Quote from marketsurfer:
professor,
you use the same buzzword in most of your posts--"technology". kindly enlighten the more brutish among us, what exactly/specifically has progressed 100 fold in trading tech over the last 15 years?
thank you,
surfer
When I saw that you had responded to this post I had to take about 50 really deep breaths and walk around the block a few times. It really works wonders for exorcising demons and you my dear surf have become, in my opinion, one of the worst kind. That is someone who either trades for other people or promotes those that trade for others that are so completely closed minded that they emphatically refuse to even entertain the idea that there is something . . . anything out there other than what is trapped inside their ironclad fortresses they call brains.
You had the opportunity, at my request and offer, to sit and see exactly what I am talking about. You could have spent days grilling me on detailed explanations of the intricacies of all of my warped ideas but you chose to spend that time doing . . . something else. Something that was . . . anything but getting a better grasp on an alternative to the died-in-the-wool processes you and your bank of "quants" currently use to trade from. If my strange and seeming off-the-wall rantings are strictly for the sci-fi channel and late night TV, you could have rubber stamped that notion and we could have all waddled off in the sunset. That never happened. You felt it was safer to sit and throw disguised barbs from a distance where the fall off least likely would touch you.
In the last few weeks you have taken a number of arbitrary positions in the Markets and justified each of them by saying that your quants are telling you there is particular tops or bottoms in the Market. You took large positions, or so you say, shorting Metals, Crude the Mini-Dow and the Euro on the day after the Market saw a large profit taking day. So you "Saw" panic in the fundamentals and jumped in with both feet and the Market handed you your A$$ in a basket. Your only response was, "one of us is right, and i'm betting its me". Good thing I'm not a betting man or you would have been in a world of hurt. Then if that wasn't bad enough on Friday you started shorting the E-Mini Dow at 11508, and added more shorts at 11532 and to compound that added more shorts at 11572. Currently you are 38 points, 68 points and 92 points, respectfully, out of the money. Oh sure, hold them long enough and you will recover but the point is you SHORTED THE MARKET WHILE IT WAS IN THE PROCESS OF CREATING A NEW ALL TIME HIGH. Then have the gaul and audacity to question MY thought process of how I see the Market. 11614 MIGHT be the top in the E-Mini Dow but you nor ANY of your QUANTS will know that until after you have chased the Market up and down the block a few times.
A couple weeks ago when you blew out the first chunk taking all of those shorts I told you why you shouldn't and gave you specific reasons for my thought process. I was 100% correct in outcomes of every one of my reasons for what I spelled out to you. I'm not gloating, hell I'm wrong too but some things are just too obvious to ignore . . . but you ignore them because you are and probably will always be arrogant and blind to anything but your beliefs.
I told you in the your thread, "surfers $$ journal",
http://www.elitetrader.com/vb/showthread.php?s=&threadid=67432&perpage=6&pagenumber=1 , your credibility with me has evaporated. Now go harass someone that truly cares to respond to your childish questions on subjects you have no intention of learning about or devoting any time in understanding. You are a total waste of my time.