A public service message that will save you lots of $$$ (completely serious)

[V8 Muscle]

Originally Posted by fevr

I'm still here, just not a hater. Prediction was obviously wrong but I'd like to see it happen outside the time frame you predicted. I have a lot more cash built up compared to when I went long in May/June.

lol no doubt. And yeah I was early. Not surprisingly it coincided with the end of QE, which substantiates the theory that the fed is proping up the equity markets with stimulus and short term unsustainable methods. Timing was early, but its getting ugly.

I'm gonna run through charts again this weekend, but it looks like we could easily take out some serious support here. I had an awesome day today overall, but took off a couple of put spreads for a 90% overnight gain. Can't complain about that. As soon as AMZN fills that gap I'm gonna buy a bottle of Dom P and celebrate with the ridiculous profits hahah.

CSCO still has to report yet, so I'm keeping my eye on that since its a Dow component and weighs heavily in the QQ's

Originally Posted by PatrickBateman1

Come on brah... you got one prediction right... let's relax.

I actually expected today to be just ugly and choppy (which it was in the second half)... didn't expect such a drop though.


Anyways, I had a decent run for the first 2 hours of the day but was only up a little because of one bad trade, took a big position when I thought we were gonna bounce back down off some resistance... had a big stop and got whipsawed bad. Slowed down my trading around lunch since that's usually the toughest time of day for me. Started trading again around 2ET and I honestly can't believe I didn't break anything. I did not make one profitable trade all afternoon. "Looks like a reversal here... nope!"... "Well we're still in this downtrend and my indicators look good... NOPE!". FFFUUUUUUUUUUUU!!! (just venting).


And to make things even better, as I was leaving I didn't realize how close the car next to me was and I turned to sharp when getting out of my parking space... sideswiped another trader's car (didn't do any damage to me since I've got an SUV). He was cool about it but I still but a nice dent/scrape in his front bumper/fender...

So I'm drinking right now.

wow that blows dude. My day was like the opposite of that. I Damn near doubled my account. I was seeing the same thing that you were, but taking the long trade was the wrong idea because that little consolidation turned into a bear flag. I'd be extremely hesitant to play the long side before we run into 1k where we will probably see support.

I'm gonna analyze the H&S scenario over the weekend, but it looks like we might run into 970-980 before popping to 1045 again (which would be EVIL for everyone, bulls and bears alike). Regardless, I'm shorting anything over 1045 until we see 1015 where I might take some profit.

Originally Posted by Frank Drebin

g.t.f.o.

lulz thank you

[CLK-GTR]

Originally Posted by V8 Muscle

lol all the haters left now

no we just got bored of your know all attitude and false predictions. not one of us ever doubted there was going to be a correction during the market's traditionally bearish months. you are still wrong

[V8 Muscle]

ok here is my roadmap for the new trend on SPY

[V8 Muscle]

Originally Posted by CLK-GTR

no we just got bored of your know all attitude and false predictions. not one of us ever doubted there was going to be a correction during the market's traditionally bearish months. you are still wrong

and you're still a faggot.

I'd like to see you put your predictions on the line, but I guess that takes balls so I won't hold my breath. You still have yet to post any real analysis or a chart, you just stand on the sidelines and say "YOURE WRONG!".

[Roke]

Alright guys, according to my Fibonacci retracement indicator the dow jones industrial is meeting strong resistance NOW at 10023.42

This is the third resistance barrier and after barely pushing through the previous two there's a good chance things could be going down(don't know if it's serious or not).

If I'm mistaken feel free to let me know.

[o0o0Ooo0o0Oo]

Originally Posted by Roke

Alright guys, according to my Fibonacci retracement indicator...

Did you get your Fibonacci retracement indicator from Libyan Nationals? Because I know a kid stuck in 1955 who could use some more plutonium.

[CLK-GTR]

Originally Posted by V8 Muscle

and you're still a faggot.

I'd like to see you put your predictions on the line, but I guess that takes balls so I won't hold my breath. You still have yet to post any real analysis or a chart, you just stand on the sidelines and say "YOURE WRONG!".

you = down +/- 100k

me = not down +/- 100k

end of

[V8 Muscle]

Originally Posted by CLK-GTR

you = down +/- 100k

me = not down +/- 100k

end of

100k? dude every time you say that your number goes up lol I never had 100k to blow to begin with, so how is that possible.

