I'm buying calls

I'm still not too worried

Ben probably has some tricks up his sleave. Markets selling off for no good reason. Stimulus passed. Geither says more needs 2 be done, which means more bailouts & buying up bad debt. We're testing support of 7900's on the dow again.
 
how will you feel if support is busted right through?

Quote from stock_trad3r:

I'm still not too worried

Ben probably has some tricks up his sleave. Markets selling off for no good reason. Stimulus passed. Geither says more needs 2 be done, which means more bailouts & buying up bad debt. We're testing support of 7900's on the dow again.
More...
 
Quote from stock_trad3r:

I'm still not too worried

Ben probably has some tricks up his sleave. Markets selling off for no good reason. Stimulus passed. Geither says more needs 2 be done, which means more bailouts & buying up bad debt. We're testing support of 7900's on the dow again.
More...

Yeah, it's a great buying opportunity. Why don't you pick up a few more SPY Feb 90 calls, or the 85s? Can't lose! Firesale prices!
 
Quote from stock_trad3r:

this is a serious bet. If this fails then I'm really full of shit and deserve to find another hobby.
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What will your new "hobby" be in the next couple of weeks?
 
The very use of the word "hobby" to describe your trading endeavors should have been a red flag, and should be for anyone else who reads this.

<i><b>Be warned, when you don't know that you don't know, you probably shouldn't be in the trading business.</i></b>


Years, not months or days, should be spent understanding what you don't know. When you figure out what you do know, you'll probably figure out the uncertainties.

I've eliminated my uncertainties with statistical trading that took upwards of 3 years to create so that I know what to expect in my day to day trading. When you don't know what to expect, you don't know that you don't know.

Losing money doesn't necessarily mean you didn't know. It says more about your timing than about what you didn't know. I've stated the timing was wrong in that you didn't pay up for an extra two months.
 
Quote from l2tradr:

What will your new "hobby" be in the next couple of weeks?
More...

tick, tock, tick, tock

basket weaving?
bird watching?
scrap booking?

tick, tock, tick, tock

(I'm on pins and needles)

I'm imagining his first words once he packs his bags from ET and appears on EliteBirder

If I don't see a striped Po'ouli by the end of the month, I'm closing my account! I know how birds work!
 
wow, I didn't know my hero had a journal, and it's going just as expected!

All right people, back off and give a genius the room he needs to think
 
Quote from bwolinsky:

The very use of the word "hobby" to describe your trading endeavors should have been a red flag, and should be for anyone else who reads this.

<i><b>Be warned, when you don't know that you don't know, you probably shouldn't be in the trading business.</i></b>


Years, not months or days, should be spent understanding what you don't know. When you figure out what you do know, you'll probably figure out the uncertainties.

I've eliminated my uncertainties with statistical trading that took upwards of 3 years to create so that I know what to expect in my day to day trading. When you don't know what to expect, you don't know that you don't know.

Losing money doesn't necessarily mean you didn't know. It says more about your timing than about what you didn't know. I've stated the timing was wrong in that you didn't pay up for an extra two months.
More...

As far as light at the end of the tunnel trader, I'd love for the market to go up substantially. Why? So I can sell short again. Otherwise plus or minus 4% and we're neither overbought nor oversold. We are essentially in a fair value range with neither sustained moves up nor sustained moves down. But, hey, most of the time we're in fair value ranges where random walk theory applies, but in the areas outside of fair value, I got to tell you those are worth taking large positions on. I think a rally will come towards the end of your expiration, because I'm sure you're not the only trader whose bet on that direction. I'm saying, the market will have to come in a lot for me to go long, and I'm actualy favoring the overbought side to go short.
 
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