Gotta love ZERO RISK in the SP500 = $$$

romik said:
Obviously I am biased, but in light of possibility of the above I placed stop above ATH. My eyes tell me it's a bit too late for that sort of rally. Which level you were thinking they may squeeze it to?
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Your stop is 10% away? That is some loss if it is hit.
 
I just don't think we're done with 2010-2040 yet. If everyone we're like "BTFD!" and some half ass bullishness V'd its way back out of here and up id say that's a good shorting opportunity. But these past couple weeks its just total doom and gloom.

Now don't get me wrong deep down I want to see a 50% correction and all that - but i also want to make money.

Romik why are you moving your stop even beyond ATH? That's the equivalent of "I'm gonna make the potential loss even higher because I want to allow myself even more room to be right - up until the point I'm dead wrong."
 
i960 said:
I just don't think we're done with 2010-2040 yet. If everyone we're like "BTFD!" and some half ass bullishness V'd its way back out of here and up id say that's a good shorting opportunity. But these past couple weeks its just total doom and gloom.

Now don't get me wrong deep down I want to see a 50% correction and all that - but i also want to make money.

Romik why are you moving your stop even beyond ATH? That's the equivalent of "I'm gonna make the potential loss even higher because I want to allow myself even more room to be right - up until the point I'm dead wrong."
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Many thought 7/2007 was the ATH and then we had 10/2007. Of course it crashed. The question is who is short when it does.
 
i960 said:
I'm of the opinion that we'll see a face ripping short squeeze before we get the real correction everyone keeps positioning for. Particularly with the "spirit" of this 6 year bull market.

Let everyone else get blown the fuck out first - then get filled at the highs.
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I kind of think we already got it...without that Fed meeting on the docket, this market had nothing but air underneath it...
 
noddyboy said:
Many thought 7/2007 was the ATH and then we had 10/2007. Of course it crashed. The question is who is short when it does.
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Yes, in mid-August I was looking for that as well (which is why I dumped alot of puts, just before the 8/24 collapse...ugh)...you guys might be right...the "price action", if I can even call it that any longer, is so skittish, illiquid that anything can spark this thing either direction.
 
i960 said:
I just don't think we're done with 2010-2040 yet. If everyone we're like "BTFD!" and some half ass bullishness V'd its way back out of here and up id say that's a good shorting opportunity. But these past couple weeks its just total doom and gloom.

Now don't get me wrong deep down I want to see a 50% correction and all that - but i also want to make money.

Romik why are you moving your stop even beyond ATH? That's the equivalent of "I'm gonna make the potential loss even higher because I want to allow myself even more room to be right - up until the point I'm dead wrong."
More...

Is there such thing as the ultimate place to have a stop? Sure isn't in any books that I read, trialed various stop placements personally. IMO there isn't. I haven't adjusted the stop, it was there since I posted my entry, big chart, big stop. Obviously I have positioned accordingly. It's a solid bet based on what I am seeing.
 
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