but more so in the topic of discussing the market.
I'd appreciated if my way of trading is not questioned
Hey kids,
Lol I am still fine. I've been trading around it. Obviously smashed in the head overall. I've been too lazy to update on the blogs. I've had a few more important things to deal with outside of trading. In any case, I'm down a fair bit as you have guessed. It is now time to see how this 1000 level plays out. I am guessing this market can go as high as 4370, anything post that and I am in a fair bit of trouble. I am guessing if overnight the US doesn't rally of manipulated consumer confidence data, I should be ok. 1000-1010 is definitely some heavy resistance. I was actually surprised for the first time during the last 3 weeks at the lack of selling last night at the 1000 level.
On a different topic, if you do want me to post here at all, I'd appreciated if my way of trading is not questioned. Firstly, I trade the way I trade because I am not afraid to lose all my money. If I am short, every day the market moves against me when the underlying situation has not changed, I only have more reason to be in that trade. Secondly, this is not a topic under Trading Strategies, in which case it would be on topic, but more so in the topic of discussing the market. I understand it would be a very happy moment for some of you to see my ideology to fail me (which is fine, I can understand that, people don't like having anything radially different, or something that they can view as stupid), but it is definitely off topic here.Lastly, the way I trade is based on my psychology. I guess I will blow up a few times in my life, and hopefully not end up with suicide as Livermore did, but at the end of the day, it is the way I want to play this game
Have fun,
Ivan
Ivant, there are those here who would like to see you blow up because they want to drag down anyone who succeeds or has an idea; there are those who would like to see you blow up cause it might teach u a lesson about averaging.
Personally I would prefer people learn and adapt without losing significant portions of capital. Enjoy your posts as they usually contain some well thought out ideas.
Having said that, most of us SPI traders are/were scalpers and think a 15 tick move is a huge move. Thus holding it a 100ts offside seems unfathomable.
Good luck and happy trading.
I wish I had another 150k, I'd love to short Crude Oil at the 72 levels...
Having said that, most of us SPI traders are/were scalpers and think a 15 tick move is a huge move. Thus holding it a 100ts offside seems unfathomable.
Good luck and happy trading.
On a different topic, if you do want me to post here at all, I'd appreciated if my way of trading is not questioned.
then get ya nickers in a knot when other point out what you do ain't that "professional".professional trader that has been trading for 8 years
Unless you make it so obscure that people will glaze over it until after it happens. Just in case its wrong.
If you are unable to do that probably best to not put more than 2% of your guru status at risk on any one call. I call it "guru management" or GM.
Nun, i think TH meant with this:
today was the high for around 2% of the market for the next cupla days
However if you are really confident, you can leverage your status and make bigger calls. Problem is you stand to lose a lot of status without proper GM.
pay no heed , just acting the goose
to those concerned . sorry for disrupting any serious discussion
Ok, srs discussion. Well i am 2% sure that..
ah screw it. Looks toppyyy. Major reversal in our miners today. Only one that held up was NCM which tends to be a contrarian indicator in my books.
Bank buying should be all but finished, volume is mostly done imo.
Whats important is seeing how much buying there is when prices come down again.
Can't have a recovery based on XNJ and and XDJ
Come on Skyquake - although the Internet guru game is not a zero sum game, we can all be winners. Only those that truly leverage up their guru capital with top and bottom calls to the minute achieve exceptional guru wealth.
May I remind punters my call was right on give or take a few Internet minutes.
Screen shot of my days guru's trade results,
Do you toss and turn alot? I'd imagine the money is not very good for your back:
---------------
Leverage eh? Ok Today we see the high for the next 10 trading days followed by a feeble rally, followed by some consolidation. There
Come on Skyquake - although the Internet guru game is not a zero sum game, we can all be winners. Only those that truly leverage up their guru capital with top and bottom calls to the minute achieve exceptional guru wealth.
May I remind punters my call was right on give or take a few Internet minutes.
Screen shot of my days guru's trade results,
Fwiw i got meself some really OTM puts today. Expecting some sharp downmoves for a bit of a vol play but no way am I holding to maturity.
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