"Going to focus on what Im doing here for a while, see you in the morning."
http://www.youtube.com/watch?v=IJ0YtfNjTtM&feature=related
http://www.youtube.com/watch?v=IJ0YtfNjTtM&feature=related
Attention: I am now short!
- Thread starter chaosclarity
- Start date
Are you talking or dreaming ? The SP future is moving up from 4 points to 7-8 points now, Nikkei is holding up with 1.5% gain and so do most of the Asia markets, Europe will open higher (my best guess) due to all the "hope" (although it is merely fake hope) that the Europe Crisis will be over by next week. Earning may give market another boost and this may break the range bond that we have for the past 2-3 months. Your "add to loser" strategy will broke you if there is break up in market.
S&P will blow past 1224, I hope you are not adding to your loser when it blow past 1224 ?
What you don't seem to understand mate,
which is an extremely common mistake not just for newbies but also for people who have been trading for many many years even,
is that:- YOU DON'T MAKE MONEY SIMPLY BY KNOWING WHAT IS EXTREMELY LIKELY TO HAPPEN IN THE FUTURE BASED ON COMMON SENSE!!
Now read what i wrote, the re-read it again, and again, and again, and again, then read it once more so you really absorb it, the read it again so you actually understand it, then read it again so its drilled into your head, and then finally re-read it 2 more times you you remember it and cannot forget it for the rest of your life!!
Seriously mate, in your life you will never ever ever ever get paid any cash into your bank account or trading account simply by having the 'common sense' to know that its extremely likely that an indicies market that has risen nearly 15% in 4days will fall back 2-3% within the next few days.
No-one gives fuck that you know whats its extremely likely!
Do you think you are something special or that you are the only one that knows that?? As if you do then you are extremely foolish, since about 99% of people who actively trade ALSO know that its extremely likely the Dow is going to fall 2-3% on 1day this week.
But so like i sayed, you DO NOT and WILL NOT EVER GET PAID ANY MONEY WHATSOEVER FOR MERELY KNOWING WHATS EXTREMELY LIKELY TO HAPPEN......
You ONLY actually make any money by CATCHING+CASHING-IN ON SOME OF THAT MOVE WHEN IT HAPPENS.
And that is what you have failed to do so far, and so is the reason why you are getting mocked and ridiculed.
As whilst you know what 6billion other people in the world also know, that an indicies market that rises 15% straight will extremely likely drop 2-3% shortly after,
what you have failed to do is time you entry skillfully or successfully enough to actually have caught+cashed in some cash money from that ''knowledge''....
(Yes i am totally and completely aware that at some point in the future if you held that trade for long enough and you would very likely break-even/make a little bit of profit,
however have not YET actually made any cash from this trade,
and therefore just make yourself like a foolish newbie by bragging about how much you ''think you are likely to make in the future, whilst currently being trapped in a big loss'')
I severely doubt that you have actually even made a trade as the style you have spoken about it so far just isn't genuine,
so am not going to waste too much to my time helping you when merely post about mythical trades because you feel bored in your life and so want stir up a reaction on a trading forum to quench your bordem slightly....
However what you post about averaging into trades at 'better prices',
which if done skillfully enough is an extremely logical style to trade in and is part of the method of trading that i specialise in,
it ONLY works to actually make you any profit whatsoever if you 1st entry was good enough!
For example if you 1stly sold the S&P at 1160, then re-added more sells at 1180, 1190, 1200, and 1220,
you will eventually endup with an average sell price of around 1195....,
But then you will need the market to drop 25points just for you to merely break even on that trade,
which will not actually add any money whatsoever to your bank account.
The market may likely drop down to 1190 then, however you will only make 5points profit out of the potential 30points available.
And so your amazing wonderful knowledge that the market was going to drop was totally and completely wortless in monietary value as not only did no-one pay you a single pound for your knowledge,
but more importantly you yourself have so far failed to make any money whatsoever from this knowledge that you possess,
making it pointless and wortless knowledge..
If you want to learn how to start actually making cash-money from the stockmarket,
rather than merely being an knowledge-expert who fails to actually earn any money from the markets,
then you need to learn 2 things-
1. How to be EXTREMELY PATIENT!
AND
2. How to understand and interpret chart formation patterns.
which is an extremely common mistake not just for newbies but also for people who have been trading for many many years even,
is that:- YOU DON'T MAKE MONEY SIMPLY BY KNOWING WHAT IS EXTREMELY LIKELY TO HAPPEN IN THE FUTURE BASED ON COMMON SENSE!!
