Yea i'm down on google, too thanks to yahoo's bad numbers. But im in on the long term for google because google is taking over yahoo's marketshare.
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Fed Announces Rates!! Massive market Surge!! I Am Right
- Thread starter stock_trad3r
- Start date
Yea i'm down on google, too thanks to yahoo's bad numbers. But im in on the long term for google because google is taking over yahoo's marketshare.
Quote from dac8555:
I want to save this thread for future reference...it literally has every element inside that is indicitive of what NOT to do. No money management, no sound methodology, no plan, no entires, no exits, no listening to reason, nothing but hope hanging on by a shoestring. I almost dont believe it.
not to mention some classic pscological downfalls.
"I am going to hold my stock..it WILL recover"
"This is easy..i just use a program"
"I am RIGHT"
"I know what i am doing"
"I make $XXX day"
"when XXX event happens i will make all my profit back"
"i am down..i can sell now...that would be silly"
Just so you know..you should get a bounce this week...we all know it, it doesnt mean you are a genius.
I was tired of selling too soon last year. I can recall dozens of socks I sold too soon just cause they had a couple bad days. I remember buying ntri, goog, aapl, etc and selling when they dived on some random bad news. I got shaken out and I wont let that happen again. Nope. Also, these are quality companies. I'll know when to sell when the time is right.
I was tired of selling too soon last year. I can recall dozens of socks I sold too soon just cause they had a couple bad days. I remember buying ntri, goog, aapl, etc and selling when they dived on some random bad news. I got shaken out and I wont let that happen again. Nope. Also, these are quality companies. I'll know when to sell when the time is right.
How many times did we here this in '99? For Gods sake dude how long have u been trading?
How many times did we here this in '99? For Gods sake dude how long have u been trading?
This is without a doubt the most ludicrous thread I have ever seen on any board anywhere.
Stocktrader you say you make 500 dollars a day day-trading? How in the world could you possibly make any money in this market when you keep a stock that drops 10% in one day. You obviously don't have a clue as to when to get out of a stock. You don't have any pre-set exit points WHICH IS A FORMULA FOR DISASTER.
It's ok to be wrong. Only a fool continues to hold a stock hoping to prove himself right. My dog has better predictive ability.
If you wish to continue to lose money in the stock market then continue to do EXACTLY WHAT YOU ARE DOING. I wish you were one of my customers. Heck I have no doubt I could sell you my inventory at twice what it's currently worth.
Get it through your head. The bull market is over. The bear market has started. There will be upturns, but the bear is here for at least 6 months. The best case scenario is the market trades sideways, but I wouldn't bet on it.
If you are not going to trade with the trend of the market then don't trade. The trend is down until broken.
Stocktrader you say you make 500 dollars a day day-trading? How in the world could you possibly make any money in this market when you keep a stock that drops 10% in one day. You obviously don't have a clue as to when to get out of a stock. You don't have any pre-set exit points WHICH IS A FORMULA FOR DISASTER.
It's ok to be wrong. Only a fool continues to hold a stock hoping to prove himself right. My dog has better predictive ability.
If you wish to continue to lose money in the stock market then continue to do EXACTLY WHAT YOU ARE DOING. I wish you were one of my customers. Heck I have no doubt I could sell you my inventory at twice what it's currently worth.
Get it through your head. The bull market is over. The bear market has started. There will be upturns, but the bear is here for at least 6 months. The best case scenario is the market trades sideways, but I wouldn't bet on it.
If you are not going to trade with the trend of the market then don't trade. The trend is down until broken.
Quote from HolyGrail:
This is without a doubt the most ludicrous thread I have ever seen on any board anywhere.
Stocktrader you say you make 500 dollars a day day-trading?
How in the world could you possibly make any money in this market when you keep a stock that drops 10% in one day. You obviously don't have a clue as to when to get out of a stock. You don't have any pre-set exit points WHICH IS A FORMULA FOR DISASTER.
It's ok to be wrong. Only a fool continues to hold a stock hoping to prove himself right. My dog has better predictive ability.
If you wish to continue to lose money in the stock market then continue to do EXACTLY WHAT YOU ARE DOING. I wish you were one of my customers. Heck I have no doubt I could sell you my inventory at twice what it's currently worth.
Get it through your head. The bull market is over. The bear market has started. There will be upturns, but the bear is here for at least 6 months. The best case scenario is the market trades sideways, but I wouldn't bet on it.
If you are not going to trade with the trend of the market then don't trade. The trend is down until broken.
Um...I dont think I would want your crappy inventory.
The bull market is starting. Look at the nasdaq..it is up 1% on the fed news. The nasdaq made a bottom yesterday and then rebounded off of it very sharply. People are done selling. It is time to buy, and if there is any time to buy it is now. I may be wrong, but im not out.
I don't get out because of a single down day if the underlying business is strong. Selling too soon will cripple your yearly returns.
Anyway, I can;t change your guys mind. Thats not the point. Time will tell whos right.
Quote from stock_trad3r:
Um...I dont think I would want your crappy inventory.
The bull market is starting. Look at the nasdaq..it is up 1% on the fed news. The nasdaq made a bottom yesterday and then rebounded off of it very sharply. People are done selling. It is time to buy, and if there is any time to buy it is now. I may be wrong, but im not out.
I don't get out because of a single down day if the underlying business is strong. Selling too soon will cripple your yearly returns.
Anyway, I can;t change your guys mind. Thats not the point. Time will tell whos right.
At 10:25 EST NQ futures were up one point, not one percent.
If you do not get out because of a single day, then you must be out, since the Nasdaq has had MANY down days since it began its near 20% decline.
hey stktrader
why dont you remind all of us how your "trading desk" was buying small and mid caps "hand over fist" on May 12th? You guys might want to check your charts to see how badly this buffoon took it if he was buying size 2 months ago.
Need we say more idiot.
why dont you remind all of us how your "trading desk" was buying small and mid caps "hand over fist" on May 12th? You guys might want to check your charts to see how badly this buffoon took it if he was buying size 2 months ago.
Need we say more idiot.
If you look at the past 4 years of the nasdaq you will see that is had corrected many times, yet recovered EVERY time:
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=3&mn=0&dy=0&id=p14542042506
This is just another one of those corrections, but is it probably over. See how it rebounded sharply off 2005's NOvember's low of 2025? Very bullish. Nasdaq probably going to close up 2% and there WONT be a selloff afterwards. Shorts got too comfortable with the fed, but now the tide has turned.
The nasdaq will retouch 2400 in a few months or so. Hate to be short.
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=3&mn=0&dy=0&id=p14542042506
This is just another one of those corrections, but is it probably over. See how it rebounded sharply off 2005's NOvember's low of 2025? Very bullish. Nasdaq probably going to close up 2% and there WONT be a selloff afterwards. Shorts got too comfortable with the fed, but now the tide has turned.
The nasdaq will retouch 2400 in a few months or so. Hate to be short.