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Riffraffpatrol
Registered: Feb 2011
Posts: 236 |
04-19-12 10:16 PM
Quote from sfbayarea:
Where did you say "my bad" on the commish issue? All you did was ask what my broker was. Actually NO.. you never apologized up until now. You just didn't mention it any further. Your apology here is less than sincere because you were giving yourself unjustified excuses like mentioning about +0.01 being a loss. Claiming that I would hold black swan positions until they correct is false. How many times again did I mention holding overnight is a bad idea? I just said that one can see it happening on the chart before it starts to accelerate. Don't get caught counter trend trading. You only cut and past certain phrases to paint a false picture. Yeah, I know the likes of you. I mentioned about over night and I mentioned about small caps. Didn't I mention about being able to take advantage of the situation because one can see it in the chart going in that direction before it accelerates? Please stop distorting.
Go back and count out how many times I got out with +.01 or even -.01. Not only did you lie but you made exaggerations that were far from the truth to paint a false picture of what is going on. If done with limit orders & ECN rebates, +0.01 would still net a slight positive so you still don't know what you're talking about.
You don't even know where in the chart it was that I got in at. All in all, it reached its price target of 113.90 which was the calculation. Clearly there was demand if it reached the price target and actually went beyond. Just pulled back numerous times. This isn't options.
If anything else, I could just stop the journal entry for my own purposes and post only weekly or monthly (or not at all) just so you don't have anything to read. Personally I don't like dealing with liars. No one does. Me grow up? You're kidding. This is coming from a guy that lies, exaggerates, and paints false pictures of others. This is the same BS I dealt with that other guy on the job I lost. You never been taught not to lie when you're a kid? You grow up. No one like liars. Hate to see what you teach your kids. Go write in someone else's journal.
Sf unruffle those feathers. I stand corrected on all commish issues. I did say "my bad"... it's there.
Again I was being sarcastic about u holding... u had said black swans correct.... my point with my sarcasm is I know for a fact u wouldnt hold....so even mentioning that they correct is a moot point.... It's like saying "the sun comes up after all black swans"... who cares? It does nothing to correct the fact u will take a hit far from your intended stop amount.
Sb-- ask any knowledgeable reputable technical expert (hmmm.. how about Scott Redler...ever hear of him....? Oh yea- you r a Tim Sykite...) that has ever existed... bottom line it is asinine and financial suicide for u to put $23k at risk in a single stock at any given time with the intention of netting out $ 30 in profits daily... pennies here, pennies there.
When are u going to come to grips with reality?
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Riffraffpatrol
Registered: Feb 2011
Posts: 236 |
04-19-12 10:34 PM
Quote from sfbayarea:
Where did you say "my bad" on the commish issue? All you did was ask what my broker was. Actually NO.. you never apologized up until now. You just didn't mention it any further. Your apology here is less than sincere because you were giving yourself unjustified excuses like mentioning about +0.01 being a loss. Claiming that I would hold black swan positions until they correct is false. How many times again did I mention holding overnight is a bad idea? I just said that one can see it happening on the chart before it starts to accelerate. Don't get caught counter trend trading. You only cut and past certain phrases to paint a false picture. Yeah, I know the likes of you. I mentioned about over night and I mentioned about small caps. Didn't I mention about being able to take advantage of the situation because one can see it in the chart going in that direction before it accelerates? Please stop distorting.
Go back and count out how many times I got out with +.01 or even -.01. Not only did you lie but you made exaggerations that were far from the truth to paint a false picture of what is going on. If done with limit orders & ECN rebates, +0.01 would still net a slight positive so you still don't know what you're talking about.
You don't even know where in the chart it was that I got in at. All in all, it reached its price target of 113.90 which was the calculation. Clearly there was demand if it reached the price target and actually went beyond. Just pulled back numerous times. This isn't options.
If anything else, I could just stop the journal entry for my own purposes and post only weekly or monthly (or not at all) just so you don't have anything to read. Personally I don't like dealing with liars. No one does. Me grow up? You're kidding. This is coming from a guy that lies, exaggerates, and paints false pictures of others. This is the same BS I dealt with that other guy on the job I lost. You never been taught not to lie when you're a kid? You grow up. No one like liars. Hate to see what you teach your kids. Go write in someone else's journal.
