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Very well... because i managed to get more size in the upper 118's.. and I already locked in some profits. Do u even understand what I am doing?

Assuming full capacity is $200k. 100% short is $200k. %50 Short means $100k. So I was short $200k mid yesterdays. Covered $100k into Close. And was short $160k (80% of 200k) at the open. Waggie u will constantly twist evrything I say to make me look like a liar. But what I just posted...

Waggie u are just twisting everything I say... i will just ignore you. But for the honest people reading this forum I will explain again what I do. I have a short bias which means that I will always have money short until bias changes. As market goes up I fade the rally.. as it goes down I...

Or maybe it was because of daytrading these crappy ranges? Most online traders dont short.

Waggie you are really dumb. I was not 100% short into the close.. actually about %30 short as of the close. As I stated before I scale out into the drops. In the open I went 80% short.. right now I am at %40 short. Thats how i made $.. its called scale trading. When I annoucned that I was...

[B]Thats assuming they had a short bias the whole year.. which is foolish. I have a heavy short bias right now. Waggie you are so naive in your thinking. And yes Waggie many consider me a professional trader. I am profitable and do this soley as my living. Waggie I am not a one trick pony...

Thats assuming they had a short bias the whole year.. which is foolish. I have a heavy short bias right now. Waggie you are so naive in your thinking. And yes Waggie many consider me a professional trader. I am profitable and do this soley as my living. --MIKE

In a few days teh market probably will end up testing the 50ma. I will continue to maintain my short bias.. and by fading each rally and cover some into the drops I will make nice coin. Mecro.. say whatever u want about bullshit TA.. and the trend is your friend crap. All I know is that 90%...

Today was another great day. My bias was short so i kept on fading the market. Payed off.. I was on the right side today. The gap allowed to me short at high price and cover some of it to lock in gains and still maintain short bias. --MIKE

Excellent post.

Whats the point of having a journal on ET. So everyone can pat u on the back as u consistently lose $ and trade in such a way that has absolutely no edge? I am trying to help him. I thought my advice would benefit his style. I am not simply ridiculing him.. I am questioning the validity of...

I am sorry if my comment affended you.. i agree it was out of line. But with all regards.. if u consider yourself a daytrader.. one of the bigest mistakes is going into a earnings situation in the after hours. Yes the NQ spiked up on the good news.. but think what would happen if the NQ was...

I just dont understand what you are doing? Maybe u can help me? In the morning u said the the tape was weak and it was.. market was rallying on hot air the past few days. Dollar was rallying like crazy and market kept on churning higher. Then all the suden bam huge sell off. Massive volume...

Wait a second. Why is it useless thread. There are actually some people that on ET that ask me what my bias is?? Just because u dont see any value here doesnt mean u can make a judgement for whole ET. I am not soliciting anything, i have no alterior motives of selling a service, no guru...

As if I am gonna tell some ex-trader Tudor Jones trader how much $ I actually trade with. Waggie asked me how much $ i trade with on Yahoo IM.. so i told him over $30k.. which is over the PDT. My exact amount is private and I dont think any trader with half a brain would give out that info to...

Why is it false. I never risk %1 of my account on any given position or bias?? I just dont have an exact point at where i exit. Because i am constantly scaling. Waggie i thought u were a pro.

Yea I will take it overnight.. and i dont use fixed stop because i change bias when tape changes. But i have a mental loss of not losing more than %1 of my total trading account.. whatever that is. --MIKE

Actually i think of buying the dips as buy low.. and selling the highs as selling high. Isnt that what were are supposed to do. Assuming your bias is negative and u think the market will go down... umm.. arent i doing the right thing?? Just because the market has been in an uptrend past...

Sure ... http://www.elitetrader.com/vb/showthread.php?s=&threadid=27090&perpage=6&pagenumber=43

Iwm down for the day.