First it was few cars (ES), now it is IWM? You are lost in your own fantasy retaildaytrader.
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Attention: I am now short!
- Thread starter chaosclarity
- Start date
Maverick74 said it best in response to your last retaildaytrader thread where you were shorting apple earlier this year.
Maverick74
Registered: Mar 2002
Posts: 10494
01-17-11 08:48 PM
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Quote from retaildaytrader:
Here is the key sentence to the Steve Jobs memo "I love Apple so much and hope to be back as soon as I can".
- Usually people express their love when they say goodbye for the last time or believe that this is the last time. Steve has never said he "loved" the company in the past.
- He "hope"s to be back soon. He did not say he "will" be back, only that he "hope"s. Traders know that the word hope is a bad word and a flawed philosophy. You don't hope for anything.
I can only conclude that this is the end for Steve Jobs. Im sorry to see him go, but as an investor and trader it is my duty to protect my capital. I can see no other path for investors or traders but to sell all Apple stock they can. I would not be a hero and try to ride it down in sympathy for Jobs. Instead, I would do what I have to do. If I have to short the stock to protect my capital, then thats what I will do.
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Just for the record, you make IncreaseNow look like the President of Mensa.
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Maverick74
Registered: Mar 2002
Posts: 10494
01-17-11 08:48 PM
--------------------------------------------------------------------------------
Quote from retaildaytrader:
Here is the key sentence to the Steve Jobs memo "I love Apple so much and hope to be back as soon as I can".
- Usually people express their love when they say goodbye for the last time or believe that this is the last time. Steve has never said he "loved" the company in the past.
- He "hope"s to be back soon. He did not say he "will" be back, only that he "hope"s. Traders know that the word hope is a bad word and a flawed philosophy. You don't hope for anything.
I can only conclude that this is the end for Steve Jobs. Im sorry to see him go, but as an investor and trader it is my duty to protect my capital. I can see no other path for investors or traders but to sell all Apple stock they can. I would not be a hero and try to ride it down in sympathy for Jobs. Instead, I would do what I have to do. If I have to short the stock to protect my capital, then thats what I will do.
--------------------------------------------------------------------------------
Just for the record, you make IncreaseNow look like the President of Mensa.
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Right now Im looking at August 31st on the ES December Contract. The high there was 1223.50. Right now Im watching if it can get past that and if it doesnt maybe there might some swing opportunities tonight on the ES. I figure right now is a logical trading point.
Its dropping now past 1223, shorting a few cars for a short-term day/night trade. Going to sit here for the next few hours seeing if I can catch a few points. I didnt think it would get past 1224.
If it gets down past Friday's close, the ES, then Ill do a little more then a few cars. I'll cover somewhere above 1224 if I have to, but I think its done at 1224 and thats IMHO.
Quote from chaosclarity:
I have no obligation to explain anything and why should I explain to a bunch of assholes.
You are the one who was offering to teach us. I just asked you to explain what you are doing so we can all learn...
You must not have a real method. It's a very simple question to answer that doesn't cost you any money but adds a lot of credibility to what you are saying.
Whose actually the asshole here?
I believe the dollar is done going down at this point. Looking at DX futures. Crude oil starting to curve over. The Nikkei opened up high in the green and started selling off. So I think 1224 is the pivot. Going to focus on what Im doing here for a while, see you in the morning.