S&P has topped for 2006

[ChicagoSaint]

Quote from Rearden Metal:

You don't know many 7-figures earning traders, do you?

From a distance you may picture such traders as cool and collected suave gentlemanly types... but reality is far different. Most super-traders are flush with 'Davinci Type' characteristics. These hallmark traits include, but are not limited to:

*Immature, impatient and impulsive behavior.
*ADD/ADHD
*Always Restless
*Little self repression
*Energetic- Even hyperactive demeanor
*Non-conformist/Rebellious/Iconoclastic
*Fearless to the point of recklessness
*Sexually driven, never satisfied with monogamy
*Lateral thinking
*Obsessive hyper-focus
*Prone to drug addiction
*Hot tempered

While you may see most of these traits as shortcomings, they are often an unavoidable and inseparable part of the complete star-trader package.

Is this supposed to be sarcasm? I can't tell.

There is a phrase for poker players that exhibit these traits, we call it "busto." Those that haven't completely crapped out yet are simply running well.

But kudos to him if he's managed to make money while suffering one of the most basic failures of a beginning trader, which is trying to pick market tops and bottoms.

 

[thorn]

Quote from ChicagoSaint:

There is a phrase for poker players that exhibit these traits, we call it "busto."

There is another phrase for poker players that applies here. We call it going "all in".

I'm willing to go "all in" that you are a regular on this board, but too much of a coward to lash out under your known alias.

 

[polpolik]

Thorn picked a market top BUT admitted it early when he's wrong and made the appropriate actions on his portfolio. Everyone trades differently but skills with money management and the ability to set aside one's ego when wrong is what separates the good from the bad.

 

[romik]

I have a question. What is the real need in calling a top @ a specific level, when one can simply wait for confirmation/s when it actually starts happening. Is it to do with a possible expectation of 1989 scenario, where by being late to the party, one would have missed a nice chunk? I just don't understand what is the real purpose in doing so. Let's forget the whole Internet thing and give Thorn a benefit of a doubt that real cash was at stake during this call. Surely, it would have been a lot safer to follow than call an expected level, what am I missing here?

 

[ChicagoSaint]

Quote from thorn:

There is another phrase for poker players that applies here. We call it going "all in".

I'm willing to go "all in" that you are a regular on this board, but too much of a coward to lash out under your known alias.

Congrats, you just went bust.

I'll retreat back to lurker mode, I await your next prediction.

 

[Artie21]

Quote from Rearden Metal:

If you knew who he was, you wouldn't be disrespecting thorn like that. I wouldn't be surprised if his career net trading profits are greater than the net of everyone else posting to this thread <b>combined</b>, myself excluded.

You are a jerkoff druggie, so I suspect any trading profits you may garner goe to the local pusher.

Only complete losers feel the need to advertise thier calls, in the pathetic hope for adulation.

 

[Artie21]

Quote from Rearden Metal:

You don't know many 7-figures earning traders, do you?

From a distance you may picture such traders as cool and collected suave gentlemanly types... but reality is far different. Most super-traders are flush with 'Davinci Type' characteristics. These hallmark traits include, but are not limited to:

*Immature, impatient and impulsive behavior.
*ADD/ADHD
*Always Restless
*Little self repression
*Energetic- Even hyperactive demeanor
*Non-conformist/Rebellious/Iconoclastic
*Fearless to the point of recklessness
*Sexually driven, never satisfied with monogamy
*Lateral thinking
*Obsessive hyper-focus
*Prone to drug addiction
*Hot tempered

While you may see most of these traits as shortcomings, they are often an unavoidable and inseparable part of the complete star-trader package.

This is wrong, and evidence of a fantasy.

The best traders are cool collected, and know when to act, do not act impulsively.

Give it up Rearden, you are a bum, and your disease isn't helping you.

Shadowboxing with the keyboard isn't trading. It's just generating profits for the chop shop.

 

[Rearden Metal]

Quote from Artie21:

You are a jerkoff druggie...

Why, yes... As a matter of fact I am!

I'm sorry your career is going so badly that the mere sight of successful people bothers you so much. Maybe some day you'll find something you're good at.

 

[sosa1974]

RM, what do you think about Nubain.... Would this work the same way?

 

[Artie21]

Quote from Rearden Metal:

Why, yes... As a matter of fact I am!

I'm sorry your career is going so badly that the mere sight of successful people bothers you so much. Maybe some day you'll find something you're good at.

Lame comeback.

Drop a lude and call me tomorrow. Yeah, that top call was a great success, if you consider 100% failure success. I love it, "I AM THE GREATEST TRADER ON PLANET EARTH. I WILL STOP THE S&P IN ITS TRACKS BY ANNOUNCING IT HAS TOPPED. MY ALTER EGO WILL DEFEND MY BY STATING THAT I MAKE MORE MONEY THAN ANYBODY HERE EXCEPT.......myself."

Huh?

No one masters the markets. The best traders simply make peace with them and roll with them.

Don't you remember, "Roll with it baby"