It seems that many people are losing money

I am not losing money.

and I am LONG, LOL!

 

I am not losing money.

and I am LONG, LOL!

You should be very proud of yourself. Down by 2% is not losing money. I mean over 5%. Were you making money when everyone was also making money?
I suspect that you are not diversified and you are investing on something that is not down but will it sustain?

 

Chicken Little was right.

 

You are correct,

I am not diversified, I'm a <b>Sniper trader</b>, I only take out the most important targets @ the most important time slots.

Yes it will sustain, if not, I will just breakeven.

Losing money - no losing trades in a long time.

 

Excerpt from a future CNBC interview (when I'm ready for the glue factory)

Ron: What do you make of this market?

me: It's currently a trader's market (by definition any market not hitting new highs is a trader's market).

Ron: What do you tell the average retail investor to do?

me: Don't lose sight of the fact that just a couple of weeks ago we were at 4 year highs. Investor's should be patient and use this as a buying opportunity.

Ron: Where do you see the market heading through the rest of the year?

me: (following in the footsteps of all the other hypesters). I see the market being in a trading range through the rest of this year. There is just too much uncertainty.

Ron: Could you explain.

me: Sure, Greenspan is leaving...who's the sucessor and what direction will future monetary policy take. Interest rates are expected to continue rising ...when will it end. Consumers are retrenching in the face of higher utility costs this winter.

Ron: So are we going to be in for a rough patch?

me: There will be some short term instability. In the longer term as the cloud of uncertainty clears I expect we'll have a great bull market in 2006. Investors should be aware that as asset prices have declined the underlying performance of the companies has continued to improve. This will lead to better valuations and become one of the best buying opportunites in the past 50 years.

Ron: Wow, thanks for the insight

me : Thanks for having me (now where is my ppt payoff?)

 

Losing money - no losing trades in a long time.

I was in the same boat till Monday and till I did that one bad trade.

 

if you cant make money in this market, dont trade. plain and simple.

 

Well what are people doing?
The money is in the gyrations.

 

i think posters not posting because ET has become quite combative over the past year or so.

a small group of 5-20 posters have made this site a difficult place imo

 

Another lock day short. KACHING $$$$$$$$$$$$$

I love free money$$$$$$$$$$$$$$$$$