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

[volente_00]

Hitting a stop is not a bad thing, and the intent is to get it just outside the inflection. His call for inflection was functionally accurate, just a little tight. There's no doubt that a trader could have been solidly profitable over the last 40 days with his model.

Like a guy who shorted 2440's a few fridays ago right before 2403 touch ?


I never said I am 100% accurate. 78-82% is my average. I'm posting my thoughts and trades that reflect from them. If you think I am wrong the feel free to fade the hell out of me and profit. What is interesting is the voting on this thread was much more equal and I got stopped before target compared to the previous thread where it was very lopsided against me and my target got hit.
Just goes to show you that you always want to be on the opposite side of the majority in your trading or you will most likely lose long term. This is exactly why buying spy options is a losing game long term.

 

[Joe_D]

As a contrarian trader the downside risk is to great to me to favor long. I buy when there is blood in the streets.

Blood in the streets in 2008 crash hit its peak in Nov. 2008. You would have gone broke going LONG that early.

Current scene is a TOP so we are dealing with frothy exuberance of the HERD, extrapolating the Dow to infinity with shit like, "this will go on forever" - but we know better. To save your powder, sit on your hands, be patient, wait for at least a trendline break. WTF is the hurry?

 

[beerntrading]

Like a guy who shorted 2440's a few fridays ago right before 2403 touch ?


I never said I am 100% accurate. 78-82% is my average. I'm posting my thoughts and trades that reflect from them. If you think I am wrong the feel free to fade the hell out of me and profit. What is interesting is the voting on this thread was much more equal and I got stopped before target compared to the previous thread where it was very lopsided against me and my target got hit.
Just goes to show you that you always want to be on the opposite side of he majority in your trading or you will most likely lose long term. This is exactly why buying spy options is a losing game long term.

Can't I think you're right and fade the hell or of you and profit?

(The answer is yes)

For clarity sake, I really wasn't, I was just taking bull entries as we pulled away from 2450

 

[volente_00]

...not even eoh

Damn trump

 

[volente_00]

Blood in the streets in 2008 crash hit its peak in Nov. 2008. You would have gone broke going LONG that early.

Current scene is a TOP so we are dealing with frothy exuberance of the HERD, extrapolating the Dow to infinity with shit like, "this will go on forever" - but we know better. To save your powder, sit on your hands, be patient, wait for at least a trendline break. WTF is the hurry?

I survived shorting 1999
I think I can manage

 

[Pekelo]

"This gigantic bronze sculpture was installed at an art museum in Fujian Province’s Xiamen City on 2015, August 24. The statue stands 3.4 meters (11.15 feet) high, 6.1 meters (20 feet) long, and 2.9 meters (9.5 feet) wide. It tips the scales at a mighty three metric tons (6,600 pounds) and depicts a very muscular bull dominating a much smaller bear. The sculptor said he created this piece hoping that frustrated stock investors could relax and sleep well after seeing it."

 

[volente_00]

Can't I think you're right and fade the hell or of you and profit?

(The answer is yes)

For clarity sake, I really wasn't, I was just taking bull entries as we pulled away from 2450

So scalping?

Or are you going on record as long at 2450's with stop at?

The devil is in the details

 

[Joe_D]

Look at the number of people, experts and whatnot who've been shorting since Jan 2014. Quite incredible. Just drop down to basics amigo, stairstep approach as the market climbs higher, keep STOP 2 minor hills lower and move it up when necessary.

Due to your fear of a big drop, sure no LONGS for you now, but for crying out loud, why tf are you shorting?





http://www.marketwatch.com/story/this-stock-market-rally-is-for-suckers-2014-11-05






http://www.marketwatch.com/story/stocks-are-telling-you-a-bear-market-is-coming-2014-05-14


http://www.marketwatch.com/story/if-ever-the-stock-market-flashed-a-sell-signal-its-now-2014-07-09


http://www.marketwatch.com/story/stock-trader-who-called-three-crashes-sees-20-collapse-2014-07-28

 

[noddyboy]

Look at the number of people, experts and whatnot who've been shorting since Jan 2014. Quite incredible. Just drop down to basics amigo, stairstep approach as the market climbs higher, keep STOP 2 minor hills lower and move it up when necessary.

Due to your fear of a big drop, sure no LONGS for you now, but for crying out loud, why tf are you shorting?





http://www.marketwatch.com/story/this-stock-market-rally-is-for-suckers-2014-11-05






http://www.marketwatch.com/story/stocks-are-telling-you-a-bear-market-is-coming-2014-05-14


http://www.marketwatch.com/story/if-ever-the-stock-market-flashed-a-sell-signal-its-now-2014-07-09


http://www.marketwatch.com/story/stock-trader-who-called-three-crashes-sees-20-collapse-2014-07-28

VIX to 7?

 

[beerntrading]

So scalping?

Or are you going on record as long at 2450's with stop at?

The devil is in the details

No, I trade days or weeks. I had a put credit spread over 2445-2450 most recently. Closed the shot today for a handsome 45% gain on the entire position after 2453 held for the third time today...left the other 1.40 on the table thinking I might get paid on the long exercise.