Quote from HolyGrail:
And how much money did you make over the last three months while you were wildly bearish? I'm flat except for jnj and pep. Not exactly big time worries, yet I made more money in the three months than I could possibly lose by a 24 point drop in the nasdaq.
It doesn't really matter to Blue. In a previous thread he said he was holding QQQQ puts (when the QQQQs were at $43, now $45) and everyone was stupid. You see, in Blue's world, nothing is what it seems. In Blue's world, time decay does not exist. In fact, time decay is reversed in Blue's world, options gain value over time. In Blue's world, puts go up when the underlying goes up. In Blue's world, you can tell everyone that AAPL is going to crash below $75, but when it goes above $95 in the following two weeks, somehow he can still make money on this short position. In Blue's world, everyone is stupid except for him.
A very interesting place indeed.
I've posted this before and I'll post it again. I hope this will help:
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Once again Blue, give this some thought. Hopefully it will help you.
"It doesn't really matter to Blue. I know people like him/her. They are hater/underachievers.
They sit at home and think they're smarter than everyone else. Everyone is stupid except for them. But what they can't reconcile in their own minds is why aren't they rich. Here they are, surrounded by stupid people doing stupid things yet they are poor and ignored while others are getting rich.
He'll try a few things and "speculating" (he sure isn't trading) is the latest. He comes up with some arguments as to what should happen in his own little mind and convinces himself that he knows. He'll put on a position and when it doesn't work out, well, it must be market manipulation. It must be the Jews or whoever. It sure can't be that he's wrong, afterall, he's smarter than everyone else.
He's a very frustrated and angry individual who focuses on the negative. He'll never make a good trader because he can't get his head out of his ass long enough to see what's actually going on.
Here's hoping Blue can let go of the anger and move on. Once again, he's been wrong."
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