Now that is a real joke. For a start live calls mean absolutely nothing to anyone but the poster, who by doing so is just showing everyone the very little that he knows about trading for real money. Here is a very simple question for those of you who think you know what making money in the financial markets is all about. What is the most important question to ask any trader, whom you think by his posting might know something about making money trading the financial markets? It is a very simple answer, and your answer will show how advanced you are along the trading journey to consistent profitability.
Wouda, couda, shouda is all part and parcel of the inexperienced retail trader, most of whom never get past the first hurdle. This thread is the personification of what makes the markets tick, and that is inexperienced retail traders being lured into the big and beautiful world of easy money, which of course is the furthest thing from the truth you will find. If you want to make money trading the financial markets, there are a few key things that you must fully understand before you can even consider making some money on a consistent basis, which is what successful trading is all about. Any person can click a mouse and make money, just to click it again at a later stage and not only lose the money they made, but most of what they have in their account as well. It happens like clockwork, and unless one is able to fully understand why, then the chances of one becoming part of the statistics is very high indeed. One should make it their business to find out what one is up against before risking years of hard work and effort, and blowing it all in the blink of an eye. Some people have found it so hard to come to terms with their mistakes that they decide to leave this earth, which is very serious indeed, but which the minority could not give one little damn about, as to them it is just one more statistic. So, in this game for some, ignorance can actually kill you.
I had you on ignore for months but I read this and I've decided to address you. You're nuts, you post a lot of shit on here about conspiracy theories and know very little about investing, the economy, or trading. You seem extremely mad, likely because your trading experiences have disappointed you since 2008. Your claim that I bash anything that recommends a short trade is absolute bs. What I do tend to oppose is people calling for 50% drops in the entire US index because ... well ... because they said so, there is no real reason given. In fact, in 2015, the only two calls I made were for a normal correction in US markets in the latter half of 2015, and a small interest hike. Both occurred, and neither was bullish. Oh, and I also probably said around a dozen times that an imminent crash of 40-60% was not going to happen, and that there would be no recession in the US in 2016. I posted no trades because I am not actively trading markets lately. Propwarrier is no different then you in some ways, without the anger issues. A new account to call a top with grandiose claims of a complete collapse of equities. To claim a successful call would involve an exit strategy, in addition to what another poster has said about the entry. So I'd love to hear about the exit strategy of this "trade" because that is the real value to any short on indexes at this point. If the chop in done, the short has to be covered at some point and if the exit is when SPX hits 1100 well good luck with that. You can get mad as is your nature and rant and rave some more, but I don't care. I just want my position on this to be clear to anyone else reading this.
Suicide is a very serious matter. In many professions people do commit suicids : in some countries, medical doctors are the one more likely to commit suicid, in other countries, it is police officers, in some others it is teachers, in some others it is farmers. It is good that someone is sensitive to it.
This site seems to attract some traders that resent the bull market to the point of anger. While in ( frothy? ) US markets today someone could get lucky and do very well on guessing a market top, especially if Trump were to win the election ( I don't think he will but it's a real possibility ), there are huge risks to that approach for some. Posters "Pricechange" and "Der_Kommisar" are carrying so much obvious baggage from the bull market that they overreact to anyone who doesn't share their conspiracy ideas. The level of anger they have isn't healthy.
Don't people trade their psychology? May be the angry crowd has been trading their beliefs, instead of the market.
You guys can carry on slugging it out lol. All I will say is I made 2 live calls, 2 levels. The first was to within a tick, the 2nd 6 ticks drawdown and now you see the market 70 handles lower and believe me we are going much lower. To anyone who says but the second level wasn't hit until the day after, look at the OP, does this sound like a day trade? The whole thread is about how trump will win and equities will be seriously repriced. I gave the exact coordinates where the last leg down started even providing a 2nd entry. The reason I posted the 2 levels was not just to showboat but also to show the market is rigged. I know how it's rigged so I knew the move up on Mon 24th Oct was manipulation. The same for the run up on 27th Oct. Carry on arguing about bs.
Let's be honest here. Looking back at prop's original post, he's actually made a pretty good overall call.
An honest appraisal of his first post is 95% of what he said is unproven ( to be determined ) or based on faulty assumptions.