And what "lesson" was that exactly? The part where you make a "call" on the market without providing any methodology whatsoever, let alone any discussion of technicals or take into consideration the "dovish" geopolitical comments out of Iran that put more downside pressure on Crude . . . or the part where you get short on a MASSIVE TREND DAY?
To the morons who sit here cheering him after a one day dip and start believing he is God, you are idiots. After today's pop now what do you think of this dumb duck? What a tool! I bet the duck didn't even put on a trade when he made his call yesterday. And he got his ass handed to him today several times shorting because he thought he was right and was fighting the tape. You will continue to LOSE if you fight your short bias this Summer. Go back to the pond and take MrDodge with you. I suggest fishing - it will be cheaper.
actually i was stopped out from yesterday at b/e made 1 trade today ..... which was a loss. the running average for my sharpe ratio is still very much above most average traders...... thank you very much
Aside from the ENTERTAINMENT value that you provide with your so-called "calls" on the market . . . No one really cares. Leave it to you to get short coming off of a 61.8% retracement in the SPX. Congratulations!
Let me guess, your a New York Mets fan and one of those "It ain't over tell its over" guys who shows up late to the party after the dancing girls have left. You don't even believe in yourself to hold your own position! Whats the point of putting your analysis on this website when you get shaking out because you keep your stop too tight BECAUSE YOU ARE UNSURE AND SCARED. Either trade with conviction or get out of the game duck.
I show up at the party when the girls are already drunk. And no i dont like holding losing positions. One can have conviction and still wait for an entry. I had my reasons for that trade today. Didnt work out..... more than half of my trades DONT work out. Win / loss ratio more than makes up for it. As far as market calls, I have been almost ALWAYS right, and this call is not over yet.
I guess your reasons don't include a huge rally in the DOLLAR and what looks to be a Euro that is getting pretty "toppy".