[CLK-GTR]

Originally Posted by V8 Muscle

100k? dude every time you say that your number goes up lol I never had 100k to blow to begin with, so how is that possible.

you lost something like 60k hard cash, and then you advised against the rally at the end of the summer, thereby missing a ~40k opportunity.


if you want me to put my money where my mouth is, im about to bet on some banks again

[V8 Muscle]

Originally Posted by CLK-GTR

you lost something like 60k hard cash, and then you advised against the rally at the end of the summer, thereby missing a ~40k opportunity.


if you want me to put my money where my mouth is, im about to bet on some banks again

Your numbers are still fudged and you're still making **** up. Just give up the "omg you lost 100k" because it didnt happen. Losing money and not making money are two very different things in finance, seems like you shoulda figured this concept out by now considering how you talk about things. I've corrected you about a million times and you still havent understood it, so I guess you have problems admitting you are wrong also

The COTS timer is showing a buy signal on BKX so you might be right short term. Made some good money shorting BAC from 17.50 to 14.50, cant argue with that. Banks still look super weak imo though. JPM is barely green today

[NorthernRaZ]

Originally Posted by Roke

Alright guys, according to my Fibonacci retracement indicator the dow jones industrial is meeting strong resistance NOW at 10023.42

This is the third resistance barrier and after barely pushing through the previous two there's a good chance things could be going down(don't know if it's serious or not).

If I'm mistaken feel free to let me know.

Would you like to retract your statement? Indexes hit 52 week highs today.

Keep investing, boys.

[o0o0Ooo0o0Oo]

Originally Posted by V8 Muscle

Just trying to drop some knowledge on you guys so you dont lose more $ in the recession....
-You/your parents will get SCREWED unless you sell before its too late
-GTFO OF STOCKS/MUTUAL FUNDS WITHIN 30 DAYS

My 401K
"Rate of Return for the period beginning July 17, 2009 and ending November 9, 2009 is 13.3%"
Just saying...

[CLK-GTR]

Originally Posted by V8 Muscle

Your numbers are still fudged and you're still making **** up. Just give up the "omg you lost 100k" because it didnt happen. Losing money and not making money are two very different things in finance, seems like you shoulda figured this concept out by now considering how you talk about things. I've corrected you about a million times and you still havent understood it, so I guess you have problems admitting you are wrong also

The COTS timer is showing a buy signal on BKX so you might be right short term. Made some good money shorting BAC from 17.50 to 14.50, cant argue with that. Banks still look super weak imo though. JPM is barely green today

i posted the exact workings elsewhere...either way you've still lost a **** ton of money in your trading career to date.


im buying in slowly. just going to test the waters and keep fairly loose stops on the first couple. at the end of the day....long term, financials are an absolute steal.

[V8 Muscle]

Originally Posted by NorthernRaZ

Would you like to retract your statement? Indexes hit 52 week highs today.

Keep investing, boys.

volume was crap today and it was all the work of Mr. Geitner dumping billions of dollars into the market. If the dollar was flat today we woulda been at like 1070

Originally Posted by o0o0Ooo0o0Oo

My 401K
"Rate of Return for the period beginning July 17, 2009 and ending November 9, 2009 is 13.3%"
Just saying...

I'm surprised it isnt higher

Originally Posted by CLK-GTR

i posted the exact workings elsewhere...either way you've still lost a **** ton of money in your trading career to date.


im buying in slowly. just going to test the waters and keep fairly loose stops on the first couple. at the end of the day....long term, financials are an absolute steal.

"A **** ton of money" is a relative statement. Is it a **** ton to the amt that most other people lost in the stock market last fall? probably not... Regardless, your "exact calculation" you posted is garbage. I remember debunking it about 1000x in this thread.

And if you dont lose money at first, you won't learn how to trade properly. I paid a price learning, but now at least I know how to trade a hell of a lot better than I did. Are you really surprised that a novice trader would lose money in a market like last Fall's? Had to pay the tuition to learn, and I'm much better now than I was before. Starting trading in a bull market is cake, but mostly because you can be sloppy with entries and exits and get away with it.

