if you buy stock without hedging it in any way then you have made a directional bet. Shortening your time frame down to a few minutes, or shrinking your profit objective or stop loss down to pennies does not make it a non-directional bet. If you buy long you want it to go up. If you sell short you want it to go down.
the trend is up, market has bottomed.
- Thread starter lundy
- Start date
Lundy, could you elaborate on this
dotslash,
thats what I was trying to say.
overtheline,
theres 2 types of straddles I know of. One is buying puts and calls. You are betting on volatility. If the market moves big either way, one side of the straddle makes enough to pay for the other side losing, and still make a profit. You want volatility in this situation. Or you could say that you are bullish on volatility.
The other straddle is from the selling angle. You sell puts and calls, and you want the market to stay where it is, ie no volatility. If it stays relatively still, you will make money on either the puts or the calls. So you are bearish on volatility.
There are all sorts of strategies within these 2 categories that people use to get an edge.
thats what I was trying to say.
overtheline,
theres 2 types of straddles I know of. One is buying puts and calls. You are betting on volatility. If the market moves big either way, one side of the straddle makes enough to pay for the other side losing, and still make a profit. You want volatility in this situation. Or you could say that you are bullish on volatility.
The other straddle is from the selling angle. You sell puts and calls, and you want the market to stay where it is, ie no volatility. If it stays relatively still, you will make money on either the puts or the calls. So you are bearish on volatility.
There are all sorts of strategies within these 2 categories that people use to get an edge.
no hard feelings. I didn't mean for that post to imply something negative about your business. It was just an observation. I also know that profitable traders is what you guys want in the long run.
I'm a big beleiver in capitalism, so as long as you teach them to make money, you deserve every bit of commissions they generate.
I'm a big beleiver in capitalism, so as long as you teach them to make money, you deserve every bit of commissions they generate.
after 100 pages of provoking dialog, I think I'll revisit my original post to alleviate some of the confusion surrounding this thread.
I admit that my calculation was wrong. I've posted numerous times that the September 11 week could have messed my charts up a bit since I was using fibonnaci time series to time the exact reversal.
However, now I have a confirmation on my longer term elliot theory indicator, that the market already has bottomed, (last week). And so I stand 100% behind my statement that THE TREND IS UP. I expect a rally that could equal several hundred points on the NDX. From september lows, NDX rallied nearly 700 points, so it's definitely possible.
I'm looking for a minimum of 80 market days until the top.
Thank you all for participating in this thread!
trend: a general tendency, movement, or direction.
what is the general tendency, movement, or direction on a daily nasdaq chart, right now? NOT UP..just look at it.
New bottom trend is up? again?
sounds like BULL to me
sounds like BULL to me
Any of you BULLS need a chart? There arent any gobble-de-goook reversal indicators on mine.... you just look at it... and SEE ! LQQKIN
this year:
the Dollar is down 7%
NAS is down 28%
DJ is down 7%
S&P down
Profits are down
Jobs are down by almost 2 million (since 2000)
Savings are down to zero..excuse me .04 or something like that
Accounting Fraud is doing good...its up
Money supply is way up pumping in new billions monthly
Trade debt is way up
Consumer debt is way up
Corporate Debt is way up
Bankrupts are way up
Realestate values are up higher than giraffe nuts
Energy costs are up
And a box of cereal is 4 bucks
And Lundy is up too hes just high on the NAs for the next 80 days.
I think Im going to buy Worldcom stock it was up 100% the other day. Actually that might not be a bad gamble. Can get alot of stock for 50 bucks lol
ok lets see if the bulls take over tomorrow.... gona be a new bottom.
and no I dont want to see how you bulls come up with your trend is up theories and calculations. It'll confuse me.
this year:
the Dollar is down 7%
NAS is down 28%
DJ is down 7%
S&P down
Profits are down
Jobs are down by almost 2 million (since 2000)
Savings are down to zero..excuse me .04 or something like that
Accounting Fraud is doing good...its up
Money supply is way up pumping in new billions monthly
Trade debt is way up
Consumer debt is way up
Corporate Debt is way up
Bankrupts are way up
Realestate values are up higher than giraffe nuts
Energy costs are up
And a box of cereal is 4 bucks
And Lundy is up too hes just high on the NAs for the next 80 days.
I think Im going to buy Worldcom stock it was up 100% the other day. Actually that might not be a bad gamble. Can get alot of stock for 50 bucks lol
ok lets see if the bulls take over tomorrow.... gona be a new bottom.
and no I dont want to see how you bulls come up with your trend is up theories and calculations. It'll confuse me.