At the moment I am neutral, still a buyer, but need to see more of an oversold condition. SPX closed above 20MA weekly, not sure if I will be trading today, as I see downside more favourable odds today and with Greece situation remains unresolved wouldn't want to hold any position over this weekend.
Well at least Im not afraid to put it out ther Well at least I put my trades out there for everyone to see. When your bold like that there will always be those who stand in the corner and criticize. The critics are afraid to take a chance they prefer to hide in the corner.
Will scale out now......On another subject: I've always wondered about people on this site who spend time to search back thru past posts to find others mistakes....Guess it makes them feel better about themselves.
If your going to spout off on this thread and point your finger at others, you need to man up and post some trades. Put it out there win or loose, until then your simply a spectator, not a player. Saying the market is going to drop, and coming back after it did and claiming victory is not trading. Trading is taking a position, and managing it.
I wouldnt criticise you if i thought you were actually taking these trades, the only reason im critical is because you scream buy buy buy every three minutes, at every single point throughout the day and pretend you are actually taking these trades..
I: have given three different spots where i shorted the market via the SPXS all three were right, though i fucked up the most recent one and stopped myself out, but i admitted that. Unlike your indescriminate "buy anywhere" approach, i pick and choose my spots.
Although it came close to stopping me out, XAU/USD still within deviation allowance. Should have cleaned out the retail and be fresh for the up move.
OUCH CHINA DOWN HUGE LAST NIGHT....were talking that the shanghai index is off 1000 points since topping out at 5178, its now at 4193, off almost 1000 points in only 2 weeks time, down 19% in 2 weeks, only 1% away from being in a bear market, but it doesn't matter because todays bear markets only last a month or 3, so no worries.....it will bounce straight back to 5000+ by mid summer...but as you should know markets take the stairs up and the elevator straight down, so don't be surprised to see 2 years worth of dow gains lost in 2 months..... China stocks suffer biggest one-day loss in 5 months NIKKEI20706.15 -65.25-0.31% SHANGHAI4193.64 -334.14-7.38% HSI26663.87 -481.88-1.78%