Quote from Landis82:
Not bitter at all.
But you seem to have no problem appearing in a "Trader's Forum" and continually banging the drum of the Bear when you clearly do not TRADE for a living.
Today's rally was a TRADER'S DREAM!!!
And yet you admittedly couldn't get yourself to buy into it because you rationalized your way into thinking otherwise.
Trader's do not rationalize the direction of the market. They go with it!
For some unknown reason, you fail to embrace this key concept.
Quote from Aaron Copland:
And the direction is down. Long term professional traders also trade only in the direction of the trend. Donât get me wrong I see nothing wrong with counter trend trading as long as its light and you take profits quickly.
Why does everybody have to be so ulgy. This place is so strange.
Quote from makloda:
S2007S, I subscribe to the thesis that news mean nothing, price means everything. That doesn't mean you won't be right, it just means I don't think we do ourselves a favor cherry picking which prices moves we think are "real" and which are "fake" and thus trying to outguess the markets.
Quote from Landis82:
Let me ask you this . . .
Do you actually think that professional traders such as Stevie Cohen, Paul Tudor Jones, Stanley Druckenmiller, or Stanley Shopkorn would have NOT traded from the LONG SIDE today?
Quote from S2007S:
you are right, its just that last time the fed came in and every started to rally again everyone thought it was a clear signal to get long, it wasnt, im not saying this time is the same, maybe this was the bottom and maybe the markets are ready for another 5 year run but its just not possible at this moment, the markets are going to stay in 1000-2000 point trading range for quite sometime. I would get bullish below 11200k and extremely bullish under 10500.
Quote from Aaron Copland:
Thatâs hard to say I really don't know. More than likely they would have been stopped out of a short. Then maybe reverse with a small position. But I doubt they would have a large long position yet.