CL Redux

Quote from NoDoji:

Hello, fellow CL trader!

The volatility will be back tomorrow and I have very scientific reasoning behind my belief:

Today I tried to hold trades for decent targets and ended up with one winning trade. (I have a very well-defined trading plan so I managed to be profitable despite a win rate of less than 10% today). Because I had so many trades come all the way back to break even, I decided that tomorrow I will scalp every trade for 10 ticks. This pretty much guarantees that as soon my 10-tick target is filled, price will immediately run a full point or two without me.

:D
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Whenever you get 1st 5 min ranges and 1st 60 min ranges overlapping or very near each other back to back, that's a tell that you can expect either a sideways day or at least one for the 1st hour.
 

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Quote from beachhouse:

Listen, you need to graduate from the street investors level. Those who follow Cramer are newbies and ignorant people.

Cramer himself is ignorant in many aspects in many ways. This guy is an insider trading proponent. He lives on insider information of a company. He must have insider information before he can make a decision. He is NOT a technical guy.

That's why this guy hates anything and everything that doesn't give him insider information: ETFs. ETFs have no company insider information and he has no clue what to do with them.

When he attacks ETFs, he shows his frustration and ignorance.

Leave Cramer to the wide-eyed colleage graduates and housewives who are "fascinated" by the markets.

People laugh at you if you bring up Cramer in your conversation.

PS:
Personally, I think Cramer is a nice guy.
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BCE chuckles. :D :p :D

You're telling me "Listen, you need to graduate from the street investors level. Those who follow Cramer are newbies and ignorant people."? Really? Sorry but I can't help but laugh hardily. I wasn't recommending Cramer or pointing out his Twitter account as a way of recommending him. I rarely listen to his show and when I do it's only for fun and to get a good laugh. Nor do I follow anything he says. The standard joke is to fade Cramer and you'll grow rich.

I've been doing this for a long, long time. I know who's who. I know a lot about Jim from way back when. You miss assessed my post. It was offered for a laugh not as a "look at what the expert is saying" post. Your comments actually could be taken as a bit insulting, but it's cool as you don't know me. No problem. You're just trying to be helpful, so that's cool. Thanks for the input though. Once you've followed this forum more you'll have a better sense maybe of who's who. It's cool. :cool:

BTW the people following his Twitter account are all mad at him. I guess he just recommended a buy on AAPL and he was crowing a bit as it took off this morning. However it really tanked after that so they're mad. They'll learn maybe the hard way. :)

ADD: This post of mine is from 6 years ago. We were discussing Cramer. :) http://www.elitetrader.com/vb/showthread.php?s=&postid=1130541&highlight=Cramer#post1130541

I don't have anything against Cramer. His show is for entertainment.
 
Quote from NoDoji:

Hello, fellow CL trader!

The volatility will be back tomorrow and I have very scientific reasoning behind my belief:

Today I tried to hold trades for decent targets and ended up with one winning trade. (I have a very well-defined trading plan so I managed to be profitable despite a win rate of less than 10% today). Because I had so many trades come all the way back to break even, I decided that tomorrow I will scalp every trade for 10 ticks. This pretty much guarantees that as soon my 10-tick target is filled, price will immediately run a full point or two without me.

:D
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Thanks for the info. I guess it's okay for you to share this. Feels like insider information though. :p
 
One more point on AAPL though. Although it pulled back a bit this afternoon it won't be pulling back to 200 anytime soon. :) I just saw a thread where the guy shorted it @379 in December. The guy only had 6 posts on ET and that thread he started was one of the last posts he made. We're all learning.
 
The one trade I was able to consider this morning wasn't executed due to stop loss size and the lack of a follow through on the slower time frame chart. Hind sight proved to be correct and the loss would have been close to $300. More than I like to risk.
 

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Quote from richkela:

The one trade I was able to consider this morning wasn't executed due to stop loss size and the lack of a follow through on the slower time frame chart. Hind sight proved to be correct and the loss would have been close to $300. More than I like to risk.
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Firstly, hasn't the ET community yet taught you that stops cause losses??? Once you take a stand, you hold your ground until the damn position turns green or your broker liquidates you!

Secondly, what were you doing up so early?

:p


ADD:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=222458&perpage=10&pagenumber=1
 
Yes, as learned over time stops when visually seen are typically taken out (unless I've picked the right direction). Execution of a non placed stop can be difficult to fill if not placed at the time of the original order and whoops the market just flew by me as it waved goodbye.

I thought everyone is up at that time of the day. Still recouping and sleep just isn't consistent yet. :D
 
GM

still stuck in the 101.20 to 102 range. We have contract changeover occurring & Presidents holiday on Monday. Not expecting much movement until proven otherwise
 
as soon as I got out of my short position, the selling began.
:mad: :mad:

market showed a triple-top selling, testing my patience

ps:

did you see the equity market rebound???

That, my friends, is INSIDER TRADERS at work!!!! 9 oclock news leaked out...........

Where is SEC? Surfing porn sites right now.:D
 
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