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Quote from marketsurfer:

Hold the course surfers and surfettes---- the pop higher will be short lived and can be shorted here15106YM ----expecting down close today in DJIA. surf
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As one poster aptly put it a few pages back when Surf was boasting about the page hits on his journal, "everyone loves a train wreck" :)
 
Quote from marketsurfer:

Hold the course surfers and surfettes---- the pop higher will be short lived and can be shorted here15106YM ----expecting down close today in DJIA. surf
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OK, but you're now 85 away from your entry. I can't imagine holding a 400pt gainer and letting it slip away.
 
He doesn't care about a mere 400 pts. He put 90% of his LNW into this trade....he's going for the walkoff grandslam to win game 7 of the World Series. No need to manage risk, he has 100% conviction in this trade. What could possibly go wrong?

Quote from atticus:

OK, but you're now 85 away from your entry. I can't imagine holding a 400pt gainer and letting it slip away.
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Quote from R. Raskolnikov:

He doesn't care about a mere 400 pts. He put 90% of his LNW into this trade....he's going for the walkoff grandslam to win game 7 of the World Series. No need to manage risk, he has 100% conviction in this trade. What could possibly go wrong?
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As Art Cashin said back the 08-09 crash-

"The problem with betting on the end of the world is it can only happen once".

Rookies and other assorted wanna be's just don't get it.
 
Quote from Clubber Lang:

As Art Cashin said back the 08-09 crash-

"The problem with betting on the end of the world is it can only happen once".

Rookies and other assorted wanna be's just don't get it.
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Semantically it is true. Financially, it is not.

Companies go bankrupt all the time, bear markets cycle are not that rare either taking down indices and its investors to scary levels.
 
YEs, we missed called today with a complete reversal of what was predicted--- with that said, our YM short trade remains positive by over 80 points--- as stated earlier, we are expecting sharp, short lived upward moves as the bull market regime unwinds and slowly shifts to the bear side--- exactly what we experienced today. No changes in long term projection, holding shorts.


See you on Monday!
 
Weekend musical interlude part 2


<iframe width="560" height="315" src="http://www.youtube.com/embed/tMWoimU2wUQ" frameborder="0" allowfullscreen></iframe>
 
Quote from Lord.Maushi:

Semantically it is true. Financially, it is not.

Companies go bankrupt all the time, bear markets cycle are not that rare either taking down indices and its investors to scary levels.
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Sure companies go BK all the time, but the S&P crashes rarely.

MS had almost a 5% move in the S&P in a few days. That's a huge move. Now he's given back 80% of his profits in one and a half days.

Too each his own, but I think booking 25% when we failed to break the 50 day was a good risk/reward (and this from a trader who thinks TA is mostly b.s.)
 
Quote from Clubber Lang:

Sure companies go BK all the time, but the S&P crashes rarely.

MS had almost a 5% move in the S&P in a few days. That's a huge move. Now he's given back 80% of his profits in one and a half days.

Too each his own, but I think booking 25% when we failed to break the 50 day was a good risk/reward (and this from a trader who thinks TA is mostly b.s.)
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No arguments.
 
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