You've got that rigth, HG. I do not know if BlueStreek does it on purpose but he tells us very well what is in the mind of a losing trader ! (On average, because nobody is always wrong, with the law of probabilities !)
THis guy is a great example of a stubborn blow-up trader. He is fighting a trend and getting smoked. At some point the mkt will correct...but this dope will be long gone and working the fry-o-lator at McDonald's. He is entertaining though...never seen someone so wrong before...
Is he really playing with real money? How can someone not get crazy when he is wrong 110% of the time, and losing money on top of that?
Most likely is some kid who is pretending to trade real money.....frightening to think someone like this would put real money in the mkt...
Proabably! How come he never mention getting margin call? Any shorts would of got it, wouldnt it? And, his super bearish position is pretty much flat throughout this rally. What game is in playing? No downside when the market rallied this hard?
Well....obviously you haven't heard of this new exchange...called The CFE ....CHicago Fantasy Exchange..thats where our friend trades... Here you can short bull mkts, but your position p/l mark NEVER goes against you.....down rallies 100...still flat on pos...another 100 pt rally..still flat....BUT..if the mkt pulls back 40 points...you p/l doubles instantly.... Most of the trading there is done in the pit..Santa Claus,Easter Bunny, and The Loch Ness monster are huge locals....
Be prepared. We are going to get a whole new round of "the market is manipulated" type of threads again.
Dont worry, Bluestreak knows what "they" are going to do before even "they" know. Maybe he will be so inclined to give us traders a little hint. If i had to take a guess, he would suggest that the downside is more of likely move then the upside, call it a hunch
How long will it last? Until it stops. Ride the WAVE! <embed src="http://www.christmasgifts.com/musicfiles/scoming.mid" width="320" height="40" autoplay="true" controller="true" /embed>