This is funny coming from a man who blew up 3 accounts.
Attention: I am now short!
- Thread starter chaosclarity
- Start date
This is funny coming from a man who blew up 3 accounts.
You publicly took a position that you refuse to cut losses on.
Fired.
Fired.
Most of you here are daytraders and I do a little daytrading with futures, but this position of scaling in a short to an index etf...in this case its the IWM will not be wrong. You might scale into a long, but I am scaling into a short and my target for this short is south of 60.
I guess its hard for me to explain this to the so called "Elitetraders" who throw the entire account into one trade on leverage, but my strategy is somewhat different. I scale into my shorts on the way up just like I scale into longs on the way down. In a previous thread I was long the TNA when I said I was leveraged long. You doubted me in that thread and I made money and now you are all doubting me again. Is it any wonder why there are new aliases each and every week on this board...its because you fools keep blowing yourselves up with the same old strategies that dont work.
Watch and learn! I might be underwater for a bit as I always am on the initial buy, but I wont be underwater much longer. If my trade turns out to be profitable will I get an apology? Nope, you guys will be the snakes that you are and crawl back into your hole.
chaos/retaildaytrader...etc...
The reason you won't get any props for being right eventually is because anyone can be right eventually. Broken clock and all that.
I could open a long right now if the market crashed and simply say "I'm holding for 2023. I'll be right, then.
Takes nothing to do that. And that's essentially what you've done, except you brag about by calling attention to yourself in these ridiculous threads.
Hope all that helps.
The reason you won't get any props for being right eventually is because anyone can be right eventually. Broken clock and all that.
I could open a long right now if the market crashed and simply say "I'm holding for 2023. I'll be right, then.
Takes nothing to do that. And that's essentially what you've done, except you brag about by calling attention to yourself in these ridiculous threads.
Hope all that helps.
Then explain better what you are doing. How much of your account did you scale in first, then second, etc. And at what prices?
I have no obligation to explain anything and why should I explain to a bunch of assholes.
My $0.002 advice:
Technical speaking, we only two type of directional traders in this market, one is trend follower and another one is the person like you - counter trend. Each strategy work well in CERTAIN market condition.
The trend follower get a hard time for the past 2-3 months as the market basically just chopping and range bond, and those counter trend are making a killing.
You are making money by adding to the losers from your previous trade as your startegy are woking WELL in the tight range market, but now due to whatever reason, the market is trending UP NOW. I agree the market will reverse down eventually but the question is that could you survive until that time ? Also, is the magnitude of reverse will be big enough that you can make back your loss?
Tips: Look back to super bull trend in Q2-Q3 2009, ask yourself how many time you can add to your losers (if you are short that time and keep on adding short position) before you get broke ?