S&P 500 looking very toppy

Is the S&P 500 about out of gas?

  • Yes, rubberbird is usually correct

    Votes: 67 33.3%

  • No, there's more upside ahead

    Votes: 46 22.9%

  • I don't know/ I don't care/ the bird is an idiot

    Votes: 88 43.8%
  • Total voters
    201
Quote from lilduckling:

hee hee....falling like a rock....:cool:
you all know why this play worked so well right?
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Because it's currently profitable.

Is it also repeatable?
 
Quote from QQQShort:

Because it's currently profitable.

Is it also repeatable?
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NOPE......its cause earnings are due tomorrow before the open, and stock has rallied 9 straight days into major resistance...soooo
today is like.."women and children first"....easy $$$:cool:
 
Quote from rubberbird:

many thanks, amigo. It's honest folks like you that keeps the Bird posting. Not to worry, the Bird understands the laws of ET, where the vermin and maggots only circle to bash, and hide under their rocks when a call is good.

I could not have said it better myself. Your quote is riight on the money. These vermin cannot comprehend that my position is changing on a daily basis, as any decent traders should, to adapt to new market conditions.

Anyway, I still do not consider what happened a breach of my double top. My P&L only confirms this. When I start losing money on my short S&P call position, i'll know it's time to bail. But hell, i've made money selling aug. 1250 & 1275 calls, so what in blue hell am I wrong about? Yes, i'm sticking short these calls, plus some other stocks i may or may not mention on ET.
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Rubberbird,

This is what I posted a few days ago to you:
“So keep on posting, don't pay too much attention to comments of others, because otherwise you will stop posting. Just put yourself above the negative critics because the majority of ET members appreciate people that stick out there neck.

And even if you or me make losing trades, no problem, it's part of the game. You know with statistical certainty that I will be wrong x times a month.
You cannot be always right.”


So I know how it feels when you get attacked on the forum. I also agree that it’ s too easy to laugh with others postings but never post something yourself. But that’s how it goes on the Internet. And that’s the reason why so few people post good tips.
I normally don’t post my vision because of the negativism of the net, but because you posted and I had almost the opposite opinion, I took the risk. I have only be day trading the last 15 years, so in fact I know nothing about trading positions longer than 1 day. But I couldn’t resist the temptation to give it a try.

But certain things about you disturbed me:

You never gave clear signals when to get in or out. 1204 was a great signal, 1225 was the top, 1230 was the top and finally the top (and stop) would be under 1% above 1225. But apparently you are still short, so no resistance no stop, no take profits, nothing. That’s the way to catch the mother of all losses sooner or later.

You congratulated yourself. That’s arrogant and doesn’t create symphaty for you.

You always try to find any explanation that is convenient at that specific moment. In your last posting you say: “These vermin cannot comprehend that my position is changing on a daily basis, as any decent traders should, to adapt to new market conditions.”
So this leaves all scenario’s open to prove afterwards that you were right, because you don’t say what your positions are, but you adapt them to the market. Or in other words: you can AFTERWARDS always say that you were right.
On the other hand you say since several weeks that it’s SHORT, you don’t change your opinion although the market goes the other way, but you say “your position is changing on a daily basis, as any decent traders should, to adapt to new market conditions”.

It is impossible to take you serious.

“But hell, i've made money selling aug. 1250 & 1275 calls”. You made huge amounts of money with these calls out of the money?
Just like you made tons of dollars on the 3% decline in Google since you went short?
 
Quote from 2yearNewbie:

CAN WE PUT THIS THREAD TO REST.
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do you know how to ignore or change the channel? some people may actually enjoy a trading thread..this is elite-trader, no?

or are you trying to make a decision for everyone?
 
Quote from spike500:

Rubberbird,

It is impossible to take you serious.

“But hell, i've made money selling aug. 1250 & 1275 calls”. You made huge amounts of money with these calls out of the money?
Just like you made tons of dollars on the 3% decline in Google since you went short?
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I made HUGE amounts of money?? Really? and I made tons of dollars on Google?? Really? Show me where i said this, or you are lying (or embellishing) I never said any such thing. Maybe you wish I said this, so you can pounce, but unfortunately for you, i never said this. I did make a good profit on google, yes. I'm sorry if this upsets you. If you put words in my mouth, you better put the right ones in. Here's your problem spike, er, spike: you have a waggie syndrome where you believe i have to put my heart (and everything trade related) on my ET sleave. I don't. And you have no clue what i'm really doing.

I give small snippets of what i'm doing, and alot of people like that. I put my beak out alot further than mostly everyone else on ET, and people like that. If you don't like it, goto another thread, because i'll never disclose what I don't want to disclose. So go ahead, tell me your "summary" that I cannot possibly make money. Since you believe this, why are you still on this thread? Oh no, not another ET policeman:eek:
 
Quote from rubberbird:

Ok, who wants some money??

I have so damn much of it from this goog trade, where should I give it?
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I think Spike was referring to that post.
 
Quote from Longhorns:

I think Spike was referring to that post.
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even I laugh when I see this quote again...that's funny..unless you have no sense of humor.

I gave out alot of specific info on goog. exactly where i shorterd it, and where I bought alot of it back. anyone can do the math and see it was a nice winner for me.

and if you know me, i mix alot of serious trading with alot of humor and fun. sorry to the "squares" of ET if my sarcasm is unappreciated.
 
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