**Patriots First...Traders Second**

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I dont see how you can knowing that you profited off the bloodshed of thousands of Americans.

Didn't think this thread would quickly degenerate into name-calling, etc. so this will be my last post on it. As to the above comment, I haven't profited from anybody's bloodshed, regardless of how dramatic that sounds. Amazing.

By the same token, would you require all people who are long stock to absolutely refrain from selling it??? Require that they stay patriotic and long, for if they sell it would be profiting off the bloodshed of thousands of Americans? Because selling their longs has the exact same effect of driving down prices as selling short does. Exact same.

Personally I won't be trading for a while, until the market settles down. I thought I was engaging in a reasonable discussion, obviously not. I hope all you people who buy long on Fri or Mon or whenever the market reopens don't make the unpatriotic move of daytrading and selling your position, or you might contribute to the market going down. And if you are already long, for God's sake don't sell...
 
I said I wouldn't...but it appears you don't have enough intelligence to understand. So let me try and explain. First, my post is to stress people not to SHORT stocks. For some reason you can seem to understand that. I have never stressed not to sell Long. In fact, I expect many people will be redeeming their Mutual Funds and covering long positions. This selling will put a lot of pressure on the market... So any additional selling (short selling) will only make the situation worse. Second. If one share is sold long and one share is sold short they both put downward pressure, BUT SHORT SELLING WILL ADD TO THE ALREADY LONG SELLING GOING ON. Do you get it yet.

DON'T YOU HAVE SOMETHING BETTER TO DO THEN TO DEFEND SHORT SELLING.

I am done with this. To be honest I am pretty pissed off. These have been tough days and the last thing I need is to deal with stupidity. So you have made the Ignore List. I hope one day you will understand.
 
If I really thought it would make a difference I would go long too, "to support America", but like rtharp said "every short has to cover" so I really don't think it makes a bit of difference. The markets went down after Pearl Harbor but then quickly rebounded shortly thereafter.

In the short term, the markets react mainly to fear and greed but in the long run, they always go the way they would have gone anyway. So regardless of what any of us do in the coming days or weeks isn't going to mean squat down the road.

I'll probably get critisized for this but, the real question is: are you a professional trader or Mother Teresa? There is a time and place for everything and the market is NOT the place for charity. It will eat you alive if you're charitable. It doesn't care about you. It will go wherever it wants to with our without you. The real traders will do what they always do.

Several of the 'Market Wizards' made millions on Black Monday despite all of the people who lost money. They didn't feel too guilty about that, and I'm sure the true professionals will do what they always do to make money next week. Long or short. They'll take whatever the market offers them. All we daytraders really do is provide liquidity. If you were Warren Buffett you might be able to make a real impact, but I highly doubt any of us are going to "make or break America".

Please don't think I'm being insensitive because I'm not. I'm devistated by what's happened in New York and I am a very charitable person. I give 10% of my income to charity every month and try to serve where I can. I just think there are better places to try to influence America than the markets. The market is a monster and will do whatever the hell it wants to.
 
I am preparing a list of insurance companies to bullet, and a list of defense, gold, and oil stocks to long. I am going to be looking for second tier names and possibly third tier as when the market opens it will be very very violent, you do not want to be in volatile names . . .

If you are a day trader, you go home flat, anything you do will not have any impact on the market. I understand last a couple of days have been extremely stressful and emotional, but I strive to be a professional and I would give blood, do volunteer work, but not go against the market trend, I would rather donate whatever money I make to the charity . . .

Regardless of what futures does, insurance sector is going to get completely smoked, and second tier and third tier names are perfect for bullets . . .

Any time you step on to the trade floor you do the best possible thing for your wallet, you can make a hell lot more difference by make 5K and give it all to charity, than staying away from the short side.

We are day traders, we are not institutions, know your role . . .
 
Hitman, I agree with you. We are traders as our profession. What we are as human beings is shown by our conduct and the content of our character.

I don't think oil will pop because of the perceived loss of demand from the airline industry. Which brings us to the one short you forgot.
 
"Several of the 'Market Wizards' made millions on Black Monday despite all of the people who lost money. They didn't feel too guilty about that, and I'm sure the true professionals will do what they always do to make money next week. Long or short. They'll take whatever the market offers them. All we daytraders really do is provide liquidity. If you were Warren Buffett you might be able to make a real impact, but I highly doubt any of us are going to "make or break America". (BIGGEST BULLSHIT I HAVE EVER READ)

I don't think you people understand the magnitude of the incident that happened on Tuesday...WE WERE ATTACKED AND WE ARE AT WAR. This in NOT Black Monday. This is not a market sell off.

THIS IS THE GREATEST CHALLENGE AMERICA HAS EVER FACED.

