I'm shorting AAPL and GOOG

I really believe this forum can be a place for education vs a forum for trolls, hacks and touts. You will not get an education from travelwander or pikertrader because the strategies they describe are Zanger-like in nature involving lots of leverage. If you traded the way they did, you would be wiped out...however, they dont trade but troll the forum. Therefore, I will give you a bit of education seeing as I am one of the few guys trading with cash here.

I described my strategy which is using a trial position with stops within 2-3% at a discretionary point. Trial positions are small and the purpose of such trades is to get your skin in the game. The only purpose behind a trial position is psychological to get you to react. If you are not playing with real money, then you cannot learn. If you dont have a position, then how can you add to it? Therefore, in order to establish a proper mindset, you start with a small trial position. As price moves in your direction, you add to the trade. Remember the old man in the stock operator book where he added with each dollar the stock went up? This is essentially that strategy.

Now the strategy which the stockpiker is one where he is using a large amount of leverage and there are certain things he is saying which are zanger like in nature. For example, carrying a short on the ES over the weekend into the New Year. That is a leveraged trade and taking it into weekend is insane. The margin requirements on the ES are very different then regular securities. This is not unusual for internet hacks to claim they are using large amounts of leverage because they want to live in a Zanger-like fantasy world. These folks should see psychologists.

The point behind my trade is that I am not using margin but a small amount of my buying power with a trial position. If the position gaps up and hits my stop, it will not be a huge loss as if I had brought the entire account out on leverage. It will be a smallish loss.

Now you can choose to wait and short on the way down, but since you have not established a position then you do not have that skin in the game. Waiting is a valid strategy, but I am comfortable using trial positions.

I never use leverage or trade options/futures. My world is very much different then the world of stockpiker. Well, I dont think he really trades, but thats a different story. I am not white knuckling it because I have no leverage in the game and far from maximum buying power.

Quote from showyouwang:

How are you even on a trade where you were stopped out for a few points, and then reshorted so that you are down another few points?

If you, sir, deal only in "facts", then how does that math work?

And don't bother saying you booked some profits -- that makes you a hypocrite on top of your overall general douchebaggery, as you scathed others in the thread for not talking their books.

You say energy and healthcares are holding up the market, when tech and raw materials has been leading the rally since May. This is on top of the relative strength the Nasdaq has been exhibiting as of late. It really boggles my mind how you can do your analysis wrong and then defend your position with so much conviction.
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Quote from retaildaytrader:

I described my strategy which is using a trial position with stops within 2-3% at a discretionary point. Trial positions are small and the purpose of such trades is to get your skin in the game.
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No, you described a strategy in which you state, after the fact, that it's a trial position when it loses many points. If it had been a winner, we would have heard an entirely different story.. You stated on numerous occasions that you disregarded your stops.
 
Quote from stock piker:

No, you described a strategy in which you state, after the fact, that it's a trial position when it loses many points. If it had been a winner, we would have heard an entirely different story.. You stated on numerous occasions that you disregarded your stops.
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Ha! Since you quoted the tool, I see he is getting more perverted.


FACT: He will not post a blotter

FACT: He will not post a blotter

FACT: He asked and YOU posted a blotter

FACT: He is full of shit.

FACT: Hard to believe the flake promoting the broker service allows this idiot to post with Baron's permission.

Oh yeah, did I say he WILL NOT POST A BLOTTER?
 
Quote from stock piker:

No, you described a strategy in which you state, after the fact, that it's a trial position when it loses many points. If it had been a winner, we would have heard an entirely different story.. You stated on numerous occasions that you disregarded your stops.
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Stock piker stop now and cut your losses RDT is making you look really bad.

You also didnt mention your alleged short position, just blatant negativity in typical ET fashion.
 
Quote from Trvlwanderer:

Ha! Since you quoted the tool, I see he is getting more perverted.


FACT: He will not post a blotter

FACT: He will not post a blotter

FACT: He asked and YOU posted a blotter

FACT: He is full of shit.

FACT: Hard to believe the flake promoting the broker service allows this idiot to post with Baron's permission.

Oh yeah, did I say he WILL NOT POST A BLOTTER?
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I just love this thread :D
 
You have been following me around all day and I wonder if you have any skim in the game. Hey no matter. I know you aint got any skin in the game so there is no trying to convince me otherwise. I think you need a psychologist.

