Search results

Those losers that get caught in their short position will blame Fed, HFT, MM, bankers, CNBC, bloomberg, government, yen, central banks or any scapegoat that they can think about, but they never realised the one the actually deserve the blame is themselves, they should cut their loss earlier...

+ + + 1 :)

No edge in this approach. In long term (large sample size), you are break even if no commission and slippage. With commissions, slippage and human behaviour, you will lose in long term.

Maverick, sometime i just wonder why our thinking are so close and are we both clone?? As long as we have those bear outside that calling for tops, the market still in bull.

Yup, blame gov, blame marker maker, blame this, blame that. The only one they never blame is themselves.

Any chance your have an old id "grand super cycle" or aka small bicycle? :confused:

Boommmmmm

Just share a joke. A while ago there is one of those sales person from a forex system came to my buddy's company (a private held trade firm) and try to sell a "signal system", and she showed all her past results and claimed it can make 5% (guarantee) a month (after commission and slippage)...

Guy - get your powdee dry, another BTFD opportunity will appear soon.

Marketwatch ?? Good luck :D

Good :) The good thing to join this route using your PhD as your entry ticket to institutional is you will be learning something that not available "outside", you could also accumulate your first pile of gold (bonus, good staring salary and etc) as your trading capital. With the right skill...

Can someone tell me why i only smell envy and sour grape here?? Most of those young PhD that follow this route are already multimillioaire before 35, some of them still trade, others quit the job and semi retire young. They generally do much better than the 90% of losers here that still...

+++1. Indeed, it is only those "non-experience" losers complain. When you are young, you always thought it is smart and cool to be the first one to call the top or bottom. There is way to predict market, but definitely not from chart reading or gut feeling.

Just words of wise (and experience) - sometime it is better to do Nothing than try to repair a broken trade. Just wait and who know the stock may rally? Worst case you are fully protected by the long put, you can exercise the put at $25.

You are kidding or drunk ? Do you really believe a trader in Prop firm is equal as the one in GS ???? You ever work in GS or any "real" institutional trading desk before ?

Close all my long positions and bank the cash. Easy money Gotta to thanks Ben and buy him a drink. :cool:

Close almost all my long positions, leave 2 contracts with stop loss set on break even, just for fun and lottery tickets if the bull has second legs :) Time now is everything 5/2.

I am in again. 2/3 load and in for long. Time now is midnight 5/1.

I know someone want to bring this post to rest (for obvious reason) but I try to bring it up again.. :D

+++++++++1 Pity so many people never see this, they always blame other things such as entry, mot follow rule, hft, ... Sometime the obvious is not that obvious