Gotta love ZERO RISK in the SP500 = $$$

Quote from EPrado:
I think you are mistaking perma bears with people who know how to trade.

Today was a very big for any trader who jumped on the short side once the Mar EP failed to breakout past 1464. These trades are about as easy as it gets.


The morons on tv are blaming this sell off on Iran News. Iran has NOTHING to do with this sell-off. It's a failure to breakout...now the longs late to the party are puking.
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ELPRADO!!!!!!!!!! Holy. Good to hear from you, I was fearing you were wiped out on your short positions :p Finally a real trader in our little thread!!!!!!!! Good to have you back!!!!!
 
now what does one do.

Do you buy this dip, or is this the beginning of a small pullback. Its just too hard to tell, if things get really bad into the close it will be time to think over this situation.
 
Quote from S2007S:
Do you buy this dip, or is this the beginning of a small pullback. Its just too hard to tell, if things get really bad into the close it will be time to think over this situation.
More...
Let's do some mental backtesting. Just close your eyes and think about what happened the last 999 times the ES went down 0.5% intraday. :D
 
Quote from EPrado:

I think you are mistaking perma bears with people who know how to trade.

Today was a very big for any trader who jumped on the short side once the Mar EP failed to breakout past 1464. These trades are about as easy as it gets.


The morons on tv are blaming this sell off on Iran News. Iran has NOTHING to do with this sell-off. It's a failure to breakout...now the longs late to the party are puking.
More...


They will blame it on anything, as for the iran news, I dont think its because of that. They will find any excuse than the real excuse which is that this market and every market around the globe is overbought.
 
Quote from makloda:

Let's do some mental backtesting. Just close your eyes and think about what happened the last 999 times the ES went down 0.5% intraday. :D
More...


yep climbed right back up.


I still believe that the bulls own this market, even if were down again tomorrow.
 
Quote from S2007S:

yep climbed right back up.


I still believe that the bulls own this market, even if were down again tomorrow.
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:)

I'm smiling because I just watched exactly what you guys are talking about..
 
<i>"Let's do some mental backtesting. Just close your eyes and think about what happened the last 999 times the ES went down 0.5% intraday."</i>

Well... I can't speak for you or <b>eqt</b>, but this is pretty much what happens to me intraday during similar events:
 

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Quote from makloda:

ELPRADO!!!!!!!!!! Holy. Good to hear from you, I was fearing you were wiped out on your short positions :p Finally a real trader in our little thread!!!!!!!! Good to have you back!!!!!
More...


Thanks..glad to be back. I know you missed me. Have been busy trading other mkts. Came back in the SP the last few days...actually got beat up in em shorting (I know that brings a smile to your face). Luckily today caught it good after we failed to breakout.....made back 4 fold.

Apparently there is a rumor going around about the terror alert being raised causing this. If there ever was a reason to buy , today is probably the day. I highly doubt the rumor is true..and if so...who cares.
 
Quote from S2007S:

They will blame it on anything, as for the iran news, I dont think its because of that. They will find any excuse than the real excuse which is that this market and every market around the globe is overbought.
More...


Exactly.....now it is being reported that there wll be no raising of the terror alert. Dow will probably close up 50.
 
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