Started the Trades

[sfbayarea]

Quote from shopster:

this thread is without a doubt the best entertainment on ET.

as the OP self flagellates, the the rank and file attempt to correct the pain and suffering as they get sucked down the rabbit hole.

the air quality on the west coast may be partially to blame........

cheers,

s

I think it's more so the way a certain member starts screaming and yelling simply I didn't follow his orders. The exchange between us was entertaining. My patience ran out when I was highly offended when I was accused of somethings I didn't do or say. It all goes back into time when I lost a job that I thought was going to be my career. Some guy I was working with accused me for doing something I didn't do. Sad, if I was still doing that job today, I wouldn't be here. That is why it caused a deep seeded anger within me. No one wants to be accused of things they didn't do or say. It's highly offensive.

Actually the air in these parts is actually decent. Pretty good. Not the same as LA. More trees around these parts.

 

[sfbayarea]

+29

I really kick myself after I missed out on an opportunity early. I really thought about jumping in before the big dive in the beginning of the day. I was really close to doing it. Calling it a day. Didn't sleep too much yesterday.

Sold Short 114.41 Bought 113.68
Bought Cover 114.26 Sold 113.70

 

[Riffraffpatrol]

Quote from sfbayarea:

+29

I really kick myself after I missed out on an opportunity early. I really thought about jumping in before the big dive in the beginning of the day. I was really close to doing it. Calling it a day. Didn't sleep too much yesterday.

Sold Short 114.41 Bought 113.68
Bought Cover 114.26 Sold 113.70

Buying GS at 113.68??? What in the world are u doing buying there? Once again you are in the middle of nowhere on the chart... there is no demand at that price!

Only a matter of time that your account is sub 25k unless you learn to wait for a quality setup instead of diddling in the middle.

 

[Riffraffpatrol]

Quote from sfbayarea:

I think it's more so the way a certain member starts screaming and yelling simply I didn't follow his orders. The exchange between us was entertaining. My patience ran out when I was highly offended when I was accused of somethings I didn't do or say. It all goes back into time when I lost a job that I thought was going to be my career. Some guy I was working with accused me for doing something I didn't do. Sad, if I was still doing that job today, I wouldn't be here. That is why it caused a deep seeded anger within me. No one wants to be accused of things they didn't do or say. It's highly offensive.

Actually the air in these parts is actually decent. Pretty good. Not the same as LA. More trees around these parts.

SF -- your rationale behind not worrying about your account being affected by a black swan was "besides it corrects itself anyway" (paraphrase). With that mentality my sarcasm that if a black swan hit you...logic would follow if you truly believed your statement that you would just hold... get it?

I already said "my bad" on the commish issue... I know u had trades @ .01 where u would clearly lose money.... I APOLOGIZE.. feel better?

Grow up and suck it up.

 

[Riffraffpatrol]

Quote from shopster:

this thread is without a doubt the best entertainment on ET.

as the OP self flagellates, the the rank and file attempt to correct the pain and suffering as they get sucked down the rabbit hole.

the air quality on the west coast may be partially to blame........

cheers,

s

Glad I could contribute to the entertainment shopster. I'll be here all week.

 

[sfbayarea]

Quote from Riffraffpatrol:

SF -- your rationale behind not worrying about your account being affected by a black swan was "besides it corrects itself anyway" (paraphrase). With that mentality my sarcasm that if a black swan hit you...logic would follow if you truly believed your statement that you would just hold... get it?

I already said "my bad" on the commish issue... I know u had trades @ .01 where u would clearly lose money.... I APOLOGIZE.. feel better?

Grow up and suck it up.

Where did you say "my bad" on the commish issue? All you did was ask what my broker was. Actually NO.. you never apologized up until now. You just didn't mention it any further. Your apology here is less than sincere because you were giving yourself unjustified excuses like mentioning about +0.01 being a loss. Claiming that I would hold black swan positions until they correct is false. How many times again did I mention holding overnight is a bad idea? I just said that one can see it happening on the chart before it starts to accelerate. Don't get caught counter trend trading. You only cut and past certain phrases to paint a false picture. Yeah, I know the likes of you. I mentioned about over night and I mentioned about small caps. Didn't I mention about being able to take advantage of the situation because one can see it in the chart going in that direction before it accelerates? Please stop distorting.

Go back and count out how many times I got out with +.01 or even -.01. Not only did you lie but you made exaggerations that were far from the truth to paint a false picture of what is going on. If done with limit orders & ECN rebates, +0.01 would still net a slight positive so you still don't know what you're talking about.

You don't even know where in the chart it was that I got in at. All in all, it reached its price target of 113.90 which was the calculation. Clearly there was demand if it reached the price target and actually went beyond. Just pulled back numerous times. This isn't options.

