Priceman was your boy yesterday and now you are throwing him out like trash! Priceman, see who YOU aligned yourself with
Believe me, I would never trade off yours or anyone elses "predictions". They mean nothing to me. Read ROASO. Play a lone hand and learn the game inside and out for yourself. The idiots like you are the ones who feel the need to predict and come off looking super human. The fact is, you will never be able to be right always and it doesnt pay to try and guess what will happen. The only thing that pays CONSISTENTLY is to learn the game YOURSELF. Learn to anticipate and react to market signals. Anyone who needs to start a thread "Mark my words...." blah blah blah is someone who doesnt know how to trade or is very new. I will give you the benefit of the doubt and say its just because you are brand spankin new to the game that you act the way you do. And I'm 100% certain, the more you open your mouth with dumb predictions, the sooner everyone will realize that you are the idiot I already know you are
From an observer's point of view (someone pointed out this thread this morning in another thread), Simon made a pretty good prediction of today's action. I agree that he seems to act like a 7yr old ass, but he read the market pretty good. 20pts off is nothing on the Dow, as opposed to the 2 other indices. He did talk about a reversal, and he did mention news. Now I don't know what he predicted previously, nor do I care, but he has enough insight/analysis/whatever to judge what happened today and I'm rather impressed. Did he make money? Who knows (and who cares anyways?). Can he do it again? Who knows. Anyhoo, my 2 cents in this ocean of money.
Okay Simon, please tell me your prediction for tomorrow. If you get it right tomorrow, you can redeem yourself. And I choose both nuts if it makes you feel better.
You must have misunderstood, he said when we break 1220 on the ES we would THEN drop 200 pts and quickly. We opened down to that level this morning (via a gap down), hardly went any lower before rallying HUGE. He was incorrect. He tried an plays it off like we were down 180 on the dow but thats where we opened, not what happened AFTER 1220 was breached. Secondly, he SAID we'd drop 200 pts after 1220 was breached but said NOTHING of it being the dow so really it should be interpreted as 200 S&P points which is a ridiculous call for one days action. His other calls (besides today) were accurate but thats the game. The market makes you think you can do it all the time but alot of what happens from day to day CANNOT and WILL NOT be able to be predicted. I implore you and Simon to TRY it for a month and see how you do.
Simon may have made a few good predictions but there is a huge difference between predicting the market and making money on those predictions. Even if you are right you can still lose money. I've been dead right on a move many times and lose money as a result because my timing was just off. So even if Simon said the market would open down 180 and rally all day it doesn't mean he made a dime off it, even though of course he says he did. Trading is not about predicting. It's about analyzing the market, trying to get in tune with the movement and having a plan for if your analysis is correct AND if it is not, with the latter being of utmost importance. It's not about being right or wrong; it's about making money. My strategy is so freaking simple. If the market is falling I'm buying and if the market is rising I'm selling. I know with almost 100% certainty that if I try to catch a move or predict when and where the market is going it will take me about 3 or 4 tries to get it right, assuming I'm right in the first place. Why bother? Just wait until it happens and fade it. That's my MO. I really don't give a rat's ass if the market goes up or down but apparently many others do. Enjoy it while it last Simon, because it won't.