Those who have been insulting nitro over the past couple of days are enjoying his losses a little too much. Bad karma on you.
I have not insulted Nitro. I have spent some time with the guy in my office. He is a good guy. I wish him the best. He knows that. I don't like to see anybody losing money.
âIt is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly; who errs and comes short again and again; because there is not effort without error and shortcomings; but who does actually strive to do the deed; who knows the great enthusiasm, the great devotion, who spends himself in a worthy cause, who at the best knows in the end the triumph of high achievement and who at the worst, if he fails, at least he fails while daring greatly. So that his place shall never be with those cold and timid souls who know neither victory nor defeat.â - Theodore Roosevelt
According to TinEye.com, this is the source of the picture that was posted earlier: http://www.fotosyvideoscaseros.com/morenas/fotos_caseras_de_mi_prima_204.html Enjoy
L 127 Oct SPY call and L Oct VIX 32.50 Puts. SPX @ 1182. No stop, will add at 1172, and then all will have a stop at 1159. 1172 is a MAJOR Maginot line, the line where if we cross and stay below, markets will spiral down into oblivion. It is where I throw in the towel fading lower markets, and will only come back long on crosses above 1172. I will not go long below 1172 SPX.
The capitalization loss to US markets is now ~$2T from the recent 1370 ish high. Worldwide, probably close to ~$10T. If there was cash on the sidelines before, it is now busting out of pockets and mattresses.
My mistake. I didn't realize the ribbing was good natured. I didn't mean just you specifically either, by the way. I guess I'm just used to the usual ET anger and hostility.