Another dip, another chance to make $$$

[KS96]

Quote from EqtTrdr:


be back in a week baby $$$$

Don't forget to load up before you go.

 

[frank grimes]

ok eqt, have a great time, but make sure you check in from a charming internet cafe..I don't think I can go a week without hearing how great you are.

 

[fubar]

How does anyone make money at trading? I can't, I suck. I am trading on paper but still cannot make any money at all even on fake trades. This must be the paper profits that everyone speaks.

 

[stktrdr]

Quote from dealer:

I closed all US equity index longs on Friday. Still long some European stuff.

I will not re-enter long until after a 5% correction.

You are gonna have a long wait! don't see any sign of an upcoming correction.

 

[dealer]

Quote from stktrdr:

.....don't see any sign of an upcoming correction.

But most corrections usually begin suddenly without warning signs. Feb 2007 -Who had their eye on Chinese stocks?

What makes me worried is that everyday you hear talk of the risk of a meltup -which means we are probably looking in the wrong direction...

I am happy being on the sidelines in US stocks ----for now.

 

[stock_trad3r]

But Feb 27th wasn't a correction. It was merely a dip.

The summer 2006 sell off was a correction and it was triggered by uncertainty over interest rates.

 

[dealer]

Quote from stock_trad3r:

But Feb 27th wasn't a correction. It was merely a dip.

The summer 2006 sell off was a correction and it was triggered by uncertainty over interest rates.

So, ahead of 2/07 you had chinese stocks on your radar as a possible trigger for a sharp move down?

 

[stock_trad3r]

But you said correction earlier

it is defined as 10% or more

http://www.investopedia.com/terms/c/correction.asp

Feb 27th was a 3.5% dip triggered by China. Unexpected, yes, but not a correction.

 

[dealer]

Quote from stock_trad3r:

But you said correction earlier

it is defined as 10% or more

http://www.investopedia.com/terms/c/correction.asp

Feb 27th was a 3.5% dip triggered by China. Unexpected, yes, but not a correction.

I trade all asset classes and in my book any move against the primary trend is a correction.

Most pro's wouldn't refer to investopedia....

 

[stock_trad3r]

Quote from dealer:

I trade all asset classes and in my book any move against the primary trend is a correction.

Most pro's wouldn't refer to investopedia....

I'm just giving you the most widely accepted definition. Obviously you can create your own if you want.