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why do i think today? cause my psychic said so. why should I even be doing this? cause If I am even within 3 days of a turnaround, I will bank.

but, I now think today is the bottom. I'm buying more and more options. I'm the king of doublin down :D

I'm sticking my neck out a bit here, long more than 10th my portfolio now (edit: in options)

ok, i was wrong on my prediction dates. I am still long, I'm still bullish for today, and I'm still bullish long term. But I need to see how I messed up before I put more money behind it. my options are pretty worthless, since I bought all out of the money calls. so i'll just hold them...

i have a gap up signal for tomorrow with no closure. Sometimes the opposite can happen, gap down with closure, but if it does, there will be no un-closure. In other words, if there happened to be a gap down, the gap would immediately be closed and the market would continue up at a rapid...

you'd think thats the most basic premiss upon which someone would start trading unless they are doing arbitrage. My opinion is that people have underrated prediction because they've failed at it.

What does all this prediction mean? It means a buy signal, thats all. It all comes down to me being long, with a stop. LOL Don, i have no idea what you are talking about, I'm still long, we haven't takin out yesterdays lows, today is just an inside day, which can be pretty normal after a...

You hit the nail on the head. PEOPLE CANT BE ABSOLUTELY CERTAIN. So, what does a person do who wants to learn physics, but doesn't know physics? He goes and finds someone who does know physics. So what should all the uncertain people in the world do? Look for that person who knows...

:p

whats the use in being concerned? I have a stop, if it stops out, it stops out. Me being concerned wont really do anything. Should I have just exited on yesterdays rally? hell no. Yesterdays rally was peanuts to what I'm looking for. However, I always exit some of the position into...

looks like a good place to start buying again. I'm going to buy more options. I'm just buying back the ones I sold into yesterdays strength.

You are describing a strategy that never takes a real directional bet. It's a type of arbitrage or hedge where risk management determines which play wins. I can see how that is a good strategy, but most traders try to time the markets and that is specifically what i'm referring to.

3dog, thanks for your posts. It's good to know people are reading this thread. I beleive the best thing for new traders is to get exposure to all different kinds of strategies. The added pressure of posting in a public chat is nothing compared to the pressure of losing hundreds of...

My stop would be at todays low, TOMORROW. In otherwords, I would let today play out... like it is right now, and tomorrow, if we take out todays low, i would stop out. Disciplinedhedg, check out my sleeplessnights thread... some of the last posts were an options play. I bought puts...

rigel, dgabriel, and dotslash, I know you guys were pretty bullish, or at least not bearish. I'm glad you didn't get caught short in this. I'm doing some correlations between the DOW, the Naz100, the Compx, and the SPX. If we continue to rally up from here, it COULD have even more...

Daq, First I said I had a stop there, but then I realized my original analysis was wrong, and I mentioned here that today was the day for the bottom, at which time I removed all stops... Sorry I didn't post that about removing the stops. I did say that if today didn't bottom I would be...

yeah, this rally is real cool. cause I was double dipping at todays lows, I'm way in the money. IIm selling what I bought this morning, since the position was a bit bigger than what I had planned. I've covered costs, and already made a handsome profit. Still holding the bulk of the...

chisox, i don't know what you are talking about???? I didn't say there would be a fed cut. I said this rally looks like the kind we used to get leading up to a fed cut. I was describing what the rally looks like. helllooooo????

nq is getting some serious volume at todays highs.... if it keeps going higher from here, i would consider it a breakout. normally we don't get this kind of volume until after 3pm or in the early morning.

looks like a pre-fed-cut-announcement rally.