... - Close below 50 MA - Marathon of economic data starts tomorrow, market is too fragile for bearish data at this point since most are calling an omg, dare I say it, correction :) - Momentum has gone...

Blue, For what is worth, Im short for tomorrow, especially on Qs/SPY. Not full blown bear since the uptrend channels are intact but today's action was quite a lot and there is just too much economic data starting tomorrow. Good luck to all.

For what is worth I like SPY and QQQQ short from here until Friday. It's so close to new 52 highs the stop does not have to be that risky. Im not a bear, I just trade what I see and tomorrow I see red. Wait, tomorrow is not here.....nevermind.

High volume and no upside progress equals distribution BUT it does not mean the market will go down it just means money is changing hands and it could just go sideways. A defensive position yes, but no reason to scream short. Good luck.

...but then again the index could bounce hard off the support line owning your sorry ass :)

Here is what I need to see to go short. 1375 becoming resistance.

I like to use a 3:1 ratio on stops and sell, as previously stated, using a .75% trailing stop,when my goal is met. Why ? It allows you to be wrong most of the time and end up in profitability, that is just a beautiful concept. On top of that, you MUST cut your losses and let the winners run...

I'm sorry, I have a hard time reading your posts. Not sure what's up but your writing style sucks ass. ie you use dashes for spaces and crap like that I don't have a problem going short but first I would like to see some CONFIRMATION before talking out of my ass (ie you). Again, until...

I use the strategy myself. Assuming the trailing stop stops you out it would still be -1.0% vs 2.25% in terms of risk/reward ratio, which is still pretty good if you factor in the possible breakouts which are not that unsual. One more thing as far as your stops, dont stick to 1.0% exactly, if...

Until Q/SPY uptrend channel is broken, I don't understand this bearish mentality. No one can predict the market, you can only react to it. What are you reacting to on a sunday night. a fart aim at a blue moon in Asia ?