wow,apparently i'm not the only one covering long market trades, lol. maybe the 1000pt heat (paper trade i hope) nitro has taken is about to turn and give him 50pts of relief.
mav, please understand i am not mocking nitro..but since this is clearly a paper trade...why question his risk management if this is just exclusively (no real dollars) ego playing out ? additionally if no one questioned the premise/intelligence of his posts as traders we would all be remiss.
This makes me uncomfortable, actually. I closed out most of my longs yesterday as well. Too many of us on the same side here, and Nitro making bearish noises? Yesterday I had a plan to take heavy bear positions right before the fed announcement, but I've just thrown that entire idea on the scrap heap. Too many warning signs...
Because ET as a message board is really all about process. Most people are aliases here so whether an account or trade is real or not is a useless exercise. All we can debate here is semantics. So whether he has 100 million on the line or if it's a paper trade, the semantics play out exactly the same.
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On this eve of Thanksgiving, I am thankful of the market that keeps on giving, giving & more giving.... Thanks for the giving and to the moon Alice!!! To the moon!!!