went long SPY

[Lucrum]

Quote from intradaybill:

What am I losing? He went long yesterday. He is averaging down to get out intact. Are you well?

tradingurinals is a not so bright paper trading piker

 

[iceman1]

Quote from denner:

So, your "as I was saying" was not to be interpreted as some sort of self-aggrandizing statement?

I don't have a dog in this race, so it's not really a big deal to me either way, but I find the whole argument about "we'll be higher by Thanksgiving" as sort of a non-starter if we trade 8-10% lower between now and then.

Then again, I heard the same exact things back in 2008 and 2009 as everyone was convinced that the one day bullet rallies higher indiciated a definitive bottom.

I've got a feeling you got hurt real bad in 2008 and 2009 and that's why you disappeared for a few years.

I wasn't even in the market or trading back in 2008-2009!! I have not looked at the market or a chart since 2006, until June of this year. Honestly.

 

[noob_trad3r]

sold 112.63

 

[tradingjournals]

SPY at 118.50 area. ET was short at the bottom despite the few in here who were bull at the bottom.

Where are the folks who were saying the trend is your friend?

 

[Bombardier]

The trend never bent which is the reason why I'm still in my long trade since last Tuesday. Nothing else for me to do but to trail the stop higher and enjoy the printing press.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=226737

 

[noob_trad3r]

sold my last half for 118.96

 

[iceman1]

Quote from iceman1:



10-3-11

I don't see that as a bad idea; scale in and no doubt you will be UP significantly by Thanksgiving.

NO WAY this vola keeps escalating without a large counter-trend reversal and/or rally occurring soon.

Q4 is "typically" a good time from the long side. Plus its the 3rd year of a presidential cycle and SPY is off big - - - which historically is a precursor to a large counter trend move.

I thought it would happen today. But things are pretty uncertain so no one wants to be the 'sucker at the table'.

as I was saying.......

Anyone looking to short this week?

 

[iceman1]

Quote from N54_Fan:

LOL...

I have to ask...what is your target price, time frame before the trade is profitable, and what is your stop loss price? You just using your GUT here on this trade or do you have some sort of signal that says the market is going higher?

last question.....You like catching falling knives?

Seriously, I have no idea what anyone could see as bullish on this market right now. Monthly, weekly, daily, 60 min, 15 min, 5 min and 1 min charts ALL SHOW A DOWNTREND!!! Why in the world would you go long here?

Please explain your trade....I would love to learn something here if you see or know something I do not.

hey HOTSHOT --- are you STILL laughing ???!
You're a real genius N54

 

[iceman1]

Quote from stock777:

lolololololool

m0
ron

... are you still laughing hotshot prick

 

[iceman1]

Quote from N54_Fan:

Who said anything about PREDICTING? Just look at the trend...follow the trend. For there to be an identifiable trend it by definition has to have already started.

who says that it is a "trend" ??

Prove it to me that it is a trend.

What I mean is this:

when I studied at the CME I was taught there is not just ONE trend - hotshot. There are ST trends, intermediate term trends and LT (major) trends. Further in this 'shell game' of a market that we have today... who is to say what is a "trend" and more importantly -- WHEN it will reverse or end.

Where did you study? Let us know you credentials.