Does this mean it could sail north right on past you entry and you would hang on for the roller coaster ride up waiting for the drop down?
It means he has no plan, no clue and no position..just hoping against hope that he gets to play guru for a day if indeed we had a material high on the YM.
I still think a bedtime story book could be a good idea for you to publish. About 3 little pigs who decided to start a business trading / going to the market. However due to pigsh*t ignorance and being stuck in a rut with entrenched thinking, they soon went belly up. There were also 3 little fish trying the same thing. As you couldnt grab them, slipping, sliding, changing position whichever way the current moved they soon were making the market rather than being cold slabs sold on the market.
We have entered short restoration hardware at 48.63 per share with a downside target of 22. They are building "mansions" as stores rather than going the opposite direction. I can not see this as being a sustainable strategy. Here is an RH mansion about to open.
I guess you sell weakness and buy strength? The public trades like that, you are in the company of winners. surf
Get a load of the ego on this guy. You're part of the public. You are a retail trader. The fact that your multiple losses haven't humbled you yet further proves your trades are fictitious.
So shall we have a recap of this Trading Urinal?... We have 7 FAILED TRADES In a ROW. And the 8th ONLY winning trade after that is either about to be a losing trade or already is one. So he can not even take a profit when he has one. 205 pages of a Trading Urinal started about 6 weeks ago with ZERO WINS. Bullshit arrogance from the OP who is a writer of financial news and proclaims financial and trading prowess that wrote a book to educate the "noobies" about trading. Yet the OP has not even shown he has any skills at trading, risk management, position sizing, stop loss placement, entries, AND CERTAINLY NO PROFIT. Even if there is a 1000 pt drop in the DOW at this point he will be so underwater it won't even matter. Meanwhile all of the people following TA are kicking the living CRAP out of the OP even though he is quick to ridicule the merits of it. When all is said and done the OP has emabarrased himself repeatedly yet still proclaims that he is right. TRUE traders know that being RIGHT is not what matters. It's about making money. I propose to Baron that he writes a book about this thread or make this a "Hall of Fame" thread to show the noobies exactly what NOT to do. It will be FAR more educational and profitable than any book that the OP has published.