Planet Earth's ultimate Short side game began Nov 2021

BEAR is thinking to hissssself, "everybody, almost everybody, except for that stupid trader named margin_gamble is onboard the gravy train that the BEAR is over"

Exasperated and disgusted, BEAR's rage is clearly visible ..... sort of like in this scene



 
Good morning amigos, Friday Aug 5, 2022 .......... 6:32 AM Pacific

QQQ breaks the 1H uptrend


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margin_gamble said:
Nothing to add, waiting for a Trend to develop. Waiting for the catalyst. Next week might get lucky.

No changes.

Bell just sounded

See ya

:)
More...
Maybe over the weekend you can give us a summary of where you are at.
I believe you have ben adding to your short, although I think you might have taken a little profit on one of your adds.
 
deaddog said:
Maybe over the weekend you can give us a summary of where you are at.
I believe you have ben adding to your short, although I think you might have taken a little profit on one of your adds.
More...


No Sir. You have every nuance and detail all in writing. There are no off balance sheet transactions.

What you see posted is exactly what I do/did. QQQ gapped down and then, see chart dropped to low of 318.39 right smack on Fibonacci support. I could have taken profit. Not my style. Too small money. I'm after bigger game. I will take 100k loss rather than lower my standards for HAVINGNESS LEVEL

I pretty much did nothing during the QQQ session today.

Here's why I did nothing. My heart has now joined my soul in demanding real guerrila fighting as the bend in the trend aka Transition Zone is working itself out as is evidenced by the trendline break of the bear rally. Give it time. A speeding locomotive takes time generally to stop completely then turn around and head back.

Patience is a virtue in a BEAR market.


I am after big bucks not chicken Little. Hard just now to tell exactly what the wavecount is onthe downdraft of today but I am guessing we could have a 3rd wave down onthe 5-min. timeframe on Monday. It is then and only then when I will be adding to the short. In any event it will be posted.
 
margin_gamble said:
No Sir. You have every nuance and detail all in writing. There are no off balance sheet transactions.

What you see posted is exactly what I do/did. QQQ gapped down and then, see chart dropped to low of 318.39 right smack on Fibonacci support. I could have taken profit. Not my style. Too small money. I'm after bigger game. I will take 100k loss rather than lower my standards for HAVINGNESS LEVEL

I pretty much did nothing during the QQQ session today.

Here's why I did nothing. My heart has now joined my soul in demanding real guerrila fighting as the bend in the trend aka Transition Zone is working itself out as is evidenced by the trendline break of the bear rally. Give it time. A speeding locomotive takes time generally to stop completely then turn around and head back.

Patience is a virtue in a BEAR market.


I am after big bucks not chicken Little. Hard just now to tell exactly what the wavecount is onthe downdraft of today but I am guessing we could have a 3rd wave down onthe 5-min. timeframe on Monday. It is then and only then when I will be adding to the short. In any event it will be posted.
More...



My hope and prayer is that on Monday the futures are flat and that QQQ rises toward the top at 324.72. I'm sitting on red so I don't give a damn no more. Let her approach the top again and on the firs t sign of weakness and if my feeling is the bend in the trend is continuiing to resolve, I will hammer that top too again and again rapidfire
 
margin_gamble said:
No Sir. You have every nuance and detail all in writing. There are no off balance sheet transactions.

What you see posted is exactly what I do/did. QQQ gapped down and then, see chart dropped to low of 318.39 right smack on Fibonacci support. I could have taken profit. Not my style. Too small money. I'm after bigger game. I will take 100k loss rather than lower my standards for HAVINGNESS LEVEL

I pretty much did nothing during the QQQ session today.

Here's why I did nothing. My heart has now joined my soul in demanding real guerrila fighting as the bend in the trend aka Transition Zone is working itself out as is evidenced by the trendline break of the bear rally. Give it time. A speeding locomotive takes time generally to stop completely then turn around and head back.

Patience is a virtue in a BEAR market.


I am after big bucks not chicken Little. Hard just now to tell exactly what the wavecount is onthe downdraft of today but I am guessing we could have a 3rd wave down onthe 5-min. timeframe on Monday. It is then and only then when I will be adding to the short. In any event it will be posted.
More...

One of the options gurus here on ET posted a link to an old thread. The very first message by the OP is interesting because it reminded me of what you're doing now.

https://www.elitetrader.com/et/thre...make-over-1-million-a-year-at-my-firm.280041/
 
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