Now read what i wrote, the re-read it again, and again, and again, and again, then read it once more so you really absorb it, the read it again so you actually understand it, then read it again so its drilled into your head, and then finally re-read it 2 more times you you remember it and cannot forget it for the rest of your life!!
Seriously mate, in your life you will never ever ever ever get paid any cash into your bank account or trading account simply by having the 'common sense' to know that its extremely likely that an indicies market that has risen nearly 15% in 4days will fall back 2-3% within the next few days.
No-one gives fuck that you know whats its extremely likely!
Do you think you are something special or that you are the only one that knows that?? As if you do then you are extremely foolish, since about 99% of people who actively trade ALSO know that its extremely likely the Dow is going to fall 2-3% on 1day this week.
But so like i sayed, you DO NOT and WILL NOT EVER GET PAID ANY MONEY WHATSOEVER FOR MERELY KNOWING WHATS EXTREMELY LIKELY TO HAPPEN......
You ONLY actually make any money by CATCHING+CASHING-IN ON SOME OF THAT MOVE WHEN IT HAPPENS.
And that is what you have failed to do so far, and so is the reason why you are getting mocked and ridiculed.
As whilst you know what 6billion other people in the world also know, that an indicies market that rises 15% straight will extremely likely drop 2-3% shortly after,
what you have failed to do is time you entry skillfully or successfully enough to actually have caught+cashed in some cash money from that ''knowledge''....
(Yes i am totally and completely aware that at some point in the future if you held that trade for long enough and you would very likely break-even/make a little bit of profit,
however have not YET actually made any cash from this trade,
and therefore just make yourself like a foolish newbie by bragging about how much you ''think you are likely to make in the future, whilst currently being trapped in a big loss'')
I severely doubt that you have actually even made a trade as the style you have spoken about it so far just isn't genuine,
so am not going to waste too much to my time helping you when merely post about mythical trades because you feel bored in your life and so want stir up a reaction on a trading forum to quench your bordem slightly....
However what you post about averaging into trades at 'better prices',
which if done skillfully enough is an extremely logical style to trade in and is part of the method of trading that i specialise in,
it ONLY works to actually make you any profit whatsoever if you 1st entry was good enough!
For example if you 1stly sold the S&P at 1160, then re-added more sells at 1180, 1190, 1200, and 1220,
you will eventually endup with an average sell price of around 1195....,
But then you will need the market to drop 25points just for you to merely break even on that trade,
which will not actually add any money whatsoever to your bank account.
The market may likely drop down to 1190 then, however you will only make 5points profit out of the potential 30points available.
And so your amazing wonderful knowledge that the market was going to drop was totally and completely wortless in monietary value as not only did no-one pay you a single pound for your knowledge,
but more importantly you yourself have so far failed to make any money whatsoever from this knowledge that you possess,
making it pointless and wortless knowledge..
If you want to learn how to start actually making cash-money from the stockmarket,
rather than merely being an knowledge-expert who fails to actually earn any money from the markets,
then you need to learn 2 things-
1. How to be EXTREMELY PATIENT!
AND
2. How to understand and interpret chart formation patterns.
If you dont give a fuck then why did you just spend 30 minutes writing an essay? You are lucky that I have managed to put together the energy to write two sentences in reply.
I was kicking myself trying to trade the ES last night. Finally, I got frustrated and just went to bed thinking I would have to eat that humble pie and cover my shorts in the morning. Now Im up, ES seems to be selling off and looks like I might not die today. We shall see.
Judging by the cranky attitudes on here about me shorting a few shares of the IWM, Im wondering if trader profits are up there alongside corporate profits! I think not!
Judging by the cranky attitudes on here about me shorting a few shares of the IWM, Im wondering if trader profits are up there alongside corporate profits! I think not!
There she goes!!! TIMBER!!! I was thinking it would happen last night, but it didnt. It was a morning surprise, but a good morning surprise at that. Where are the Elitetraders now? Where are you now? Im waiting for my apology!
Spoken like a true asshole. All high and mighty until you get to the details.
Good luck with your fake account.
SPX futures are up 5 points (to 1225) right now. And you started shorting at 1185 or so. So how exactly are you up money?