Hey wiseass, A) I did not trade today B) Everything looks soooo easy after the fact but chances are you would have gotten your a$$ handed to you by CAI. C) After you trade CAI profitably on a day like yersterday, I will actually listen to your "advice". Otherwise, why don't trade it tomorrow since it seems so easy. I'll be looking forward to taking your money if I feel like going in tomorrow morning. While you're at it, try out WLT & FCL, we're hurting for some suckers.
you guys both need to step back and look at what asses you are making of yourselves. my god give it a rest...no one cares how much mschey makes, the only thing i am getting from any of this is ANNOYED !!!!!!!!!! go back and read the topic.........if it applies then please share your thoughts if not take this BS to chit chat. enough is enough........... i don't see how anyone at ETG can stand working with someone so arrogant.
Perhaps you should step back and mind your own fricking business! Don't confuse confidence, perseverence, and good ole' fashioned hard work with arrogance. I swear to god it's like crabs in a bucket on here, it's no wonder why a few of you are having trouble trading profitably.
This is exactly what I am talking about, someone shares an account of trades made today, shares what he saw in the market and now he must face the wrath of hydro and a few other pikers on here.
So you're a retrospect trader. Please explain how you gather the profits? Time machine? No really, I would LOVE to know since it does seem so easy in hindsight how you can always get in at the perfect tops & bottoms. maxpi said at 845pm: "I'm looking at the 5min chart of CAI for today. It opened and broke support right away, that is one trade, then it reversed and broke resistance going to a new high FOR THE YEAR, that is two trades, it then offered 2 small loss trades during the afternoon and then it broke support and ran down towards the end of the day. I'm saying that there were 60% winners and the W/L was about 3:1 for the day just off of very fundamental trading methods well known to most. Mschey has a lot more experience than I do and probably could do twice as well. " Nowhere was it stated that he made any trades, only a perfect after the fact explanation of what was possible. That is besides the mistake about YTD high, which is more like 67.75, not 65.43. Also the idiotic assumption of perfect entries and exits, someone obviously has very little experience with stocks above $50 with volumes below 500k. Since it looks soooo easy, maybe he will jump into CAI, should be a blast watching him get torn apart by the specialist as he gets chopped out left and right by slippage. Like I said, trade the stock and once you can make money with CAI on a day like this Monday, then talk. I've been there and done it.
You learn how to trade in retrospect. Trading is about making a few distinctions on how best to handle your positions. Then, one goes against you, and you complete a post mortem analysis(I ask questions, what happened? How did it happen? how can I avoid this in the future? What damage control techniques can I employ to salvage the trade, et al) on the trade to determine the best solution going forward.(a new distinction) Perhaps you research this on a few more instruments to validate your strategy, and give you confidence to take the correct action when under pressure(in a losing trade). One way to avoid getting screwed by one individual specialist is to trade multiple stocks. One specialist might get you, but every specialist? I don't think so. I solve the specialist dilemma by trading 40+ specialists every day. One or two might "get" me, but I am able to make up for it trading the other 38 or so. For instance, BSC and LEH hammered me this morning, but I made up for it on the other 25 or so specialists I traded. Do I really care about the outcome of these two individual trades? NO, unless they were the only two stocks I traded all day, then, I imagine I wouldn't be happy with my trading results.
Man, while you guys are trying to bugger up a dime getting short some tanker , Newsweek was giving up info worth 500% overnight on an option play today.. You make 500% on that last short? You need to read Newsweek, The NY Post, and the National Enquirer if you want to compete in this market. I told yuz the sho list would not be a panacea. They see you coming. And going. Don't feel bad, yer too small and feeble for someone like Kirk K. to take notice, otherwise yer azz would be selling Umbrellas on the nearest street corner.
hydro, when striving for big money, its best to not speak and learn from people who are more successful no matter how annoying they are to you I also don't understand why you keep saying its a bad market.... Theres nothing bad market about it, the only bad markets are choppy markets, THIS IS NOT A CHOPPY MARKET.................. If you are being chopped, it means you need to reframe your time frame, This is definately no side way market. mschey has some good pointers, I like that specialist comment, I trade 4-5 stocks usually and yes, I get the same result, one stock gets choppy, of course I chop that shit off immediately, I have 4 others going the right direction. Good advice mschey
if people can trade RYL, PHS and COF, I'll be really impressed! Those chop a lot of traders too, including me lately.
and that's why you got in a pissing contest with hydro and hijacked a good thread. dude, that is 100% ego........ please either contribute or start a mschey vs hydro piss match in chit chat. (and then i will step back)