He doesn't understand the first thing about trading. And I would suspect if he actually ever tried it he probably failed. Why? His inability to ever admit he is wrong about anything. He'd be the kind of guy who stubbornly hangs on to a losing trade justifying in his mind WHY he's right.
I tried to catch AMAT at $21.97 during normal hours but it ripped from that level to $22.26. I bought it around here last time I traded it. Think it ran as high as $22.90 recently so this trade is speculation we'll see a small bounce in the NASDAQ in the next couple days.
I've been living off trading profits since 1990. As for being wrong, I have no problem with admitting it when I'm wrong. I do not, however, buy into your delusions.
Given his comment that he was online from 0900 to 1630 and that the market was OPEN , I assumed that he was trading. If he was online only to chat, then I was mistaken.
Oh, sorry i misread your comment, i thought you said you were shorting AMAT at 22.05, i see support around 22 even, based on the bottom of the gap up on a daily. Im hoping alot of charts like this break down over the next few days, i cant see us just going along our way till end of year without atleast some sort of volatility. Here is what im looking at on a spy daily chart, breakdown of short term trend i expect atleast a 2-3% downside move in the sandp, funny how that seems like a big move these days. Im a buyer around 194, ive been playing the trendline all year, but ive only been getting in for like 30-40% on my long term stuff every time it hits the bottom, and ive been selling and going short at the tops thus blowing most of my long term stuff, i recently sold the top on the spy's and got short, most likely more punishment, lol.
So you as a long term trader can surf the web without a chart up, but other traders cant surf the net at the same time they wait for shit to develop? Are you the only person capable of surfing the net while you wait for trades?
Given that he made such a point of being around for 7.5 hours, I assumed he was "active". If not, why hang around for 7.5 hours? I don't even know if he trades or not. Don't care. I didn't bring the subject up, largely because this forum has nothing to do with trading. All that is upstairs. And it certainly has nothing to do with the subject of this thread.