Top picking will get you nothing...
#1
Posted 10 November 2009 - 05:20 PM
top yet, why try to force one. With the frequnecy I'm seeing this here
its a wonder people have the means or the will to keep trading.
Trade with the trend until you see the turn coming. Be happy with a flat
position once in awhile and don't carry a big position late in the trend.
Just some things I've learned the hard way.
#2
Posted 10 November 2009 - 05:46 PM
THAT'S NOT TRUE AT ALL... shorts made me twice the amount of money than longs the last month. I was also short this month so far been profitable....but a depleted trading account. Seriously, there is no important
top yet, why try to force one. With the frequnecy I'm seeing this here
its a wonder people have the means or the will to keep trading.
Trade with the trend until you see the turn coming. Be happy with a flat
position once in awhile and don't carry a big position late in the trend.
Just some things I've learned the hard way.
CAN you see that there is a week of corrections in the last week of every month. that's also a trend we can profit from it. nothing wrong here.
This technique has infated my account not depleted it.
#3
Posted 10 November 2009 - 07:48 PM
#4
Posted 10 November 2009 - 07:54 PM
MY shorts are VSt for the moment. I only get seriously short by last week of the month, it's been a trend.ES up about 4 now. If we get another big day up tomorrow
there is no top in sight for a long way, forget double tops.
I should have put my small position back on at the close,
but there will be more if tomorrow does well.
I never said guess the high let the toping out process continue short in last week of the month.
I don't buy every day I let the position ride out. But I respect your system.
I am sure short players like nav, rf has been making lots of money on the down side.
#5
Posted 10 November 2009 - 10:28 PM
...but a depleted trading account. Seriously, there is no important top yet, why try to force one. With the frequnecy I'm seeing this here its a wonder people have the means or the will to keep trading.
Trade with the trend until you see the turn coming. Be happy with a flat position once in awhile and don't carry a big position late in the trend. Just some things I've learned the hard way.
I'm still holding a profitable short position trade since Oct 15th. Small caps continue to lead to the downside. If that changes, I will too. Until then, I will continue to "Be Right, and Sit Tight"
#6
Posted 11 November 2009 - 05:35 AM
...but a depleted trading account. Seriously, there is no important top yet, why try to force one. With the frequnecy I'm seeing this here its a wonder people have the means or the will to keep trading.
Trade with the trend until you see the turn coming. Be happy with a flat position once in awhile and don't carry a big position late in the trend. Just some things I've learned the hard way.
I'm still holding a profitable short position trade since Oct 15th. Small caps continue to lead to the downside. If that changes, I will too. Until then, I will continue to "Be Right, and Sit Tight"
It won't be profitable much longer, IWM will make new highs soon.
It's not leading anything, rather lagging instead. Small caps don't always lead.
Look for a meaningful bull market correction 100 spx points Jan.-Feb. after
we hit 1200.
#7
Posted 11 November 2009 - 05:23 PM
It won't be profitable much longer, IWM will make new highs soon.
It's not leading anything, rather lagging instead. Small caps don't always lead.
Look for a meaningful bull market correction 100 spx points Jan.-Feb. after
we hit 1200.
I respectfully submit that it's long positions that have diminishing opportunity to retain profitability much longer. To your point about IWM making new highs soon: IWM couldn't even hold prices above yesterday's high for more than 30 minutes! Until there is a close at least above 59.60 (above 60.40 is a better signal), there is little hope for this current "rally" to persist.
Make no mistake, any rally that lacks speculative interest in small caps is predestined to fail. Small caps DO lead.
Peace.










