Gotta love ZERO RISK in the SP500 = $$$

Discussion in 'Trading' started by makloda, Jan 27, 2007.

  1. Seriously, this is the first day I've started crowding trailed stops at +2pt gains. All year I've held for +4pt ~ +5pt swings and missed out on tons of money, up and down.

    Normally I would have left the short open midday and checked on it past 1:00pm est. That would have been +10pts, instead I covered on a trail at +2pts and out.

    ceste` la vie... Makloda had zero influence on that. Please don't take me seriously on what I said. Old enough to know we're having fun here. However, there are newbie traders who read this stuff, see the charts and believe it.
    #921     Feb 9, 2007
  2. T280


    It's not about you, it's about the ones that don't post
    #922     Feb 9, 2007
  3. Oh my god im ruined! I though you siad I could buy dips!!??!?!?!?

    #923     Feb 9, 2007
  4. <i>"It's not about you, it's about the ones that don't post"</i>

    There are actually other people reading this stuff? I thought it was just us from 100 pages ago!

    I've been short-term trading since Dec 1999 and intraday trading ER since June 2004. I know better than to have a bias of any kind. I think we've warned enough newbies with our back & forth antics thru it all.

    Once the indexes start moving like this in normal fashion, we'll all be too busy trading to jabber back & forth anyway. The hedge funds knew we were away from our screens when they orchestrated those program slams in lightest possible volume.

    Sneaky buggers!
    #924     Feb 9, 2007
  5. T280


    It's irresponsible
    #925     Feb 9, 2007
  6. S2007S


    sold out of my TWM at 66.70. Only made 30 cents on the trade. Didnt think it would skyrocket today, was down over $1.30 on it. WIll buy back in at 65.5.
    #926     Feb 9, 2007
  7. good time for a nyse/amex/cbot outage
    #927     Feb 9, 2007
  8. C'mon T280... what would we have to keep us mentally sharp these days without this thread? I say we all gather for a tall one (cold for me) in Aussie and spend some of our musty money in your beautiful country. Got room for everyone here over there?
    #928     Feb 9, 2007
  9. Bowgett


    Should we start "Black Monday" thread? :D

    Edit: Found old "Back Monday" thread. :p
    #929     Feb 9, 2007
  10. S2007S


    TWM now at 66.95 :eek: :eek: :eek: just my luck
    #930     Feb 9, 2007