Get Out Now!

Just took a huge hit on shorting VIX futures. I'm surprised it went as high as it did; no doubt it will come down.

Will the selling continue into tomorrow? The technicals are so broken down, that it seems difficult to call. Remember the Monday after Thursday and Friday?

HALP!
 
Quote from jsp326:

Permabear vs. Permabull madness. Vulcan and you should go on Jerry Springer or something.
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Its obvious from your posts you know very little about trading.
If you think going long the SPY in December was a bad idea, you're nuts. SPY ranged nicely for 6 months.
 
Quote from Vulcan Trader:

IM NOT A PERMABEAR. I BASE MY TRADES OFF OF EACH DAYS PRICE ACTION. SO TODAY I COULD SHORT AND TOMORROW BE LONG. I CHANGE WITH THE TREND.
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Listen, fucker, you told all retail traders to liquidate all their holdings or they'd go bankrupt. Now you claim you reserve the right to change your mind every day. In other words, you want your followers to churn their accounts down to nothing.

The idea that the "trend" changes daily is a dead giveaway that you are useless.

I can't tell if you are just being a complete joke on purpose or you're literally insane. In either case, your advice sucks the big one.
 
I agree with Nine Ender. Valuation support creates a margin of safety. With a PE of about 12, the SPX is pretty cheap. Even if you believe earnings should be cut by 50%, a PE of 24 doesn't seem unreasonable when cash is not an option and we can't invest a trillion dollars in commodities.

It's easy to feel smart by talking doomsday. Shorts might win a few battles here and there, but in the end, the "dumb" money will win the war.
 
I would like to apologize for the drop in the market. I was just unwinding some of my smaller positions. The PPT should come to the rescue shortly. Carry on :D
 
Quote from Nine_Ender:

Its obvious from your posts you know very little about trading.
If you think going long the SPY in December was a bad idea, you're nuts. SPY ranged nicely for 6 months.
More...

Only problem is, according to you, we'd never see these prices again for at least another year.

When are you going to admit your perma-bull thesis was complete bullshit?
 
Quote from denner:

Only problem is, according to you, we'd never see these prices again for at least another year.

When are you going to admit your perma-bull thesis was complete bullshit?
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:D

IN ORDER TO SUCCEED IN THIS TYPE OF MARKET ENVIRONMENT ONE MUST MASTER THE ART OF SHORTING AS WELL AS GOING LONG.
 
Quote from Nine_Ender:

Its obvious from your posts you know very little about trading.
If you think going long the SPY in December was a bad idea, you're nuts. SPY ranged nicely for 6 months.
More...

You never gave a sell signal, fool, and now you're still touting the same bullish fluff?

You acted as if we were on the cusp on a huge new bull market when the blow-off top was only 10% away in April. That was simply noise, greed and newbie traders...as always.
 
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