SP500 - High Probability predictions for 2016
- Thread starter Autodidact
- Start date
I vote this for the most worthless post of the day. But do come back at a later date and tell us that you raked in some serious profits.
I vote this for the most worthless post of the day. But do come back at a later date and tell us that you raked in some serious profits.
I am always pleased when someone gets absolutely nothing from my post.
Job well done drat.I am always pleased when someone gets absolutely nothing from my post.
Price predictions are fun. But I prefer to participate in a trend, hopefully at the outset, and hold position until the time that trend has run it's course and flip the trade to take advantage of a new trend. Be it today's trend or multi day trend or even if it continues for weeks on end. I do not make much from options (I tame my gambling by betting via options), because I would rather bank on an event taking place, rather than it taking place within a certain period of time. Naturally, we all like to see a quick turnaround, but sometimes it's not possible to achieve, so why lose on a potential winner just because it was a timed bet? I see not much sense in that.
A******, Thanks for the info.
Out of curiosity, are you still in? Or maybe you've been taking trading lessons from marketsurfer.
@Redneck
Not exactly, maybe an incomplete posting from me. So I will add what I already posted earlier on ET.
Stubborn: i will not give up easily, but, as I already posted in past, I analyze periodically if what I try to do makes still sense. If it makes sense I continue, even if it is dificult. And when you try to become profitable you will surely have difficult moments and you need persistance or stubborness to continue. I lost 5 years money before I was able to stay consistently above the zero line. That's impossible if you are not stubborn.
I have no ego anymore: if my analysis says that I should stop or try something else, I will do so. I will put aside my ego, accept this failed attempt and try something else. years of losses learned me how expensive your ego can be. I will never do anything just because I want to boost or protect my ego. On top of that all these things are unknown to everybody. I am the only person who knows about what I do or did. If your ego is important you want to show that to the whole world, which is just the opposite of what I do in reality. Nobody knows about my success or failure, because I don't post all my trades to boost my ego.
Maybe this is food for thought too.
PS: Is see that yesterday we had a move of around 100 points in the ES. Schizo took less than 10% of it. That is what I mean when I said he still has a lot of job to do. And if you see where he took that trade there was for me a big risk/reward risk. There were much better places to get in.
I also see that you took zero % of the move since you didn't post anything. (my mathematical model tells me 10% of something is better than 0%)
I also see that you only seem to be able to comment about things after they have already happened.
I also see that where you say was a big risk for you, @schizo managed to make a nice profit, so why does what you saw matter if he profited from it?
Epic battle in ES at the moment. You should b watching it. Sandwiched between support and resistance. Despite everything, the trends going to win.Out of curiosity, are you still in? Or maybe you've been taking trading lessons from marketsurfer.