Oh by the way... All i need to know is the buy price...at that price there is nowhere on the chart that said it was a high probability setup that offered low risk, high profit potential. A monkey can throw a dart at a chart and buy at that point and wind up in the middle of nowhere on the chart and make some incremental profit too. . doesnt mean its a quality set up!
Why r u diddling in the middle of nowhere? You should be looking for areas on chart where price spent little time before leaving the level with extended range candles... looking where price arrived back in those levels with conviction vs a slow stairstep bleed... with no significant speed bumps above (if long or vice versa if short) which could hinder profit potential.. You are doing nothing to increase your probablities of a high profit low risk trade!
Sb-- options is a completely moot point here... options/stocks heck futures and forex too... it doesnt matter! These r just trading vehicles! The decision to enter and exit a trade is based on the same thing -- the chart!!! Do u get this once and for all?? You seem to think what Im saying doesnt apply to you since I trade options... U couldnt b farther from the truth!
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sfbayarea
Registered: Oct 2011
Posts: 304 |
04-19-12 10:51 PM
Quote from Riffraffpatrol:
Sf unruffle those feathers. I stand corrected on all commish issues. I did say "my bad"... it's there.
Again I was being sarcastic about u holding... u had said black swans correct.... my point with my sarcasm is I know for a fact u wouldnt hold....so even mentioning that they correct is a moot point.... It's like saying "the sun comes up after all black swans"... who cares? It does nothing to correct the fact u will take a hit far from your intended stop amount.
Sb-- ask any knowledgeable reputable technical expert (hmmm.. how about Scott Redler...ever hear of him....? Oh yea- you r a Tim Sykite...) that has ever existed... bottom line it is asinine and financial suicide for u to put $23k at risk in a single stock at any given time with the intention of netting out $ 30 in profits daily... pennies here, pennies there.
When are u going to come to grips with reality?
That's a negative. Show me on the post where you apologized with your lack of knowledge on my commissions before the insincere one that you did earlier today where you claimed to have already apologized. There isn't any other than the insincere one you put up today. Give me the date and time stamp of the post that showed it. Just more lies.
"You are an ignoramus SB...a simpleton" - your words
Sarcasm? Hardly. You say that on the job, you get fired. If you were the boss, you get sued or no one wants to work for you because people see that you're an asshole. You say that at a bar, you get socked in the face.
You're missing my point on the black swan completely. Again, it will be seen on the chart before it starts. It will be headed in that direction if this is during market hours. Overnight, that's different story. I'm not concerned about what I have in there. You shouldn't be either. I want to be proven wrong so come up with a chart of a large cap stock that had a black swan during market hours and not over night that one couldn't see any clue of before it starts to accelerate.
All I can say is that Tim Sykes is not a loser. He makes some excellent points on chart patterns. Especially if they're going to crash. He's probably made a lot more trading than you have. Who are you going to point out next? Warren Buffet?
I don't know all the ins and outs of options and I don't care to know. Most people don't do options. If that's your trading vehicle fine, go post in the options section.
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Riffraffpatrol
Registered: Feb 2011
Posts: 236 |
04-19-12 11:16 PM
Quote from sfbayarea:
That's a negative. Show me on the post where you apologized with your lack of knowledge on my commissions before the insincere one that you did earlier today where you claimed to have already apologized. There isn't any other than the insincere one you put up today. Give me the date and time stamp of the post that showed it. Just more lies.
"You are an ignoramus SB...a simpleton" - your words
Sarcasm? Hardly. You say that on the job, you get fired. If you were the boss, you get sued or no one wants to work for you because people see that you're an asshole. You say that at a bar, you get socked in the face.
You're missing my point on the black swan completely. Again, it will be seen on the chart before it starts. It will be headed in that direction if this is during market hours. Overnight, that's different story. I'm not concerned about what I have in there. You shouldn't be either. I want to be proven wrong so come up with a chart of a large cap stock that had a black swan during market hours and not over night that one couldn't see any clue of before it starts to accelerate.
