I think the quote is:
"The market can remain irrational longer than you can remain solvent."
--Lord J. M. Keynes--
PS: that being said ....... I'm adding negative delta in here (after bailing ((rolling)) some too)
Melt Up
- Thread starter Samson77
- Start date
I think the quote is:
"The market can remain irrational longer than you can remain solvent."
--Lord J. M. Keynes--
PS: that being said ....... I'm adding negative delta in here (after bailing ((rolling)) some too)
Quote from Samson77:
Sometimes the market truly amazes me even after being in this business for 20 years.
$60 Oil - has to cost each household an extra $800 per year.
Interest rates - continue to hike.
Yuan floated - that's going to cost the consumer an extra 30% for everything they buy at wal-mart etc...
All I can say is sometimes it really feels like the markets are being manipulated even though I know they are not.
The ONLY thing that makes any sense to me is that money is flowing from overvalued realestate into the markets.
Sometimes all I can say is "I just don't get it" !!!!
Just so you know I did take 3 longs and one short today though.
I know exactly how you feel...You cant use logic in trading.
Its amazing because you are not looking at it from another angle,
$60 Oil - most household just no longer drive because they are cash strapped by their mortgage
Yuan floated - everything become at least 50% cheaper as the banks in China all goes bankrupt for their books are all cooked up in their valuation by 90%
Interest rate - a by-product of the currency, and as Yuan crash, no inflation nor interest rate hike
Do not take it so seriously - if you cannot figure it out, take a break
Lawrence after a few glasses of wine
$60 Oil - most household just no longer drive because they are cash strapped by their mortgage
Yuan floated - everything become at least 50% cheaper as the banks in China all goes bankrupt for their books are all cooked up in their valuation by 90%
Interest rate - a by-product of the currency, and as Yuan crash, no inflation nor interest rate hike
Do not take it so seriously - if you cannot figure it out, take a break
Lawrence after a few glasses of wine
Quote from Samson77:
Sometimes the market truly amazes me even after being in this business for 20 years.
$60 Oil - has to cost each household an extra $800 per year.
Interest rates - continue to hike.
Yuan floated - that's going to cost the consumer an extra 30% for everything they buy at wal-mart etc...
All I can say is sometimes it really feels like the markets are being manipulated even though I know they are not.
The ONLY thing that makes any sense to me is that money is flowing from overvalued realestate into the markets.
Sometimes all I can say is "I just don't get it" !!!!
Just so you know I did take 3 longs and one short today though.
CHARRRRRRGE!!!!!......ATTACK!!...ATTACK!!
Quote from lilduckling:
this mkt is pissin me off!!
Why so, all you have to do is go long the market if your having problems trading.
You could of also took my calls based on firm DD/homework provided for free to go long STRA or MSTR into earnings which are both up over 17% since.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=52977
Opportunities are out there and the market is getting easier to trade and coin with the bullish rally in housing, oil, biotech, stock exchanges (CME, AX, NDAQ), and now the S&P and Naz. Just ride the trends and do homework. I think too many traders overthink the market and their trading.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=52977
Only 100%? you're a mook. Wait till the housing money pours back into the market. Stocks are gonna have 30 and 50 and 100 point ranges in a day again. We're gonna party like its 1999.
This is what I have as the minimum target.
So far, this has been the best one month move in the S&P since 12/2003. A MONTHLY CLOSE above 1220 insures that the bullish tone will continue to the S&P. Over the shorter term, the market should find support at 1232.00