I've been here a decade, you think a couple of loosing trades puts me out of the game. Buddy I do this for a living, guess you have not been here long enough to see my 60k winners. But you go ahead a pound you chest. Lets see if your here next year.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
I agree. If you think he is toasted with just one 3500 loss, you are wrong. Check out his posts in the last 2 months. He keeps buying 10 contracts of futures (either DOW or ES) and most of them time the trades goes in his favor. He knows that when he posts his trades in real time, there is a chance of being criticized if the trade does go in his favor. Real traders are not afraid of this.
Market looks weak to me - I wouldn't be buying, particularly when China part II starts up in an hour or so. But we shall see.
Now is 6.35am GMT time 28 July.
I just long YM with the average entry price of 17460 with half the size of my normal position. Stop loss at 17310.
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China, I knew they would pull something once there markets started to fall again. They learned it from the US. Ben Bernanke and his QE, same thing. Free market what a complete joke.