I took this moron jumpshot off ignore to reveal this thread again. I smelled ya coming a mile away. Saying you'll cover and short does not make a trader. The original trade had no basis at all. Just a GS bash based on hype. No better than saying that if the stock goes down I'll buy more. Now if you took the 20 cent loss I'd say that was a trader. A 3-5 $ loss, thats a sucker. If you had half a brain you would have realized I was telling you this was a moonshot and gotten long. As for those that mocked my rocket. Happy Landing.
Or folks that come back with new usernames pretending to be someone they're not and hiding behind new anonymous proxies each time. Somehow they always identify themselves, though
Yes indeed. This kind of profound idiocy cannot be faked or hidden. I rarely comment on someones supposed trade, but this one , coupled with that Zanger reference gave me a 96.5 probability that it was a stinker. Nothing is more reliable than fading the rantings of a loser.
I look at the 60-minute, 30-minute, 15-minute and 5-minute candlestick charts (on the same screen) during the day. The white line across the screen was my not to exceed price. I covered around that line for a small loss. The candlestick at the white line gave a clue as to what would happen next. When I saw the 60 minute go red, then I re-entered the short at 155. Lets see how it goes in the morning. This is the 60 minute candle-chart.
Here is the macro view of GS from 2006. You can see the logic behind the trade. A failure above that line would make for a nice pullback.
Zanger just came out with a new broadcast saying to go long the FAS. In the first broadcast last Weds, he was talking about getting short and Goldman Sachs, now he is talking about getting long the 3x. Does anyone see a great fade here? http://www.tradersnation.com/player/?id=241
Well if he said he is going long mean we need to short it I never beleive these MOFO LAst time George soros said he bought a position in LEH i went aheah and bought it and what happened thinking a smart guy like him I guess he was unloading while we were buying All F MOFO
Im going to keep adding to the short on the way down. Looks like JPM earnings came in less then what I expected and the bankruptcy of CIT is looming. CIT is like a mini-Lehman. 1/8th the size...
I can suggest a fee-based service if you need real time trades and position information. I bet it would vastly assist you with your trading rather then trusting whats on elitetrader.