You're gonna get smoked. We don't worship the fed, we just know it has the book of blank checks and can make the difference between inflation and recession with monetary policy, which require opposite directional bias for anyone trying to ride the wave. But you seem to have already decided to margin up for the down side, which I believe will eventually come, but not until after no one is looking for it.....
Thanks for that. Keep your thoughts and ideas about m y folly coming, pls. I am not kidding. I appreciate it very much. My own stupidity is my worst enemy. I know this. Thank you kindly for taking the time to show me my erroneous theories. The thing about the FED I have developed over time after watching how blindly people just obey and worship The Fed. The bond market is where its at and for me I know I can't go toomuch wrong if I keep myeye on the 90-day treasury bond yield. I also watch TNX and TYX. But like you said, there are no guaranties and I can get smoked on any given day. The giant I am up against is none other that the mighty Dow Jones, a fella with only 30 engines but who packs considerable AWE power.
Why not feather into your position as price moves in your favor instead of making a margin gamble? One spike in the opposite direction and .......
Good point. So high up in the alleged Bear rally the odds do not favor spikes. Spikes and extension gaps are a thing of the 3rd wave which for this leg has already passed. Not saying a freak move could not happen. It can. I am only a beginner and know my limitations but I cannot let FEAR stymie my native thrust so early in my career. And of course I could be making a mistake in not taking profits as Ihave been nthe fullgrees at least twice. But its not my style to play for so little reward. Just so you know since you are talking so much about getting smoked! Let's assume you are right and I start getting smoked left and right as Qs continue rocketing higher and higher and take out the all time top. Well? WTF would I call that? It sure as heck is no BEAR market. Its a new bull. I exit with a stunning array of losses. Would I end up at the YMCA? Not even close. I would hoever cut down on expenses and move into the Waldorf astoria instead!
Handle 123: I want to talk about this boy for a bit. I believe Mother Mary purposely bumped my track into his path. This is a good boy. He is quiet, makes his post quietly, hardly anyone notices and he he just leaves quietly. All this done without any fanfare. Kinda reminds of LOVE & INSPIRATION, both of whom operate the same way. No fanfare whatsoever. I do not have time now to go over his stuff in detail due to the market kicking my ass in terms of time. but when its over, its going to be Destriero, Overnight, Ondafringe and Handle 123 I am going to study. Lucky for me I love all 4 of them, they have great personalities and are very funny in their own right. It would be a pleasure for me and an honor. This boy Handle 123 called the Jan top in the SPX. May he live forever and flourish and prosper. Another fella I like a great deal is volente_00. This lad is a quiet lad, unassuming, has taken tons of sh*t here but keeps coming back to perform and try again. Some fella named "bone" commented that volente_00 comes back every year and has been doing the sam esh*t for years, i.e. calling tops and always wrong Master bone forgets that thisis exactly what god loves about volente_00 and is actually shown in a movie ...................
Nine_Ender, do my losses for the new ones and make them red and in bold and title the trade as "Loser strikes again"
I've seen this guy at ET. He is a FED worshipper George Peppard told me to smack him around a bit to wake him up.