The S&P 500 has topped at 2430 on 6/1/17

The S&P 500 has topped at 2430 or is within 22 points of topping

  • Yes your are correct

    Votes: 14 41.2%

  • Hell no you just got lucky last time and are still smoking crack

    Votes: 20 58.8%
  • Total voters
    34
Monsieur volente has a clean slate in my book - bad call or calls? Don't care. Nobody without sin here. IMO he has what Warren Buffet said a trader should acquire - the big swing to hit the ball out the park. I hope his losses are small and manageable.
 
propwarrior said:
I don't blame you for being sceptical on a trading forum you should be. A few days ago Volente asked me to show proof of a trade I claimed and I posted it up. Here it is attached. See below for the fill, sold 21627 in Dow cash and banked 21475, 8 ticks off the low lol. I am not posting my calls live (why should I?) although I may chime in with a steer every now and again. The main reason I am posting in this thread is to point out the stupidity of being long term short in this market and yes I get a kick out of trolling people who blatantly have no clue what they are doing. I guess you want to see my fill buying 5 lots of Dec Dow near yesterday's low too. enjoy.

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This unfortunately does not pass muster. --kind of like Vol saying he made up short premium with no specifics. ---What does interest me is the real time calls with entries and exits. ---It's all we have here for validation---Please direct me to those postings . I'm not able to locate them and I am certain that they are there.----Ishmael
 
Joe_D said:
Monsieur volente has a clean slate in my book - bad call or calls? Don't care. Nobody without sin here. IMO he has what Warren Buffet said a trader should acquire - the big swing to hit the ball out the park. I hope his losses are small and manageable.
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Again, what is bad about calling a 40 day range to within .07% before we've even seen that top? Sorry, by any measure, identifying 2452 that far out with no action at that point is good. 2453 held I two separate occasions during that time.

When someone calls a top or bottom, that's a prediction of inflection. That he called it a top merely reflected his bearish sentiment, the inflection was nevertheless a good call. Even the bearishness was a fair call considering the risk factors involved.

Calling that call bad is like calling someone foolish for losing a coin toss...
 
He has good timing.
If he was a 'long only' trader, he'd be a billionnaire!
I suggest one never shorts something like the ES/spx - It's super low odds. Bordeline insanity
You can literally buy right here dspite everyone saving 'overbought!' and you have excellent odds at making some good money
 
beerntrading said:
Again, what is bad about calling a 40 day range to within .07% before we've even seen that top? Sorry, by any measure, identifying 2452 that far out with no action at that point is good. 2453 held I two separate occasions during that time.

When someone calls a top or bottom, that's a prediction of inflection. That he called it a top merely reflected his bearish sentiment, the inflection was nevertheless a good call. Even the bearishness was a fair call considering the risk factors involved.

Calling that call bad is like calling someone foolish for losing a coin toss...
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Absolutely, Sir, my mistake - I was side tracked by the overall criticism of "bad call" and did not look at the minuscule % Price surpassed. Thanks for pointing this out. :)
More power to volante with this new realization.
 
theapprentice said:
He has good timing.
If he was a 'long only' trader, he'd be a billionnaire!
I suggest one never shorts something like the ES/spx - It's super low odds. Bordeline insanity
You can literally buy right here dspite everyone saving 'overbought!' and you have excellent odds at making some good money
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He might have LONG for quite some time. He adequately explained to me that he's a contrarian trader. For that alone he scores 1000 points as the general pubic is in HERD blind enthusiasm mode and will charge over the cliff.
 
there are lots of negative comments toward Volante how stupid it is to short this market, but frankly the only ones that should post comments like that should be the swing traders and they should also post their entries like Volante does. If you are day trader then calling his entries stupid is unfair.

Yes we have a distorted markets (what else than stocks could one invest in to get good returns?) and there are tons of algos stupidly buying just because there is momentum. The algos don't care whether ES is at 2450 or 24500 and that's something to consider. But also consider this: in this kind of markets you will see days where the market opens at or close to limit down, it just takes some good event and there will be no bids for some stocks/ETFs etc. This market is prone to flash crashes that are not trade-able. So unless you take position prior to the event, don't wait for "confirmed downtrend".

I've read comments here that funds will dump stocks once the market goes down 20%. What happened to buy low and sell high? This market has a problem with any type of correction so I would think that at -20% it would be an opportunity to buy. Unless someone is looking only for another huge crash then ok jumping on 20% correction makes sense.
 
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