I don't know all the ins and outs of options and I don't care to know. Most people don't do options. If that's your trading vehicle fine, go post in the options section.
4/18/12 6:31 pm
Now Sb-- calm down and just try snd think rationally about this for 1 minute.
Suppose a terrorist event (heaven forbid and God help us) were to occur again on US soil the size and magnitude of 9-11 during trading hours. You are long and everything on the chart preceding this point leans toward continued upward momentum. What do u think will happen to a stock like GS? A small drop in price? A drop of $ 1.00 or more? $ 3.00? Or is it possible that a 5-10% initial knee jerk reaction could occur? I know the answer...but what do u think?
Frankly...it doesn't matter what u think...nor what I think. The point is no matter what we think...reality since thr dawn of time has constantly produced events and reactions that we wouldve never dreamed were possible. Does your life exoeriences supercede everything in history to date? Of course not.
You above all here should want to take "just in case" steps to make sure it is impossible for u to be catastrophically affected financially. U however take a turn the other cheek attitude..."it will never happen to me"... This is such naive thinking!
Im trying to help u here-- why else wiuld i be driving this point home?
No chart in the past will dictate what can happen. Its s moot point.
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Riffraffpatrol
Registered: Feb 2011
Posts: 236 |
04-19-12 11:30 PM
Quote from sfbayarea:
That's a negative. Show me on the post where you apologized with your lack of knowledge on my commissions before the insincere one that you did earlier today where you claimed to have already apologized. There isn't any other than the insincere one you put up today. Give me the date and time stamp of the post that showed it. Just more lies.
"You are an ignoramus SB...a simpleton" - your words
Sarcasm? Hardly. You say that on the job, you get fired. If you were the boss, you get sued or no one wants to work for you because people see that you're an asshole. You say that at a bar, you get socked in the face.
You're missing my point on the black swan completely. Again, it will be seen on the chart before it starts. It will be headed in that direction if this is during market hours. Overnight, that's different story. I'm not concerned about what I have in there. You shouldn't be either. I want to be proven wrong so come up with a chart of a large cap stock that had a black swan during market hours and not over night that one couldn't see any clue of before it starts to accelerate.
All I can say is that Tim Sykes is not a loser. He makes some excellent points on chart patterns. Especially if they're going to crash. He's probably made a lot more trading than you have. Who are you going to point out next? Warren Buffet?
I don't know all the ins and outs of options and I don't care to know. Most people don't do options. If that's your trading vehicle fine, go post in the options section.
Do yourself a huge favor and check out Scott Redler and T3. Watch is Morning Call and end of market wrap ups. Learn the right way to trade technically that will ensure your highest probability of success. Get a free trial and listen in on the Virtual Trading floor. Watch the Twitter box as intraday calls are made. T3 is a prop firm, brokerage and educational service provider...frankly their pay courses r very expensive but they have a wealth of free stuff. Get the daily Pricepoint sheet that Scott puts out...thr Off the Charts newsletter. Watch the numerous video clips where Scott makes appearances on cnbc as the talking heads try for once to get him to make a bad call...this guy and his team are too notch first class and have big money in the market trading strictly off charts.
U need help SB and i truly believe it will help u. And no im not a shill. U have nothing to lose and everything to gain. Well- i guess u lose the time invested to research it and maybe some $ 30 profit days...believe me it will b time well spent. U have no edge whatsoever right now...it may be harsh and not what u want to hear..but its the truth. Im not the only one here that has pointed out your entries are horrible.
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sfbayarea
Registered: Oct 2011
Posts: 304 |
04-20-12 03:16 AM
Quote from Riffraffpatrol:
4/18/12 6:31 pm
Now Sb-- calm down and just try snd think rationally about this for 1 minute.
Suppose a terrorist event (heaven forbid and God help us) were to occur again on US soil the size and magnitude of 9-11 during trading hours. You are long and everything on the chart preceding this point leans toward continued upward momentum. What do u think will happen to a stock like GS? A small drop in price? A drop of $ 1.00 or more? $ 3.00? Or is it possible that a 5-10% initial knee jerk reaction could occur? I know the answer...but what do u think?
