And I bet you're impressed with the post count !! Been lurking and wondering for two years, thought I'd finally ask the question !!
there are no rules other than 1)buy any pullback (1pt, 10pts whatever you want) 2)collect free money (whenever you want to take profits 1pt, 5pts, 10pts, 500pts) thats it..... simple effective strategy with ZERO risk of loss http://www.elitetrader.com/vb/showthread.php?s=&threadid=94623
yeah but ....... Understand the big dip part. So I buy a dip, but it don't come back. What's next, sound like double down on the next dip ?? And then again ?? Problem is, my pockets aren't that deep. You can count contracts I can afford on two hands ..... four dips down and I'm broke !!!! You referring to YM contracts, or ES contracts ..... or both ??
Forget the Dow bro. USD is finished. You're making worthless paper. I have a spreadsheet of the main ETF's on my screen. Energy, other countries, other currencies. They are ALL up, EVERY day! SPY and DIA are never at the top. All this melting up and still underperforming everything. Making 1% a day in the Dow ain't enough anymore. Put your money elsewhere or you'll fall behind. There is LESS risk elsewhere, not more.
How dare anybody question these guys! They are the smartest traders to ever grace these boards. eqt, stock, makloda, s2007, and my mini tell us about 15-20x a day how smart and great they are. eqt even checked in multiple times while he WAS ON VACATION to tell us how good he is! You should be proud that these guys even talk to us!