Where Are The ET Bears Today?

[le140]

Stop hoping for the market to go up everyday. Learn to short and profit from both sides.

Only idiot traders trade from one side of the market. Buy them when they are down and sell them when they are up. It's too obvious. There would not be 90% losers if they did just that. Learn how to scale in.

I am SCALING into my shorts at the close for the swing trade account. There is no doubt that I will win on the short side from scaling in slowly at this level.

IT'S TOO EASY for bulls and bears as long as the market keep moving like this.

 

[piezoe]

Quote from pumpanddumper:

What today meant to me is it opens the doors for new shoes to drop, possibly no more near term FED easing, and a another golden opportunity to inch into inverse funds. No fucking way the market will go parabolic upwards from here. It's still a traders market. I'm just pissed I dumped my long positions early as usual (guess since I'm not greedy) Buying high at these closing levels is a setup for dissapointment near term. When the mentality of buying low and selling high stops working, someone let me know. Then again, I may be wrong and we are at 12,800 but my bet is 12,400 by Friday.

Ideally, tomorrow a follow through sucker rally in morning (after shock) and then "profit taking".

Who cares anyways as long as we keep getting 1-2% index moves, its a win-win situation for everyone, bulls and bears

Amen to all that! And good trading to you pumper.

 

[Landis82]

Quote from makloda:

Not sure if you noticed, but catalysts only exist in your mind that is trying to rationalize market moves and find logical reasons for daily market swings. Markets don't need logic, all it takes is more buyers than sellers or vice versa.

Excellent point!

But there are obviously people that are always looking for REASONS and RATIONALIZING MARKET BEHAVIOR so that it fits their particular bias . . . You see that ALL the time here on ET.

That's what makes ET a tremendous sentiment indicator, to the contrary!

 

[Landis82]

Quote from S2007S:

Still here....

I dont change screen names and stop posting....no trades today . . .


nothing has changed in the last 24 hours, nothing has changed in the last few weeks....find me a few catalysts that will take the dow back to 14k.....please tell me......

Most TRADERS that I know who trade "technically" for a living would have been ALL over this move to the upside today. I'm sorry to hear that you were unable to pull the "trigger".

Must be a bummer to be frozen like a "Deer in Headllghts" and not be able to capitalize off of a 400 point move in the Dow.

Look at any individual stock charts lately?
Throw on a moving average or two? Maybe a 10 or a 21 or a 40 day MA?

You'd be surprised what you might find.
But you seem to be far too busy "rationalizing" your bias.

What a shame.
Perhaps you might want to try a Mutual Fund.