Frankly...it doesn't matter what u think...nor what I think. The point is no matter what we think...reality since thr dawn of time has constantly produced events and reactions that we wouldve never dreamed were possible. Does your life exoeriences supercede everything in history to date? Of course not.
You above all here should want to take "just in case" steps to make sure it is impossible for u to be catastrophically affected financially. U however take a turn the other cheek attitude..."it will never happen to me"... This is such naive thinking!
Im trying to help u here-- why else wiuld i be driving this point home?
No chart in the past will dictate what can happen. Its s moot point.
I missed your little quote saying "my bad" on 4/18/12. Oversight on my part. Oops, my bad. That still didn't deter you from being extremely rude. However you still went on to accuse me of holding buy positions when a black swan occurs. That is not what I said. I don't need to reinterate again.
Your attitude and the manner in which you speak to people is highly rude and offensive regardless if you say that you're trying to help. Like I said, if anything it turns people off and they will do the exact opposite of what you say. Like I said, if people were working for you, they'd either sue or leave. If you were at a bar, at a minimum you'd get tossed out or socked in the face.
Your black swan thing is not my concern. It will show up on the charts. There will always be people who are unloading at first and there will always be some buyers and short covering. You don't think people need to cover their shorts? Me being the scalper that I am, I will most likely provide liquidity for someone to get out of their position if the market is tanking. The 1987 crash, 2008 crash, all opportunities. Didn't those all correct later on? I'm sure there's many traders who made a killing shorting it during those times. My aunt made a killing buying BAC for $3 during those times and sold for $8 later on. She's investing.. not trading. I'm not advocating holding on however, just pointing out corrections that could occur with these fast drops. I only do short term stuff so I'm not interested in buying and holding.
If I was in a long position and noticed the fast drop on high volume, then I'd get out and reverse position. During market hours for a highly liquid stock like GS it doesn't just head straight down without any pauses or pullbacks. The pauses are when people get out and reverse for the second round of dropping. Gimme a break. Show me a chart that can't be explained, then I'd change my mind. Until then, I'm waiting. Just as stocks go up, it just doesn't go up during market hours without pauses and pullbacks.
As far as GS goes, it's highly computer algorithmized. There will be computer systems that will be picking up shares or short cover during market hours regardless of selling. They sense a fast drop in price beyond a channel in an overshoot and will do a fast pick up. Many of them scalp out too. There's a lot more liquidity in GS than Dendreon. I don't know of any companies that would use Dendreon as their trading instrument. In order for those multi-million dollar companies to switch gears for some black swan, someone will have to go in to change the codes. That takes time and that doesn't account for the computers or other traders buying on an overshoot as it happens in market hours.
The people that really lose are ones not watching it minute by minute. Folks that have normal jobs and not in front of the screen (investors). They get screwed. They don't see the drop off in price as it starts off and accelerates later on.
Any terrorist attack would be taken into account with the general economy outlook anyhow. In 2001, the attacks just accelerated the dot com busts. The only thing might do the job would be if a nuclear blast took out all of wall street. Wall Street is however highly guarded anyhow. Until then, I'll take my chances.
As far as T3 goes, I've heard of them. Although, they're not something that is on my radar, I'm sure they have some good techniques. I'm still working on mine. There's different methods people use to trade. Some Fibonacci, some PA, some indicators. Doesn't matter as long as they're profitable, fine. If someone told me right now to start doing Fibonacci methods, I wouldn't have a clue. It would take me months just to get into that. I'm going to continue doing what I'm doing until I get proven otherwise. When I get proven otherwise, I change gears and go with something else. My losses were mostly exercises in learning what to do and what not to do in trying different entries. I'd say I've improved as a trader overall from when I began. Improvement is all that matters.
A trader that can consistently be in the green after 6 months of screen time, that is at least noteworthy. At this point doesn't matter if it's +10 or +100, I'm just here for experience and building some breathing room.
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