Do yourself a huge favor and check out Scott Redler and T3. Watch is Morning Call and end of market wrap ups. Learn the right way to trade technically that will ensure your highest probability of success. Get a free trial and listen in on the Virtual Trading floor. Watch the Twitter box as intraday calls are made. T3 is a prop firm, brokerage and educational service provider...frankly their pay courses r very expensive but they have a wealth of free stuff. Get the daily Pricepoint sheet that Scott puts out...thr Off the Charts newsletter. Watch the numerous video clips where Scott makes appearances on cnbc as the talking heads try for once to get him to make a bad call...this guy and his team are too notch first class and have big money in the market trading strictly off charts. U need help SB and i truly believe it will help u. And no im not a shill. U have nothing to lose and everything to gain. Well- i guess u lose the time invested to research it and maybe some $ 30 profit days...believe me it will b time well spent. U have no edge whatsoever right now...it may be harsh and not what u want to hear..but its the truth. Im not the only one here that has pointed out your entries are horrible.
I missed your little quote saying "my bad" on 4/18/12. Oversight on my part. Oops, my bad. That still didn't deter you from being extremely rude. However you still went on to accuse me of holding buy positions when a black swan occurs. That is not what I said. I don't need to reinterate again. Your attitude and the manner in which you speak to people is highly rude and offensive regardless if you say that you're trying to help. Like I said, if anything it turns people off and they will do the exact opposite of what you say. Like I said, if people were working for you, they'd either sue or leave. If you were at a bar, at a minimum you'd get tossed out or socked in the face. Your black swan thing is not my concern. It will show up on the charts. There will always be people who are unloading at first and there will always be some buyers and short covering. You don't think people need to cover their shorts? Me being the scalper that I am, I will most likely provide liquidity for someone to get out of their position if the market is tanking. The 1987 crash, 2008 crash, all opportunities. Didn't those all correct later on? I'm sure there's many traders who made a killing shorting it during those times. My aunt made a killing buying BAC for $3 during those times and sold for $8 later on. She's investing.. not trading. I'm not advocating holding on however, just pointing out corrections that could occur with these fast drops. I only do short term stuff so I'm not interested in buying and holding. If I was in a long position and noticed the fast drop on high volume, then I'd get out and reverse position. During market hours for a highly liquid stock like GS it doesn't just head straight down without any pauses or pullbacks. The pauses are when people get out and reverse for the second round of dropping. Gimme a break. Show me a chart that can't be explained, then I'd change my mind. Until then, I'm waiting. Just as stocks go up, it just doesn't go up during market hours without pauses and pullbacks. As far as GS goes, it's highly computer algorithmized. There will be computer systems that will be picking up shares or short cover during market hours regardless of selling. They sense a fast drop in price beyond a channel in an overshoot and will do a fast pick up. Many of them scalp out too. There's a lot more liquidity in GS than Dendreon. I don't know of any companies that would use Dendreon as their trading instrument. In order for those multi-million dollar companies to switch gears for some black swan, someone will have to go in to change the codes. That takes time and that doesn't account for the computers or other traders buying on an overshoot as it happens in market hours. The people that really lose are ones not watching it minute by minute. Folks that have normal jobs and not in front of the screen (investors). They get screwed. They don't see the drop off in price as it starts off and accelerates later on. Any terrorist attack would be taken into account with the general economy outlook anyhow. In 2001, the attacks just accelerated the dot com busts. The only thing might do the job would be if a nuclear blast took out all of wall street. Wall Street is however highly guarded anyhow. Until then, I'll take my chances. As far as T3 goes, I've heard of them. Although, they're not something that is on my radar, I'm sure they have some good techniques. I'm still working on mine. There's different methods people use to trade. Some Fibonacci, some PA, some indicators. Doesn't matter as long as they're profitable, fine. If someone told me right now to start doing Fibonacci methods, I wouldn't have a clue. It would take me months just to get into that. I'm going to continue doing what I'm doing until I get proven otherwise. When I get proven otherwise, I change gears and go with something else. My losses were mostly exercises in learning what to do and what not to do in trying different entries. I'd say I've improved as a trader overall from when I began. Improvement is all that matters. A trader that can consistently be in the green after 6 months of screen time, that is at least noteworthy. At this point doesn't matter if it's +10 or +100, I'm just here for experience and building some breathing room.
Im not talking about fibs or any lagging indicators...just good ol fashioned charting... u need lots of work on that. There is a reason u r not profitable! Get over the insanity of repeating the same thing over and over & expecting different results. Nothing has changed from when u started this thread. Your acct is bleeding! Your stubborm as a mule attitude and mentality that you've got it all figured out unfortunately will lead to your trading demise. There are plenty of charts where intraday halts occured and price resumed far above or below price. It is ludicrous for u to think they dont exist. What is actually beyond laughable is how u think u have it all figured out on what a chart will look like in advance of a blk swan... Irony of ironies as your charting skills are horrible! If it were as easy as u state u should b profitable... Heeellllo McFly???? There isnt a trader with any reasonable experience here on ET that will support your erroneous view... You are a wet under the ears inexperienced greenie and poster child for naivete. What are u 18... 20 yrs old? Lol I thought i had it all figured out too back then. Anomalies...anomalies. They will bite u in the ass. Humble pie is the most expensive pastry out there. Dont put yourself in a position where u need to pay for it.
