Stcoktrader3 or whatever his name is took some really stupid long positions last Apr and was in the red pretty bad and then he got the rally he needed to bail himself out. He never covers, down big on some trades, he just holds. My point is, the mkt wont bail him out everytime and eventually buying every dip blindly like he does will get him crushed. There is nothing wrong with being long in a bull mkt of course, but this guy is so biased that eventually he'll get smoked. It happens to everyone. Just take a look at the so called experts back in Jan 2000, they almost all saw huge upside ahead. We all saw what happened shortly after.
This time is different. We have no more business cycles. We have 100-110% up room to go with extremely (I would say pretty much zero) downside risk
Speaking of being crushed..whatever happned to the guy named ironfist?...He's new at trading but i havn't herd from him in a while. cm
Makloda, I respect you're opinion for the most part part, but please tell me you are being sarcastic. I am fairly certain you are, but please confirm.
I figured as much, it would suck to get cuaght short index puts in a bad mkt! Good luck and happy trading!
did anyone take advantage of the dip today at 12280-12285 area. It was there for the taking. DOW closed at 13326, should gap up monday and close at its 44th record high.....