actually i`m only down 1298 (unrealized) on my qqqq`s after all that bs----is that the best you can do bulls------come on---your getting buried alive on the way down! See I can talk some smack too I`ll probably sell my qqq`s tomorrow for another 2,500-4,000 if we get a bad cpi number.....this trading range is great.....the bulls think they are accomplishing so much.....then hy is it i can buy my qqq`s for .40 cents and sell them from .65-.75-.85 over and over again. your going to new highs a dollar at a time----meanwhile i`m a bear and I am making more money than you bulls----i just realized that after some of you think 20,000 is a big score-----your not making shit--------the qqq`s are the best ....volatile as hell in this trading range====and they have not made any new highs from the initial high while the other indices are making new records every 3 days during this whole bull rally....i just can`t believe people are stupid enough to keep allowing me to buy back the same puts for .40 cents by pushing up this bs bubble end of the year x-mas rally that is not really going anywhere in substance or i wouldn`t be able to buy back my same puts and sell them for a nice profit over and over and over. keep it up bulls.....i just wish i knew ahead of time or i would have sold my puts for .10 cents yesterday in profit....if i was going to be able to buy them at .30 cents today.....but such is life----can`t be a fortune teller---all the time
I hope you are not doing this because you felt you are committed to your call. There is no commitment in trading, you are not married to your initial entry. There is no right or wrong in trading, you are allowed to change your mind, and to go with the flow when the flow changes direction. Good trading.
I was waiting to buy near the open and I got in at the first signal I had........... http://www.charthub.com/images/2006/12/14/ES_317_VB_14.png I told "ticktrade" here before the open we would go to the 1432's today at a minimum......the market was not going to camp out above the 1416.50 MP level this long (several days) and not do something. I told him and some others in a "skype" room I was in, that the pre-market futures swings gave me the distinct feeling that today we were going to push early. The S&P "pit" today pre-open was looking for 1440.00 also (WOW....hit it to the tick on the ES), so the rally was not a surprise to me.
i am watching the rockets and yao ming needs some outside shooters around him..3 guys around him tonight.....i decided to move my stop up to 30 points as they often run up the futures pre-open.............a lot of smack......i don`t carry more than 5 contracts overnight---i am a diversified trader----i have futures money, position money, ira money, options money, and commodities money, under 5.00 stocks....i allocate my funds bewteen between my three aaccounts at fideilty, ib, scottrade. one day it will be nice to throw around 30 cars overnight , but i still have to be proportional in my trading and account money management---and i don`t have that kind of backroll yet----but i am making excellent progress....but frankly when i could throw around 30 contracts overnight.....i would probably be in different investment vehicles anyway-----like real estate development---but thanks for letting me know how BIG A DOG YOU ARE----AND HOW BIG YOUR COCK IS-----ASK YOURSELVES WHY YOU HAD TO POINT THAT OUT TO ME IN THE FIRST PLACE-------relax i`m just having some fun as trading is a solitary type job----its fun to talk a little smack--have some social interaction, and listen to different opinions about the market-----but it gets a little old defending every little move I make----so I will start to just ignore some of the crack-backs from purely a time management perspective-----but keep it up----i will probably still read them---b/c in some cases the criticisms are spot on.
Blue, I like your 'sky is falling' commentary. When everyone is a bull, we'll all be sad because there will be no one pulling us back down to earth and... that's when crashes happen. Anyway, as you say, even in a bull market, you can make a lot shorting and buying/selling puts. Even tho I'm mostly long, I still play puts too. Since we're all gambling anyway (there's no 100% in the market or everyone'd be doing it and it wouldn't work anymore), it's always a good idea to hedge a few bets. Especially for those of us who have traded thru some of the worst of times and could never forget. And I believe you can make a lot doing ONLY shorts and puts now (tho I wouldn't go that route since it's a far riskier bet). For any position, swing or day traders, what goes up must come down, or we can't make anything either, so we ride it up, you ride it down. I see nothing wrong or unbelievable about that. But do tell us when you go long ok?