Got a feeling, tomorrow 2:30pm crash

[Free Thinker]

Quote from yoohoo:

If you got a feelin you gotta trade it. That's the best way to put feelings where they belong. Bet the house on a put option well out of the money. You'll be rich and stupid or poor and smart. If you are the former, just keep repeating your actions until you become the latter. Then you can start trading.

do you really think this is good advice? what put options have you purchased? we would like to see how it works out.

 

[kashirin]

I don't really think the sell off will be on fed.
ALthough I have the different feeling that sell off will be on Democrats win.

Do you think I should sell the next day after elections if it's happened or make a bet and sell several days before?

 

[yoohoo]

True story - I was working for a broker in London and this 18 year old came in - he felt that the market was going to crash but he knew nothing about trading. He bought an out of the money put for £200. That was Thursday before Black Monday Oct19th 1987. He cashed in for over £13,000. He did the same thing again and I know this sounds hard to believe, but he lost it all. He's still trying to figure out what went wrong with his feeling. If the same thing happened you could score big time. When it happened it took everyone by surprise as far as fundamental reasons were concerned. Lots of post mortoms for years. Believe me, he was just lucky.

 

[dandxg]

Quote from yoohoo:

If you got a feelin you gotta trade it. That's the best way to put feelings where they belong. Bet the house on a put option well out of the money. You'll be rich and stupid or poor and smart. If you are the former, just keep repeating your actions until you become the latter. Then you can start trading.

I think that's bad advice. I trade what I see on the chart, not what I think. If you do well trading off of gut instinct that's good for you.

 

[blk]

Quote from yoohoo:

If you got a feelin you gotta trade it. That's the best way to put feelings where they belong. Bet the house on a put option well out of the money. You'll be rich and stupid or poor and smart. If you are the former, just keep repeating your actions until you become the latter. Then you can start trading.

LOL. That is a good one. One of the best around here at ET.

 

[Trader273]

In ROASO, Livermore often took trades based on gut feel. If I recall correctly, those were some of his most profitable trades. Would I do it?, hell no. Trade whats on the chart, probably the best advice.

But if you have this feeling and don't take any action and it turns out you are correct, you are going to be killing yourself. So the next time you get a gut feel, you're probably going to remember the last time you had a gut feel and how much would you WOULD HAVE made if you followed it. So more than likely you'll take a huge position on this feeling and probably get killed. So you'll be back to kicking yourself again.

Possible solution. Take a small position. Something that wont make you rich, but at the same time won't wipe your account out. If you're right maybe your on to something. If your wrong you satisfied the need to play your hunch and at the same time didnt blow your account out.

 

[AKUMATOTENSHI]

A small correction is due soon, not a crash. The last time a TZOO and a couple of other stocks started moving swiftly to the upside this April/May it was a signal that we are headed for a short term correction.

Akuma

 

[polpolik]

I think I saw a special on BBC that talked about our gut feelings. They usually are triggered by our minds when it sees a recurring pattern that we have seen before. Our subconscious is telling us something but our consciou mind just doesn't see it.

Quote from Trader273:

In ROASO, Livermore often took trades based on gut feel. If I recall correctly, those were some of his most profitable trades. Would I do it?, hell no. Trade whats on the chart, probably the best advice.

 

[skulltrader]

Quote from polpolik:I agree I once saw a documentary either on TLC or discovery and they were doing they same thing with Firefighters, when they had a gut feeling it was their subconscious reminding them of an event that they had already lived and would therefore react in the appropriate manner. For instance they showed how this firefighter was in a house on flames and something was telling him that "something was wrong" he immediately got out and the house crumbled...

I think I saw a special on BBC that talked about our gut feelings. They usually are triggered by our minds when it sees a recurring pattern that we have seen before. Our subconscious is telling us something but our conscious mind just doesn't see it.

 

[LeonPhelps]

Quote from skulltrader:

I agree I once saw a documentary either on TLC or discovery and they were doing they same thing with Firefighters, when they had a gut feeling it was their subconscious reminding them of an event that they had already lived and would therefore react in the appropriate manner. For instance they showed how this firefighter was in a house on flames and something was telling him that "something was wrong" he immediately got out and the house crumbled...

Shit, man, if I were in a burning building my spidey sense would be telling me "Feet do yo stuff!" 100% of the time.