Port1385 says to "double down" in your 3x inverse positions!!!

[MandelbrotSet]

Quote from Trader666:

Like when he said to short LVS in the 4s
http://www.elitetrader.com/vb/showthread.php?s=&postid=2401324#post2401324

Wow, he made the exact same mistake on the exact same price pattern twice in a row.

That tells me that he actually believes what he is saying, and in all likelihood, is taking these trades with real money.

***

They probably would be nicer if you admitted to getting slaughtered, Port1385. As it is, calling a leveraged short position while the market is making parabolic new highs is, well, it's the definition of lunacy for one thing. And will always lead to a blow-out on your trading account for another.

 

[TrueProp]

Quote from Rearden Metal:

It would be in your own best interests to reconsider that position. The guy who's always wrong is just as useful to me as the guy who's always right.

Great point.

 

[Clubber Lang]

Quote from Port1385:

Im tired of seeing all the foolish bulls on ET making every attempt to pump junk stock.

I am now declaring that its time to "double down" into the 3x inverse etfs. There is no better time then right now.

Awful

 

[Clubber Lang]

Quote from Port1385:

By the way, futures down below support line at 845 which would break the head&shoulders if the market was open right now.

I added more to my TZA position in my personal account again today.

Watch out for paper cuts in your "personal account".

 

[theDudeAbides]

Did you stop out, or are you taking more heat on this trade?

 

[TrueProp]

Quote from theDudeAbides:

Did you stop out, or are you taking more heat on this trade?

He isn't a trader -- not in terms of actual transactions anyway. He's more of an idea trader --- a consistently awful idea trader.

 

[bwolinsky]

Quote from theDudeAbides:

Did you stop out, or are you taking more heat on this trade?

Dude, he said to go short on the first day in April, and reiterated his double down that would have lost the whole account. Don't take him seriously, and I would advise ignoring anything he has to say. It's obvious he doesn't trade real money, but, if he does, he doesn't have any money left.

 

[theDudeAbides]

I was looking for him to man up and update his fan base with his latest move after doubling-down...

....but I suspect he will remain silent, while posting links of Cramer and other nonsense in other threads ...

.... and swoop in here next week, next month (or whenever we tank) and declare "victory".

 

[Ivanovich]

Quote from theDudeAbides:

I was looking for him to man up and update his fan base with his latest move after doubling-down...

....but I suspect he will remain silent, while posting links of Cramer and other nonsense in other threads ...

.... and swoop in here next week, next month (or whenever we tank) and declare "victory".

Man up? LOL...the guy is a clown. At least with stock_trad3r, you know the guy is just here as comedy relief. Port actually thinks he knows what he's talking about.