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Don't get me wrong, risk management is of the utmost importance, however Coolweb is mucho cocky for someone with a penny stop and declaring himself the "priceaction master" (see thread title). I'm merely pointing out that I do not think he is the master rather he justifies that he only takes...

You are a scared little rabbit :)

Coolweb is a loser, I once read a journal of his where he went long and put his stop at the inside bid and was instantly stopped out. I mean, talk about trading scared!

At least you have a sense of humor with your poll choices :D

You can't even keep your calls straight! You called for under 700 in a FEW DAYS and now you are saying you called for a 12% move in ONE DAY? Hahaha. Seriously BR, I give you credit for a well timed market move, however lets not kid ourselves here. The S&P did not trade under 700 as per the...

MK, I edited "plummet" with "trade down" to lessen the credit I gave him :)

Thats true, and it was a well timed call that the market would trade lower. HOWEVER, that was NOT the call. The call was S&P will be UNDER 700 within days.....read the title OF YOUR THREAD again. Also, check out the question YOU posed in YOUR poll.

If you can't man up and admit that your call was wrong, you deserve ridicule, hell you're practically begging for it! See below.. "S&P hit 740 a day later..close enough! Another winner!"

WEAK! In all seriousness, it looked like it would happen. It didn't. And therefore, based on the specifics of your call, you were wrong. Deal with it, if you are man enough to create this thread, you should be man enough to admit you were incorrect.

If you are looking for 100% certainty, you are in the wrong business my friend. You should enter into the funeral business, people ALWAYS die. Thats for certain.

S&P emini

Yes, I would agree. IMHO, as an individual trader, focusing on one market and learning it inside and out is the best approach.

He is you and you are him....slim with the tilted brim

With calls like this: http://www.elitetrader.com/vb/showthread.php?s=&threadid=142740 You DEFINITELY should! Trading isn't for you.

Apparently still alive, but suffering severe trauma :)

Wow, sounds great! Sounds like something you should definitely follow through on. Everyone knows its all about leverage, no need for a trading strategy, the way to play is "all in".

There is no question he was close with the oil call at 135, I will give him credit there for sure. But its the mentality of NEVER!! and DEFINITELY!! that causes the issue. Its the wrong mentaility for this business because it reinforces the inability to retain flexibility. Sure he was close...

Yep, slow here too yesterday. Today seems ok.

followed by most likely "will never". You need to not include such words as never or definitely when talking about the market. Its pretty darn WEAK on your part to use terms like "may never". Just say, I don't see it happening or based on my analysis, I don't think....... Your posts...

That tells me, there is more room to go down, probably with a few large one day pops higher in between, before bleeding to lower and lower levels. A market is only oversold if it starts going higher, if it doesnt, it shows that we are just taking a breather before continuing down.