If anything else, I could just stop the journal entry for my own purposes and post only weekly or monthly (or not at all) just so you don't have anything to read. Personally I don't like dealing with liars. No one does. Me grow up? You're kidding. This is coming from a guy that lies, exaggerates, and paints false pictures of others. This is the same BS I dealt with that other guy on the job I lost. You never been taught not to lie when you're a kid? You grow up. No one like liars. Hate to see what you teach your kids. Go write in someone else's journal.

 

[Riffraffpatrol]

Quote from sfbayarea:

Where did you say "my bad" on the commish issue? All you did was ask what my broker was. Actually NO.. you never apologized up until now. You just didn't mention it any further. Your apology here is less than sincere because you were giving yourself unjustified excuses like mentioning about +0.01 being a loss. Claiming that I would hold black swan positions until they correct is false. How many times again did I mention holding overnight is a bad idea? I just said that one can see it happening on the chart before it starts to accelerate. Don't get caught counter trend trading. You only cut and past certain phrases to paint a false picture. Yeah, I know the likes of you. I mentioned about over night and I mentioned about small caps. Didn't I mention about being able to take advantage of the situation because one can see it in the chart going in that direction before it accelerates? Please stop distorting.

Go back and count out how many times I got out with +.01 or even -.01. Not only did you lie but you made exaggerations that were far from the truth to paint a false picture of what is going on. If done with limit orders & ECN rebates, +0.01 would still net a slight positive so you still don't know what you're talking about.

You don't even know where in the chart it was that I got in at. All in all, it reached its price target of 113.90 which was the calculation. Clearly there was demand if it reached the price target and actually went beyond. Just pulled back numerous times. This isn't options.

If anything else, I could just stop the journal entry for my own purposes and post only weekly or monthly (or not at all) just so you don't have anything to read. Personally I don't like dealing with liars. No one does. Me grow up? You're kidding. This is coming from a guy that lies, exaggerates, and paints false pictures of others. This is the same BS I dealt with that other guy on the job I lost. You never been taught not to lie when you're a kid? You grow up. No one like liars. Hate to see what you teach your kids. Go write in someone else's journal.

Sf unruffle those feathers. I stand corrected on all commish issues. I did say "my bad"... it's there.

Again I was being sarcastic about u holding... u had said black swans correct.... my point with my sarcasm is I know for a fact u wouldnt hold....so even mentioning that they correct is a moot point.... It's like saying "the sun comes up after all black swans"... who cares? It does nothing to correct the fact u will take a hit far from your intended stop amount.

Sb-- ask any knowledgeable reputable technical expert (hmmm.. how about Scott Redler...ever hear of him....? Oh yea- you r a Tim Sykite...) that has ever existed... bottom line it is asinine and financial suicide for u to put $23k at risk in a single stock at any given time with the intention of netting out $ 30 in profits daily... pennies here, pennies there.

When are u going to come to grips with reality?

 

[Riffraffpatrol]

Quote from sfbayarea:

Where did you say "my bad" on the commish issue? All you did was ask what my broker was. Actually NO.. you never apologized up until now. You just didn't mention it any further. Your apology here is less than sincere because you were giving yourself unjustified excuses like mentioning about +0.01 being a loss. Claiming that I would hold black swan positions until they correct is false. How many times again did I mention holding overnight is a bad idea? I just said that one can see it happening on the chart before it starts to accelerate. Don't get caught counter trend trading. You only cut and past certain phrases to paint a false picture. Yeah, I know the likes of you. I mentioned about over night and I mentioned about small caps. Didn't I mention about being able to take advantage of the situation because one can see it in the chart going in that direction before it accelerates? Please stop distorting.

Go back and count out how many times I got out with +.01 or even -.01. Not only did you lie but you made exaggerations that were far from the truth to paint a false picture of what is going on. If done with limit orders & ECN rebates, +0.01 would still net a slight positive so you still don't know what you're talking about.

You don't even know where in the chart it was that I got in at. All in all, it reached its price target of 113.90 which was the calculation. Clearly there was demand if it reached the price target and actually went beyond. Just pulled back numerous times. This isn't options.

If anything else, I could just stop the journal entry for my own purposes and post only weekly or monthly (or not at all) just so you don't have anything to read. Personally I don't like dealing with liars. No one does. Me grow up? You're kidding. This is coming from a guy that lies, exaggerates, and paints false pictures of others. This is the same BS I dealt with that other guy on the job I lost. You never been taught not to lie when you're a kid? You grow up. No one like liars. Hate to see what you teach your kids. Go write in someone else's journal.

Oh by the way... All i need to know is the buy price...at that price there is nowhere on the chart that said it was a high probability setup that offered low risk, high profit potential. A monkey can throw a dart at a chart and buy at that point and wind up in the middle of nowhere on the chart and make some incremental profit too. . doesnt mean its a quality set up!

