You're not there yet, sporto. Macro call, much braggadocio, splashy thread title, MICRO profit target. Hopefully in a few days your shallow profit target will get taken out and then the market will continue its correction to 211. Which would make you look like a vag.
Most experienced traders would opine that 51% annualized over 10 years would be a superior long term strategy than some fake punter like yourself posting apocalyptic tops and bottoms on ET.
As an ET sponsor, I would expect your replies to be a bit more professional. Volente has made a proper call with target and stop. At the moment, its working. When you get around to making similar calls in real time, I would love to give you credit, but whenever I see someone knock someone else's call without offering anything himself, it just looks bad. As your signature line states "The only thing that matters are clients making money in Live Markets". So... lets hear some calls! Too many jackasses on ET just state a market direction, but money is of course only made via an entry, target and stop. If you're convinced we are going higher.. tell us what your entry, stop and target is.
1. I'm pretty much the only guy posting extensively over the years about Spread trading. And that includes specific Spread trade ideas and detailed technical discussion. Extensively. Over many years. 2. I'm a trader, a brutally honest person, and very poor with diplomacy - there are flaws and of course downside to that. But that's who I am. I have financially supported this website for many years now and I might rub some folks the wrong way. But I've paid a lot for the privilege.
I rub some folks here the wrong way also, but did not need to "pay for the privilege" to do so. Rubbing folks the wrong way on a forum is not a rite of passage, and it is not a privilege. It is a mistake if it happens and should be avoided, not paid for to have that ability. Why would I wish to pay someone to rile up a crowd? Oh...if I wished to insert discord into said crowd. Bone, Shirley you can't be serious.
Thanks for the civilized response. I have looked back through your posting history for the past few months and haven't seen references to any actual trades. If you say you're sharing trade ideas and detailed discussions, that's great, and its no doubt important, but its still not a trade call. Nobody says you have to make them, and I have no doubt you trade and are profitable, but still, when someone makes a call, even if you don't agree with it, its stupid to knock it when it was already 30 points into profit, especially when you aren't going to make a call in the opposite direction if you feel you are so right. As far as I'm concerned, everyone on ET is a jackass and a wannabe until they can show consistent calls/trades/etc. Its the only pure and true thing in trading. I have seen countless calls for a market top and many of them have been wrong. But at the same time, a top will happen, and we all know that a proper mix of stop and target can be a profitable strategy even if your win rate is low. Volente's initial call did have a R:R of roughly 1:2.6 if we consider entry at 2400, stop at 2426 and target of 2333. All I am stating is i think SPX will touch 2333 before it trades over 2426. The 3 longer term targets will take time and other variables are still in play. My time frame is 2017 for them unless 2426 gets taken out. This isn't a huge profit margin, but still, the trade call stands, and if more people here focused on making trading be about these parameters, there would be much more to learn at ET. Heck, if people even focused on using these parameters for any subsequent trade calls, it would be much easier to give people credit where its due without these discussions turning into shouting matches and too many loose ends. Your contributions to ET are appreciated because I know I'm using the service without paying a dime. I do still feel that your replies were unwarranted, especially from another fellow long time poster who was very specific about his trade call, but your reply here and recognition of your poor diplomacy is very much appreciated.
There's nothing that I teach that resembles gambling. Also, I do not use options in my trading - I use futures spreads. Like your thread call, I am all for calculated risk and profit and stop targets defined at trade entry (I applaud you for that). I don't think that most generalizations work particularly well for trading - and if you are completely closed minded to the idea of "buying juice" under the requisite of low volatility and the imminent possibility of a market moving event then you could be missing opportunities as compared to selling premium under all circumstances. Again, to equate Cornwall Capital's track record re: OTM options to me teaching "gambling" is off the mark completely.