I'm shorting AAPL and GOOG

[asiaprop]

last thing I may add before I let you keep going:

Markets are not static, run a backtest and you find that your idea of shorting tech names in January (or pick ANY point in time you want) will at best come out to be even. By the way, 20 observations is about as little as you can have to make any valid point, backed by statistical evidence. So, please do get your own facts straight first before you discount what others say. Good luck in your trying to short into an uptrend. Nothing right now points to the markets wanting to turn down. Until this happens why dont you simply buy on the dips? Do you feel bad to side with Wallstreet? ;-)

Quote from retaildaytrader:

Ok, it looks like you typed lots of bullshit. I deal in facts. Why dont you look back at the last 20 years of Apple trading and tell me what has happened each year right around now to tech and Apple in general.

I dont give a shit when you got your shares, we are talking about a shorting strategy for the stock right now. Save your bullshit for someone else. Everyone has made money during this upturn not only you.

 

[twofacedjoker]

I have opened a small negative bias on Apple Inc... you know, for fun because it seems to be one of these artifacts resistant to rusting.

 

[FanOfFridays]

Quote from retaildaytrader:
I dont give a shit when you got your shares, we are talking about a shorting strategy for the stock right now. Save your bullshit for someone else. Everyone has made money during this upturn not only you.

Oh, now I get it!! I just figured it out. Where did you short AAPL? Looks like someone has been short for a while and may be losing it a bit.

I must be getting old, I didn't catch on right away. That post made it pretty clear, though.

That's what happens when swing against the trend and fail to honour your stops. Tell us.. how many times did you double down?

 

[FanOfFridays]

Holy Jesus Christ!!

Is this you, son?

http://www.elitetrader.com/vb/showthread.php?threadid=186513

 

[retaildaytrader]

This image is not from me, but a blog I found on the net. I wanted to take the time to make my own chart demonstrating the facts, but I don't like to waste my precious time with a random bunch of idiots on the web who dont like to look at facts.

So you have a significant correction each and every January since 2001. I know many of you guys, even before you traded, probably experienced this over and over again when you rebalanced your mutual accounts at the start of the year. You rebalance in January and then all of a sudden there comes this weakness out of nowhere. By March, you are banging your head against the wall wondering how your mutual fund accounts lost 6 months of gains and you were the idiot that rebalanced it in January.

My one question is when are you guys going to learn. If since 2001 you have this one event happening over and over, guess whats going to happen this year? Tell me, give me one reason, why this time is different?

 

[muller]

you must be very lucky if you don't have the need to refine your approach to trading

Quote from retaildaytrader:


I dont give a shit when you got your shares, we are talking about a shorting strategy for the stock right now. Save your bullshit for someone else. Everyone has made money during this upturn not only you.

what shorting strategy? you're playing a "year end cycle" game. using guts and calendar as entry signals.

you are wrong with it this time.
but good you have stops.

 

[muller]

Quote from retaildaytrader:

My one question is when are you guys going to learn. If since 2001 you have this one event happening over and over, guess whats going to happen this year? Tell me, give me one reason, why this time is different?

so you do look at charts...
you should have posted an AAPL chart. so then we can all see that it did not happen every year (4 off 8 years only).
for your strategy shorting QQQQ would've been safer. but even that one looks bullish right now

 

[FanOfFridays]

Quote from retaildaytrader:
I trade based on gut feeling.

But not in this AAPL trade, which isn't about gut feeling at all, or so you're telling us! Have you ever heard the term 'seasonal'? This is a seasonal trade like long Feb, short August wheat (or whatever). You seem confused about what you're saying here.

Quote from retaildaytrader:
Charts and technicals seem to be of little value in today's market.

What the hell is that you just posted above??

EDIT: LMAO!!!

You've been saying that AAPL does such and such like clockwork but you posted a QQQQ chart up to illustrate it??

Seriously man, you're making an idiot of yourself for true now. Stop this, try again with another username.

 

[FanOfFridays]

Quote from retaildaytrader:
I know this can't last

Truly, if you look in the dictionary under 'famous last words'...

You take this approach, they'll carry you out, eventually.

 

[NoDoji]

Quote from retaildaytrader:

Buy-stop for GOOG is 625 and buy-stop for AAPL is 210.

I will venture a guess that your buy stop is likely a good zone to be shorting AAPL for a pullback in its uptrend.

Counter-trend trading works best when you short from above resistance or below support.