i have mentioned before and you convieniently ignore it,(hafez50Quote from hafez50:
I'm not insulting you and yes in my career i have tried your style and see ton others try.you can say what you want but when you fight then trend and avg in constantly you have a huge negative position that is tough mentally to withstand and the vast majority of people will panic and cover as trades go 20-50 pts against you as many times the mkt never retreats to the mean for weeks on end.You're the one that insulted me above when i advised people not to short yet and i was correct.Imho your way of trading is suicide. Anyway i chase stks on the long side most of the day. Like after hrs today i chased apple off earnings and make $5.50. I bought the dip in nflx after earnings came out yesterday.But i'm also looking for a short signal in here to short the es and its not here yet
Registered: Dec 2012
Posts: 49
07-23-13 10:04 PM
Yes if i'm not mistaken ammo you've been caught quite a few times the last yr with 40 -60 pt loses. We've basically gone from es 1553-1695 in 5 weeks with very few draw ins.)
you are mistaken but that hasn't stipped you from repeating it over and over
i have a max stop loss of 20 pts on a max position,to stay in that position i constantly reduce and add,since i cant know when the pullback will occur,this style of shorting, reducing on pullbacks to mp value areas mentioned and displayed hundreds of times,adding on advances to same value areas,allows a systematic way of staying in a position until a reversion occurs,i get caught less than 3 times a year,sometimes less than 2,and the returns often outweigh the max loss limit, this style also eliminates any chance of getting caught long in a flash crash,bank run,fiat system failure etc.......so the type of shorting you are referring to is not this system,nor is the short all the way up with mujltiple stops,death by a thousand cuts,again please refrain from posting ignorant statements using my name