Did Media Blow Greek Smoke Up Your Rectum? Is It Time To Short Yet?

Discussion in 'Trading' started by shortie, Jul 1, 2011.

What's Your Short-term View?

  1. Very Bullish

    10 vote(s)
    14.3%
  2. Bullish

    21 vote(s)
    30.0%
  3. Flat

    15 vote(s)
    21.4%
  4. Bearish

    15 vote(s)
    21.4%
  5. Very Bearish

    9 vote(s)
    12.9%
  1. bone

    bone

    And maybe that is why 98 % of retail traders lose. They just do !

    ( I've always been curious where he ranks himself )
     
    #21     Jul 2, 2011
  2. And no sponsor seems to be able to make enough strictly from trading :D
     
    #22     Jul 2, 2011
  3. :)

    let's be nice here please. i want to keep this thread clean. as long as bone provides some useful info from his two decades of experience he is entitled to throw in a few ads. i think that's fair.
     
    #23     Jul 2, 2011
  4. bone

    bone

    Well, since I transitioned from HF to swing trading a few years ago my original thought was that I would need something else to do with the time and energy normally spent staring at the screen and engaged in a white-knuckle ride. There was also the assumption at that time that my trading income would fall off and that the client fees would partially compensate. I was correct regarding clients taking up the time and focus element, I am pleasantly surprised (shocked actually) at the net results for the differential between HF and swing trading.

    Net loser is clearly Nymex, ICE, Eurex, Liffe, and the FCMs.
     
    #24     Jul 2, 2011
  5. bone

    bone

    Oh, I think he has a point. I am taking fewer clients than I used to because the net P&L on the swing trading versus the HF approach has frankly shocked me a bit. The clients I am taking on tend to more experienced and accomplished and less of a pain-in-the-ass for me. The other aspect is that I want to have access to trading talent that I am familiar with in terms of performance and game for a future endeavor.
     
    #25     Jul 2, 2011
  6. I'm trying to figure out what HF is.

    I'm usually kinda good with acronyms. Hedge Fund?
     
    #26     Jul 2, 2011
  7. I'm long.

    I have news that they will increase debt ceiling by 2 trillion next month. Markets already reacting to this news in advance.

    Shorts will get CRUSHED.

    S&P 1600 in a year is possible.
     
    #27     Jul 2, 2011
  8. you are confused. they are raising debt ceiling, not S&P ceiling. :)
     
    #28     Jul 2, 2011
  9. Well, since the S&p is a broad based index, is it less likely to trend compared to commodities and currencies. So a reversion to the mean is more likely. That said, the last 2 years were abnormally trendy for the S&P.
     
    #29     Jul 2, 2011
  10. Locutus

    Locutus

    RAWR!!!!!
     
    #30     Jul 2, 2011