Today is Friday the 13th

Quote from FXTraderWill:

Dude why are you trying to outsmart the market? As a trader, your job should be to find easy money. Instead of wasting your time intellectualizing about the market and trying to predict the future of the S&P, something no one knows, perhaps you should work on finding an edge that will day in, day out, let you make $$$ consistently. That's all that matters. You're starting to become as annoying as the dipsters. Please cut this crap out, for both your own benefit and the benefit of the benefit of innocuous forum browsers. Thank you.
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I officially nominate this as:

The most intelligent post on ET ever.
 
Quote from FXTraderWill:

Dude why are you trying to outsmart the market? As a trader, your job should be to find easy money. Instead of wasting your time intellectualizing about the market and trying to predict the future of the S&P, something no one knows, perhaps you should work on finding an edge that will day in, day out, let you make $$$ consistently. That's all that matters. You're starting to become as annoying as the dipsters. Please cut this crap out, for both your own benefit and the benefit of the benefit of innocuous forum browsers. Thank you.
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That's because he has no money to trade.
 
Well, Mikey, it would appear that those bad numbers in Retail Sales mean nothing. As we discussed yesterday, logic has nothing to do with it. Market wants up. Up it will get.
 
It looks like any down day is a buying opportunity. Just like the late 90s leading into the bubble. The Fed printing so much money and they have no way to go except into the stock market.
 
Quote from Ivanovich:

Well, Mikey, it would appear that those bad numbers in Retail Sales mean nothing. As we discussed yesterday, logic has nothing to do with it. Market wants up. Up it will get.
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And the "Market" would be ???

I love it when people refer to an auction like 5 guys sitting in a back room planning a bank heist.

Ya gotta love this place, it's entertaining as hell. :D :D :D
 
I have made good money SHORTING the market today. I was a bit nervous with my Radioshack short until today. I was even considering covering my position the last few days, but now Bank of America has confirmed what I have believed strongly all along. Radioshack sucks, thats what I strongly believe.

My other shorts are doing fine like MOT, BRLC, a few random homebuilders and CC.
 
Quote from michaelscott:


My other shorts are doing fine like MOT, BRLC, a few random homebuilders and CC.
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Bullshit. Total bullshit man. How are you making money on homebuilders today when they're all up on the rumor that Buffet is buying into HOV? :confused:
 
Quote from Joab:

And the "Market" would be ???

I love it when people refer to an auction like 5 guys sitting in a back room planning a bank heist.

Ya gotta love this place, it's entertaining as hell. :D :D :D
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Don't put words in my mouth, or believe you know - for one moment - what I mean.

When I say the "market wants to go up", I mean the beast that is abstract. The ocean of investors that happen to be leaning one way or another. The sentiment..whatever you want.

So put that in your pipe and smoke it.
 
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