Urgent Message From Rennick

Discussion in 'Trading' started by William Rennick, Jul 17, 2007.

  1. Your call is living proof that even a blind squirell can find the occasional acorn.. The Balls call was doing great until about 10:45,, did breaking news hit??? I'm staying long until I see the next "Ball" call. I bought calls at the open so I'm down just a smidge.

    Rennick out:cool:

    ps. Plus the Market rallied hard after you went short,,,surely triggering the stops that you emini players use

    pss. BUSTED,, that was a skyhook from mid court...SWISH BABY
     
    #1231     May 7, 2008
  2. It did till 10:45AM. I like most of what you post Rennick, but I thought it was head fake. But you may want to be a little more fair. Good luck Rennick. Do not wait for those guys. They may follow the trend. What if it is the end? :D
     
    #1232     May 7, 2008
  3. Bill, while we are waiting for you long call to pan out why don't you tell us your story about 1987 crash?
     
    #1233     May 7, 2008
  4. More like the crash of 29. Rennick was 45 years old when that happened.:D
     
    #1234     May 7, 2008
  5. sorry for the typo, I meant 1929
     
    #1235     May 7, 2008
  6. balda

    balda

    Don't be so hard on William. He's been honest from day one.

    This is his quote from more than 2 years ago.

    http://elitetrader.com/vb/showthread.php?s=&postid=960696#post960696
     
    #1236     May 7, 2008
  7. #1237     May 7, 2008
  8. MAESTRO

    MAESTRO

    I don't know about you, guys, but I made good money buying the 10 am dip and selling it on the trailing stop at 10:45. It was good to me. If you don't know how to execute good tips you should not attempt the day trading. Ultimately, any market call could be wrong if you wait enough!
     
    #1238     May 7, 2008
  9. This is a great point, and a lesson to be learned. This morning I lost my discipline and instead of selling my calls when I was up nicely, I held out and now my calls are underwater. Im going to wait for an afternoon counter-trend to unload them. BTW, the "Ball" has turned NEGATIVE, and is now calling for further WEAK market action this afternoon.

    Rennick out:eek:
     
    #1239     May 7, 2008
  10. MAESTRO

    MAESTRO

    A tip. The best trailing stop is 8% retracement from the P&L high water mark. :cool:
     
    #1240     May 7, 2008