Why r u diddling in the middle of nowhere? You should be looking for areas on chart where price spent little time before leaving the level with extended range candles... looking where price arrived back in those levels with conviction vs a slow stairstep bleed... with no significant speed bumps above (if long or vice versa if short) which could hinder profit potential.. You are doing nothing to increase your probablities of a high profit low risk trade!

Sb-- options is a completely moot point here... options/stocks heck futures and forex too... it doesnt matter! These r just trading vehicles! The decision to enter and exit a trade is based on the same thing -- the chart!!! Do u get this once and for all?? You seem to think what Im saying doesnt apply to you since I trade options... U couldnt b farther from the truth!

 

[sfbayarea]

Quote from Riffraffpatrol:

Sf unruffle those feathers. I stand corrected on all commish issues. I did say "my bad"... it's there.

Again I was being sarcastic about u holding... u had said black swans correct.... my point with my sarcasm is I know for a fact u wouldnt hold....so even mentioning that they correct is a moot point.... It's like saying "the sun comes up after all black swans"... who cares? It does nothing to correct the fact u will take a hit far from your intended stop amount.

Sb-- ask any knowledgeable reputable technical expert (hmmm.. how about Scott Redler...ever hear of him....? Oh yea- you r a Tim Sykite...) that has ever existed... bottom line it is asinine and financial suicide for u to put $23k at risk in a single stock at any given time with the intention of netting out $ 30 in profits daily... pennies here, pennies there.

When are u going to come to grips with reality?

That's a negative. Show me on the post where you apologized with your lack of knowledge on my commissions before the insincere one that you did earlier today where you claimed to have already apologized. There isn't any other than the insincere one you put up today. Give me the date and time stamp of the post that showed it. Just more lies.

"You are an ignoramus SB...a simpleton" - your words

Sarcasm? Hardly. You say that on the job, you get fired. If you were the boss, you get sued or no one wants to work for you because people see that you're an asshole. You say that at a bar, you get socked in the face.

You're missing my point on the black swan completely. Again, it will be seen on the chart before it starts. It will be headed in that direction if this is during market hours. Overnight, that's different story. I'm not concerned about what I have in there. You shouldn't be either. I want to be proven wrong so come up with a chart of a large cap stock that had a black swan during market hours and not over night that one couldn't see any clue of before it starts to accelerate.

All I can say is that Tim Sykes is not a loser. He makes some excellent points on chart patterns. Especially if they're going to crash. He's probably made a lot more trading than you have. Who are you going to point out next? Warren Buffet?

I don't know all the ins and outs of options and I don't care to know. Most people don't do options. If that's your trading vehicle fine, go post in the options section.

 

[Riffraffpatrol]

Quote from sfbayarea:

That's a negative. Show me on the post where you apologized with your lack of knowledge on my commissions before the insincere one that you did earlier today where you claimed to have already apologized. There isn't any other than the insincere one you put up today. Give me the date and time stamp of the post that showed it. Just more lies.

"You are an ignoramus SB...a simpleton" - your words

Sarcasm? Hardly. You say that on the job, you get fired. If you were the boss, you get sued or no one wants to work for you because people see that you're an asshole. You say that at a bar, you get socked in the face.

You're missing my point on the black swan completely. Again, it will be seen on the chart before it starts. It will be headed in that direction if this is during market hours. Overnight, that's different story. I'm not concerned about what I have in there. You shouldn't be either. I want to be proven wrong so come up with a chart of a large cap stock that had a black swan during market hours and not over night that one couldn't see any clue of before it starts to accelerate.

I don't know all the ins and outs of options and I don't care to know. Most people don't do options. If that's your trading vehicle fine, go post in the options section.

4/18/12 6:31 pm

Now Sb-- calm down and just try snd think rationally about this for 1 minute.

Suppose a terrorist event (heaven forbid and God help us) were to occur again on US soil the size and magnitude of 9-11 during trading hours. You are long and everything on the chart preceding this point leans toward continued upward momentum. What do u think will happen to a stock like GS? A small drop in price? A drop of $ 1.00 or more? $ 3.00? Or is it possible that a 5-10% initial knee jerk reaction could occur? I know the answer...but what do u think?

Frankly...it doesn't matter what u think...nor what I think. The point is no matter what we think...reality since thr dawn of time has constantly produced events and reactions that we wouldve never dreamed were possible. Does your life exoeriences supercede everything in history to date? Of course not.

You above all here should want to take "just in case" steps to make sure it is impossible for u to be catastrophically affected financially. U however take a turn the other cheek attitude..."it will never happen to me"... This is such naive thinking!

Im trying to help u here-- why else wiuld i be driving this point home?

No chart in the past will dictate what can happen. Its s moot point.