Quote from Ken More:
I'm gonna put my 2 cents in here as my last post on ET:
AMT as we all know thinks the world is coming to an end (I agree) and is/was a short seller from 865. Now, the market has marched straight up to 975. Manlycure defined an area this morning that again, the market cut through it like a hot knife through butter. That's enough to send me back to the drawing board when I was developing systems early on. Here's a guy who has followed all this very closely and he didn't get it right or know what to do until afterwards. You've got a serious problem.
You didn't need anything to tell you to buy today. You should KNOW you should be buying.
As far as what you are doing wrong, you don't need to be in the market all the time. How fucking greedy are you anyway? The more you're in it the more exposure to sudden shock and RISK. The smartest traders like Paul Tudor Jones always play great defense. You could learn a great deal about risk from reading how he thinks and trades.
Why would you want to be short going into this morning? Did you think the market was going down? If so, you have a serious problem. Have you ever heard of trending? I know that is a dirty word on ET where everyone is looking for the fast buck. There was an idiot named Pekelo calling for a drop 2 days ago and a H&S to boot. Go read what they thought this am. Somebody slayed his dragon for sure!
The best advice I can give you ( I doubt you'll take it but maybe some will) is get off this forum looking for the Holy Grail someone is going to give you. It aint gonna happen! You'll win the lottery first. Develop your own system that works for you. Then you won't have to come here or anywhere asking "what did I do wrong"? You'll know what to do.
I'm deleting my shortcut to ET and suggest you do likewise.
You are so funny Ken... You write as if you make sense and a lot of what you say comes out as completely gibberish since you can't communicate clearly.. . and it looks like you are always trying to start a fight...
So... always holding overnight is taking unnecessary risk?.. in whose universe bubba.. and if you take the time
to read my post clearly i said any one could see the initiated buying coming in immediately at the open and it was time to cover and go long.. at that point
And AMT was a short seller from 865... In what universe... can you not even read... He was MAJOR short
from 955 from June 10th and he layered in another MAJOR SHORT
from 925 on July 1st..Go back and READ the posts.. all the way down to 865... he had huge and very profitable positions on down to 865...
He obviously covered those trades a lot lower... (as he laid out his rules since May 1st that once you see very strong initiated buying you cover your shorts... )
You are truly pathetic...