Markets Up 100% Up Room To Go!!!

Quote from EPrado:

Hey....I really dont care which way the mkt goes...as long as it moves. The key to being a successful trader is the ability to trade both sides. Unfortuneatly guys like him never learn that and really never get anywhere.
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But he IS trading both sides...he says he is going long which is different that his last call.
 
Quote from stock_trad3r:

As long as there is no compelling reason for the selloff there is no reason to sell stock or go short. Sure you can short and make a small profit but when the markets rebound rapidly (as they tend to do) most shorts are forced to cover while taking a loss. The rebound is so sudden literally thousands of them are squeezed at once.
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This might be the stupidest thing I have ever read. Congrats. Today was a day where if you caught it right, there were very big profits to be made....just like last week on the short side. Your problem is you are a one sided trader who is missing out on the great side right now. Your thinking about all this short squeeze nonsense is insane.
 
The markets need buyers to short into. So please, by all means, buy the dips.

This is how institutions make money. They short into Joe Schmoe, then push it down below where he thought it could go, then stop him out and reverse it on him.
 
Quote from stock_trad3r:

if your so smart, what trades have you made?

The dow did a similar 100 point selloff when it hit 1200..um we all know how that ended

The S&P is also very stable

As said before it is the tech that is being sold after a massive runup in the past 7 months.
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My firm would fire me in a hearbeat if I posted my trades on some public chat board. Sorry buddy.

I never claimed to be so smart.....just claim that your thinking is horrendous and you are misssing out.
 
Quote from wee man:

The point being made is about trading being profitable long AND short.

This web site is for traders not investors....well, Elite Traders that is...:D
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Thank you wee man...glad to see some people are getting it. Besides being wrong on the long side at times, thses idiots and their horrible thinking go nuts when the SP bounces 2 points off its lows after being down 10 points. I guess its good to have fish like this in the mkt......
 
Quote from EPrado:

Maybe instead of cheerleading the long side all of the time, some of you guys should learn how to short....
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I am sure you made a killing in the last 4 years on the short side, Mr. Millionaire.

Just keep shorting, provides better liquidity for us dip buyers. Thank you.
 
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