The S&P is looking very toppy

James, I stand corrected, it was my understanding you were shorting the options on futures, not the cash index options!

You were given several opportunities as Waggie945 has pointed out to correctly stated your position in the cash index, but you did not offer any guidance to such.


:)
 
Quote from Sardo_Numspa:

OK, I'm willing to give you the benefit of the doubt. But answer a few serious questions. You claim to have, I think, a nine year track record of successful trading. So...

1) Why would you trade against a strong upward trend at this time? There have been no significant selling days in the past few weeks. It goes against basic trading principle to try to call a top before it happens.

2) You claimed you've been shorting since last year (I think you said that in a previous post). Again, why would you go short when the easy money is on the long side?

3) The only possible reason I could see for going short at this point is if you feel a true reversal is coming and you're testing the market with small positions. So are you taking full positions or doing probes to gauge market strength?

4) Tops are usually proceeded by rollovers in leading stocks. Which leaders do you see failing to make new highs, sell off, etc.?

That's all for now.
More...

Are you sure? That's all for now?

1) I'm just following what has been a successful strategy for me. I am not married to any calls/positions. The key is knowing when to cover.

2) Now you tell me.

3) Of course i'm probing. When/if the market turns my way, of course i'll add on. Isn't that the way it is with everyone? The more you make, the more you're willing to gamble.

4) I don't discuss ticker symbols on ET.

Hope this helps!
 
Quote from James Stock:

Are you sure? That's all for now?

1) I'm just following what has been a successful strategy for me. I am not married to any calls/positions. The key is knowing when to cover.

2) Now you tell me.

3) Of course i'm probing. When/if the market turns my way, of course i'll add on. Isn't that the way it is with everyone? The more you make, the more you're willing to gamble.

4) I don't discuss ticker symbols on ET.

Hope this helps!
More...

Fair enough.
 
Let me ask everyone a few simple questions.

Since James seems to like to REPEATEDLY call tops in the S&P and most everyone here has a different opinion, why do you bother to reply to his posts?

Since James NEVER gives any logic, reason or method for his market top calls, why do you bother to reply to his posts?

Since James seems to enjoy the attention and the argument and keeps coming back for more, why do you bother to reply to his posts?

Since James claims to sell naked calls in a raging bull market without the slightest proof or reason, why do you bother to reply to his posts?

Since the vast majority here voted in one of his previous threads that they would prefer that he just go away, why do you bother to reply to his posts?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=26957

THE POLL AS IT ENDED
Yes, this is around the top 6 10.91%
It may go up alittle bit more, then drop 12 21.82%
No, it's going higher 8 14.55%
Who cares, and please just go away 29 52.73%

 
Quote from pspr:

why do you bother to reply to his posts?
More...
I've been wondering the same thing. At first it was because I wanted to help, then to try to show how full of baloney he is so he would finally shut up (ha). I think it's mostly because I'm a dookyhead.
 
Quote from pspr:

Let me ask everyone a few simple questions.

Since the vast majority here voted in one of his previous threads that they would prefer that he just go away, why do you bother to reply to his posts?
More...

Richtrader--I think here's an opportunity to delete an inflammatory post.

Let me ask you a question, when you LIE and say that a "vast majority" preferred I go away in another thread, do you really expect to get credibility in any of your posts?

It was a minority that wanted me to leave, even with longshot's 10 extra votes magically overnight.

Let's talk trading, not monkey crap.
 
Quote from James Stock:

Richtrader--I think here's an opportunity to delete an inflammatory post.
More...
There was another one about crawling under a rock that I had already deleted..... :D This one isn't directly an attack since you did have a poll asking that question in the past.
 
James has no understanding of RISK, and there is NO LOGIC whatsoever behind his opinions because he lives in a Land of Make Believe . . .

When you put on imaginary trades . . . there is no RISK!
A few weeks back, Riskarb called our little boy "out" and posted his screenshot of being short 65 ES and short the SP 1100 Puts . . . Guess what?

James never posted his screenshot.
Why?

Because Jame's screenshot is totally IMAGINARY

:D :D
 
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