Today is the day

[SuperCruz]

I could see this being the peak but I’m not sure. I know I can be wrong many times so I’m not sure how not being able to be wrong twice is valid logic????

 

[TILT2]

Quote from SuperCruz:

I could see this being the peak but I’m not sure. I know I can be wrong many times so I’m not sure how not being able to be wrong twice is valid logic????

Yes, I admit my first call on the first page of my thread was wrong. And my second call about s&p500's topping around 1606 could be wrong again. I feel a bit frustrated now.

 

[StarDust9182]

Quote from TILT2:

Yes, I admit my first call on the first page of my thread was wrong. And my second call about s&p500's topping around 1606 could be wrong again. I feel a bit frustrated now.

But this must be impossible. Someone said that one can't be wrong twice and this seems to admit a third time. Shocking indeed!

Calling tops and bottoms may be great fodder for the ego, but money makes the world go round. Do you want to be right or do you want to make money?

BTW, I am short as of yesterday based on a confirmation by the same fellow I mentioned before. But then, I could be wrong! (even twice)

 

[Lucrum]

Quote from pfranz:

You are talking about trading,it's another matter.The call in itself was correct until today...

I kinda thought "trading" was the whole point.

I mean how much is a "call" worth without a real money trade involved?

 

[startraitor]

Quote from Lucrum:

I kinda thought "trading" was the whole point.

I mean how much is a "call" worth without a real money trade involved?

 

[Visaria]

Quote from Zr1Trader:

Use your damn head .

I know a blackjack player whos longest losing streak was over 30 hands. Blackjack is close to 50/50.

Prob of a losing hand in bj is 50%, a push is 9% and a win is 41% (assuming correct play).

30 losing hands in a row is a 1 in a billion shot.

Perhaps the dealer was cheating

 

[pfranz]

Quote from Lucrum:

I kinda thought "trading" was the whole point.

I mean how much is a "call" worth without a real money trade involved?

calls = events you think have a very high probability
trades = actions whose outcome you think have high expectancy

high expectancy doesn't imply high probability

 

[startraitor]

Should be a move to 1625.

Quote from TILT2:

SP500 and Dow will top today, or maybe tomorrow. The downtrend will start next week. I can't be wrong twice.

 

[atticus]

Quote from TILT2:

Yes, I admit my first call on the first page of my thread was wrong. And my second call about s&p500's topping around 1606 could be wrong again. I feel a bit frustrated now.

tilt, did you cover the short from 18th? It was a great call but I wish you'd taken some off the table.

 

[Lucrum]

Quote from pfranz:

calls = events you think have a very high probability
trades = actions whose outcome you think have high expectancy

high expectancy doesn't imply high probability

Uh...so?