I submit my reply below.
http://wavsource.easycgi.com/snds_2006-07-28_735608601940128/sfx/cuckoo_clock2_x.wav
ps. youre not anonymous, we all know you are Rubberbird
s&p just made intermediate term top @ 1326.7
- Thread starter thorn
- Start date
I submit my reply below.
http://wavsource.easycgi.com/snds_2006-07-28_735608601940128/sfx/cuckoo_clock2_x.wav
ps. youre not anonymous, we all know you are Rubberbird
BS. First of all, you keep up pretty good given the amount of posting you do on this thread. Second, even if you didn't see him take the bait, you were still dumb to fall for it yourself. You don't think I know the movie Scarface? Or the Boston slugger despite that I hate all Boston teams? Just as with stocks, I know a hell of alot more than you do with respect to sports too. Back to your sandbox kid.
wow - you put me in my place.
i am a kid.
i don't know that much.(18 months experience)
here's some more ammo for you: i've lost 150k trading this year.
'The young do not know enough to be prudent, that's why they attempt the impossible and achieve it, generation after generation...'
-Pearl S. Buck
If this is true, I am sorry but keep trying if you believe you have a future in trading. Stick with it. I broke even for my first 10 years of trading (not a good record if you're counting on this as a career and need to be paid). There were alot of days I lost more than I could handle, and went home very down. But I stuck with it. You have to look at your losses as an educational fee to the U. of Wall St.
Since i've made big $ each of the last 11 years. I've had 43 of the last 44 profitable quarters. My story ends well. Hopefully yours will too.
Not a story, but a fairy tale. Which quarter was that, I've seen you get massacred for 2 of the 4 I've been on ET. And how can you say how your story ends, way to jinx yourself.
after the first few, i looked at my losses as tuition. i had a few big drawdowns, coupled with margin calls and bam, 90% of the equity is gone.
I came back some, then lost again, and am coming back again. it's always a learning experience.
edit: and don't be sorry for me - no one can sell the top as much as we wish we could. even with the call you made at 1326, if you were short then to now you would have lost a great deal of potential trades, even though you would have made money. hell, if you went long GM at the 1326 peak, you would have almost doubled your money today.
i've learned it's easy to make money if you hold your position over the intermediate term, but my biggest gains came from volatility - moving in and out during the intermediate term.
some more ammo: i lost 150k this year but started my trading account last year with 50k.
good luck thorny - and rennick, keep the ball clear.
I appreciate your honesty. Hang in there amigo.
With respect to above quote, I have no clue how this fallacy has come to pass that i've shorted at 1326 and HELD till now. I'm a very short term trader. This is why I was able to MAKE money last week, despite being on record on ET before the week began saying the s&p would fall below 1200 (It was @ 1240 at the time). My trading is done on specific stocks, in and out, capturing profits on over-extended charts. IE. I came in today short GPI. Trade for me is now done. And before the vultures circle, not looking for any accolades on this call. I rarely mention specific symbols on ET, despite the fact the lions share (approx 90%) of my gains over the last 11 years have been on specific stocks. The other 10% of my money is made selling premium on s&p options (hence the "top" calls). I don't trade futures.