Rateesquad -- What are you going to do about the threatening behavior? You're the moderator, are you not?
Tim, you are embarrassing yourself. Buy the dip market has ZERO to do with it. I personally love when we have strong down days, money is easier to make and much faster too. Fear moves markets down faster than greed moves them up. For some reason you dont seem to understand the concept of playing BOTH SIDES. Its obvious to me that you are bitter at me for some reason, maybe I didnt respond to a PM of yours by accident and now you come back as a new alias to trash me on ET. No worries on my end, it doesnt matter to me what you think about my experience level or trading ability for you do not know me at all. I have to put you on ignore, you are doing nothing more than trying to get a rise out of me and personally I dont like to associate with negative people. Especially ones who dont know anything about daytrading but pretend they do.
The only time I heard anything from Marc Cuban was when he went on CNBC during the 2000-2002 bear market to announce how he was short "a truckload" of tech stocks. I noted this with interest as I was pretty long at the time. Within 2 days the market began one of its biggest rallies since the Great Depression. Thanks for the liquidity Marc.
Honestly, I have no emotions or "bitterness" for any reason. Im not some rookie 20-something year old with a few years of experience who plays expert trader on a message board. The fact is that you only have a few years experience in this game and act like you have seen it all. You started out in 2004, had a few lucky years during a strong uptrend and now your on here like the spokesman of the trading world. I really have to laugh!!!
Warren Buffett is number 2... http://www.forbes.com/lists/2007/10/07billionaires_Warren-Buffett_C0R3.html
There's a difference between usual and trading industry. It takes hundreds and thousands of staff, enormous management efforts and time to make a usual company worth billions of dollars. But in trading there could be as few as one person trading for himself, and still making millions.
Mark Cuban has NO CLUE about how money is made trading... But then he is not a Pro Trader... is he? Most trading firms never "pick stocks"... Or make directional bets... Unless they have inside information or position. Firms grind out consistent profits through some form of market neutral arbitrage.
cuban's right. if your a human being clicking for a few intraday ticks you're a loser. with proof beyond belief.