I came into this thread like a lion with some attitude like this was a "Battle of the Trolls" movie and I was the guy with the sword fending you fuckers off. This shouldnt be in 2010 where we have to defend ourselves on internet forums because of terrorism. We should be free to state our minds without attack. Am I calling you a terrorist, sure I am, because you are like those guys in the middle east but you throw out your mindfuck bombs on here to kill us all. Terrorism isnt cool;)

However, I am going to sit here in peace and come out as a lamb trying to help a few of you guys out and teach. I am not a good teacher nor am I good writer, but I will do the best I can with what I have here in the presence of terrorist trolls who dont trade. Some may disagree with my methods, but I am happy with how I trade. I am not some prop jock and dont want to be. I know 95% of those guys dont last.

So I am going to take the time to sit here in peace and tell what I believe is happening.

My thesis involves a few aspects:

1) Psychology- This time of year technology usually is bought up into the New Year and then there is big pullback at some point. I believe the same psychology that was used the last 9 years will continue. It was also used several times during the 80s-90s with a few exceptions.

2) Financial- Its a classic scenario where underperforming etfs outperform in the New Year and overperforming etfs underperform in the New Year. I actually have some data which proves this strategy to be very credible.

If you look back at the QQQQS, XLK and many other technology stocks like Apple. The greatest volume was last year around the 4th quarter. Many entitites established positions back then and held. Now it is one year later. Over one year and the capital gains is 15%. Under one year is over 39% depending upon your tax bracket of course.

As well, the fiscal year is coming to an end today. Therefore insiders probably wont sell until January starts. Other entitites wont sell until January starts.

Everyone knows about March-June. This time period is most often the time when you can pick up stocks on the cheap. No one is going to start buying until they are convinced there is value. That value will not come until 2nd or 3rd quarter of the year.

Therefore, with every incentive to sell and little incentive to buy, stocks will come down.

3) Technical- Every rally attempt on AAPL has been sold. We have not made it past the last high. Here is a demonstration chart. I dont like charts because I feel too much emphasis is placed on them and more people wipe out with them then without them.

Notice the volume.



4) Structural- The AAPL stock has been built up on the rumors of the tablet PC. This has happened before in previous years where the price of AAPL is bought up on rumors of some new gadget. They do not have other gadgets they are releasing just the tablet. Also, remember, AAPL usually lowers guidance during the first earnings call.

Therefore, if the bottom falls out around 209 then I will start adding to my trial position. Right now, its just a waiting game. If it flys through the last high north of 214 then my trial position will be closed.

It took me a fair amount of time to type this, but it took me less then a minute to come up with this. Thats called experience and looking at the market for over 20 years on a part-time basis. The other time I had worked my own business in the construction industry involving oil-related ventures in the Eastern Hemisphere. I sold that business by the way in 2006;)

I am fairly comfortable at this juncture.
 
Who you talking about you? I asked you if you had a blotter then you turned it around on me. You stated you shorted the ES 10 points up and carrying into the weekend. Ok, so post a blotter, then you turned it around on me.

You are really a character how you terrorize these internet forums. I know you dont trade. I looked up your last 100 posts which have no value to this forum. All of them seem to be harrassing and harranging other users. Dont you think thats a little dishonorable to be harassing other people behind a computer screen. I know you would too afraid to do it in real life.

You should feel lucky the moderators here are as flexible as they are.

There is no honor in being a liar and terrorizing other people, but dont worry you dont terrorize me. I know you wouldnt say these things to me in real life. No matter.

Have a Happy New Year! I feel you need to take some time away from these forums so you can relax your mind. Dont forget that a psychologist is a valid option. Good luck.

Quote from Trvlwanderer:

Ha! Since you quoted the tool, I see he is getting more perverted.


FACT: He will not post a blotter

FACT: He will not post a blotter

FACT: He asked and YOU posted a blotter

FACT: He is full of shit.

FACT: Hard to believe the flake promoting the broker service allows this idiot to post with Baron's permission.

Oh yeah, did I say he WILL NOT POST A BLOTTER?
More...
 
Quote from retaildaytrader:

Who you talking about you? I asked you if you had a blotter then you turned it around on me. You stated you shorted the ES 10 points up and carrying into the weekend. Ok, so post a blotter, then you turned it around on me.

You are really a character how you terrorize these internet forums. I know you dont trade. I looked up your last 100 posts which have no value to this forum. All of them seem to be harrassing and harranging other users. Dont you think thats a little dishonorable to be harassing other people behind a computer screen. I know you would too afraid to do it in real life.

You should feel lucky the moderators here are as flexible as they are.

There is no honor in being a liar and terrorizing other people, but dont worry you dont terrorize me. I know you wouldnt say these things to me in real life. No matter.

Have a Happy New Year! I feel you need to take some time away from these forums so you can relax your mind. Dont forget that a psychologist is a valid option. Good luck.
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You're a psychaitrist's wet-dream. Methuselah doesn't know he's he's responding to, and thinks one of US brought up the blotter.

o
m
g

Please tell me that you like to play poker online!
 
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