Quote from marketsurfer:
nice short term call, pekelo.
i do believe additional downside is in the cards here.
holding shorts.
surfer
... see, the thing is Surf, we just can't figure out HOW you do it, most traders reading this thread think you just "happened to be lucky enough to call a top in the Dow, that resulted in a 300-400 pt drop from where you scaled into it". (I knew 11000 was/(is) possible, I just didn't know how to get there).
I mean not only did you leg into it, wait out the tough times - with much criticism I might add - but then when you had a nice profit you said" nah, I think there's more to come ..."
I don't think that's luck.
Best Regards,
James
P.S. ... and BTW, I've been looking over quite a few more of Prof Logic's posts, and while his system definitely doesn't call tops, it certainly looks like very respectable results can be gained by trading it (as
part of a
system).
So aside from whatever the past history, or whatever "beef" there is out there, I respectfully retract what I wrote about him in an earlier post. I've been through the
learn at your own expense phase, the
pay others to learn phase, and now
I'm learning from interacting with other (sometimes better, sometimes not) traders here at ET, and I'm learning a lot! $$$
