Conspiracy theory proven August 8, 2006. Class actions?

[Arnie]

Quote from scriabinop23:

trading the news after its released is not gambling any more than almost any other trading technique.

Trading before its released, well, I agree thats quite a bit riskier.

I didn't have the gall to make a position ahead of the fed announcement -- I waited until after, then got whacked both ways. I incorrectly assumed the day would have at least trended strongly in one direction. Once you missed the downspike, the only way you would've made money is going long.

So regardless if you had shorted it, the odds are that you may not have sold in time before the 2nd reversal.

Long would've won if you held overnight and waited for international markets to rally up ES and NQ.

And if a bullfrog had wings he wouldn't bump his ass so much. Good god, I can't beleiev some of the shit you guys post. Face it, you got bitch slapped by the market. Learn and move on.

 

[Option Trader]

I don't think the theme of the thread was getting sympathy from anyone.

The point is if a person got mugged, you can't say "that's business" OR it's not thievery because "everyone knows you don't go to that neighborhood"

 

[Optionpro007]

Wishful thinking.

As someone once said, in this business amateurs hope, professionals steal...

It's the nature of the business.

case in point....

MotherRock LP. Talk to me about a smoke out !

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1161150>

 

[Dogballoon]

Quote from Option Trader:

I don't think the theme of the thread was getting sympathy from anyone.

The point is if a person got mugged, you can't say "that's business" OR it's not thievery because "everyone knows you don't go to that neighborhood"

I think a wiser perspective to have is to notice a tendency to attribute unexpected volatility and movement to collusion or manipulation. This removes your own responsibility from the equation, and is something that might allow you to hold onto losers in the future.

 

[SamuelEngland]

You should definintely complain to the SEC about this.

 

[SteveD]

Just when I start to think that 95% of traders can't be losing money along come this thread......., LOL

I think maybe 95% is too low....

Silly silly


SteveD

 

[5Pillars]

Quote from Option Trader:

I don't think the theme of the thread was getting sympathy from anyone.

The point is if a person got mugged, you can't say "that's business" OR it's not thievery because "everyone knows you don't go to that neighborhood"

????????????????????????????????????????????????????????????????????????????????????????????????????

A mugging is an "in-voluntary" opening of your wallet.....placing a trade is a "voluntary" opening of your wallet. No one is ever forcing you to make the trades you are making, and those voluntary selections are all your choice......end of discussion!

 

[scriabinop23]

seriously the suggestion of conspiracy theory is silly.

and even if you lose on this trade (as I did), its an acceptable risk to take for a possibly great quick return. thats what stops and system are for.

think of if the market took a parabolic ascent up instead, unhindered. there would've been the same transfer of wealth from seller to buyer.

think of the *conspiracy* of losses that sellers who exited and didn't participate would have to argue for!!

 

[Option Trader]

The market is fair turf once you know the rules.
To know the rules means getting burnt first. Also there is always fresh blood who don't know the rules and are not forewarned.