Who's fading this move up?

Quote from scriabinop23:

I agree with you, but everytime I do what you do lately I lose my ass (long LEH, long market, etc)...

I hope you are doing better with your (our) ideas than I have been. What seems to make sense has no bearing on what will happen on a short term basis.
:(
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how or why anyone could take an overnight or multi day position in this random chaos is beyond me.Its like russian roulette.
If you are about capital preservation you should only be doing intra day trades/scalps.
 
Quote from dsq:

If you are about capital preservation you should only be doing intra day trades/scalps.
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That's odd because my daytrading has went to sh*t lately but my position trading is working better than usual. ;)
 
Quote from cunparis:

That's odd because my daytrading has went to sh*t lately but my position trading is working better than usual. ;)
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Yea me too. just keep size down and all is fine.

Interday and daytrading is the same game, just different sizes and wider profit targets.
 
Quote from scriabinop23:

I agree with you, but everytime I do what you do lately I lose my ass (long LEH, long market, etc)...

I hope you are doing better with your (our) ideas than I have been. What seems to make sense has no bearing on what will happen on a short term basis.
:(
More...

Heh fair point, I am down this month so maybe I'm the "cold hand"/fade indicator right now.
 
Quote from stock_trad3r:

the upside is huge. Dow 12,000 on panic covering and then a steady rally to 14,000 within 15 months.
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Stock_Trader... this is your problem.

you decide which way you want the mkt to go. You think point out all the reaons why it should go up.

You should do the opposite, analysis >> then decision
You do decision >> then analysis that support your decision
 
Quote from Sky123987:

Stock_Trader... this is your problem.

you decide which way you want the mkt to go. You think point out all the reaons why it should go up.

You should do the opposite, analysis >> then decision
You do decision >> then analysis that support your decision
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The chart tells you all you need to know. People often try to impose their will on the market when the market does not give a damn what you think even if you could raise the dead and turn water into wine.
 
The charts don't matter with regard to indexes

The charts looked very bearish on the spooz on October 2002 yet that was the start of a new bull market.

nice move in the futures:

Dow 8,604.00 47.00 0.55
S&P 500 908.10 5.30 0.59

May not seem like much but Hong Kong will probably recover as will Germany
 
Quote from stock_trad3r:

The charts don't matter with regard to indexes

The charts looked very bearish on the spooz on October 2002 yet that was the start of a new bull market.

nice move in the futures:

Dow 8,604.00 47.00 0.55
S&P 500 908.10 5.30 0.59

May not seem like much but Hong Kong will probably recover as will Germany
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Another huge day of buying :p

don't fade this rally unless you enjoy losing money
 
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