Who said I got all figured out? Did I say it's easy? Where did I say that? Who's putting words in who's mouth? Back to your LIES again. My account is bleeding? Hello, it's been just treading water fool. Go add up the gains and losses for this month. First months don't count. No new trader's first months trading should count. You are a fool in thinking that people's strategies don't change. Have you even been reading this thread? Your lack of knowledge on what even my broker is just shows evidence that YOU HAVE NOT EVEN READ THIS JOURNAL even though I have mentioned it many a times plus a poster from the company has responded here as well. You just pick and choose your reading based on gains and losses and prices bought and sold, then rant about them. Funny you seem to miss the part about me saying my emotions get in the way very often. That is why I'm not profitable. I have said that numerous times to count. Yet, you stick with your tunnel vision and saying I claim it's easy based reading my scalps. STOP LYING. When are you going to produce a chart that shows what you're talking about? I'm still waiting since you say you know all about charts. Intra-day charts where a drop off occurs, most likely prices were heading down anyhow before which was my point. Of course that went over your head. You are the most rudist person I've met online ever. you're rude as ever.. Thanks asshole. Your username should be riffraffasshole. McFly? If I'm McFly, you're Biff. We all know how much of an asswipe he is. Correction.. : riffraffliarasshole. Independent readers will be able to go back and see the evidence of how much of a LIAR you are. I will no longer be posting daily trades here since a liar seems to lie and misconstrue things I say. I will be however be posting to talk about how much of a LIAR you are! All posts will have information exposing your lies.
Lol u've got me im tears practically... Funny stuff. Short fuse eh? Not good for trading. Your account is barely over 25k...all i need to kno. All time lows. No lies there. U can get defensive all u want...but u r bleeding. I saw the equity curve. Stop the denial. Your very words and response in your black swan rebuttal infer that it wiuld b easy to identify in advance...r u bipolar? Lol u yourself imply it. No lies. Time is money Sb-- u need to pay for your education. How much u willing to deposit in a paypal acct for 5 prized intraday gap charts? I dont work for free forever ya kno... "most rudist"? Lol
Hello?, you didn't add up gain/losses and what it is for this month? The equity curve shows since the beginning of me trading. How am I bleeding right now? I don't get it. Are you speaking more untruthful things? I only had two negative days so far this month. You are a fool for thinking that my strategies don't change. What do you think is the point of this journal? But I know you haven't really been reading it anyhow. Like I said, prove me wrong. Show me the chart. I'm still waiting while you google like crazy. Please no small caps. If I'm wrong, I'll admit and apologize sincerely not like the half hearted attempted ones you do. Until then, just more lies, rudeness, and negativity. I've pointed out plenty of evidence that you haven't really been reading this journal. You're just making false accusations. Like I said, nothing offends me more than someone lying and accusing me of things I didn't do. I can put up with a lot of things, that I will not. In reality, if you were in front of me, those would be considered as fighting words.
You have GOT to be kidding me... Your miniscule increase for the month of April thru the 19th? LOL... just as there is noise on a chart...so there will be noise in your account. The propensity in the big picture is NEGATIVE SB! Your trading methods will not work over the long haul... you have been told this by everyone on this board who has a clue. This is not a lie...it is the plain hard truth. End of story. I smell smoke....
Apparently you still haven't read the journal in its entirely. That is your opinion. You have missed the idea that people's strategies over time change. That went over your head several times. You are salty and crusty as hell. That's your opinion. You think I'm trading the same as I did when I began. Funny only when I point things out, do you go back to read it. JUST MORE TRUTH THAT YOU HAVEN'T READ THIS JOURNAL. If you're so smart, where's the chart? I've asked many times. I'm sure you were googling the night away. Keep Googling and prove me wrong. Like I said, I'm not an asshole like you, if I was wrong about the chart thing, I would apologize sincerely not like the half way ones you do. Funny when I call you out on something, you just change the subject. Yeah, I've seen that tactic before from the likes of you. Just can't own up to your own dishonesty and distortions of others. Sure, people may agree with your strategies. That's fine. But that doesn't change that fact that you're an asshole and have lied and distorted things here. Something that no one else here has done. I'm not talking about trading, just talking about plain morals and ethics in which you seem to be severely lacking.
It doesnt matter that your strategies change... u r risking $ to make pennies... a LOSING PROPOSITION. Sorry SB... hard cold truth. No lies. Your big picture equity curve is el negatory... I have 5 charts to sell u... how much u willing to pay for them? I am however already prepared for you to analyze them in such a way that the all knowing SB will dismiss them as irrelevant since u would have known in advance by looking at the chart that: a surprise restatement of past financials was going to happen... that a CEO abruptly was leaving for undisclosed reasons.... that a contract from a customer that represented over 34% of business was not going to be renewing...that a tender offer was being pulled off the table... and that a dilutive secondary offering was filed with edgar.... As mentioned previously SB.... i dont work for free. Not only r u gonna get an education with a declining account balance... u will need to pay for the charts since it seems that's the only way u think something unconceived can happen... (you really are a douche for thinking such a thing however... u do know that right? Uh oh.... feathers really stood up just now...lol)
Again this is where it is clear to the readers that you are an untrustworthy guy. If you want my apology, then post it. That would mean more to a self respecting person than money. Nuff Said. Just post it. If I am wrong, I am wrong. I'd apologize. You don't work for free? Just shows how selfish you really are. You care nothing about merit but just want to be an asshole. What's the liquidity in those stocks (small cappers?) (dendreon again)? Are those pump and dumps? If someone is going to make a claim, provide evidence to the jury. Not some, well I have it hidden you have to pay to see it. Who is going to believe that? Funny this journal has officially turned from a trading one to one exposing riffraffliarasshole's jerk attitude. I can do that all day long. I will post everyday here about how much of a jerk you are. Who is the douche here? Look who's talking. Let the viewers go back and read the posts. Doesn't matter about trading. You are an untrustworthy asshole. Plain as that. Something you do not deny which suits you perfectly. Even if you were right on trading points, doesn't matter. You are a lying distrustworthy asshole.