If this keeps up, we can seriously talk about this kid as a potential member of the ET pantheon, the Hall of Shame. stockturder, coinzy, retaildayturder.... which ones am I missing? That guy who was obsessed with Jack Hershey, was it Trader58? Has everyone seen the thread where this kid is yapping at Dustin? http://www.elitetrader.com/vb/showthread.php?threadid=186896 ___________________________________ EDIT: It never stops with this kid. Check out this thread. Emphasis is mine. http://www.elitetrader.com/vb/showthread.php?threadid=186965 : ) Better and better.
he does provide entertainment doesn't he? Poor little fella wants to be a big guy soooooooooo badly. careful, he may sue because he wants to be big sooooooooo badly.
I never said the size of my trade or how much I was down on the trade. In fact, at this point, I am about even. I am going to hold onto this into the new year. I am one who uses trial positions and then adds as the price moves in my direction. Thats about a 100+ year old strategy that I do not need to explain for experienced traders like you guys. When I read the posts on this forum, I get this feeling that a lot of people assume you are throwing your entire book at trades. I hope that is not what you guys do and are just posting it up to troll and flame. From reading various posts on the elitetrader forum, you can tell who is a real trader and a fake. I like that "Ammo" guy. Despite all the hype and emotion in this thread, he seems to have some common sense posting up charts. The internet is about filtering. After a while, you know the real players at the table and those who are just faking it.
Now that I have your attention, I will admit that I do use charts more then I would like to admit. However, most of that jazz you cannot make a dime off of. It sometimes comes down to a gut feel...that is if your gut feels are normally winners. I dont know how your gut feel is, but I know mine. So let me show you the chart I am looking at. I hope you like the color silver. It may annoy you, but I love it. Nothing like a silver chart...mmmm mmmmm. Did you see what happened? Price did not make it past its last high today. It had its chance. So what will happen when January opens up? Will that floor hold? If it doesnt then I will add more to my trial position. I am right now breakeven on the trade. If you could not tell, this is not a day-trade but a bet that AAPL will slide like it did at the end of October. Its the end of the fiscal year today and many people bought at the lower prices. So in the new fiscal year, when they wont be responsible for tax payment until April 2011, will they be selling? I bet they will... I highlighted an area on the chart which I believe is like the current time. Right now price is mashing around as a lot of people are distributing. Every rally attempt is being sold. I hope this adds another side to this thread. I dont like to reveal my methods like most poker players, but as I said before, I am giving you a fish to fry. Some of you dont believe it, but then again, some you are not here to trade or trade seriously but to flame and for entertainment. Thats your loss however...
I dont get it. Is that your risk management plan? Throwing 100% of your book in one position? You will not manage my money anytime soon or anytime.
RDT, he's describing his (and likely much of ET's) perception of YOUR strategy, not his own. IOW, he's calling you out.
why do so many like stock piker reject every winning trade, or trader, I think this trade will work after tax selling starts its almost as if some here profit when others lose money...projection maybe?
He's a d-bag. I am short tech in a big way, but the guy is completely false. Winning trade? Has he posted a winning trade?
My strategy is a simple one. Trial position with stops within 2-3% of basis at my discretion. As the stock moves in the right direction, then increase. If it does not move in my direction, then liquidate, wait and try again. That is 100 year old strategy described in Jesse Livermore's book. Now Dan Zanger is the one who goes full out on leverage. The first is not very exciting and does not make for good message board threads, but I find it works. I honestly do not know anyone who is successful with the Zanger approach of throwing the account at the position.