I notice you typed "most". Go through it, the whole "identity-getting-stolen thing". Your attitude will change so fast it will snap your neck (or at least give you a crick.) It is so bad, that even if you were my worst enemy, I would not wish it upon you. Be very very careful. And that is all I have to say about that.
You make a good point, but his position is relative to his account size. If he has, say access to $500K, then 1% per trade is $5,000, or 1,000 YM points for 1 contract, or 125 points for 8 contracts, with some adjustment for scaling in of course. While I do not, nor would ever advise adding to a losing position for the small retail player, the big players do it all the time, in fact, they are doing it right now! We could head south next week, or maybe 2-3 weeks, or maybe even 2-3 months, but one thing is for sure, and that is the market is not going to keep going up, and when it falls, it could fall hard or soft, no one knows until it gets under way There is a very old saying that will always hold true, and it is.."you need money to make money". A noob using leverage is a sure recipe for disaster, which most experience sooner or later. Most are better off to never try trading, and should put the bit of money they have away for their kids future, or save it for the "rainy day"
Well, I have to agree with you on that one. If you are trying to sell anything you should have your communication lines open, that is bog standard basic sales stuff.
Right now the big players are holding long positions and enjoying massive profits as this market continues higher. They will not be trying to short into a up trending market that is making new all time highs on a daily basis. The big players, the ones who know what they doing, will be waiting for the market to show weakness before attempting to short.
Well, to be honest, it really does not bother me what they do, just replying to this thread. Not all the buy orders have been taken short covering, but as mentioned, this is how it works, and why you need deep pockets to make money by averaging in. Could be days, weeks or months, truth is no one really knows, so, why even bother to guess and just trade each day as it happens! I do believe some use option trading stats as a future prediction tool, but not for those with limited capital. Anyway, here is my prediction to keep the wishers and hopers happy. SPX will see a reversal this coming week, that might even break the bottom of the recent channel. Do you want to predict against me
David Goodboy, Why do you refer to marketsurfer as a character? I don't understand why you like to be thought of as a clown especially when you are selling services and a book. Wouldn't you rather be perceived as knowledgeable like bob Morse? Or do you really have nothing useful to say that you troll this site for attention hoping that will improve your revenues?
His KPI was and is page views. Everything else is secondary. I'm sure he doesn't need the pennies from an e-book, it's the recognition as a published author that matters.