damn, I loaded up on some FAZ calls today after reading your other post, didn`t work out so well today, and then bang you switched teams.......I need a direct line to your thinking........seriously...I finally broke down and bought some FAZ may calls for 20 strike, just a gamble though for sure, XLF and financials could be going much higher, or boom some well timed bad news about commercial reality bankruptcies, unemployment goes higher, or somebody big declares BK, or the stress tests reveal some interesting things about Citi, I would just like to know which way GS is trading, as they made a whole bunch of money pushing down financials in Jan/Feb.....now that they got there new offering done...who knows......I do know where the top is and that is 915 on the s&p `s.....but beyond that who knows....as these earnings were not that good.....but it seemed that the big traders just wanted to move this market and rally higher.....reminds me of the painting the tape in November/December....right before the January implosion.....so it all depends what the big guys want to do here!
Im long 50 contracts ES at 870 - bull market is back
- Thread starter Port1385
- Start date
Yep, and I found it right here . . .
http://www.bloomberg.com/apps/news?pid=20601087&sid=aaE9Lr1448tM&refer=home
You against Duncan Niederhauer.
Gee, I wonder who I'd place MY money on . . .
http://www.elitetrader.com/vb/showthread.php?s=&threadid=161101
Port1385 wrote:
>New Post 04-17-09 10:31 PM
> Longed 50 contracts ES at 870 and
> holding over the weekend. Bull
> market is back!
if you are a gambler by nature, and really hate the idea to visit some shrinks, why not using so called "lottery tickets" -- OTM options for this particular purpose? at least your losses could be much more controllable, and you get your portion of excitment, after all...
if it is what you really want (you may not know for sure, but it's evident).
the worst case scenario for you gonna be if you really right and won -- it creates and groove the very dangerous feedback/habit inside you and boosts huge desire to repeat the similar experiment(s) again and again in similar (or any other) circumstances in the future. the result is very predictable, becuase, statistically speaking, you don't have any advantage in the long run (and it does not matter what the market/setup/situation are). it is much better to be humble, not trying to be right with the market all the time, and make money using some basic principles of money management
even very big account size is not enough sometimes as a protection against drawdowns/margin calls,
because --
the smallest virus is able to kill very big giant...
>New Post 04-17-09 10:31 PM
> Longed 50 contracts ES at 870 and
> holding over the weekend. Bull
> market is back!
if you are a gambler by nature, and really hate the idea to visit some shrinks, why not using so called "lottery tickets" -- OTM options for this particular purpose? at least your losses could be much more controllable, and you get your portion of excitment, after all...
if it is what you really want (you may not know for sure, but it's evident).the worst case scenario for you gonna be if you really right and won -- it creates and groove the very dangerous feedback/habit inside you and boosts huge desire to repeat the similar experiment(s) again and again in similar (or any other) circumstances in the future. the result is very predictable, becuase, statistically speaking, you don't have any advantage in the long run (and it does not matter what the market/setup/situation are). it is much better to be humble, not trying to be right with the market all the time, and make money using some basic principles of money management
even very big account size is not enough sometimes as a protection against drawdowns/margin calls,
because --
the smallest virus is able to kill very big giant...
