Are we at a short term bottom?
- Thread starter riskfreetrading
- Start date
That is because you only trade on paper.
If you had a real trade on you would have lost US$15,000 per YM contract since last october. Having no money left would be a good reason not to go short (or long).
If you can't see a good reason to short now, you will never. US economy is not only in recession, imo it is on the brink of bankruptcy.
PS. I thought you would leave when market got bearish?
Could you guys stop buying? The truck did not even pull back to the area of the bottom so I can buy my other half. This is looking increasingly strong. If you do not stop buying, next time I will not post my prediction. 
I have promised that if the Spooz closed below 1252 (a bear market) I would have my ET account canceled.
I think that one should never vote their opinion in the market. Just follow the market, and be on the look out when she flash to you that she wants to reverse. I think Madame market is signaling to us that she might want to go higher. We buy, place out stops to forgive her in case she mis-speaks or we mis-intepret her intentions.
Take it easy guys. It is just money after all.
just bought back the half I sold earlier for $0.48 profit.
New buying point is 74.60. Stops moved up for a bit better than breakeven.
New buying point is 74.60. Stops moved up for a bit better than breakeven.
The frigging mkt is down 5 months in a row, and you can't find any reason to short? Wow, your time away did not help you out in the deductive reasoning department stock.
You're still here...
IWM: Sold half of position at 64.75 for $0.15 profit. Lowered stop on remaining half. I might buy if there is a retest of low at around 64.52. Day will be profitable on IWM no matter what.