bye bye market-yhoo intc tank it...700 pt drop -here we come

Discussion in 'Trading' started by dsq, Apr 17, 2007.

  1. I hired a mentor and the guy improved my trading 200% and he said the samexact thing you are saying. My bias towards the market was always the opposite while trading, so I had to learn how to ignore it. Like this post LOL. Anyway, thanks for re-confirming.
     
    #21     Apr 17, 2007
  2. Look guys, we're still in a liquidity bubble with Big Ben simply wringing his hands on what to do next. He's got quite a tough decision ahead of him....
    Until interest rates start to go up, this market will continue in that direction.
     
    #22     Apr 17, 2007
  3. S2007 went short today. Worst poker face in the known Universe.
     
    #23     Apr 17, 2007
  4. dsq

    dsq

    'My bias towards the market was always the opposite while trading'

    what do you mean by this?give an example...do u mean if you think the mqrket was going down you would go long?

    I buy and short on up and down days...I short blow offs and buy selloffs but only on the dow 30 stocks and sometimes orcl,dell,csco.For instance i was shorting ko and c today.
    I close all my positions same day -i dont hold overnight.
    Every day is a new day and opportunity.I try to scalp 5-20 cents out of each a trade of 500-1000shares.I go for singles not doubles or home runs.I am conservative and would be better off staying all day with a position but i have been burned too many times in the past.I prefer to sleep well at night.I hated holding a loser position overnight-i used to just dread the next morning.
     
    #24     Apr 18, 2007