i don't predict when it will correct. my trade is fundamental and also seeing the market up 30% now without any positive reason other than fed money in the last 7 months. If it corrects it won't be 10% because people will be burned already at 3%, 5%, and 7% at that point. it has to be a small trade though because honestly the market just goes up and you have to know your limitations when you go against a trend.
Well said, but I would not outright short until u get confirmations. There is also the worry that selloffs get bought sooner than later. It all sucks with the fed back stopping, and I hate to complain about this fed "market put" like everyone on et.. Its all very unhealthy for the financial system and I think its possible fed is realizing its time to call it a night. Real traders can only hope we get back to some nice "uncertainty" to play with.
Why u hate market trend up? Are you a trader or economics? Or just you are alike 90% of the losers here, they are complaining juse BECAUSE THEY ARE IN THE WRONG SIDE (SHORT SIDE)
Bro..or should I refer to u as "boy"... I'm the most prolific PnL poster on et for years. You can see my results and make the proper conclusion if you had half a brain. For me to actually earn what I prefer..I need market swings...probably like most others here who earn also. Of course you wouldn't know what I speak of...and you can only respond in words, lol show me PnL and I will acknowledge you ..otherwise you are like the rest...losers. And yes, I was short the market recently and lost(a tiny fraction of account size I may add for those who hope it was more, lol)...posted it ...as I am exceedingly honest.
Good you are profit and only loss "tiny" fraction. I am profit and no need to prove to anyone, include you. Indeed, I make more money than most of the ET here that still worry about PDT rule. Feel free to put me in your ignore list. I don't care and I don't expect anything from you.
thank you for proving my point so quickly in your broken English and/or poor grammar. the only thing you make are words...least of all money as i suspected. i do not need to put you on ignore..your original attacking post keeps me updated on how simple my competition is.
In a now extinct forum post (I canât remember which forum or the name of post) that took place in early 2008 a heated written debate was ongoing about current market direction. Vicious trolling and verbal abuse poured out from both sides until a respected forum member not involved in fray wrote something like ââ¦are you people trading the same trend? Tell the rest of us simply how you define your trend (include the time interval) to go long or short and tell us what vehicle(s) you use to define the trend you are tradingâ¦â Much to my amazement posters responded! What was posted showed that the definition of market trends being traded was all over the map. To some trend was only defined by ES futures using intraday trends, others totally disagreed saying trend came from the S&P 500 Index on monthly, weekly and daily charts and still others said trend was better defined from U.S. small cap indexes like the Russell since small caps broke up or down first in stock market trend reversals. These were just a few of the responses. When each these traders began to compare notes they found that they were each trading their trends profitably in the same market. That unless they were talking about the same definition of market trend that trend comparison in most cases was not possible. One trader was talking about the short term trend, another the intermediate term trend and still another trader the long term trend. What I learned from the hoopla is a trend means nothing unless it is directly connected to your trading plan. Then it is costing or profiting you directly and that is what you are defending. For example in my 401K I was long small caps intraday (using IJR) until the current short term trend broke lower intraday and now Iâm out. However another trader may still be long the long term weekly trend that is still going up for IJR. So are the small caps now in a down trend? I say it is all a matter of perspectiveâ¦.
This make my day. Since when I ever say English is my native language ? You can make whatever assumptions you wish, e.g. you are making millions in real money while others are only paper trade, and yadi yadi yada.. Keep shorting market. The market will tank eventually and your normal swing pattern will be back to you, hope you still remain solvent at that time. I have my own winning strategy (since 8 years ago) and I am happy with it, I am not interest in your profitable thread or anything. Just put me in your ignore list.