bozo, it's always fun when you start a thread. I'm in tears over you selling those s&p 1240 puts that blew up in your face on the close yesterday. ps. I'll do whatever you say if you only start a poll with the 3rd choice being "I have zero credibility". Come on bozo, there's nothing to be scared of.
Bottom pickers are safe as long as they have stops in case they're wrong. Volente made a good trade--he was flexible enough to know that the rally was fizzling, so he got the *%&^ out of there. As for me, I am not buying anything bull ES until ES (September) hits 1248, and anything bull NQ until NQ hits 1551. If the market closes down today, I'll lower the buy stops accordingly. Good luck out there.
Hey....if these guys are taking a few small hits and then catch a huge run up then they are in good shape...I was just commenting on all the guys who have said the bottom is in.....I believe they started when the cash was at 1270.....I found it funny that this guy said he was 100 percent sure the bottom was in and he was holding til friday....only to get out a little bit later.....if you dont have the conviction then fine...but dont go barking about a bottom and holding for a few days....
I never mentioned bottom. I said we would have a short term rally and I would sell by Friday, not on Friday. We rallied, I exited. Rinse and repeat.