S&P has topped for 2006

[Longhorns]

Quote from stock_trad3r:

LOL the stop

always falling back on the stop

After the stop triggers your gonna go short again? And again? Sooner or laterit wont make a difference.

And if it gaps the stop won't do you much good now will it?

Remember MNCS? Stop didnt do us much good.

1) I covered my SPY 140 puts on friday afternoon above 2.00 (over 40% gain in less than two days).

2) MNCS-- I would NEVER EVER put in a stop order on a bulletin board stock.

3) If you used a stop, you wouldn't be 40% out of the money on your HANS position.

 

[stock_trad3r]

With regards to #3 Sure I lost $$ on the Hans but if I had stops I wouldnt have made 60%+ on AAPL

I tend to not use stops when i'm diversified.

 

[Rearden Metal]

Quote from thorn:

s&p will definitely go lower and not see 1390 this week. Nov. 1390 calls expire worthless. RM do you disagree?

Yes, I still disagree.

 

[volente_00]

Quote from EqtTrdr:

It will be so awesome $$

GO T DAY THEORY AND 10:30 REVERSAL ! IT'S LIKE FREE $$$!

 

[tubytrader]

Everyday. If you buy at 10:30 and sell on the close free money. I really HATE this market......you would think this would be arbed to death. I am throwing in the towel

 

[nonlinear5]

Quote from tubytrader:

Everyday. If you buy at 10:30 and sell on the close free money. I really HATE this market......you would think this would be arbed to death. I am throwing in the towel

I think this is a paradigm established in Alexander Elder's book "Trading for a Living": amateurs trade near the open, professionals trade near the close. Since the two groups trade against each other, the market often reverses the direction. According to Elder, it pays to trade in the same direction as the professionals.

 

[EqtTrdr]

I love 100% up room to go $$$

 

[romik]

Quote from EqtTrdr:

I love 100% up room to go $$$

If you got paid every time you posted this message you'd probably develop a nice secondary income, every time I read your post I feel like a droid, love 100% up room to go $$$ love 100% up room to go $$$ love 100% up room to go $$$ love 100% up room to go $$$ love 100% up room to go $$$ ....

 

[stock_trad3r]

Quote from EqtTrdr:

I love 100% up room to go $$$

?? 100% up room? WTF does that mean?

 

[EqtTrdr]

Quote from stock_trad3r:

?? 100% up room? WTF does that mean?

that means zoooooommmmm to da moon market!!!

as longs collect free $$$$

up up and away$$$$


you cant lose... just buy more $$$

NO RISK!!