Lesson #2 in the Series: "Fading Morons"
http://www.elitetrader.com/vb/showthread.php?s=&postid=729199#post729199
http://www.elitetrader.com/vb/showthread.php?s=&postid=729199#post729199
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9/20/05: The Only Direction To Trade Is...
- Thread starter EtfTraderLives
- Start date
Babak,
If you don't stay on topic in this thread, I will ask EliteTrader to ban you.
You been warned.
If you don't stay on topic in this thread, I will ask EliteTrader to ban you.
You been warned.
Quote from DHOHHI:
Speaking of delusional .. how's your 9 figure hedge fund?
Wanna make a wager on the reality of whether you co-manage such a fund? Oh wait, that challenge was already issued with no reply.
And actually, 55 is 3.5% of 1560. And you claimed stats were such a good class in college .. and how you got an A. Geez, if you can't even do a simple division I'd have to question the grade. And that it was from a top school? It wasn't from one of those online diploma mills was it?
ok, if you bet me $100K, i'll prove everything i said was true, and i'll show my identity. Get yourself a lawyer, and we'll put the $ in an escrow account. otherwise, you're a loser, just like lithium and babar.
Quote from Babak:
Lesson #2 in the Series: "Fading Morons"
http://www.elitetrader.com/vb/showthread.php?s=&postid=729199#post729199
attention everyone: babar is the biggest slimebag on ET. all he can do is insult others, like jack hershey etc etc. babar never makes a real trade or prediction. he is the ultimate loser.
ps babar is the only person with the dubious distinction of being FIRED from the non-paying job of chit chat moderator! think about it. how in blue hell do you get fired from moderating?
Quote from rubberbird:
ok, if you bet me $100K, i'll prove everything i said was true, and i'll show my identity. Get yourself a lawyer, and we'll put the $ in an escrow account. otherwise, you're a loser, just like lithium and babar.
Blah, blah, blah, blah . . .
And all of this from the very same guy that can't even produce a screenshot of his alleged positions.
FWIW, added to short position QQQQ $38.15
Positions:
$37.82
$38.15
Average:
$38.05 (slightly higher due to larger size with $38.15)
Positions:
$37.82
$38.15
Average:
$38.05 (slightly higher due to larger size with $38.15)
It's starting to smell bad. Better bail your longs cuz its gonna be a stinker .
Quote from dandxg:
I don't care which way it goes, I just don't like these ranges!
Of course daytraders like yourself don't. You will eventually get washed out (if many haven't) with low volatility trading environment. This trading is no different than the 1970's. So many of you are conditioned to the last 5 years of trading with high volatility that you are gamblers, more than speculators. Your bored to death, want more when you should bet less, and eventually wash out.
You either do one of three things to survive in this market:
1) Adapt your trading to be a scalper and press with size (not my style)
2) Be a position trader and extremely patient (my style)
3) Stay out of the market until a trend arrives (what most should do)
Trade anomalies... Don't get conditioned to believe you have to trade everyday! That's called addictive gambling and you need to step away.
I love gap down days. Try doing that as a daytrader.
Oh, you can't. LOL!
Oh, you can't. LOL!