I just don't understand why...

[murray t turtle]

Quote from Mvic:

Last time I checked, other than selling time, your only options were to go long or short an instrument. If that doesn't require picking a direction in some time frame and some instrument then you must know something I don't.

Don't you guys realize that statistically speaking someone picking an intermediate top on a weekly or monthly timeframe is no different than someone who thinks the trend will contnue. You can argue about the technical or fundamental merits of a call but just bashing someone for taking a short position at any given time doesn't make a lot of sense.

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Good points.

What may have appeared to be bashing sometimes was simply against some who kept shorting- posting into strong uptrends. And the results /timing usually werent helpful.

In other words ,same thing as CNBC trying to get everyone long all during the last bear market. Stat wise it is different.
Maybe doesnt deserve bashing ;
but a current correction

 

[murray t turtle]

Quote from brownsfan019:

I just don't understand why traders get stuck on a direction of the market (usually up or down) and then live or die with their prediction.

Why bother trying to make a prediction as bold as - Dow down 100 pts tomorrow! or Just bought a ton of DIA puts! etc. etc.

We'd all love to call the tops/bottoms consistently, but that will never happen.

Why not just go with the flow and make some money? Why put your money at risk with predictions that are so bold and possibly risk so much of your account in order to do so?

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Agree with much of that, including recent DIA range is closer to $1.00 than $1.50;
& fortunately that poster actually didnt call it a prediction .

Also noticed its not so much trend or counter trend that gets bashed;
but the ego of the trader, a well as his timing/depth/height or probibility of the move is a factor.

 

[brownsfan019]

Quote from murray t turtle:
Also noticed its not so much trend or counter trend that gets bashed;
but the ego of the trader, a well as his timing/depth/height or probibility of the move is a factor.

Good points murray.