A great post by a very smart guy. My thoughts exactly, only my list of trolls is slightly different. I probably have the highest (or close) winning % of profitable trades in ET history, but why would I want to continue to share them on ET? I don't.
Yep, I'm trying to enter that ever-allusive state of prick factor max. Keep posting and show me the way.
So do you really use 350 point stop losses ? http://www.elitetrader.com/vb/showthread.php?s=&threadid=51155 Or is it easier to change your name again jamesstockrubberbirdthornghostzapperbobrowshan ?
You really nailed this top man ! You have been calling tops since 1127, 1225. 1320, 1400, 1500 Congrats on finally being right after 426 points of heat. http://www.elitetrader.com/vb/showthread.php?s=&threadid=26957 http://www.elitetrader.com/vb/showthread.php?s=&threadid=51155 No wonder you and the other basket case are booty buddies.
I've just got long the Nikkei in after hours, average price around 12150. I've also bought some Feb Nikkei calls from 13500-15000 for a trade. I think we bottom today, and I think the Nikkei will rally 20%+ in the next 2 weeks. If I am wrong, and we have a 1987 style scenario, I will take some heat (I am not trading on margin yet, hence the calls) and then liquidate once the market has calmed down. The reason I am buying now is because the only reason not to buy is fear, pure fear. It is scary to buy, no one else dares to buy, therefore if I am to call myself a trader, now is the time to have guts when others are scared, and step up to the plate. In a way I am almost indifferent to the result - I just know that, as a trader, I must buy now when panic is in the air.