*Nine Ender Exposed*

Quote from atticus:

Perhaps Elvis or Hoffa knows?

lol, this delusional midget is having a psychotic break in the middle of ET. The 100-share BMO trader has lost it.

tilt. tilt. tilt.
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:eek: :D
 
Quote from Nine_Ender: 04-03-11 01:23 PM

Market went up to what 1380 ? Guess you missed it. Guess my guess on the top was off 20 points. What was the market at when I made this post smartass ???
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what about the financials part? Prob the worst performing sector since the call... And from someone who only trades "sectors", not the overall market like yourself...



Quote from Nine_Ender:04-03-11 01:23 PM

CNBC is a joke. Same people who were pumping internet bubble stocks in the 1990s are pumping correction plays now. Yes, the bs trade right now is persuading bears to blow all their money looking for the next great correction. There have been 3 such market wide crashes in the last 40 years. So the odds we will have one only two years after the last one is almost zero. But we get a constant parade of doomsday analysts in CNBC looking to get famous calling the next great crash. And you don't hear from them when their calls are 10-20% or more underwater now ( kind of like Elitetrader ).

That's whats funny about Elitetrader. Its full of permabears denying the bull market shorting stocks. Locutus for example predicted a 20% correction sometime around November. I told him directly that this was an earnings/dividend/m&a led bull move that was going much higher, and he fed me a bunch of bs about it being an overstretched market that couldn't possibly go higher. We now have the bonus of a rapidly improving US economy, which would have really rallied this market hard already were it not for the Japan situation.

Even the permabears here got a little quiet lately. I believe they are genuinely puzzled now why their theories aren't paying off. Its a real quandry when your bias prevents you from making money; what can these bears do ? Switch sides they are afraid to be owned by the crashes they believe are imminent. Stay the course their accounts are being gradually hammered inch by inch.

Of course, if you play sectors well you can make money in either direction. But this site is obsessed with market wide moves and cynical people who believe the entire world economy is in the crapper no matter how much money corporations make.
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this was another fav



sectors like financials..?
 
Quote from denner:

Nine_Ender


Registered: May 2010
Posts: 799


05-16-10 01:05 PM

I'm fairly new to day trading and have a fairly low daily stop limit to deal with. I am good at identifying trends but have lost money mainly because I cut my winners far too easily.

So I came to the conclusion that I need to find good setups, better entry points, and let them run. Easier said then done, the best stepups are often more volatile stocks that can help stop me out if I'm wrong.

So on Friday I'm tracking BMO and it looks like a double top and the market futures are dropping. I take the plunge and sell 100 shares short. It bounces around a little, scares me on a slight uptick and I bail on a 1 cent gain. Almost immediately it drops 30 cents afterwards.

Anyone out there encounter similar issues and overcome them as a new day trader ? For example, in this situation, should I load up my exit position ( say 5 cents, or 10 cents ) ready to go ?

On the bigger picture, if you have a plan to short BMO or similar on market down days, what would you say are the best technical signals to indicate suitable entry points ?

http://www.elitetrader.com/vb/showthread.php?s=&postid=2841864#post2841864
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This post was in reference to day trading, an activity that I found over time to be extremely limiting in potential. In the meantime, I trade on my own account ( options and equities ) for much larger sums of money. I have traded since the early 1990s.

I could go on all day about how day trading shops set up traders for failure with their rules. I tried it out and decided its not for me.
I could never take trading for $50-100 seriously when I've often got thousands on the line on my personal trades.
 
Quote from Jackie Treehorn:

what about the financials part? Prob the worst performing sector since the call... And from someone who only trades "sectors", not the overall market like yourself...






this was another fav
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Buddy, I trade Canadian banks. That sector hit 52 week highs in the Spring. Please, you really must do better research before you attempt these poorly designed hatchet jobs.

Again, I posted a trade in February recommending people buy near month calls on certain Canadian banks into earnings. I specifically posted the high chance of a dividend increase for TD bank.

This trade was one of the best trades that anyone posted on this site this year. It was a huge moneymaker for anyone who took it. There is no endless exit window, options have expiry dates and you must act before them.

WITH RESPECT TO US BANKS : I've never liked them. In fact, I specifically criticized someone calling for Citibank to rally.

Keep it coming. You're digging yourself a deeper hole.
 
Quote from Nine_Ender:

This post was in reference to day trading, an activity that I found over time to be extremely limiting in potential. In the meantime, I trade on my own account ( options and equities ) for much larger sums of money. I have traded since the early 1990s.

I could go on all day about how day trading shops set up traders for failure with their rules. I tried it out and decided its not for me.
I could never take trading for $50-100 seriously when I've often got thousands on the line on my personal trades.
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Sounds like a cop out to me. You've been trading since the early 1990's but have "a small stop loss to deal with". Meanwhile, you actually believe that your "earnings options play" crushed my physical metals holdings over the past few years?
 
Quote from denner:

So why is it that not ONE person has agreed with what you have stated and yet you have dozens upon dozens of people calling you a lying sack of shit? I guess everybody on this site is "wrong" and you are "right"?

It's fucking hysterical the lengths you will go to in an attempt to "dis-own" your hyper-bullish posts.

You are a perma-bull retard, it's as simple as that. Unfortunately, you are in the wrong markets for your mindset. You should have just gone long the metals, but you're too stupid to even understand that.
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Buddy, an internet site full of people hiding behind handles is a haven for this kind of ridiculous attempt at cyberbullying. The fact of the matter is most reasonable people don't give a shit about this site, particularily with morons like yourself acting like petulant thugs all the time.

I don't really care what you think, or recognize your right to act as you are. How ironic it is for you to call ME a "lying sack of shit",
when in reality that is exactly what you are doing repetitively for months on end.

Honestly, fuck you buddy. Go suck a cock for a while or whatever it is you do for kicks in your spare time. I don't care.
 
Quote from denner:

Sounds like a cop out to me. You've been trading since the early 1990's but have "a small stop loss to deal with". Meanwhile, you actually believe that your "earnings options play" crushed my physical metals holdings over the past few years?
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Buddy, you have serious reading comprehension problems.
 
Quote from Nine_Ender:

Buddy, an internet site full of people hiding behind handles is a haven for this kind of ridiculous attempt at cyberbullying. The fact of the matter is most reasonable people don't give a shit about this site, particularily with morons like yourself acting like petulant thugs all the time.

I don't really care what you think, or recognize your right to act as you are. How ironic it is for you to call ME a "lying sack of shit",
when in reality that is exactly what you are doing repetitively for months on end.

Honestly, fuck you buddy. Go suck a cock for a while or whatever it is you do for kicks in your spare time. I don't care.
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You're catching? Next time you're going to lie then be consistent. Do the World a favor and eat a bullet. That is all.
 
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