I Got this one wrong guys.....

Max E. said:
Those are questions i have thought about, thank you for the response, there is no way that even in the best case scenario, the economy gets back to all time highs.... we are looking at shaving 30 percent of everything regardless of the starttime, so how is the move in the stock market possible?

This move assumes we get right back to business as usual, something that isn't possible....

Im betting against the highs, I've been wrong before big time, so it would be wrong to simply think i got it, but this time I'm not wrong.... i don't see how this market can possibly keep going.

If I'm wrong, then everything we have been taught about economics doesn't make sense..... this market has to top. Otherwise its just a matter of printing your way to new highs.
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I think your in a shock mindset, it happens, and i dont think you can change your mind, it happened to me before, only thing i can say is use options for god sake to limit your losses, pay a little premium better than be naked short, assuming you arent doing that already
 
vanzandt said:
>>>And?


View attachment 227484

You're right, but when the drop comes it will be swift and timing it will basically be luck.
I wouldn't short that chart. It looks to me like its gonna be a slow grind up Max.

Being right but being early is the same as being wrong in this game.
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true that timing is everything but you dont have to catch exact minute it can be done a bit in advance if the position is inputted correctly/time wise
 
Max E. said:
Thanks Lonestar, Vanz, SteveM, Vincent, Km, WRB, All you guys are right, I just feel like i cant let this trade go...... I feel like I'm going to puke when i miss it, but you guys had the right advice I don't know what to do, because i keep seeing this monster short, and i feel like if i don't take it I'm going to feel like a complete idiot..... I built money trading this way, more based on short term setups, but i have never dealt with being on the wrong side of the market as was whole.

This market is grinding me to death, every day i don't understand why its up on bad news, and i feel like its about to crack....
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Options options
Options options

put options for you
 
ironchef said:
Don't abandon what works for you for 15 years and bet it all on an iffy trade.

Real GDP decreased 4.8% in Q1, not 30% even though unemployment was up to 14.7%.
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Absolutely stock to what you know but improve how you express it

i used to use his style and fade big moves but was always wrong on timing even though 99% of the time the direction was right, and realized the key is having money to keep betting even if its same position over and over other wise when the move happens you might not be there
 
systematictrader said:
Absolutely stock to what you know but improve how you express it

i used to use his style and fade big moves but was always wrong on timing even though 99% of the time the direction was right, and realized the key is having money to keep betting even if its same position over and over other wise when the move happens you might not be there
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And just to confirm iam also short the market and shorting more and more slowly based on signals though not based on averaging down the cost but i will switch upwards shall
Things change

i believe few more days or weeks of scary drops are bound to come before we continue upwards, specially now that all these articles are coming out as always after the fact they come, they are the best indicators ever in my experience
 
systematictrader said:
true that timing is everything but you dont have to catch exact minute it can be done a bit in advance if the position is inputted correctly/time wise
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Just don't use margin. Use options.
And I was looking for some individual stocks for Max to use the options on.

Edit....
OOps, I just read the subsequent posts.
100% right.
 
OP: you probably hear this already, the trend is your friend until it ends. it is still an uptrend since late march. why are you going against the uptrend?
 
So why do you "see" this monster short? What is suggesting to you that it's a monster short?

Why do you "feel" like it's about to crack?


Max E. said:
Thanks Lonestar, Vanz, SteveM, Vincent, Km, WRB, All you guys are right, I just feel like i cant let this trade go...... I feel like I'm going to puke when i miss it, but you guys had the right advice I don't know what to do, because i keep seeing this monster short, and i feel like if i don't take it I'm going to feel like a complete idiot..... I built money trading this way, more based on short term setups, but i have never dealt with being on the wrong side of the market as was whole.

This market is grinding me to death, every day i don't understand why its up on bad news, and i feel like its about to crack....
More...
 
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