10.28AM May 01: Who is shorting NDX?

[xflat2186]

Quote from riskfreetrading:

Congrats! I think you did the right thing. Also why you did not go short?

I added the same size to the 1/2 short size I put in at close yesterday. I did it at the open with the thinking of gap close and possibly down hill from there. This could be a reversal day. I just took 1/2 off for a 16 point NDX gain which removes my -6 point of yesterday and covers cost of stop for remaining 1/2 size.

Perhaps you didn’t understand my question.

What was the point of telling us at 12:16 that you doubled down at the opening which was very near the top when the market had already sold off by the time you posted?

In you other trades this week you took profits (when there were profits) around 5 points lower then where you opened your initital short. Yet this time, well after the market sold off you implied that you not only let your short go more then double the 5 points you usually take profits at against you and also doubled down.

You have prudently preached taking profits on your trades yet this time you let your losses run far more then any profits you have been shown to take and then you doubled down, albeit you didn’t tell us until after it was significantly profitable.

What was the point of calling it a “no brainer” at 12:30 long after the market moved and showed the world it was a no brainer?

 

[dipper17]

Quote from stock_trad3r:

I agree that Riskfreetrading is a putz. Posting a prediction after it has come to frution is pointless and lends no credibility.

Why do you guys even bother with riskfreetrading the guy is a running joke here.

stock_trad said it best in this thread

http://www.elitetrader.com/vb/showthread.php?s=&threadid=125627&perpage=6&pagenumber=8

 

[riskfreetrading]

From rennick out's thread:

Quote from riskfreetrading:

My current calculations tell me that if NDX were to bounce up, it would not go above 1990. If it goes there, I plan to sell both premimum and intrinsic (ITM calls), assuming attempt to bounce fails (which are current assumption/calculations).

 

[riskfreetrading]

Bears told some bulls today:

"Do you wear knee pads before meeting us to trade? Don't you see that you can get hurt starting at the open gap ?" --- (credit is due to Nasdack on this one)

 

[xflat2186]

Your quote from rennicks thread was posted at 12:55 today.

Again all you have done is post that you called the top in the market long after the top was put in.

What is the point of doing that?

 

[xflat2186]

Thanks, I'll have to start watching that thread too

 

[riskfreetrading]

Some sayings before I go out for sometime:

To some bulls:

"
Give and you shall receive.
Hedge if you like the fudge."

From some bears:

"
We injure stones, kill rocks, and hospitalize bricks.
We are so mean, we make medicine sick.
We are so so fast man, we hit beds before our rooms get dark.
" (adapted from the great).

 

[xflat2186]

I guess we wont be getting an answer as to whats the point of posting "no brainer" or winning trades after the markets already moved?

LOL

 

[xflat2186]

Quote from riskfreetrading:

I thought I already did answer. Don't you think you should wear knee pads before receiving the trades/underlying at the gap up open?

How did you explain it? All you did was post long after the market put in a high that you calculated that to be the high. Oh, and you posted that naturally you capitalized on that market fade, except as usual you could not make that call until after the market sold off.

LOL

The rest is you just trying to change the topics with your usual batch of childish insults, rather then addressing the facts.

 

[MAESTRO]

Kids, stop it! Why insult each other. Everyone has the right to live on ET! We need all kinds of people! So, please be nice to each other. It's not difficult!