That's true. Volatility is a day trader's heaven. Let the market prognosticators debate themselves until they're blue in the face!
I never said anyone was an investor, im simply stating an opinion. Did you sell the 300+ point rally this morning or are you still holding out for this new bull market and DOW 14k. No need for you to continue to think you know what you are talking about when you dont even post anything worth reading, I at least post my opinions and what stocks to buy, did you see what happened to the stocks I averaged into, as you and makolda think that averaging into losers is just a losing game you are WAY WAY WAY WRONG.
Haha. Turning losers into winners by averaging into the position works great... until it doesn't! Let me guess, you never had a 'near blowup experience' with your averaging down strategy? You will. Sooner or later. We all have to learn our lessons.
You have stated on more than several occasions that you DO NOT USE STOPS and that you continually "average-down" into positions even though those positions are completely underwater to the tune of double-digit losses. Again, this is not a successful strategy employed by TRADERS. In fact, I don't know of any TRADERS that average down and do not use any kind of risk management techniques, such as using stop-losses. I would suggest that you please take your posts out of the TRADING forum. Your "opinions" are devoid of any application to the real TRADING world.
Guess you missed my post earlier this morning that was applauded as brilliant by a fellow ET member . . . http://www.elitetrader.com/vb/showthread.php?s=&threadid=141150&perpage=6&pagenumber=5
That's what Long Term Capital Management thought until they blew up. The only thing you get from picking bottoms is a dirty finger.
Exactly. They kept "averaging" at 1, 2, and 3 standard deviations and it never came back their way. They got CRUSHED. That's what happens when you are biased into your "prediction" and "stops" aren't used.