Urgent Message From Rennick

riskfreetrading · Feb 19, 2009

Quote from Spectra:

Quick question:

Are the excellent trading calls made from these 500+ pages of thread after the fact or before the market makes a swing move?

This seems like the thread where there are no losses.

That is a nice thing.

Hi Alex:

Are you referring to my calls (RFT's calls) or Bill's calls? My calls are in real-time, at the very second they happen. Some of them before time.

Also how is business doing? Are people still hooked to the street or the recent carnage impacted business in terms of newcomers. Usually people know about stock in a bull leg, and miss the best and most profitable of all legs: the bear leg.

RFT

riskfreetrading · Feb 20, 2009

Is Bill on expiration schedule?

Be careful Bill, do not follow expiration too much because we do not want you to expire.

Expiration is officially not until tomorrow (not today Friday). So as long as you show up before expiration things should be fine.

rolextrader · Feb 20, 2009

Quote from Spectra:

I will make it shorter and sweeter.

Only losers hang around web sites all day worrying about who is hanging out on a web site all day predicting where the market is going to go.

And I'll make it the sweetest of all.

Only self anointed trading gurus who can't make enough--or any--money trading for themselves have chat rooms that charge real losers $300/month for calls that are taken on a simulator after the fact so they can post a hyper inflated track record on their website that has no resemblance to live trading.

tbone4 · Feb 20, 2009

In case you were wondering...

Ball called for a bearish afternoon when the Dow was down 214.

The Dow closed down 100.

Ball = George Costanza

Spectra · Feb 21, 2009

Riskfree,

You touched on an interesting point. I myself wonder if the increase in people interested in trading points to a WEAKENING economy.

Maybe when things get better trading room attendance will decline.

My question about market calls concerned the value of adding to market calls.

Even yesterday in our room the plan was to short rallies, specifically one recommendation was to short a little every 20 points (Dow) in a rally. (Not a newbie idea.)

The worst case of someone following that "CALL" Was a trader who took that idea to mean "Bet the ranch" that the market would sell off. It did.

But this trader who shorted 6 contracts with a $5,000 account lost big time and can't trade any more.

Some say he lost because of my BAD CALL. Others might say bad money management.

The lesson is that not everyone makes money on a GOOD CALL. Lots of other considerations apply. People who sign up just for the PURETICK CALLS are in for a nasty surprise.

Those who sign up for a career opportunity should be expected to work.

There are people on this site who make trading calls (some pretty good). If I just repeated those calls to the +100 people in my room, would I expect everyone to make a fortune?

Probably not. Not because the calls are bad---the traders may find tons of ways to find a way to lose money. Other traders could trade any decent methodology.

Successfully,

Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)

Ivanovich · Feb 23, 2009

I just cleaned up the last few pages. Stop the fighting now and grow up - everyone.

William Rennick · Feb 23, 2009

MON. 2/23 1:43 pm dow-141

The mighty "Ball" remains NEGATIVE calling for further WEAK Market action.

I AM STAYING SHORT UNTIL A POSITIVE SIGNAL IS TRIGGERED. SHE'S IN FULL BLOWN DUMP MODE FELLAS, NO END IN SIGHT AS THAT WHICH HAS BEEN WRITTEN BY THE HEBREW PROPHETS UNFOLDS.

NostaRennickdamus out

tbone4 · Feb 24, 2009

What's wrong with your website, Mr. Rennick?

Did it make a bearish call this afternoon and blow the server?

riskfreetrading · Feb 24, 2009

Quote from William Rennick:

MON. 2/23 1:43 pm dow-141

The mighty "Ball" remains NEGATIVE calling for further WEAK Market action.

I AM STAYING SHORT UNTIL A POSITIVE SIGNAL IS TRIGGERED. SHE'S IN FULL BLOWN DUMP MODE FELLAS, NO END IN SIGHT AS THAT WHICH HAS BEEN WRITTEN BY THE HEBREW PROPHETS UNFOLDS.

NostaRennickdamus out

Hey Bill, welcome back. RFT issued a bearish call at 2:07PM on NDX (nasdaq 100). We change clothes quickly from bull to bear and viceversa.

Go with the winners!

shortie · Feb 24, 2009

Quote from William Rennick:

MON. 2/23 1:43 pm dow-141

The mighty "Ball" remains NEGATIVE calling for further WEAK Market action.

I AM STAYING SHORT UNTIL A POSITIVE SIGNAL IS TRIGGERED. SHE'S IN FULL BLOWN DUMP MODE FELLAS, NO END IN SIGHT AS THAT WHICH HAS BEEN WRITTEN BY THE HEBREW PROPHETS UNFOLDS.

NostaRennickdamus out

excellent ball! i mean call!