There may be a selloff coming

Quote from Cocaine:

The thing you dont realize about yourself is that you are so damn close to total implosion, anyone who takes the mindset you do is. That is, being totally blinded by either the bull or bear side. Sure, history is on your side, no question about it. BUT, you're the guy who loses everything and then some when something like March 2000 rolls around. Oh that could never happen to you I know you'll say but you've proven time and time again with your posts that risk management isnt part of your game. I've seen many people like you over the 6+ years of trading completely disregard the need to be flexible, and sure enough they paid the price. Knew one guy who blew out over 200K on one trade, avging down into a negative news story b/c he thought the company was so great and the news to be just a rumor. Buying 5K clips all the way down for 25+ pts. All it takes is something like that, your blindedness to the reality, to wipe you completely out. The problem is, you wont believe me until you are flat broke and owing money. Thats how it always goes. People ALWAYS need to learn the lessons themselves.
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Now that's some constructive comments!

TNG
 
Quote from thenewguy:

How much do you know about his style of investing? How much does SiSe?

I find it strange that so many people call him a moron for yelling "buy buy buy" in biggest bull market we've had for 7 years.

While I agree that the way he goes about it can be annoying, the message is pretty clear to me. Anyone following his advice would have made money. I'm not familiar with anything you have contributed, but today I will have a look.

What I would like to see, is people asking for his reasons behind it and debating it like adults instead of picking on him because he's an easy target. The funny part is, it sounds like he's making money, maybe not stellar money, but he seems awefully happy with it. What's wrong with that? Why does everyone on this site hate anyone else who's making money? Makes you wonder.

TNG

PS have a look at the chart I've attached. Who's a moron, someone who's been yelling "buy buy buy" during that time, or the people who call him a moron for doing that?
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One of the better posts I've read here at my short stint at ET.
 
Quote from Cocaine:

The thing you dont realize about yourself is that you are so damn close to total implosion, anyone who takes the mindset you do is. That is, being totally blinded by either the bull or bear side. Sure, history is on your side, no question about it. BUT, you're the guy who loses everything and then some when something like March 2000 rolls around. Oh that could never happen to you I know you'll say but you've proven time and time again with your posts that risk management isnt part of your game. I've seen many people like you over the 6+ years of trading completely disregard the need to be flexible, and sure enough they paid the price. Knew one guy who blew out over 200K on one trade, avging down into a negative news story b/c he thought the company was so great and the news to be just a rumor. Buying 5K clips all the way down for 25+ pts. All it takes is something like that, your blindedness to the reality, to wipe you completely out. The problem is, you wont believe me until you are flat broke and owing money. Thats how it always goes. People ALWAYS need to learn the lessons themselves.
More...

I know little to nothing about trading, as, I am only 24 years old, however, I do know that those are some damn good words right there..
 
yup gotta love the 2Pm dump this week

but my rimm is doing great

I decided to OFFICIALLY sell all my ddm

I don't recommend it anymore.

I sold it at a loss and I am done with it. 6 weeks and no gains whatsoever.

Putting the money into more RIMM

recommend there calls :

210.00 RFYGB.X
220.00 RFYGD.X
 
Mkts dont need specific news for them to fall or to rise. Sometimes there is and sometimes there's not.
Its the moronic media that needs an "answer" for everything and will spin whatever happened that day into some rationale.

Quote from stock_trad3r:

ouch...look at the market drop

Rimm looking very good now

was there news? anyone know?
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cmon, you think a car bomb in london causes a 25 point intraday swing in the S&P :p

Quote from crazy_trader:

No one want to hold overnight. Could be the car bomb issues in London?
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