Nikkei down 466 points!

Lindq... Yes you are right, I totally agree with your advice!!! :)

Funky... I can put an awesome laptop set-up with wireless internet connection in your Lancair IV P. Trading from the heavens at 300 knots!!! Sounds cool!!! :cool:

www.lancair.com

Chris
 
I tend to agree with one analysts' prognosis of the US market that we are not living in the POST bubble market, because the bubble has not completely popped yet!

Even though long term I see worse days for the stock market, let's not forget two strong influences: (1) several market cycles bottomed in 2001-2002 time frame, (2) presidential election year coming up, which the majority of the time sees a bull market.

Taking this one step further, there is enough negativity going around to support future gains in the stock market. Analysts were starting to call a top in 1998, and missed the best part of the prior bull market.
 
great! i was going to get a lancair anyways (not the kit, already built!). can you integrate that into the panel? :cool:

btw, i have my instrument single engine land...so i really don't have to look outside to fly....just watch the indicators (you know, attitude, altitude, and pivot levels).

Quote from AMT4SWA:

Lindq... Yes you are right, I totally agree with your advice!!! :)

Funky... I can put an awesome laptop set-up with wireless internet connection in your Lancair IV P. Trading from the heavens at 300 knots!!! Sounds cool!!! :cool:

www.lancair.com

Chris
More...
 
Quote from AMT4SWA:

No offense bro... but I never much liked guys who stood behind me while I was sitting at the table. Didn't the ES drop last night? I don't know what is going to happen next, but I do know all your comments behind me while I sit at the table are not very appealing to me, and likely to others!

Never understood why some guys gotta make comments about others, while they will never come sit and join us at the table.

And where were you last night as we all spoke with emotion about the nikkei being down so much. From what I saw the ES was hit bad coinciding with all the doom and gloom I read!

Tonight there is still a HUGE gap down so maybe we head lower, but as far as a crash... I don't want to see it. But we gotta wait and see if the SPX can make it back above the 50 day EMA after the open.

b.t.w. how do you hold such a huge resentment to my overnight position while I'm working the 3rd shift? :eek:

Chris
:cool:
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We're all curious since you purport to be a seasoned veteran trader... weren't you>> last year sometime<< looking around (and asking here on ET) for recomendations for a website whereon you could learn trading, and also submitting other posts seemingly showing you were brand new at this?!

Oui?

In other words, weren't you just beginning to trade last year or earlier this year?

If so, do you really expect anyone on ET who traded for 10-20 years to believe that you (a brand new trader) take 50 ES home with you?

If so, why should anyone?

And b.t.w., don't say you do not care what other ET's think, because if you didn't............ you'd be anonymous, and not "brag" about your skill and risk taking acumen with ES overnight! Frankly it sounds frivolous to me.

But if you're for real.. then regards...

and bonne chance! :p

ICe
:cool:
 
The amount of time you are trading does not necessarily dictate the size that you trade. I have a friend who has been trading futures less then a year and trades 60 lots of the big bond contract. Just because you can't see yourself doing it does not mean it can't be done.
 
Quote from AMT4SWA:

Thank you for the heads up!

Chris
More...

-- I'm just speculating about that. It's the only thing I know of that might have such a definite, localized effect, and the issue has been on the table of late.
 
No I am not new to this. I have been trading for a total of 5 years (3 years with stocks and 2 years in the ES). I have been on "ET" for about a year and a half now, and yes I will always continue to ask questions.....don't you?

You really need to open your mind my friend.... 50 ES is really nothing ....they were flying by all day on the T&S, and 100's and 200's, and 250's. I am a very small fish in the sea at this point in my trading and I will make sure that it is not that way for long!

Good Fortunes!

Chris

BTW, Iceman...you could never be my wingman! :eek:
 
Quote from cornholetrading:

The amount of time you are trading does not necessarily dictate the size that you trade. I have a friend who has been trading futures less then a year and trades 60 lots of the big bond contract. Just because you can't see yourself doing it does not mean it can't be done.
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If the time that you are trading does not necessarily dictate the size you trade... that explains why so many wunderkinds experience, sooner than they desire, the old adage about 15 minutes of fame.

b.t.w. anyone get in on the last 30 or so minutes today!!! Got long SPX ITM calls... near lows (lucky). Planned on holding O/N; but couldn't resist selling in AH. Why take it home? But did add long OTM calls just in case hammers on SPX/NDX along with T/L support and 50 day EMAs are precursors to a Monday move higher.

We will see

My view is we rally in November into expiry, to new highs; "maybe" from slightly lower levels. Is there a fundamental reason why? Nope, there may be none. Just staying with the trend, irrational as some may perceive it to be.


ICe
:cool:


ATM4SWA..... FYI, I 'd make anyone great wingman... but looking for one myself.

:p
 
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