We are looking at over 20,000 Americans dead within an hour.

CAN YOU FATHOM WHAT THAT MEANS. This is not a market bubble. This is a fu&%ing national catastrophe.

Huby your comment about highly doubting "any of us are going to make or break America" is just the shallow bullshit I am talking about.

AND HITMAN YOU ARE THE BIGGEST HYPOCRITE OF ALL!!!!!!!! Would you be able to make this type of money in China? No. So How do you pay back this great country. BY BETTING AGAINST HER AND HER PEOPLE. Well guess what pal. You lose.

Four planes hijacked: So Hitman shorts Airlines

20,000 people dead: So Hitman shorts Life Insurers

Billions in Damage: Hitman has a hard-on because this is worst insurance disaster in American history.

Hitman, I did have some respect for you...But now I have none.

YOU GUYS HAVE TO REALIZE THE SITUATION.

TWENTY THOUSAND PEOPLE ARE DEAD
 
trader58, I don't know how you think that I am joking. Because of this tragedy airlines will not be flying for a while and people will be reluctant to fly. I myself had planned a trip which is now cancelled. This lower demand of jet fuel will be enough to not cause a pop in oil prices. Only my opinion.

In no way am I making light of the situation. I am simply putting on my trading cap.

Taking it off, I continue to feel extreme sadness and numbness.
 
Trader58. I think you're blowing this WAY out of proportion. Not the tragedy we're faced with but all the talk about not shorting. It is true we have an ugly situation on our hands here, but to tell traders not to short is just silly.

My dad supports America by not buying foreign cars. He drives a piece of crap American car and is always having to repair it (and swears he's making a big difference to the economy), while I drive a Honda that never breaks. That's his choice, and it's my choice to drive a Japanese car. I could care less if I do effect the economy. Until Americans build a real car I'm not going to buy one.

It would be ludicrous to tell all foreign car owners in America that they are not patriotic and are ruining the economy. It' s just as ludicrous to tell traders not to short.

Trust me, it won't make a bit of difference! When the next rally comes, which surely will, the shorts will be running for cover. According to you this will be a bad thing too because it will create EVEN MORE BUYING which will throw the markets way out of balance.

I respect your patriotism. Really I do. But this is not the way to make a difference.
 
fundamentally, i dont see how much has changed with most companies that comprise our markets.. fact is that we are at least short term oversold.. if the market does plunge down then great, we buy more cheaper.. if the ndx goes to 500 it wont make a damn bit of difference in the long run because people will recognize the value and step in to buy.. who cares if people short the market? they certainly arent going to short it to zero.. frankly, it takes more than smashing a few buildings to kill our entire economy.. i dont think Warren Buffet is wringing his hands right now and pacing the floor in anticipation of selling all he owns the minuite the market opens.. and i dont think the big funds are doing so either.. even if we end up in some sort of war, thats probably not a totally bad thing for our economy.. so, short the insurance and buy the gold if thats what turns you on.. who cares? its just a trade.. we are short term traders, we dont control the direction of the market..

i dont mean to come across as insensitive.. i feel badly for those affected by the WTC attack and i hope that those responsible are brought to justice swiftly and thoroughly.. i just dont think this has the capacity to disable the worlds economy.. and if i did, i wouldnt feel bad for shorting..

-qwik

on a side note, i wonder how many puts Osama Bin Ladin owns?..
 
Cheaper prices mean bigger bargins. I'm going to be doing bullets and shorting when we open but I will also be covering probably within the first hr or 2. Meaning whatever I did is also reversed.


I will then be sitting on my hands rubbing them together gleefully wait as the dust settles. I will be buying i.e getting long extremely heavily as we were already technically sitting at oversold and will soon be at extremely oversold. WALL STREET is about to have a HUGE RED TAG SALE IN THE NEXT few days. YIPEEE


Remember as traders profit comes from risk, I chose to risk my money and will either make or lose from that choice. The traders who have the best knowledge, talent, skills, equipment, and planning are the ones who profit from others who chose to risk.


Companies make the choice to raise capital using the US stock market. They make the majority of their capital in the IPO when they go public. They then usually only own about half of the value of the outstanding shares because they choose to accept risk. When they need more capital a lot of firms will do a secondary offering or try to figure a way to convince investors to buy a piece of their firm. They made a choice. It was their choice to be affected by what the investors/traders thought of how situations will react. They could choose to buyback all of the remaining shares, or be delisted at anytime.


If I was a firm who was going to buyback all of the shares so that I would no longer be affected by the market They would rather buy them all back at $1.00 than at $200 a share. They made a choice to sell their shares to investors and choose to let investors/traders control what price they are worth
rtharp
 
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