1:08PM, May 19/08, NDX Multiday Market Call! Sell anylong, and Go Short

Quote from HolyGrail:

Stealthtrader posted in real time in Mandelbrot's thread. I have posted real time in the P&F thread. Most of the time only the people THAT DON'T TRADE can take the time to post in real time.
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Normally I'd have to agree with you ... :D :D :D

But I'm always getting called-out by the little wanna be's, trolls and nOObs who don't know an uptrend from a sideways congestion, so I make a point to put it down for'em. :cool:
 
I think the key point is that successful traders are under no obligation to teach you to trade. Some are nice enough to post charts and help you along, some give you clues, the rest is up to you.
 
Quote from shortie:

ok, so you are good at price action. in other words you are going with the trend, right? so, the trend was up today and you were long.
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Yes, that is how many traders made money this afternoon.
would not you say that having a tool that predicted the turnaround would be helpful to your approach?
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If it could be done consistently ... HELL YES!@!#! ... but nobody can do it consistently with real money on the line, especially not for the leveraged futures, if they could, by definition, they would not be posting on ET ... "get it"? :confused:
why dissmiss what riskfree posts as totally useless BS?
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Because he convienently forgets the losing trades which would have resulted in a severe drawdown if he were making the call on a leveraged product ... is any of this sinking in?
both your approach and what riskfree does seem complementary.
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Do you trade? :eek:
 
Quote from shortie:

ok, so you are good at price action. in other words you are going with the trend, right? so, the trend was up today and you were long. would not you say that having a tool that predicted the turnaround would be helpful to your approach? why dissmiss what riskfree posts as totally useless BS? both your approach and what riskfree does seem complementary.
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My charts will tell me when to reverse. I use p&f charts. They offer quick recognition of changes in the market. PA can be a number of different things. The key is to find something that works. I don't go against the trend until there is a major turning point. I try for the meat of the move. No one can accurately predict the market a high percentage of the time. You don't have to predict the market to be consistently profitable.

Yes it would be nice to know when the direction is going to change, but to think that someone can predict that point most of the time is ridiculous. Yes, you can see important resistance points that may give you a clue, but personally I like to wait for confirmation.
 
Quote from MandelbrotSet:

Yes, that is how many traders made money this afternoon.
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If it could be done consistently ... HELL YES!@!#! ... but nobody can do it consistently with real money on the line, especially not for the leveraged futures, if they could, by definition, they would not be posting on ET ... "get it"? :confused:
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Because he convienently forgets the losing trades which would have resulted in a severe drawdown if he were making the call on a leveraged product ... is any of this sinking in?
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Do you trade? :eek:
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Speaking of conviently forgetting trades here's riskfree trading's last call.

If it had been on a leveraged futures product he would've taken so much heat he probably would have closed it.
 

Attachments

Quote from riskfreetrading:



Could I ask you the same question: what are your stops? I will then be able to know what you exactly want/need, and you might also know the answer to your question if it is asked back to you.
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If I continually came on this open forum as you do and tell people to buy/sell, then the question of where I would place stops would be a perfectly reasonable one, which I would gladly answer. More likely, there would be no need to ask me, because, unlike you, I would have stated my stop IN ADVANCE of taking the trade.
 
Quote from shortie:

no, I think they are different people. but they don't seem to be in a rush commenting on your call today...
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Now this poster is the ultimate definition of "Bitch Made" for everyone who wants to understand the term.

Lets examine the facts:

1. Riskfreetrading made his 3rd or 4th consecutive public call - calling for a top in the NDX (yeah, I know, we ALL trade it):p .

2. The market collapses (finally, heh, if you manage your money right, 1 out of 3 ain't bad).

3. Riskfreetrading and his cadre of non-traders (headed up by shortie) jump around in glee with their self-adulation ... while not a one of them put real money on the line, btw.

4. They all start trash-talking, calling out me and Holy Grail by our aliases (especially with that little post quoted above).

5. Holy Grail and I drop-in and proceed to put our foot in their ass, pretty much like we always do.

6. shortie turns tail and runs off (after having called us out and started this whole mess) and starts another thread (erstwhile to show his continued adulation of riskfreetrading) :eek: .

See folks, here's what a picture of Bitch Made looks like, up close and personal.

I'm a Punk, by shortie
 
Here's some junk mail I received today. It sounds like a deal that shortie would be interested in, if he's willing to buy-into riskfreetrading's crap.

"I am the credit officer in Hang Seng Bank.I have a proposal of$19.5m,we shall share 70%/30% email me for details (lilesong012@yahoo.com.hk)Mr. Song Li le"

LOL, nothing like posting on-topic.
 
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