Ooooh Dow Slammed Down 300points In 6seconds!!!! :d

Quote from Landis82:

With all due respect . . .

Your thread really had nothing to do with being a TRADER . . . TRADERS DO NOT spend their time rationalizing why prices are going up, or going down.

They simply TRADE the price action.
Ever thought of that???

It seems to be a rather novel concept to many of the posters here on ET.
:D
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EXACTLY!
 
Quote from S2007S:

MR Dodge have to agree with you. Up over 800 points in 2 days is WELL OVERBOUGHT, however it can still go higher which would be great to add more shorts and inverse funds.

I added DXD, FXP and DUG today, sold my URE WAYYYYYYYYY to early and cost me alot of green....


These bear market rallies are something else, again I feel sorry for the FOOLS buying on days like today, today when the market is up over 4% is a day you dont step in and buy but a day you sell and go short especially in a bear market. I say let the market go higher, I would enjoy DOW 10k all over again because it would it would just make for a great bearish opportunity....
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one day you will get burned with this attitude
 
Quote from index_trad3r:

one day you will get burned with this attitude
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He admittedly does not trade for a living as well as admits to using no stop-losses whatsoever . . . often averaging down into "positions" that would absolutely kill most TRADERS on a percentage basis who trade for a living.

The guy has > 7600 posts on ET ( most of which are in the TRADING FORUM ) and he admittedly does not trade for a living; or trade period.

Maybe he can post a "screen-shot" of his positions someday, but I doubt that will ever happen.

Go figure.
 
Quote from spanish89:

Now be honest,
who was short and caught it, who was trend chasing and got a raping???! :p :cool:
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If you are talking about the drop @ the end of the day, I managed to catch it using an Ultrashort. Only good trade of the day though. :(

~telengard
 
Quote from spanish89:

Now be honest,
who was short and caught it, who was trend chasing and got a raping???! :p :cool:
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The mighty "Ball" I use called for a Weak close. I'm holding short overnight .

Rennick out:cool:
 
Keep at it. Stocks can do down forever, right? It's just like tech stocks, real estate and crude were "sure things" to buy on the dip since everyone knew they were ascending to heaven...

Quote from S2007S:

MR Dodge have to agree with you. Up over 800 points in 2 days is WELL OVERBOUGHT, however it can still go higher which would be great to add more shorts and inverse funds.

I added DXD, FXP and DUG today, sold my URE WAYYYYYYYYY to early and cost me alot of green....


These bear market rallies are something else, again I feel sorry for the FOOLS buying on days like today, today when the market is up over 4% is a day you dont step in and buy but a day you sell and go short especially in a bear market. I say let the market go higher, I would enjoy DOW 10k all over again because it would it would just make for a great bearish opportunity....
More...
 
Finally an honest response.

Quote from kxvid:

I would wager there is alot more of us willing to hit the sell button than the buy button here. That is why alot of ETers get pissed everyone time there is a rally, because they lost money.
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Quote from William Rennick:

The mighty "Ball" I use called for a Weak close. I'm holding short overnight .

Rennick out:cool:
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I am holding short overnight too, just for the sake of GDP (-:
 
I was smart and instead sold the fuck out of oil!! :D


Was teh only thing that actually salreadt started ullingback overnight.


Made nearly 20% profit of my capital from it
 
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