Kudos to MMs

Quote from nitro:

Economist Caution: Prepare For 'Massive Wealth Destruction'

http://www.moneynews.com/MKTNews/Ma...511043/?promo_code=13E5C-1&utm_source=taboola

Will add more units short at 1720, 1742, 1772. As we approach 1800, I will start to add unit multiples short. 1772 will get 8 units.
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you are quoting a hugely biased site? as if its a legit economist? (i happen to be quite conservative..but cmon!)

i have said here so many of you guys trade far too much on your own personal bias's such as strong end of world bias, T/A bias...etc

what imo a lot of you guys cannot do is "aggregate" all of your fundamental, and technical indicators with much less of your emotion to possibly get a better forward pricer model.
 
during this 100 point pullback in an up trend, absolutely nothing changed regarding QE policy....
... that is why speculation is a waste of time
Quote from elovemer:
speculation has nothing to do with trading
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Quote from nitro:

Economist Caution: Prepare For 'Massive Wealth Destruction'. I will start to add unit multiples short.
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Imagine how much profit you'd generated if you did exactly the opposite of what you've been doing. That would be:

2 long @1229.89, 1 long @1288.60, 1 long @1321.20, 1 long @1572, 1 long @1567, 2 long @1629, 1 long @1642, 1 long @1670.
With S&P 500 currently at 1679, this equates to a gain of 2011 S&P points, or $100,550 in profit if trading the ES.

Doesn't that give you a pause? Just to break-even on your series of shorts, the S&P 500 would have to drop by more than 200 points. Even if it does, it would still be a lousy trade because of the huge drawdown.
 
Quote from nonlinear5:

Imagine how much profit you'd generated if you did exactly the opposite of what you've been doing. That would be:

2 long @1229.89, 1 long @1288.60, 1 long @1321.20, 1 long @1572, 1 long @1567, 2 long @1629, 1 long @1642, 1 long @1670.
With S&P 500 currently at 1679, this equates to a gain of 2011 S&P points, or $100,550 in profit if trading the ES.

Doesn't that give you a pause? Just to break-even on your series of shorts, the S&P 500 would have to drop by more than 200 points. Even if it does, it would still be a lousy trade because of the huge drawdown.
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true dat!
 
Quote from nonlinear5 (06-27-13 10:06 AM):

The guess that "the next target is 1542" is just as good as the guess "the next target is 1687", considering that you hold (a losing position) for multiple months.
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We HAVE a WINNER!!!!!! 1687!!!! DING, DING, DING, DING....
 
From the greatest trading movie of all time-

Billy Ray Valentine: Oh, see, I made Louis a bet here. See, Louis bet me that we couldn't both get rich and put y'all in the poor house at the same time. He didn't think we could do it. I won.

Seems there is some applicability here!!!! Booooya!
 
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