Get The Hell Out: Part II

Quote from trader_arb:



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wow that video is just lol...........
 
Quote from Joab:

Once a Crash hits that 5 year chart will look like a joke to you and it will be too fast and to furious for you to do anything but sit and watch your $$$ go down the toilet.

After 07 and 87 people where actually committing suicide (including friends of mine).

Crashes are called TRAGIC for a reason.

If you have never seen one live (especially when you have $$$ in the markets) nothing will prepare you for it.

Your silly little P & F chart will will not save you, but then again your a friggin expert because you've been profitable what? ... 7 whole months now.

sorry but this is exactly what this article is talking about, fools like you

Have you ever heard the saying a little knowledge is a dangerous thing. :cool:
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Long term market trend has always been up, despite crashes. October 1987 - hold your longs and recover within 18 months. On the other hand, if you were chargin on margin, say goodbye.
 
Quote from staffpro:

i bet joab is just some coleg kid tryign to act all big and he prolly doesnt even paper trade he just sits on ET in search of a holygrail lmao
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I don't know what his problem is, but obviously things are not going well in his trading, or life etc. Maybe he is short from january or march lows, and is really feeling the heat.

The market will move when it's ready to move. Whether that is now, or two months from now, no one really knows. I'll just trade based on my silly little charts. It's funny, my silly little charts tell me to be cautious, but stay long. They will also tell me when to be short. I won't catch all of the move either way, but I will catch some. I don't trade on margin, and I am never 100% invested so the market can do whatever the hell it wants, and I don't think I will be committing suicide anytime soon.
 
Quote from HolyGrail:

I don't know what his problem is, but obviously things are not going well in his trading, or life etc. Maybe he is short from january or march lows, and is really feeling the heat.

The market will move when it's ready to move. Whether that is now, or two months from now, no one really knows. I'll just trade based on my silly little charts. It's funny, my silly little charts tell me to be cautious, but stay long. They will also tell me when to be short. I won't catch all of the move either way, but I will catch some. I don't trade on margin, and I am never 100% invested so the market can do whatever the hell it wants, and I don't think I will be committing suicide anytime soon.
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agreed, and btw i use those silly little x's and o's aswell. so silly lol, i started using them ever since your amazing informative thread about them. thanks again holygrail
 
Quote from HolyGrail:

Get off your high horse. A little knowledge may be a dangerous thing, but thinking your experience makes you better is worse.

Have you ever heard that experience is only good up to a point?

Let's see, so based on your theory, someone who has traded since 1982 is better than someone who started trading in 1987, 1997, or 2002? That would also mean Jack Hershey is a better communicator than you because he has been writing longer. It would also have to mean that everyone develops skills equally in terms of time. I think not.

Experience is meaningless unless you can continue to grow and nurture that experience, which you obviously have not been able to do.

For someone who supposedly has traded for 26 years, I wonder why you are going through the trouble of finding someone to pick stocks for you? You even follow it up by making the newbie mistake of giving the scam artists your credit card. Looks to me like all that experience hasn't really paid off for you. And you have the balls to call me a fool? LMAO


http://www.elitetrader.com/vb/showthread.php?s=&postid=1933939#post1933939
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You are so out of your league, you haven't got a clue.

A wise man learns through the experience of those that have been there.

Sit through a real crash and watch for yourself the devastation it does and survive, then let's talk man to man.

Until then you may want keep an open mind and heed the words of experience.

All technical analysis will be completely useless once a real crash happens and 95% of the traders that are in this room will be wiped out.



:cool:
 
Quote from HolyGrail:

Hopefully I will never make it to your league.
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I hope you never have to live through it too BUT the fact remains it will happen again.

Sooner or later :cool:
 
Quote from Joab:

I hope you never have to live through it too BUT the fact remains it will happen again.

Sooner or later :cool:
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I know it will. I've only been trading since 1997 but I'm not an idiot. I don't base my decisions on potential catastrophic events. It's just not a way I want to live my life. I manage risk very well, so there isn't anything economically that is going to have a major effect on my life unless the world ends as we know it.
 
i hate to back up anyone thats as cocky as that but the fact is fundamentals blow charts out of the water whenever they want,something to remember when the economy is this bad,be very vigilant with stops
 
Joab, since you're an extremely seasoned trader, I'm curious why you would want to "get the hell out" rather than shorting the market.
 
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