Just because you are net green doesnt mean you know what you're doing. You could have bought anything with a ticker when Obama came out and said to buy stocks on March 1st and would be up a lot right now, but that doesn't mean you know what you're doing.

[Roke]

Originally Posted by NorthernRaZ

Would you like to retract your statement? Indexes hit 52 week highs today.

Keep investing, boys.

Yes, because the market beat the third retracement this is definitely a good sign to invest. But my statement was that there was possibility of a pullback and at the time I stood by it.

[NorthernRaZ]

Originally Posted by V8 Muscle

volume was crap today and it was all the work of Mr. Geitner dumping billions of dollars into the market. If the dollar was flat today we woulda been at like 1070

Sure it would...

[V8 Muscle]

shorted pretty hard at the close. Looking for a doji or a down day tomorrow. Everything is going smoothly and according to plan so far.

[hvit]

i really can't understand why people think they can predict every last move of the market.

[tmc.]

people that do statistical analysis are just wasting their time, you'll do the same, if not better, without it

[whitedwarf]

OP is just another guy who went to a couple economics classes, read some beginner pages on technical analysis and can draw trend lines. My positions/capital is up 36% since September, and any active trader worth his **** knows that downtrending markets are nothing but a different type of profit.


/thread.

[fevr]

Lol

[CLK-GTR]

Originally Posted by V8 Muscle

Just because you are net green doesnt mean you know what you're doing. You could have bought anything with a ticker when Obama came out and said to buy stocks on March 1st and would be up a lot right now, but that doesn't mean you know what you're doing.

i bought in at 85 last week....now at 90.5 if i was looking to turn them around quickly. how are your investments doing hotshot??? lost another few grand?

Id say the fact i usually make money on my trades, and when i dont i cut my losses quickly, says i do actually know what im doing. if i didnt, i might be the kind of guy who goes around losing thousands. like you

[fevr]

lol

[NorthernRaZ]

Originally Posted by NorthernRaZ

Would you like to retract your statement? Indexes hit 52 week highs today.

Keep investing, boys.

this

[V8 Muscle]

this market doesnt make any sense and it can barely hold prices. The only way they can push it up is by pumping futures, gapping the open up, and causing a short squeeze. You dumb ****s keep getting long, Goldman has to find $30B to pay bonuses somewhere. This is not a healthy bull market. I've said it once and I'll say it a thousand times. So what if I was wrong in terms of the timing? you would be a dumbass to argue this market is in recovery mode now just because Bernanke pumped trillions of liquidity into the markets.

And we've rallied 7 SPX points in the last 30 days, lol. Keep talking ****.

[P1ngPutts]

I'm up 2k in the market as of 7/09. Feels good. Once the housing market started to get better, the market became more stable. Great time to invest imo.

[wecndo]

my portfolio has grown in value since that time.

what now?

[fevr]

Originally Posted by V8 Muscle

this market doesnt make any sense and it can barely hold prices. The only way they can push it up is by pumping futures, gapping the open up, and causing a short squeeze. You dumb ****s keep getting long, Goldman has to find $30B to pay bonuses somewhere. This is not a healthy bull market. I've said it once and I'll say it a thousand times. So what if I was wrong in terms of the timing? you would be a dumbass to argue this market is in recovery mode now just because Bernanke pumped trillions of liquidity into the markets.

And we've rallied 7 SPX points in the last 30 days, lol. Keep talking ****.

lmfao

[V8 Muscle]

Originally Posted by P1ngPutts

I'm up 2k in the market as of 7/09. Feels good. Once the housing market started to get better, the market became more stable. Great time to invest imo.

mortgage delinquencies are at like 15% and rising, coupled with the expiration of the homebuyers credit and there will literally be no market for houses. Coupled with CRE, the reintroduction of Mark to Market, the lack of QE/stimulus money going into stocks, and about a million other risk factors... there's no way in hell this market can survive without substantial further bailouts, which will pretty much destroy our country completely albeit not immediately

Originally Posted by fevr

lmfao

you laughing bc its true? anything I said inaccurate?

[CLK-GTR]

when are you just going to accept that you were wrong??? you lost all credibility with anyone who invests on here months ago