7 replies to this topic

[dcengr]

I just noticed how many shifted to fully long yesterday.. but maybe the polls are just catching up? Curious to know what the price point people got in at.

[hiker]

as written, this poll ask anyone who is currently long to answer...did you mean to inquire only of those who are fully long? I answered long before the FED, but am far from fully long. Am long stocks, not ETF's etc. some of us have stayed long some stocks since 2004 and more in 2006...hope you realize this poll asks for data that is not limited to entry date. more than short term traders and swing traders exist in this population of traders "near the bottom" was March 2003 or 1930's..ask da chief

Edited by hiker, 22 March 2007 - 09:33 AM.

[dcengr]

as written, this poll ask anyone who is currently long to answer...did you mean to inquire only of those who are fully long?

I answered long before the FED, but am far from fully long. Am long stocks, not ETF's etc.

some of us have stayed long some stocks since 2004 and more in 2006...hope you realize this poll asks for data that is not limited to entry date.

more than short term traders and swing traders exist in this population of traders

"near the bottom" was March 2003 or 1930's..ask da chief

True, but I was refering to the recent spike in fully long positions. It increased dramatically yesterday. I think near the lows, it was like 3-4 people, then it went to like 17.. even yesterday it was like 8 people. So like 10 people went fully long yesterday, just curious what the entry was.

[hiker]

curious about entry in what? cause the other poll to which you are referring does not define what type of trading vehicle in which a trader is long or short could be: futures ETF's stocks do not know how this mixed bag would help a Q's trader or futures trader assess the market timing skills of the population that answered..some of us trade stocks which do not require short term shifts based on market timing... CLF FSLR U.TO just a few examples of a couple in which short-term traders would have missed the majority of the move, unless extremely vigilant

Edited by hiker, 22 March 2007 - 09:45 AM.

[dcengr]

curious about entry in what? cause the other poll to which you are referring does not define what type of trading vehicle in which a trader is long or short

could be:

futures
ETF's
stocks

do not know how this mixed bag would help a Q's trader or futures trader assess the market timing skills of the population that answered..some of us trade stocks which do not require short term shifts based on market timing...

CLF
FSLR
U.TO


just a few examples of a couple in which short-term traders would have missed the majority of the move, unless extremely vigilant

Well it doesn't matter what they went in.. practically everything went up.

Again, I'm just curious to the timing. There was a large shift yesterday, and there's obviously many issues about it.

1) Yes the data is true, and majority here are excellent timers, therefore they all got in before Fed.
2) No the data is false, and only reflects that closet bulls were willing to come out after it went up, hence they were always fully long (through the decline) or were at the bottom.

So there's many possibilities. This poll is just an attempt to clarify it.

[hiker]

thanks, DC..this conversation reminds me of a question asked yesterday at another TA board...

the question was whether anyone knew of studies that address trading profits related duration in the specific trade method/strategy for the trades in the study population

I answered that this guy's site a couple years ago had such studies available to the public for trend following as Michael defined the entry and exit method...and that he has since written a book and the study may no longer be available...this guy's technique as defined a couple of years ago does work to keep a trader in a trade for the entire duration of the run..and/or gets the trader back in when appropriate

http://www.michaelcovel.com/

[atlasshrugged]

but the lucky ones went fully long on March 14th with the successful retest and post by omnipitant sothsayers!!!

[dcengr]

Thanks to all who voted. Looks like a large portion caught the rally before the Fed, and many right at the recent lows.