The Rally Since 1PM . . .

[Landis82]

Quote from S2007S:

I invest and trade.....


I have beed adding new long positions for my IRA since the dow has fallen below 12300.

How much money is in your IRA account and what percentage of that is currently LONG?
How many shares per day do you average when trading?

 

[S2007S]

Quote from stock_trad3r:

The trend was obviously down in 2002 ,but then stocks suddenly entered a six year bull market

No you mean a 5 year bull market, the bull market ended in November 2007, the bear market is now here and has some ways to go before the bull comes back....

 

[makloda]

Quote from S2007S:
maybe this was the bottom and maybe the markets are ready for another 5 year run but its just not possible at this moment

"Not possible" does not exit in the markets IMO. Anything is possible. This can be a 10 year bear market just as much as we could rally back up to new highs until the end of the year. How can you be so certain markets can't go up from here? All I am asking is why you would risk arguing yourself out of the market should it go against your gut feeling.

Here is something I looked at the other day. 1990-1992 is a period that may or may not be a good comparison for today's crisis, but it definitely is a good example of how news headlines had little predictive value of short term market performance

Headlines of 1990: http://news.google.com/archivesearc...1990&as_hdate=1990&lnav=d4b&hdrange=1991,2002

"Will the Recession Be Global? There are some dire warnings..." - Nov 4, 1990
"Jobless Rate Steady; Start of Recession Seen" - Nov 3, 1990
"Recession May Force Taxpayer Bank Bailout Finance" - Sep 12, 1990
"Leading Indicators Fall for 4th Month, Signaling Recession" - Dec 1, 1990

History teaches that...

...nothing is impossible, regardless of the news backdrop

 

[Aaron Copland]

Quote from Landis82:

20 years ago I traded for PTJ.

I can assure you that on a day when the FED pledged 25% of its balance sheet as collateral, PTJ would not be short by any means . . . He would be significantly long.

Ok maybe after the fact he got long, but before the suprise he was short and trading in the direction of the trend.

Thats kind of what I said.

 

[Landis82]

Quote from Aaron Copland:

Ok maybe after the fact he got long, but before the surprise he was short and trading in the direction of the trend.
Thats kind of what I said.

No, your ORIGINAL post said that . . .

Quote from Aaron Copland:
And the direction is down. Long term professional traders also trade only in the direction of the trend.

So if in fact the trend of the market is DOWN, there is absolutely no way ( in your way of thinking ) that they would be getting LONG today.

And I am telling you that you have made a FALSE premise in regards to how professional traders trade.

 

[Aaron Copland]

Quote from Landis82:

No, your ORIGINAL post said that . . .



So if in fact the trend of the market is DOWN, there is absolutely no way ( in your way of thinking ) that they would be getting LONG today.

And I am telling you that you have made a FALSE premise in regards to how professional traders trade.

Actually I took a small long on this pull back. I don’t personal know any professional traders maybe I wrong. I think there is a difference in the levels of professional traders. Some may prefer to scalp with leverage. Some may swing trade. Some may trade off weekly charts. Some may scale in and scale out.

 

[Aaron Copland]

Quote from Aaron Copland:

Actually I took a small long on this pull back. I don’t personal know any professional traders maybe I wrong. I think there is a difference in the levels of professional traders. Some may prefer to scalp with leverage. Some may swing trade. Some may trade off weekly charts. Some may scale in and scale out.

 

[Landis82]

Quote from Aaron Copland:

I don’t personal know any professional traders maybe I wrong.

If you don't actually know of any professional traders, then why
would you even claim the following . . .

Quote from Aaron Copland:

And the direction is down. Long term professional traders also trade only in the direction of the trend.

I'm sorry, but you don't make much sense at all on this thread.
I think I'm much better off allowing the market to "educate" you.
Good luck with your learning curve.

Goodbye.

 

[whitster]

"Long term professional traders also trade only in the direction of the trend."

idiotic.

i know several "longterm professional traders"

some do. others trade whatever high probability setups present themselves - trend, countertrend, or whatever.

as soon as you say you speak for everybody - you speak for nobody

fwiw, a little over 1/3 of my trades today were short. 2/3 were long

but the overall trend is down. so what?

what matters is positive expectancy setups WHATEVER your methodology.

what doesn't matter is dogmatic nonsense statements you pulled out of your okole

 

[Aaron Copland]

Quote from Landis82:

If you don't actually know of any professional traders, then why
would you even claim the following . . .



I'm sorry, but you don't make much sense at all on this thread.
I think I'm much better off allowing the market to "educate" you.
Good luck with your learning curve.

Goodbye.

Before you go would you buy the ES here at 1326 yes or no? Pretty simple question.