You're on the ropes with your 1000 before 1100 call, Rowshan. That would make two bad calls in a row, wouldn't it?
2 bad calls? Only in your warped world where you don't trade equities and don't understand statistics. The odds were 2 to 1 against me from the beginning. Being wrong here is akin to me playing dice and getting 2 to 1 odds when my point is 4 and losing. Big whup. I don't recall the other thread I started this year that was wrong. Feel free to post a link if that will make you feel better about yourself.
If you can read and understand English, I layed out quite truthfully my recent market thoughts a few posts before this. Again, many thanks to smurf for saving me here. Anyone who wants to be honest knows I have called NO tops for months now.
I really don't know what posesses someone to think they can predict 6.5% moves in the market. On my best trades I might let it run 8% on the market, and 16% on QLD or QID, but I never know beforehand if that trade will be that profitable. The votes fluctuate by whichever way the S&P moves. Herd behaviour is very obvious in this thread.
Rowshan claims he can. You see how ruffled his feathers get when I point out that he's human. Took him three separate posts to reply Maybe it's time for another username?
Hey Rowshan/Rubberbird/Thorn what gives?? you said that you manage a 100 million dollar fund yet with this handle you just created you start out looking for a prop firm saying that you have a track record of only trading a couple thousand shares a day, and also looking for SOMEONE ELSE to fund your account. Please explain. http://www.elitetrader.com/vb/showthread.php?s=&postid=2556324#post2556324 http://www.elitetrader.com/vb/showthread.php?s=&postid=2556255#post2556255 And then here you are in your journal saying you just sold 10 spy's, pretty small position for a guy running a hundred million dollar fund. http://www.elitetrader.com/vb/showthread.php?s=&postid=2555018#post2555018 And has for the other call you were wrong on, here it is, just one of many of your losers. I guess Rowshan sold 1 too many uncovered august/september 950/1000 calls his 100 million dollar fund is now officially gone, and he is looking for a prop shop where he can trade a couple thousand shares a day... Oh how the mighty have fallen. =)
http://www.elitetrader.com/vb/showthread.php?s=&threadid=5285&perpage=6&pagenumber=1324 I was itching to go short at the end of August. But after reading that marketsmurfer, who is always dead wrong, was going to throw in the towel at dow 10,000+, I waited. Well yesterday the year old gap to spy 109.68 was filled. That can only mean one thing, the huge rally is finally over ! I owe marketsmurfer a debt of gratitude. If smurf didn't alert me that the dow would hit 10,000, I might have lost some money in the last 6 weeks. Thanks smurf and adios amigos !